GM Reinstitutes Zero-Percent Financing

GM Reinstitutes Zero-Percent Financing on Select Models to Better Compete DETROIT — A General Motors spokesperson told SubPrime Auto Finance News this morning that the automaker kicked off a 72-Hour Sale today that features zero-percent financing for up to 72 months on select 2008 models. This offer is only available for ...

We Turn Auto Notes into cash

According to the Federal Reserve, consumer credit increased

WASHINGTON, D.C. — According to the Federal Reserve, consumer credit increased at an annual rate of 7.5 percent in November. Meanwhile, revolving credit increased at an annual rate of 11.25 percent and non-revolving credit increased at an annual rate of 5 percent. More specifically, the average interest rate for new-car loans at auto finance companies averaged 4.20 percent in November, compared to 4.11 percent in October and 4.48 percent in September. As for median maturity at auto finance companies, it came in at 63.1 months in November, as opposed to 63.7 percent in October and 62.9 percent in September. The average maturity appears to be creeping up from its most recent low of 59.2 percent in the second quarter. Continuing on, the loan-to-value metric was 95 in November, compared with 95 in October and 96 in September.Additionally, the average amount financed was $29,419 for November, down slightly from $30,738 in October, but up from $28,908 in September. Finally, looking at the average interest rate for a 48-month new-car loan at commercial banks, the Federal Reserve found it was 8.41 percent in November. The last available statistic was in the third quarter, when the median interest rate was 7.82 percent. In the second quarter, the average APR was 7.92 percent

http://autobulk.com

Looking for Buy Here Pay Here Information

Need a new or newer car? But your credit has seen better days. Maybe you need a buy here pay here dealer to help you.

Try this site http://buy-here-pay-here-dealers.com