Smart Borrower Blog

Archive for the ‘Used Car Loans’ Category

Auto Loans Still Hard to Come By

Even though many banks receiving federal bailout money promised to make more money available for auto loans, it appears that not much has changed lately in terms of how hard it is to get car financing. For example, a recent CNN article reported that GMAC bank announced plans last December to earmark $5 billion for new car loans that could be offered to even to those with low credit ratings. So far, the company has only made $3.4 billion in loans during the first quarter and many auto dealers say very few of those are being made to those with... more »

Used Car Loan Legislation May Hurt Dealerships

In an interesting article on the News and Record of Greensboro, North Carolina, website, there is discussion on used car loans in financing.   Right now, with the way the economy is, getting a loan of any kind can be a tough proposition.   Getting a used car loans can be a nightmare experience. You have no way of knowing , really, if the deal that you’re getting on a car loan is the best that you can get.   Used car dealers shop loans for new and used cars to a variety of banks on a regular basis.  ... more »