Latest Car loan and car finance News 
First increase in dealer finance provided to consumers for new cars in over a year
Sales of new cars bought by consumers using dealer finance have grown for the first time since July 2008, according to figures published by the Finance & Leasing Association (FLA). In August, the number of new cars sold with dealer finance to consumers increased by 4% compared with the same month last year (see table below). While this is welcome, a recent survey of FLA members confirmed that the high cost and restricted availability of wholes... [more]
Honda CR-V sales are bucking the trend
Honda's CR-V sales are up 48 per cent on its nearest competitor, proving the British-built model is still capable of bucking the trend three-years after it was launched. This year, 6,531 units of the CR-V have been sold, boosted by a range of finance packages and a complimentary redundancy payment protection plan that provides added security for customers. Honda is offering an array of finance options including 0% APR, low deposit and low m... [more]
Few weeks remaining to take advantage of Honda great spring offers
Whether commuting, leisure riding or experiencing a great motorcycle adventure, bikes offer a convenient, fun and cost-effective way of getting around. With great affordable finance and free accessory offers, now is the time to get on to two-wheels with Honda. There are just a few weeks remaining to take advantage of Honda (UK)’s great spring offers on a range of its acclaimed motorcycle models, from superb 0% and affordable finance deals acro... [more]
Gangs looking to launder money or forged cheques are targeting vehicle owners
Out of 52 UK police forces 32 recently revealed figures for fraud crimes and of those, at least 22 police forces across the UK have reported an increase in offences involving counterfeit cash and bankers drafts in the last year. Anti-car crime experts believe car sellers are at greater risk of being duped because of the high values involved. "Next to buying a house a car is usually the largest purchase most people make," said Darren Gross, Com... [more]
Crack down on car finance fraud
Members of the Finance and Leasing Association - who provide car finance to consumers - reported that 10,500 fraudulent motor finance agreements were caught by screening processes at the application stage in 2008. These agreements, if approved, would have resulted in loans worth £123,423,000 being granted to fraudsters. A crack down on car finance fraud last year saved the motor finance industry £123 million. Finance companies' efforts to com... [more]
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Car loan and car finance in the news
Price shouldn’t drive car buying (Everett Herald)
Car buyers often focus on haggling down a dealer’s offer toward invoice price. That’s OK, but often that’s not where the real money is, says a former car dealer in his new book.
Car sales at record high in February (The Economic Times)
Car sales at record high in FebruaryCar sales at record high in February
Avoid car-buying traps (Chicago Tribune)
Car buyers often focus on haggling down a dearler's offer toward invoice price. That's OK, but often that's not where the real money is. Instead, focus on other components such as loans and trade-ins.
Lending growth slows in January as firms borrow less (GMANews.TV via Yahoo! Philippines News)
Lending growth eased in January due to a slowdown in company loans, even as consumers borrowed more from banks to finance their car and credit card purchases.
When money runs out, prioritize your debts to hold on to what matters most (New York Daily News)
If you'd asked me a few years ago how to prioritize your bills when there isn't enough money to go around, I'd have given you a set formula to follow: Necessities - mortgage, essential utilities and secured debts like a car loan - come first, followed by.
Banks hike loan rates to deter borrowing (Gulf Times)
Banks have massively hiked interest rates on personal loans during the slump, raising the cost of finance for cars, sofas, and other major purchases by hundreds of pounds, new research for The Independent revealed yesterday.
Legally Speaking: Buying a Car (The Langley Air Force Base Fighter)
As Americans, we take great pride in our cars and value the independence they provide to us; however, attorneys who work in the Langley Legal Office see numerous clients who find themselves trapped by a used-car purchase.
You Can Buy a Car With Bad Credit! (Black Voices)
Filed under: General News Creditors are camping out on your doorstep. You break out in a cold sweat every time the phone rings. Macy's, Visa, Shell are all vying for your first born! Why? "Ya got bad credit, man!" But you still need a car, how in the heck do you make it happen? Car, plus bad credit, equals bus pass! Right? Wrong. Believe it or not, you still might be able to purchase that ...
Loans available, but not easy to get (The Myrtle Beach Sun News)
Consumers looking to finance a car, buy a house or expand a small business won't see loan requirements get any easier in 2010, but bankers insist that they are willing to lend to those that can prove their ability to repay loans.
Keep the Loan Process Smooth to Finance Your Fort Lauderdale Real Estate (Turks.US)
When financing for a Fort Lauderdale real estate property, no buyer wants hang-ups. As much as possible, they want the loan process to run smoothly. Unfortunately, problems relating to loan application and processing are often the buyer’s fault.
