Car Shoppers Find Q1 Challenging
Interest rates and prices keep payments, negative-equity share high.
Interest rates and prices keep payments, negative-equity share high.
Edmunds says the average APR for a U.S. new-vehicle loan was 6.36% in March, putting dealers and consumers on the cusp of a ‘dramatic shift’ toward the used-car market.
SIOUX FALL, S.D. — Voters there approved an initiated measure aimed at capping interest rates on short-term loans in the state. Included in the cap are all charges for ancillary products and any other fees included in the extension of credit. Initiated Measure 21, which was passed last Tuesday by 75.6% of voters, places a ... Read More »
MIAMI — Ally announced yesterday at the National Association of Minority Automotive Dealers (NAMAD) annual convention that, starting July 19, it will add customers’ annual percentage rate (APR) to their online account profiles. The finance source will provide customers with their FICO Score and has launched a secure email feature on its site to help ... Read More »
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