Auto loan for people with poor credit
The worsening credit crunch has automobile dealers scrambling to find loans for their customers, and some banks that offer auto credit are basing loan decisions on the size of the vehicle and its fuel economy, dealers say.
Bush signs $25B auto loan bill (Detroit News)
President Bush signed a $634 billion spending bill Tuesday that includes funding for $25 billion in low-cost government loans for the auto industry.
President Bush Signs Bill Providing Auto Industry With Loans (Bloomberg)
Sept. 30 (Bloomberg) — President George W. Bush signed into law today legislation providing the auto industry with $25 billion in federal loans, lifting an offshore oil-drilling ban and funding the government until the next administration.
Analysts say auto industry loans must come quickly (WOOD TV 8 Grand Rapids)
DETROIT — If credit remains locked up and auto sales continue to slump, the federal government’s $25 billion loan package for the auto industry could be a huge help in keeping…
Analysts say auto industry loans must come quickly (El Paso Times)
DETROIT — If credit remains locked up and auto sales continue to slump, the federal government’s $25 billion loan package for the auto industry could be a huge help in keeping Detroit’s downtrodden automakers afloat, lawmakers and industry analysts said.
