Women Less Likely to Lease Their Next Car

Auto Loans

Women Less Likely to Lease Their Next Car

Women Less Likely to Lease Their Next Car

When it comes to getting — and having — a car, men and women may approach the process differently. Men prefer longer leases and tend to make larger down payments than women, according to a survey conducted by Swapalease. Although about half of women surveyed thought they “definitely” or “probably” would lease their next car,… Read More

Auto Loan Balances Reach Record High

Auto Loans

Auto Loan Balances Reach Record High

Auto Loan Balances Reach Record High

Auto loan balances hit a record high at the end of 2013, according to new data from Experian Automotive. The agency’s market intelligence reported $798.5 billion in outstanding auto loans in the fourth quarter of 2013, an 11% increase from the year before and the highest level since Experian Automotive began releasing the data in… Read More

The Most Car-Hungry States

Auto Loans

The Most Car-Hungry States

The Most Car-Hungry States

Auto loans have been a consistently strong aspect of the recovering economy, and the end of last year was no different. The dollar amount of car loans and leases originated in the fourth quarter of 2013 ($129 billion) increased 16% from the fourth quarter in 2012, bringing the loan and lease origination total to $511… Read More

Consumer Watchdog Announces Largest Discriminatory Auto Lending Case Ever

Auto Loans

Consumer Watchdog Announces Largest Discriminatory Auto Lending Case Ever

Consumer Watchdog Announces Largest Discriminatory Auto Lending Case Ever

The Consumer Financial Protection Bureau announced Friday the largest auto loan discrimination case to date, in which Ally Financial Inc. and Ally Bank has been ordered to pay $80 million in damages to 235,000 minority borrowers impacted by their discriminatory pricing system. The enforcement action stems from an investigation started in 2012, through which the… Read More

How Big Should Your Car Down Payment Be?

Auto Loans

How Big Should Your Car Down Payment Be?

How Big Should Your Car Down Payment Be?

You have a sizable amount saved up to use toward a down payment for a car. The first instinct you have may be to put it all down so you can pay off the vehicle faster and try to negotiate a better interest rate to finance the remaining balance. However, using all of your money… Read More

Are You Getting the Best Rate on Your Car Loan?

Auto Loans

Are You Getting the Best Rate on Your Car Loan?

Are You Getting the Best Rate on Your Car Loan?

It’s no secret that car dealers rely on the lending community — banks and-auto industry-owned finance companies — to help close sales. What’s less well-known is how they benefit from these relationships. Many lenders allow the auto dealerships with which they partner to negotiate and document loans on their behalf. Some even let them increase… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay connected to our experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.