Low income bad credit auto loan
Bob Serpentini is among the auto dealers in Northeast Ohio who will tell you, contrary to popular opinion fueled by the continued terrible international economic news, that it is still easy for most people to borrow money to buy a car.
Credit crunch hasn t hit area car dealers yet (West Salem Coulee News)
Local auto dealers say that Coulee Region customers have not faced insurmountable hurdles in qualifying for new car loans and that new car sales have not dropped off drastically.
Regions Bank Lowers Rates, Cuts Auto Loans (CBS 42 Birmingham)
Regions Bank cut its prime rate by a half-point on Thursday to 4.5%. That rate is the standard used for most loans and credit lines.
The Auto Credit Crisis: It’s Real (Muzi)
While Ed Wallace claims in his Oct. 8 column that there is no auto credit crisis (BusinessWeek.com, 10/7/08), I invite him to actually talk with any of the thousands of customers who couldn’t secure adequate financing on a new vehicle purchase this past month.
Will Washington Auto Loans Stall Out? (Forbes)
GM might not qualify for the $25 billion loan pot.
Auto industry slows in dull economy (KXAN 36 Austin)
AUSTIN, Texas (KXAN) — The auto industry is among the industries hardest hit by the sluggish economy. Sales plunged last month partly because credit is so tight that many potential buyers can no longer get loans. That is having a disastrous effect on this country’s car dealers.
Children’s loans burden parents with new bailout (The Tennessean)
As Washington unfurls its financial-market rescue, more families are weighing private bailouts of their own of young-adult children burdened by debt.
