Tag Search Result

APR

Auto Loan Interest Rates Hit 10-Year 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.

Read more

Edmunds: Auto Loan Interest Rates Climb Back to Pre-Recession Levels

With September in the books, Edmunds reported this week that interest rates have stayed above 5% for eight months in a row and now mirror levels not seen since before the Great Recession.

South Dakota Voters Approve 36% APR Cap on Short-Term Loans

South Dakota voters 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.

Ally to Offer APR, FICO Score and Secure Email for Auto Consumers

Starting July 19, Ally will offer customers direct access to their FICO Scores and APR within their online accounts. The finance source has also launched a secure email feature on its site to help customers send and receive account information and documentation.

Navy Federal Offering Low Rates to Military Personnel

For military personnel and their families, Navy Federal Credit Union offers low rates for auto loans.

Navy Federal Lowers 36-Month Auto Loan Rate

Navy Federal Credit Union announced that it has lowered its 36-month new auto loan rate to an APR as low as 1.79 percent. It plans to maintain this rate, along with its 1.99 percent new auto rate for loans of up to 60 months.

Edmunds.com: APRs Hit an All-Time Low in December 2010

December car buyers enjoyed the lowest-ever annual percentage rates (APRs) on their auto loans, according to data gathered by Edmunds.com.

Tackling Adverse Action Notices

Compliance expert explains what situations require dealers to send adverse action notices to consumers.

Keys to F&I Product Sales

Building customer rapport, tailoring a menu to the customer’s needs, and not using hard-sell tactics are definitely three keys to successful F&I product sales. But in today’s dismal setting, the sales department really needs to be part of the equation.

Read more

Leasing in the Wake of Zero Percent Finance

What can be done for prospective buyers who can’t take advantage of the financing incentives?

a Bobit media brand

Create your free Bobit Connect account to bookmark content.

The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!

Create Account