Cash for Clunkers: Big Pain in the…
Tuesday, July 28th, 2009The 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.
Posts Tagged ‘automotive news’
Update on Cash for Clunkers Released Today
Tuesday, July 14th, 2009We 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 [...]
Prestige Gives Auto Loans to More People
Thursday, June 4th, 2009As of June 1st, Prestige Financial Services is once again lending for people that have discharged bankruptcies and even for select applicants that have
GM to File for Bankruptcy
Saturday, May 30th, 2009According to several sources, General Motors will be filing for Chapter 11 Bankruptcy as soon as Monday, June 1st, 2009
Buy a New Car, Lose Your Job, Who Cares?
Saturday, May 30th, 2009It seems like every vehicle manufacturer is now offering insurance against losing your job if you buy a new car. First, Hyundai offered the ability to give your car back to the dealer/bank if you lost your job. Then, once other manufacturers say how much the gimmick boosted sales, they modified the terms for the [...]
Ford Motor Company in the News
Friday, May 8th, 2009Ford Motor Company is getting more and more publicity for being the strongest of the American auto makers. Check out this video.
GM to Close Thousands of Dealerships
Tuesday, April 28th, 2009Lots of employees at GM Dealers are looking for work as GM gets ready to close the doors on thousands of dealerships.
MILES Program to Discontinue Lending to E-1
Thursday, March 26th, 2009The MILES Program did not always lend money to all ranks of active duty military. If you are in the Army or Marines, MILES would would require a rank of E-2 before they would approve an auto loan for you
Violence Between Repo Men and Car “Owners” on the Rise
Friday, February 27th, 2009Violence between repo men, car owners on the rise
Check out this article in Yahoo News. There is some very good information here on the state of our economy, and the desperation of some borrowers that cannot pay their bills anymore.Being a repo man is a very difficult job, but if you can handle the dangers, [...]
What does Obama’s new stimulus plan mean to you?
Tuesday, February 17th, 2009If you are going to buy a new car, the sales tax you pay will be completely deductible from your gross income. That is, if you bought the car after he signed the bill. If you bought a car yesterday, you do not get the same tax benefits. Sales tax from major purchases has only [...]