Last week, GMAC turned its newfound bravado (thanks to we taxpayers!) into a teaser zero percent loan programs which ended yesterday. It was for a limited number of models. But more importantly, it is now loaning at rates as low as .9% on about 3 dozen other models to those with credit scores as low […]
Category Archive for 'Financing'
Jackson Points to Domestic Recession
Posted in Financing on May 1st, 2008
Mike Jackson, CEO of AutoNation, once again appeared on CNBC this morning. Of all of talking heads, he seemed to make the most sense with his comments on the Q1 Advance GDP number of .6 up. Jackson cut through the +5.5 exports number and said that we are in a domestic recession which all the […]
Loan Variations
Posted in Financing on Mar 17th, 2008
The loan you qualify for today might be out of reach on Tuesday. So says Stephen Bernard, Associated Press. Well, Happy St. Paddy’s Day to you too! Because of the delinquencies and defaults in the mortgage market, bankers and lenders are rapidly changing their standards for all types of loans including auto. Changes include raising […]