E-NEWSLETTER

VINtek, a provider of automotive collateral management and direct auto finance services for automotive finance lenders, launched www.taxandtags.com, an interactive, real-time tax, tag and title fee calculator for dealers and lenders.

Tags: amount financed, tax and title fees, VINtek

Credit extended to consumers in January rose for the first time since July 2008, according to the Federal Reserve’s monthly report, providing further evidence that both lenders and consumers are feeling better than they did a year ago.

Tags: amount financed, consumer credit, Federal Reserve, interest rate, loan-to-ratio

Consumer credit dropped 8.5 percent in November 2009, the lowest figure of the year, according to the Federal Reserve’s monthly report.

Tags: amount financed, consumer credit, Federal Reserve, interest rate, LOAN TERM, loan-to-value ratio

Consumer credit decreased at an annual rate of 3.3 percent in the third quarter and continued to decline in October, according to the Federal Reserve’s monthly report.

Tags: amount financed, consumer credit, Federal Reserve, interest rate, LOAN TERM, loan-to-value

Consumer credit patterns returned to their status quo in September, with interest rates, loan terms and loan-to-value ratios reverting to their pre-Cash for Clunkers (C4C) levels, according to the Federal Reserve’s monthly report.

Tags: amount financed, Cash for Clunkers program, Federal Reserve, interest rate, loan terms, loan-to-value

Evidence of the Cash for Clunkers (C4C) program’s impact on consumer credit were revealed in the Federal Reserve’s August report, which showed marked declines in loan-to-value ratios and the amount financed.

Tags: amount financed, Cash for Clunkers program, interest rates, loan-to-value ratio

The average interest rate for new-car loans rose slightly in April, while the amount financed increased, according to the latest Federal Reserve Statistical Report.

Tags: amount financed, average term, Federal Reserve, interest rate, loan-to-value

A legislative proposal heard this week by a U.S. House of Representatives subcommittee directs the Federal Trade Commission (FTC) to issue new rules that would have significant ramifications for the auto finance industry, says the chief federal government affairs official for the American Financial Services Association (AFSA).

Tags: AFSA, amount financed, annual percentage rate, auto finance, interest rate

The average interest rate for new-car loans continued to drop in March, while the amount financed increased, according to the latest Federal Reserve Statistical Report.

Tags: amount financed, average interest rate, average term, Federal Reserve, loan-to-value

The average interest rate for new-car loans dropped sharply in February, while the amount financed increased, according to the latest Federal Reserve Statistical Report.

Tags: amount financed, average term, Federal Reserve, interest rate, loan-to-value

The average amount financed on U.S. new-vehicle purchases increased in January 2009, according to the latest Federal Reserve Statistical Release.

Tags: amount financed, Federal Reserve, interest rate, loan-to-value

The average amount financed on U.S. new-vehicle purchases continued to decline in December 2008, according to the latest Federal Reserve Statistical Release.

Tags: amount financed, Federal Reserve, interest rate, loan-to-value

The average amount financed on U.S. new-vehicle purchases declined in October to $25,391, according to the latest Federal Reserve Statistical Release.

Tags: amount financed, Federal Reserve, interest rate, loan-to-value