Auto loan for bad credit
The era of easy auto loans is skidding to a halt. Mortgages were among the first consumer products to be hit by the credit-market freeze. Now car loans and leases are drying up as dealers, auto-finance companies and other lenders are having trouble finding money to lend to car buyers.
Moody’s lowers ratings outlook on Advance Auto (AP via Yahoo! Finance)
Credit ratings agency Moody’s Investors Service cut its rating outlook on Advance Auto Parts Inc., saying improvement at the auto parts retailer is slowing and its sales environment will continue to remain difficult.
Engler urges White House to quickly approve auto loans (Detroit News)
DETROIT — Former Michigan Gov. John Engler today called on the White House to intervene to ensure that the Energy Department quickly moves to grant $25 billion in government-issued low-cost loans to automakers by the end of January.
Engler: U.S. shouldn’t delay auto loans (Detroit Free Press)
Top-level White House officials should push hard, using emergency measures if needed, to make sure that $25 billion in low-cost loans start flowing to U.S. automakers before the George W. Bush administration leaves office, former Michigan Gov. John Engler said in a speech today at the Detroit Economic Club.
AIG May Sell Hawaii Unit to Pay Federal Loan (Insurance Journal)
American International Group Inc. may sell its AIG Hawaii unit to pay off an emergency $85 billion federal loan. The local unit is part of the AIG Personal Auto Group, which the New York-based insurer
SANTA FE AUTO SALES: Moving slowly, but moving (Santa Fe New Mexican)
Photo: Performance Buick-Pontiac-GMC has felt a pinch in sales, says sales manager Greg Hastings. Overall, though, Santa Fe auto dealers are doing better than their counterparts in much of the country.
