Auto Loans Archives

Don't stretch out that car loan
By: manybanking.com Staff
By sbup Staff Ford (F) posted its biggest annual loss in 2008, and General Motors (GM) and Chrysler LLC are busy slashing jobs to deal with slumping demand. But before you step in and take advantage of these low prices, make sure you get a loan term that's right for you. Read more»
Should you buy or lease that new car?
By: manybanking.com Staff
By manybanking.com Staff If you're thinking about getting a new car, the first decision is whether to lease or buy. Read more»
Gas Price Falls to Lowest Level in 5 Years
By: manybanking.com Staff
The Associated Press. The average national price of gasoline fell 9 cents in the past two weeks, bringing it to its lowest point in nearly five years, according to a national survey released Sunday. Read more»
Toyota to Suspend Output at Third Plant
By: manybanking.com Staff
Japan's biggest automaker said it was suspending production at a third plant later this month as it tries to cope with falling demand in the U.S. and around the world.Updated from Wednesday, Dec. 3 TOKYO -- Toyota is starting to feel the pinch of the global slowdown at home. Read more»
BMW Sales Slide 25% in November
By: manybanking.com Staff
The global slowdown hit the German automaker, with the drop in Mini sales being the most significant.By The Associated Press BERLIN -- Automaker BMW AG said Friday that its global sales last month slid 25% as the global financial crisis caused consumers to hold back from buying new cars. The Munich-based company said it sold 96,570 BMWs, Minis, motorcycles and Rolls-Royce cars compared with 129,459 in November 2007. Read more»
Frankly, the banks' prospects of making money are better.By Debra Borchardt from TheStreet.com Why is there more hesitancy to bail out the Big Three automakers as opposed to the banks? Read more»
Porsche Sales Fall Amid Auto Slump
By: manybanking.com Staff
German sports car maker Porsche said it expects revenue in the four months through November to fall about 15% from a year ago.STUTTGART, Germany -- German sports car maker Porsche said Wednesday it expects revenue in the four months through November to fall some 15% from a year ago as sales slump amid the global economic crisis. Read more»
Venezuela's Chavez Eyes Oil Price Band
By: manybanking.com Staff
The South American leader is going to propose that OPEC set a price range of $80-$100 a barrel.By Rachel Jones from The Associated Press CARACAS, Venezuela - Venezuela's President Hugo Chavez said he is proposing that OPEC countries consider setting a price range for oil of $80 to $100 a barrel to stabilize the global market. Chavez raised his proposal for an oil price band Monday night, along with other proposals Venezuela is promoting among fellow oil exporters. Read more»
Fitch Lowers Credit Rating on Toyota
By: manybanking.com Staff
Fitch cut Toyota's credit rating to "AA" from "AAA," blaming the world's auto market slump and surging yen.By Yuri Kageyama TOKYO -- Fitch Ratings cut Toyota's top-notch credit rating, blaming the world's auto market slump and surging yen -- the latest sign that even Japan's top automaker is suffering from the global slowdown. Read more»
Ford Considers Sale of Volvo
By: manybanking.com Staff
With all of the problems facing the auto industry, the company is considering shedding its Swedish unit.The Associated Press DEARBORN, Mich. -- Ford says it is considering selling Volvo Car Corp. as the struggling U.S. automaker seeks to raise cash and weather the industry crisis. Ford said Monday it expects its strategic review of the Swedish luxury automaker will take several months. Read more»
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