Showing posts with label car. Show all posts
Showing posts with label car. Show all posts
Wednesday, October 9, 2013
Automaker Relying More on Subprime Loans
"[GM] is relying increasingly on subprime loans [to have their cars financed], 10-Q financial reports show." If your FICO score is close to or below 660, be cautious about what you're buying and your loan agreement. We've seen this story play out before and the individual doesn't win when the market tanks. Be money conscious and contact each of the credit rating agencies (Experian, TransUnion and Equifax) for a free copy of your credit report. You may also contact freecreditreport.com for a report, but it's only free if you cancel before the 7-day free trial ends. Otherwise, you're charged $19.99 monthly
Tuesday, October 8, 2013
US Car Sales Growth May Continue Through 2014
Car sales have started to improve. Estimations expect this to continue through 2014 due to the age of the average car on the road being about 11.4 years old and about 500,000 more car leases set to expire this year over last. If you're in the market for a new car/new-to-you car or will be, pay attention and prepare yourself to make the right decision for your finances.
Subscribe to:
Posts (Atom)