Auto Loans Archives

GM's Future clouds Car Shopping
By: The Associated Press
HAMILTON, Ohio (AP) — In vehicle showrooms across the country, questions about the future of auto giant General Motors Corp. add to the usual haggling and give-and-take.Car shoppers have been kicking the tires a little more cautiously as salespeople try to ease their worries about service warranties, resale values, and even whether GM dealerships will still be around in another year. Read more»
Chapter 11: The GM, Chrysler Saga
By: The Associated Press
WASHINGTON (AP) — It's no secret General Motors has been in trouble for a long time. The nation's largest automaker has been teetering on the edge of collapse for months, losing billions of dollars, laying off thousands of workers and shuttering big factories as its vehicle sales plummeted. It's a black hole for cash, but billions from taxpayers has kept it from imploding. Read more»
How Should You Purchase Your First Car?
By: manybanking.com Staff
When getting your first car, you have three options -- pay cash upfront, finance it or lease it. All of these options have their share of pros and cons. Let’s examine each option for first-time car buyers. Buying a Car With Cash Read more»
Auto Buyer Protection Plans Spread
By: The Associated Press
Hyundai, Ford and General Motors are trying to attract buyers with the well-publicized assurance that their car payments will be covered if they lose their income. But even buyers of used cars and motorcycles can find protection plans as a growing number of dealers try to ease fears when consumers make a deal for a ride. Read more»
How to 'Swap' Your Auto Lease
By: Brian O'Connell
With more and more Americans in tough financial straits, a growing cottage industry has developed around an unlikely market – the auto lease “swap” sector. Read more»
Ditch Your Car and Save
By: manybanking.com Staff
How much does your car cost you per year? Americans spend on average $8,003 per year to own and operate a vehicle, according to the most recent Consumer Expenditures, released in 2006 by the U.S. Bureau of Labor Statistics. That factors out to about $667 per month. Those costs include purchasing costs, gas costs, maintenance and other vehicle related expenses. If you’re looking for ways to shave down your monthly expenses, have you considered giving up your car? Read more»
If you and the family are planning to hit the road for summer vacation, you’ll be happy to know you probably won’t be paying as much for gas as you did last year. Read more»
What if GM Bondholders Got Cars?
By: Ted Reed
Unsecured bondholders of General Motors are looking at the prospect of pennies on the dollar for their investments. Perhaps cars for debt is a better option than equity for debt, even if it is an unlikely one. Read more»
Chrysler and General Motors recently announced they're ending their contracts with thousands of dealerships. That's bad news for car dealers, but it could be a real opportunity for people looking for a good deal on a new car. Read more»
DETROIT (AP) — So your local Chrysler dealer is slated to close, and a nearby General Motors dealer could get the ax too. What happens if you need service on your car's a natural question in the changing automotive landscape, as those two U.S. automakers attempt to restructure in and out of bankruptcy court. Read more»
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