Regulators Subpoena Pretty Much Everybody Over Subprime Loans

Subprime loans, the same type of horrible financial junkfood that led to the bonanza right before the financial meltdown in 2008, went right back into bonanza mode over the past year once people figured out they could use them to sell used cars. And once people realized, firms started cutting back. And now the… » 12/16/14 7:05pm Tuesday 7:05pm

Midwest Chrysler Dealers Offering Zero Percent Financing For 84 Months

Hey did you know that the all new Chrysler 200 also known as "America's Import" can easily be confused with a high quality Japanese or German car? You didn't? That's o.k. because if you live in the Midwest you can finance one at 0% interest for 84 months. Take that Honda and BMW! » 11/11/14 5:12pm 11/11/14 5:12pm

Auto Lenders Cutting Back Loans To Sub-Prime Customers

Financial analysts have been raising concerns about the amount of sub-prime lending happening within the auto industry. Some are worried about a lending bubble that could have a negative impact on the economy. But lenders are actually scaling back the the numbers of high-risk auto loans. » 9/11/14 10:20am 9/11/14 10:20am

Sub-Prime Lending Firm Gets Fined For Screwing Buyers

Sub-prime lending has been on the rise recently and experts are conflicted as to how it will impact both the industry and the economy. What is a growing concern is sub-prime lenders with predatory or otherwise unscrupulous business activities such as First Investors Financial Services Group. » 8/22/14 11:00am 8/22/14 11:00am

The 97-Month Car Loan Is The Craziest New Car-Buying Trend

Some good news and bad news on the car-buying front. The good news is that the American economy has improved to the point where credit is much more readily available than it was a few years ago, so people have an easier time financing cars. The bad news is that the terms of their auto loans are increasing dramatically. » 4/14/13 3:00pm 4/14/13 3:00pm

Do Not Pay, Do Not Pass Go, Do Not Collect $200

USA Today, America's most colorful newspaper, is running a story about devices that are being used to ensure car payments are made on time or it will kill the car. It's not the most high tech device in the world, but I'm sure it works and gets the job done. A box installed in vehicles purchased with subprime loans… » 3/31/08 3:30pm 3/31/08 3:30pm