Auto Finance

What you will need to know about financing a vehicle purchase

No evidence now of subprime auto lending bubble, Equifax says
September 2, 2014

No evidence now of subprime auto lending bubble, Equifax says

Subprime auto lending is not a bubble in danger of bursting like the subprime mortgage lending bubble that set off The Great Recession, despite predictions to the contrary, said a white paper by one of the Big Three credit bureaus….

Auto loans set record as Americans borrow to pay for new vehicles
July 30, 2014

Auto loans set record as Americans borrow to pay for new vehicles

More Americans owed more money on their vehicles than ever before – more than $902 billion almost midway through 2014 – but fewer are delinquent in making their payments, reports Equifax, the consumer data collection company. That total represents an…

How to buy a new car with bad credit
July 10, 2014

How to buy a new car with bad credit

Buying a new car with bad credit isn’t the easiest thing you’ll ever do. Then, again, it’s not impossible, either. “It’s possible to buy a new car with bad credit if you know where to look and how to prepare,” says Edmunds.com…

Few consumer complaints are about auto loans and leases
April 11, 2014

Few consumer complaints are about auto loans and leases

More than 40,000 consumer complaints were filed within the first two months of 2014, according to the Consumer Financial Protection Bureau (CFPB), record numbers for any one or two-month period during the bureau’s almost three-year lifespan. But if last year’s…

Auto loans their highest in five years, Equifax reports
February 4, 2014

Auto loans their highest in five years, Equifax reports

Outstanding auto loans ($859.6 billion) and the total number of existing loans (62.3 million) in December were the highest in more than five years, according to the latest Equifax National Consumer Credit Trends Report. That means automobile lending “continues to…

How online car loans work at Santander Consumer USA
December 19, 2013

How online car loans work at Santander Consumer USA

An online car loan works a lot like any other financing – except that it’s faster than more traditional methods and puts you in control of the process. Santander Consumer USA and its RoadLoans brand have pioneered online car loans…