Auto Budget 2017: What to expect for the automobile industry

Lower Interest Rates – The industry expects the government to lower the interest rates on auto loans for passenger as well as commercial vehicles.

AutoGravity Wants to Transform Auto Financing and its Available Now on Your Smartphone

Fintech firm AutoGravity launched its auto finance platform today allowing consumers the ability to access auto loans from across 46 different states.

Used Ford Mustang And F-150 Values To Drop After 2016 Sales Hangover

These institutions back auto loans and leases on the presumption that the leased vehicles will be able to be sold for a set price once the car is returned.

Wells Fargo 4Q Auto Originations Decline 15% YoY

Wells Fargo Dealer Services originated $6.4 billion in consumer auto loans in the fourth quarter, which is a 15% drop compared to the same period last year, and a 21% decline from the third quarter, the company disclosed in its earning report.

Moodys Performance of assets in Japans securitization market will be stable with defaults to stay low in 2017

In particular, we expect default rates for auto loans, installment sales receivables and credit card receivables backing Japanese ABS to remain at around current low levels in 2017, supported by strong job market conditions and moderate economic growth.

5 Best and Worst Ways to Leverage Your Home Equity

You shouldn't use home equity to pay for depreciating assets like cars, which begin losing value the moment you buy them. Don't be tempted if a home equity loan or HELOC has a lower interest rate than a traditional auto loan.

What 2017 may mean for your personal finances | Business …

It's been a tumultuous 2016 – both financially and politically. The year may have left some people wondering, what's next?

CFPB unveils Consumer Credit Trends web-based tool

The tool, which was released in beta version, tracks originations for mortgages, credit cards, auto loans, and student loans.

Robbins Arroyo LLP: Ally Financial Inc. (ALLY) Misled Shareholders According to a Recently Filed Class Action

Specifically, the complaint alleges that Ally officials failed to disclose: (1) the severity of rising subprime auto loan delinquency rates; (2) deficient underwriting measures employed in the origination of its subprime auto loans; and (3) aggressive

Lenders offer deals for car loans as the holidays near

Other banks and lending institutions also have been pushing auto loans. Ivan Drury, a senior analyst at, said lots of financing deals are available right now – such as Chrysler offering zero percent financing for seven years – and that