Cash for clunkers worked like this — (Sticker MSRP + markup + options + fees + taxes - $4,500 = Price you paid).

Financing 100% of the price of a car at anything other than 0% means you are under water after the first year. Most people put nothing down when buying a car — just ’sign and drive’ for whatever you can qualify for and believe the dealer has your interest at heart like with real estate agents. The average new car depreciates 10%- 20% in first year. A 60 month car loan won’t exactly ‘build equity’. Being in the Auto Industry, I can tell you we are having the worst September in our history. [more...]

Date: 2009-09-29 15:46:41

Blog posts (5) | Videos (86)
 

Mandelson studies auto finance plan - News UK

Mandelson studies auto finance plan - News UK Posted by:peter 16 minutes ago • Discuss He was responding to a report in The Times saying more car loans could be encouraged by extending the Bank of England's special liquidity scheme to motor-based [more...]

Date: 2009-01-15 19:35:26

5 Ways to Save Money on Your Next Vehicle Loan

by Ada Denis Don’t get stuck with a bad car deal. Here are five ways to walk away from an auto dealership and save money on the vehicle loan. 1 ... an application with your personal bank, credit union, finance company, or online auto loan broker [more...]

Date: 2008-12-09 09:27:49

Auto & Car Loan Calculators

Lease a Car vs Buy a Car Calculator Should you lease your next automobile or finance it? Find ou... [more...]

Date: 2008-12-19 19:44:00

Ctrl BG: A Shortcut to Financial News 11/29

Hope everyone is having a great Thanksgiving weekend and got some great bargains yesterday! ... facility to support consumer finance, including student, auto, and credit card loans and loans backed ... consumers get home, car and credit card loans easier. I haven't figured out all the implications [more...]

Date: 2008-11-29 14:40:00

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