Auto Finance Blog

What’s Your Credit Score?
If it’s high, Now is a Good Time to Borrow
In this crazy lending market, interest rates have remained at historic lows but all the banks have gotten so picky that most requests for loans go unanswered.  There is an old saying that goes, “If you don’t need the money, you can [...]

Yesterday, in an article published by the Detroit News, business and marketing research firm Experian Automotive released data that shows auto loans that are 60 days past due rose by 21.2 percent in the second quarter from year-earlier levels.
In the second quarter, 0.80 percent of car loans were 60 to 89 days past due, up [...]

With the passing of the ‘Clunkers’ program, there is plenty of speculation remaining as to whether or not the program was successful.  That sort of depends upon where you are viewing it I suppose, but no doubt, some good things did happen.  Putting cash in the hands of consumers via the rebate clearly sparked some [...]

With all the hoopla over the “Cash for Clunkers” program in terms of helping dealers move a large quantity of autos new autos and some additional used car inventory for shoppers who could not meet the program’s requirements, the auto segment has clearly enjoyed year over year sales improvements.  The C for C program in [...]

In an article published by SubPrime Auto Finance News,  J.D. Power and Associates  have discovered that dealer satisfaction with lenders declined “considerably” from 2008 in all four segments reviewed in the Dealer Financing Satisfaction Study.  Is it any wonder that this occurred when all the lenders are holding on to their cash tighter than a [...]

Cash for Clunkers Financing
The government of the United States is offering $3,500 and $4,500 vouchers for vehicles traded in toward the purchase of a new car.
Here is a quick overview of the Cash for Clunkers program.
1) Visit the www.CARS.gov for current information about the program.
2) Determine if you qualify for the program and locate a dealer.
3) When you [...]

Hey! We would love to have you as a customer! Next time you are in the market for a car, consider getting comparison financing quotes by completing just one application. When you apply at myAutoloan.com you get superior auto financing deals with improved customer services. Whenever we provide an offer to an auto financing application, [...]

General Motors Co. and Chrysler Group stepped up their lobbying Thursday against bills in the U.S. House that would reverse their cuts in dealerships, arguing the moves threaten their survival out of bankruptcy, stated an article in FreePress.com.
Dealers have been pushing bills in Congress that would undo any changes made by Chrysler or GM in [...]

We get calls everyday with questions about auto refinancing. It’s often confused with mortgage refinancing and the criterion really is much different.  So let’s see if we can provide a quick overview of why this auto finance  tool is becoming so popular.
Answers to frequently asked questions about refinancing an auto loan.
Q: What is an auto [...]

In part two we talked about how more often than not, if you ask anyone about “refinancing”, they associate it with their home mortgage, a lot of paperwork and expensive fees. What consumers have not clearly been aware of is that by refinancing their car loan, they can possibly save money on the interest they [...]