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Archive for the ‘news’ Category

End of Year Car Buying

Saturday, December 26th, 2009

If you have waited until the end of the year to buy a car, you did yourself a huge favor.
Dealer and Manufacturer incentives are at levels we have not seen for quite some time as dealers look for end of year sales to boost their numbers. Even lenders are getting more aggressive so they can [...]

Vehicle Purchases are Subject to Lender Approval

Friday, October 30th, 2009

Every state has its own laws regarding vehicle purchases. However, one thing remains constant. Any dealer that you might consider buying a car through will have a provision on their purchase order, on their contract, or in an addendum to the contract and purchase order that basically says the purchase is only valid if they [...]

Auto Lenders Start to Loosen Lending Standards

Wednesday, September 30th, 2009

Is the worst of the financial crisis behind us? Well, I was skeptical, but now I am starting to believe.
Several auto lenders have recently announced friendlier loan guidelines, or they plan to by the first of the year. Lower interest rates, higher loan advances, lower acquisition fees. Slowly but surely, things are looking better.
As auto [...]

Consumer Protection for Auto Lending – Bad Idea

Sunday, September 27th, 2009

If you do not have perfect credit, you need to read this article.
The government is considering creating a consumer protection agency that would seek to regulate lending for car loans, home loans, credit cards, and so on.
Some of the ideas sound great, in theory. Lower interest rates on auto loans and credit cards, sure. Who [...]

Gas Prices in 2009 Mean Increased Auto Lending

Saturday, August 22nd, 2009

The last few weeks of summer usually signal the highest gas prices of the year.  Luckily, we still have not come close to the $5 per gallon we saw in 2008.

New 2010 Taurus First Impressions

Saturday, August 22nd, 2009

I had the chance to look at a new 2010 Taurus yesterday. I was surprised with how refined the new Ford Taurus is. It feels like a full size import. The cockpit fills sleek and classy. This is the car Ford should have build 10-years ago. This first video highlights the new features:

The video below [...]

What do YOU think of Cash for Clunkers 2.0?

Saturday, August 8th, 2009

It seems that the government is going to increase CARS (Cash for Clunkers) allocation from $1 billion to $3 billion. With the speed that people have gone through the first billion, the government believes that passing the additional $2 billion will have the same affect on auto sales. As someone that works at a new [...]

Is Cash for Clunkers Out of Money?

Friday, July 31st, 2009

All the news channels have been happy to report that Cash for Clunkers money is already gone. Is it true? The answer is, “Sort of”.
The government has not paid out all that money…yet. In fact, the government has probably paid out very little of the $1 billion. Dealers were not able to

Cash for Clunkers: Big Pain in the…

Tuesday, July 28th, 2009

The Cash for Clunkers (or CARS) Program has taken off, but there are some things about it you NEED to know before you go pick out your new car.

Update on Cash for Clunkers Released Today

Tuesday, July 14th, 2009

We found out today that the final details for the Cash for Clunkers program (also called the CARS Program) will be released on July 24th.
I am sure you have seen dealers already advertising that they want you to bring in your “clunker” to be traded in. The thing is, the government has not paid the [...]

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