Toyota To See "Large" Hit From Used Car Values

The Wall Street Journal reports this morning the super number one awesome best automaker from the land of the rising sun said it will set aside major reserves for its first quarter to cover losses from vehicle leases in the U.S. And with that, Toyota now follows Chrysler, GM and Ford into the land of plummeting used… » 8/06/08 9:00am 8/06/08 9:00am

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