Joe Overby, Senior Editor

The car buyer has just about finished the transaction at the dealership. He or she has researched and researched before heading to the dealership; found the right car, test-drove it and came to an agreement on price with the salesperson. “What happens is, after kind of what oftentimes is a long drawn-out... Read More

15 models with monthly payments less than $200

AuSM Staff

Wantalease.com highlighted on Thursday that there currently are 15 vehicles offered for a monthly payment of $199 or less; and three models where the monthly commitment is below $150. Boasting the lowest monthly payment on the site is the Nissan Sentra SV, which site officials pegged the obligation at $109 per... Read More

AuSM Staff

It appears consumers’ desire for a luxury model and their financial capacity to take over a lease didn’t mesh together well last month. Swapalease.com reported on Tuesday that vehicle lease credit applicants registered just a 48.1 percent approval rate during May, the lowest approval rate tracked by the... Read More

AuSM Staff

NextGear Capital and Ready Logistics have partnered to develop a transportation financing solution designed to help independent dealers free up cash flow and simplify their business operations, the two Cox Automotive brands recently announced. The new transportation financing solution allows clients of... Read More

AuSM Staff

White Clarke Group recently announced the appointment of David Slider as the new group executive vice president. With more than 30 years of leadership in the auto finance industry, Slider joins the White Clarke Group leadership team to champion global client development, execute strategic acquisitions and partnerships,... Read More

AuSM Staff

The latest monthly complaint report shared by the Consumer Financial Protection Bureau highlighted complaints submitted by older consumers, but problems with auto financing and related products weren’t specifically mentioned. Of the 1,163,200 complaints the bureau has handled since it began accepting complaints in... Read More

Biggest factors at play in auto finance

Joe Overby, Senior Editor

Used-car buyers are shelling out close to 4-percent more money on their down payment than they were a year ago, according to data released Friday by Edmunds. And their down payments — which averaged $2,529 in May — are more than 12 percent higher than five years ago. Those numbers are even more pronounced... Read More

AuSM Staff

Remember 1991? The Gulf War intensified. Then-Arkansas Gov. Bill Clinton began his trek to the White House and the Dow Jones Industrial Average closed above 3,000 for the first time. Fast forward 26 years and the Middle East remains unsettled, Hillary Clinton missed on her second attempt at the presidency and the... Read More

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