Page 2 - Auto Financing News Today

The average car loan in the U.S. right now carries a 72-month term, which could be a good thing for buyers.

For the full year 2020-21, net profit dropped 16 per cent to Rs 4,420 crore as against Rs 5,264 crore in 2019-20. Total income during the year, however, rose 1 per cent to Rs 26,683 crore as against Rs 26,385 crore.

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Buried deep in Deloitte’s recent 2021 Global Automotive Consumer Study, lost amongst all the seemingly more pertinent factoids about low rates and the increasing prevalence of using a mobile app on a phone to complete financial negotiations, is the news that 35 per cent of Canadian do not research their auto financing at all. In fact, three times as many Canadians didn’t do any research into their financial options as those who spent three to five hours learning the difference between effe...

Auto loan refinancing startup MotoRefi said millions of consumers can now more easily access its site through partner platforms connected by a new API.

A Long Road to a Faster Lane? Zeenat Chaudhary on how the automotive industry will fare in these uncertain times. Ever since Karl Benz invented the world’s first motor car in 1886 – the Benz Patent-Motorwagen – the automotive industry has come a long way. From hi-tech Hondas and Chryslers to electric Teslas and Nios, the global industry contributes roughly three percent to all GDP output. Due to the pandemic, however, worldwide car sales have taken a hit and are expected to fall from $74....

(Representative image) CHENNAI: Cheaper loans, aggressive options from public sector banks and a general reluctance to use cash for cars has led to an increase in auto financing penetration in passenger vehicles from 75% at the beginning of 2020 to around 80% now. Auto financiers and dealers say the current buzz is led by the aggression of PSU lenders, which are offering rates lower than private financiers. However the uptick is restricted only to passenger vehicles and not two-wheelers and co...

Mortgage payments and auto financing. also, the dollar would change and oil is priced in dollars. if dollars go down, price of oil goes up. its already $110 a barrel. so we would see the gas prices go up. and there is a great fear because government has never done this before. that the u.s. government would no longer be seen as safe haven. and that china and the other countries pick up 50% of our debt would start getting it from other places. they would sell it. if that happens, again credit car...

It looks like some of the original shareholders could get money back from this thing at the end of the day. again, didnt street it up evenly. if you worry about the auto financing, deal with that, bail that out. didnt happen that way. thats what well get stuck with. >> neil: i dont want to replay this, by weeks end we learned about lehman brothers, a lot their executives knew they werent sharing. that is a firm we didnt bail out but there were others we did that were finding out stuff. the bette...