Car Loans for Bad Credit : Apply Today, Drive Today!

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 [...]

President Obama signed the long awaited Cash for Clunkers program, and it is scheduled to take effect August 1st, 2009. The Cash for Clunkers program is now called the Car Allowance Rebate System, or CARS, and is designed to both help the environment and stimulate the auto industry.
Through the program, consumers can

As of June 1st, Prestige Financial Services is once again lending for people that have discharged bankruptcies and even for select applicants that have

http://money.cnn.com/2009/05/05/news/companies/cash_for_clunkers/index.htm?postversion=2009050518
Cash for clunkers’ program gets a makeover – May. 5, 2009
WASHINGTON (CNNMoney.com) — The Obama administration has signaled its support for a congressional effort that aims to boost the troubled car industry by subsidizing new cars sales for consumers who scrap old ones.

Fireside has become the next victim of the economy. It is too bad because just recently they had changed their lending structure to a more dealer friendly model

How does the current financial market affect you if you are looking for an auto loan? If you have good credit, it might only affect you if you have negative equity in your trade. If you do not have perfect credit, you can count on probably having to prove your income.

What does 2009 mean for the American auto industry? Ford, GM and Chrysler will emerge as much stronger companies…if they survive.

Wells Fargo pulls out of dealership auto lending. What does this signal for the future of one of the nations largest banks?

I saw the melt down in Detroit coming years ago. I think it was 2005 that I read an article that pointed out that GM had to spend around $2000 on every vehicle sold just to pay for the pensions and benefits of retirees. GM sold a lot more cars in 2005, and they have more retirees today. Is GM selling half the vehicles today? Wouldn’t that mean that they have to calculate closer to $4000 per vehicle for those expenses?

Do you ever wonder why most people that have monthly payments on their car owe more money on their car than a dealership would give them for trade-in? Or why they owe more money than an insurance company would give them if they totaled the car?
Here are the two reasons:
1. Low Down Payment.
2. Low Monthly [...]