No, You Don't Have To Be A Millionaire And Pay Cash To Buy A New Car

Dave Ramsey is a financial guru to many people. His advice has helped millions get free from crushing debt. This is a good thing for those folks struggling to get by. Unfortunately, Mr. Ramsey, like many of his financial advisor colleagues, is a little too uptight about letting you buy a new car.
» 8/21/15 10:27am 8/21/15 10:27am

How Do I Buy A Car With A Low Credit Score And No Down Payment? 

My PT Cruiser with 140k miles is becoming a money pit. I need another car, but due to some medical bills my credit score took a massive hit and I have no cash for a down-payment. I’m worried about getting a loan with a high interest rate, but I’m also hesitant to deal with the headaches of another used car. » 6/11/15 10:00am 6/11/15 10:00am

Outstanding Auto Loans Hit $886 Billion In 2014

When you have a record year for car sales such as what happened in 2014, you can also expect a record number of auto-loans. Credit reporting bureau Experian says that Americans borrowed a staggering $886 billion dollars last year to finance new and pre-owned vehicles, but they maintain this is no cause for alarm. » 2/24/15 10:48am 2/24/15 10:48am

Equifax Denies Sub-Prime Loan Bubble, Says Loans Improve Credit Scores

Despite concerns raised by financial analysts, organisations within the auto industry are not worried about a so-called sub-prime auto loan bubble. Credit reporting bureau Equifax, not only refutes the possibility of a sub-prime crisis, but also suggests that these loans are helping car buyers. » 2/18/15 2:15pm 2/18/15 2:15pm

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 12/16/14 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