Car Loan

Uber goes after a billion-dollar leveraged loan

Uber needs the cash to hammer Apple’s Didi in China.

The one-or-two-billion dollar loan would come on top of a latest Saudi Arabian investment.

Americans borrow more money than ever for car purchases

• Pete Bigelow
• Feb 12, 2016

Almost $1 trillion in car loans have boosted record buying spree.

Ride-sharing options may be proliferating and the percentage of Americans obtaining drivers licenses may be declining. But for now, reports on the end of the car-ownership model are greatly exaggerated.

Auto leases soar in the third quarter

• Chris Bruce
• Dec Four, 2015

The latest financial research shows that auto leasing is on the rise, and buyers proceed to take out longer, more expensive loans.

VW will take out large $21B loan to cover scandal costs

• Chris Bruce
• Dec Four, 2015

Volkswagen will use the $21 billion loan to help pay for the upcoming costs from its diesel emissions scandal.

Ferrari borrows $Two.6 billion to finance FCA spinoff

• Noah Joseph
• Nov 30, 2015

Ferrari announced that it is borrowing over $Two.6 billion to pack its coffers and that of its soon-to-be-former parent company, FCA, as the two separate from each other.

VW lines up $21.Five billion in financing to weather crisis

• Chris Bruce
• Nov 14, 2015

Volkswagen wants $21.Five billion in loans as a short-term financial buffer to get through its emissions crisis.

Honda finance to pay $24M for discriminatory lending practices

• Noah Joseph
• Jul 15, 2015

Honda is altering its lending policies and setting up a $24-million compensation fund after the Consumer Financial Protection Bureau charged that some of its dealers have engaged in discriminatory practices.

Tesla gets $750M credit line from big banks

• Chris Bruce
• Jun 15, 2015

Tesla has received a line of credit worth up to $750 million from some of the world’s top financial instutiions, including Morgan Stanley and JPMorgan Pursue, to finance growth over the next five years.

Fresh car loans longer than ever before

• Chris Bruce
• Jun 9, 2015

Auto loans just keep reaching fresh records for their length and the amount financed, and there’s no sign of this slowing down.

Outstanding auto loans hit record high of $886 billion in two thousand fourteen

• Chris Bruce
• Feb 23, 2015

The value of outstanding auto loans reached $886 billion in 2014, which was an all-time record, according to Experian.

Are effortless car title loans hurting the poor?

• Chris Bruce
• Jan Three, 2015

Auto title loans are big business in the US, but increasingly, those institutions suggesting them are facing accusations of predatory lending. With this type of loan, people receive money in exchange for their vehicle’s title. The funds come quickly, but they can also come saddled with interest rates of over one hundred percent, along with high fees. A latest report from The Fresh York Times examines the practice to see how it is affecting low-income borrowers across the nation.

MI senator says 276% car loans are not ‘predatory’

• Chris Bruce
• Dec 12, 2014

A fight is brewing in the Michigan state legislature over whether to permit auto title loans (pictured above in California). This type of lending permits people to borrow against the value of their car while they keep driving it, but the money often comes with astronomical interest rates. Critics allege it’s a form of predatory lending, but Michigan Senate Majority Leader Randy Richardville (R-Monroe) disagrees.

Billions of dollars at stake as dealers, Feds face off over auto loan regulations

• Greg Migliore
• Oct 8, 2014

NADA Argues For Status Quo; Government Wants Tighter Rules

“Dealers have to discount those rates to be competitive. The current system saves customers money. Period.” – Forrest McConnell

72-month loans enticing consumers to buy loaded cars

• Brandon Turkus
• Oct Two, 2014

Longer loan terms and favorable interest rates are tempting consumers into pricier and more feature-laden vehicles, consequently driving average transaction prices up about three percent since 2009, according to a fresh report by Automotive News.

Late With Car Payment? The Bank Could Remotely Turn Off Your Vehicle

• AOL Autos Staff
• Sep 26, 2014

Banks can disable and track cars from afar using fresh technology

Unlike a house, where it can take months or years to evict owners behind on their payments, some subprime lenders can now simply switch off a late borrower’s car.

Car sales strong, but enlargened incentives are worrying

• Chris Bruce
• Sep Five, 2014

The auto industry in the US is doing superb in 2014. According to our latest By The Numbers report, the Seasonally Adjusted Sales Rate climbed in August to about 17.Five million units, the highest figure since 2006. However, when you scrape underneath the positive surface, the rosy situation might not be as good as it seems. There resumes to be a concern among insiders and analysts that while sales are strong now, they might not be sustainable. To keep financial results looking encouraging, some

Honda exec says US market near capacity, could hurt subprime buyers

• Chris Bruce
• Aug 21, 2014

Is there a point in the US auto industry where companies should embark considering the welfare of their customers ahead of selling more cars? American Honda Executive Vice President of Sales John Mendel thinks that level exists, and we may be getting very close to it.

Auto Finance Company Fined $Two.75M For Hurting Customers’ Credit

• AOL Autos Staff
• Aug 21, 2014

Errors were found on subprime borrowers credit reports

The auto financing company Very first Investors Financial Services Group was fined $Two.75 million on Wednesday by the Consumer Financial Protection Bureau for reporting incorrect information to credit agencies that affected thousands of customers.

Outstanding Auto Loans Total Higher Than Ever

• Autoblog Staff
• Jul 31, 2014

Auto loans in the US enlargened 10-percent from a year ago

It looks like Americans are feeling more certain about borrowing money again, at least when it comes to their cars. Credit reporting giant Equifax has released its latest National Consumer Credit Trends Report, and the data suggests that auto lending is flourishing in 2014.

Pot Tourists Dumping Stashes At Denver Airport Rental Car Agencies

• AOL Autos Staff
• Jul Legitimate, 2014

Travelers incapable to bring extra weed home ditch it before heading into the airport

Car rental agencies operating at Denver International Airport are reporting tourists with extra pot are frequently handing it off to their employees or stashing their stash in the cars before they comeback them.

Car Loan News and Information

Car Loan

Uber goes after a billion-dollar leveraged loan

Uber needs the cash to hammer Apple’s Didi in China.

The one-or-two-billion dollar loan would come on top of a latest Saudi Arabian investment.

Americans borrow more money than ever for car purchases

• Pete Bigelow
• Feb 12, 2016

Almost $1 trillion in car loans have boosted record buying spree.

Ride-sharing options may be proliferating and the percentage of Americans obtaining drivers licenses may be declining. But for now, reports on the end of the car-ownership model are greatly exaggerated.

Auto leases soar in the third quarter

• Chris Bruce
• Dec Four, 2015

The latest financial research shows that auto leasing is on the rise, and buyers proceed to take out longer, more expensive loans.

VW will take out yam-sized $21B loan to cover scandal costs

• Chris Bruce
• Dec Four, 2015

Volkswagen will use the $21 billion loan to help pay for the upcoming costs from its diesel emissions scandal.

Ferrari borrows $Two.6 billion to finance FCA spinoff

• Noah Joseph
• Nov 30, 2015

Ferrari announced that it is borrowing over $Two.6 billion to pack its coffers and that of its soon-to-be-former parent company, FCA, as the two separate from each other.

VW lines up $21.Five billion in financing to weather crisis

• Chris Bruce
• Nov 14, 2015

Volkswagen wants $21.Five billion in loans as a short-term financial buffer to get through its emissions crisis.

Honda finance to pay $24M for discriminatory lending practices

• Noah Joseph
• Jul 15, 2015

Honda is altering its lending policies and setting up a $24-million compensation fund after the Consumer Financial Protection Bureau charged that some of its dealers have engaged in discriminatory practices.

Tesla gets $750M credit line from big banks

• Chris Bruce
• Jun 15, 2015

Tesla has received a line of credit worth up to $750 million from some of the world’s top financial instutiions, including Morgan Stanley and JPMorgan Pursue, to finance growth over the next five years.

Fresh car loans longer than ever before

• Chris Bruce
• Jun 9, 2015

Auto loans just keep reaching fresh records for their length and the amount financed, and there’s no sign of this slowing down.

Outstanding auto loans hit record high of $886 billion in two thousand fourteen

• Chris Bruce
• Feb 23, 2015

The value of outstanding auto loans reached $886 billion in 2014, which was an all-time record, according to Experian.

Are effortless car title loans hurting the poor?

• Chris Bruce
• Jan Three, 2015

Auto title loans are big business in the US, but increasingly, those institutions suggesting them are facing accusations of predatory lending. With this type of loan, people receive money in exchange for their vehicle’s title. The funds come quickly, but they can also come saddled with interest rates of over one hundred percent, along with high fees. A latest report from The Fresh York Times examines the practice to see how it is affecting low-income borrowers across the nation.

MI senator says 276% car loans are not ‘predatory’

• Chris Bruce
• Dec 12, 2014

A fight is brewing in the Michigan state legislature over whether to permit auto title loans (pictured above in California). This type of lending permits people to borrow against the value of their car while they keep driving it, but the money often comes with astronomical interest rates. Critics allege it’s a form of predatory lending, but Michigan Senate Majority Leader Randy Richardville (R-Monroe) disagrees.

Billions of dollars at stake as dealers, Feds face off over auto loan regulations

• Greg Migliore
• Oct 8, 2014

NADA Argues For Status Quo; Government Wants Tighter Rules

“Dealers have to discount those rates to be competitive. The current system saves customers money. Period.” – Forrest McConnell

72-month loans enticing consumers to buy loaded cars

• Brandon Turkus
• Oct Two, 2014

Longer loan terms and favorable interest rates are tempting consumers into pricier and more feature-laden vehicles, consequently driving average transaction prices up about three percent since 2009, according to a fresh report by Automotive News.

Late With Car Payment? The Bank Could Remotely Turn Off Your Vehicle

• AOL Autos Staff
• Sep 26, 2014

Banks can disable and track cars from afar using fresh technology

Unlike a house, where it can take months or years to evict owners behind on their payments, some subprime lenders can now simply switch off a late borrower’s car.

Car sales strong, but enlargened incentives are worrying

• Chris Bruce
• Sep Five, 2014

The auto industry in the US is doing good in 2014. According to our latest By The Numbers report, the Seasonally Adjusted Sales Rate climbed in August to about 17.Five million units, the highest figure since 2006. However, when you scrape underneath the positive surface, the rosy situation might not be as good as it seems. There proceeds to be a concern among insiders and analysts that while sales are strong now, they might not be sustainable. To keep financial results looking encouraging, some

Honda exec says US market near capacity, could hurt subprime buyers

• Chris Bruce
• Aug 21, 2014

Is there a point in the US auto industry where companies should commence considering the welfare of their customers ahead of selling more cars? American Honda Executive Vice President of Sales John Mendel thinks that level exists, and we may be getting very close to it.

Auto Finance Company Fined $Two.75M For Hurting Customers’ Credit

• AOL Autos Staff
• Aug 21, 2014

Errors were found on subprime borrowers credit reports

The auto financing company Very first Investors Financial Services Group was fined $Two.75 million on Wednesday by the Consumer Financial Protection Bureau for reporting incorrect information to credit agencies that affected thousands of customers.

Outstanding Auto Loans Total Higher Than Ever

• Autoblog Staff
• Jul 31, 2014

Auto loans in the US enhanced 10-percent from a year ago

It looks like Americans are feeling more certain about borrowing money again, at least when it comes to their cars. Credit reporting giant Equifax has released its latest National Consumer Credit Trends Report, and the data suggests that auto lending is thriving in 2014.

Pot Tourists Dumping Stashes At Denver Airport Rental Car Agencies

• AOL Autos Staff
• Jul Eighteen, 2014

Travelers incapable to bring extra weed home ditch it before heading into the airport

Car rental agencies operating at Denver International Airport are reporting tourists with extra pot are frequently handing it off to their employees or stashing their stash in the cars before they comeback them.

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