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Newsby StaffApril 2, 2024

Car Shoppers Find Q1 Challenging

Interest rates and prices keep payments, negative-equity share high.

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Newsby StaffApril 9, 2019

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.

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NewsOctober 3, 2018

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.

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NewsNovember 10, 2016

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.

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NewsJuly 9, 2015

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.

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Articlesby Tom HudsonAugust 1, 2013

No Good Deed Goes Unpunished

Subprime loan programs with automatic interest-rate reductions are great for both dealers and their customers, but could run afoul of TILA standards.

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