CAR LOANS NEWS & INFORMATION
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Saturday, November 22, 2008
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LATEST CAR LOANS NEWS:
A compromise to speed emergency loans to Detroit’s Big Three car makers reached
WASHINGTON (AP) — Aides to a bipartisan group of auto-state senators, including Ohio Republican George Voinovich, say they have reached a compromise to speed emergency loans to Detroit’s Big Three car makers. Agencies unlikely to swap car loan Because car loans typically are not assumable, agencies are unlikely to offer a driver a swap. Finding a car loan, is it possible? For the first time American car buyers worry they may not qualify for a loan. Financial experts say it will be a while before banks offer attractive loans again. This is forcing some people to change the way they’re buying cars. Stocks reverse losses on hopes for car makers Stocks have reversed steep morning losses to push higher Thursday after aides to a bipartisan group of senators say they have reached a compromise to funnel emergency loans to Detroit's car makers. Ford 'wants 40bn euros in EU loans' for industry The Ford Motor Company logo outside a car dealership in Hudson, Wisconsin, United States, July 2008. The European Union should make around 40 billion euros (50 billion dollars) in loans available to the continent's ailing auto sector, the head of Ford Germany said in comments published Friday. November may be worse, say car firms Sales expected to dip 15% - one of the worst monthly falls. With banks refusing to reduce interest rate on auto loans, car sales are expected to fall by 15 per cent in November — one of the worst monthly falls, at least in the last four years. Sioux Falls Car Dealer Top Face Federal Fraud Charges Sioux Falls car dealer Dan Nelson, is charged with 28 federal counts of bank fraud, wire fraud and mail fraud. Authorities accuse Nelson of giving MetaBank false reports to keep his loans coming, causing the bank to lose $21 million. |







