Used Auto Loan

Fitch: U.S. Auto ABS Finishes 2011 Positively

Losses fell for both prime and subprime U.S. auto loan ABS last month, and the first half of 2012 augurs for more of the same, according to the latest index results from Fitch Rati

Fitch Expects to Rate CarMax Auto Owner Trust 2012-1; Presale Issued

Fitch Ratings expects to rate CarMax Auto Owner Trust 2012-1 as follows:

Auto Loans in 30 Seconds Drive Accelerating Vehicle Sales: Cars

Three years ago, credit was so tight that the owner of a legal firm with a $400,000 salary and a very good credit score of more than 700 couldn’t get financed to buy the car he wanted from Michael Mosser’s dealership.

New truck loan means big debt

Q. I have two credit cards each at 13.99 percent, totaling $9,100 of debt. I also own my truck outright. It is valued at $11,000. I make $400 in total payments to my credit cards per month. My idea is to sell my truck, pay off the credit cards and buy a used vehicle for around $15,000. This would be lower than what I currently pay to my credit cards. I understand this will increase my total debt ...

Used car dealers face nearly 150 fraud charges

A joint investigation into two used car dealerships in Windsor, Ont. has concluded with three auto dealers facing 146 fraud charges.

Bush on auto bailouts: I'd do it again

Former President George W. Bush defended his decision to bailout General Motors Corp. and Chrysler Group LLC in the waning days of his administration.

myAutoloan.com® Issued 3rd U. S. Patent for Lending Platform

myAutoloan.com® Issued 3rd U. S. Patent for Lending Platform myAutoloan.com®, an online auto loan finance company continues to expand its lending capabilities and has been awarded its third patent, No. 8,095,458, for its lending technology known as Preferred Placement® myAutoloan.com, an online auto finance company, has been awarded its third patent from the US Patent and Trademark Office of the ...