On-the-lot financing is becoming more popular as many people with bad credit or no credit attempt to buy vehicles. However, for many, the loans that buy them a dream car turn out to be a nightmare.
To college graduates saddled with student debt, reaching a day when they don't have to make a monthly payment may seem far off, especially since U.S. ...
This week, the organization I work for -- the Center for Responsible Lending (CRL) -- will release the first in a series of reports on the prevalence ...
Because we were working so much (my husband was a service director in the automotive industry), we had this mentality that we deserved to be rewarded. I was constantly spending on clothing and accessories; my husband and I would treat ourselves to dinners out and expensive vacations.
Buying a new car is a big decision. Alexa von Tobel, Founder & CEO, LearnVest.com, gave advice on purchasing cars when she joined me on Mondays With M...
If you're not in this situation, imagine how hard it would be to try to build a credit history when no one will give you credit. If you're IN this situation, it probably feels like you have an up-hill battle just to get those essential-to-life loans that other people take for granted.
DETROIT -- For car buyers seeking auto loans, happy days are here again. U.S. banks and auto finance companies are once again welcoming all kinds of ...
Scott Zane, 42, was desperate the day he contacted Hope for Car Owners. It was the summer of 2010, and the Orlando, Fla.-based IT specialist had recen...
Car owners, beware. Fraudsters have launched a new scam in which they offer to help struggling car owners rework the terms of their car loans, only to...
NEW YORK — The recession and its hangover may have turned bill-paying habits upside down. Cash-strapped Americans are paying off their car loans...
Oliver Eikenberry was initially very happy with the slightly used 2009 PT Cruiser he bought three years ago. He got a car he liked and a monthly payme...
NEW YORK (David Henry) - Ally Financial Inc, the United States' largest maker of car loans, hopes that people have forgotten the time when "subpri...
DETROIT — Consumers with less than stellar credit are getting car loans again as lenders loosen their standards, and the trend is likely to cont...
The much-touted improved profitability of many car companies is not based on earnings from manufacturing or selling the vehicles but from charging interest.
Young or old, profligate or prudent, first-time lessee or seasoned buyer, many Americans have little idea of the true financial cost of car ownership. How can we reduce the cost of being mobile?
DES MOINES, Iowa -- It's getting easier to get a car loan. "A couple of months ago, it was horrible," says George Magliano, an automotive research ...
When I was growing up, car manufacturers made a big deal each fall about unveiling next year's models, literally shrouding them in secrecy under tarps...
The phrase "double-dip recession" means little to most of us. To people on Main Street, it hasn't been been a "dip". We took a drop to the bottom two years ago and stayed there.
WASHINGTON — It's a good time to buy a car or refinance a mortgage, thanks to super-low inflation and interest rates. Invest in a savings accou...
Auto dealers may get a pass on financial reform despite outstanding car loans totaling $850 billion, greater than national credit card debt and second only to home mortgages.
It should come as no surprise that the auto loans are incredibly profitable for the industry -- more than half of Ford Motor Company's $2.7 billion 2009 profit came from its financing arm.
WASHINGTON — Taking aim at deceptive lending, the Senate on Wednesday voted to ban mortgage brokers and loan officers from getting greater pay f...
WASHINGTON -- While much of the Congressional debate over consumer financial protection has focused on banks, lawmakers have been grappling behind the...
Most financial advisors tend to focus on how much you need to save. But it's equally important to cut your debt load as retirement approaches--especia...
The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has re...
