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Students Getting Deals on Toyotas

Posted by Whit Newton on March 12, 2012 at 2:05 PM Comments comments (0)

College students often have a tough road to hoe when it comes to getting around in reliable transportation. After all, a good number of students are so broke that their college years are often later fondly looked back upon as being the period of the Top Ramen.

 

However, there is some good news for students in Alabama, Florida, Georgia, North Carolina, and South Carolina, for Southeas...

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New Safety Tech Trickles Down Through Car Market

Posted by Whit Newton on February 1, 2012 at 11:10 PM Comments comments (0)

New safety technology takes at least 30 years to reach 95% of the vehicles being driven. The final 5% often takes many more decades to be reached by new safety features due to the resistance of some to finally sell a beloved vehicle.

 


These new features start at the top of the market in the more expensive vehicles and onl...

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Hartford Enters Pay-As-You-Drive Insurance Market

Posted by Whit Newton on December 16, 2011 at 11:00 PM Comments comments (0)

Hartford Financial Services Group Inc. plans to launch a pilot program in 2012 to base premiums on onboard telematics. The program will bring Hartford in line with other insurance companies like Progressive, State Farm, and Allstate.

 

The program will be called True Lane and will roll out  ''in the first half of 2012,'' according to Andy Napoli, the president of Hartford’s consumer markets division. This move may help Hartford better compete with Progressive, the ...

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Auto Finance Company Uses Sex Scandal as Leverage For Collections

Posted by Whit Newton on December 12, 2011 at 11:55 PM Comments comments (0)

When a Chicago man fell behind on his car payments his lender allegedly took the extreme measure of trying to ruin his marriage by leaving a message naming a possible girlfriend.

 

Larnell Pillow has filed suit against Prestige Financial Corp of Salt Lake City, Utah claiming intentional infliction of emotional distress. His lawsuit claims that an agent for the lender intentionally left a phone message with his wife mentioning his secret girlfriend. Pillow says that the malic...

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Equifax Reports Rise In Car Loan Originations

Posted by Whit Newton on December 5, 2011 at 10:05 AM

In a recently released report, Equifax noted that there has been a large increase in the number of auto loans originated over the past two years.

 

According to Equifax's National Credit Trends Report, auto lenders increased loans by more than 47% between July 2009 and July 2011. That is a jump in originations from 581,300 in July, 2009 to 854,800 in July 2011. During the first seven months of 2011, there were11.3 million

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Finding Zero Down Car Offers

Posted by Whit Newton on July 22, 2010 at 12:55 PM Comments comments (0)

If you keep a look out on the TV and radio, you might hear about local dealerships offering zero down car offers such as:  Sign and Drive!  No Money Down!


However, it can take a looong time before you happen across one of these promotions.  What if you want a car NOW?  With ZERO money down?  Well, as with many areas of life, the internet is streamlining the process.  Now you can utilize a specialized web service such as

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Maximing Your Trade-in as Money Down

Posted by Whit Newton on July 22, 2010 at 12:47 PM Comments comments (0)

Many people in the market for a new or used car are not buying their first car.  No, they have a vehicle which they want either to sell first on the private market, keep around for as a hand-me-down, or trade-in at the dealership. 


One option is to sell you vehicle on the private market, where you will typically get the more money than you would be offered from a dealer.  That said, there are often advertising expenses -- and certainly time -- required to suc...

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Using Cash Rebates as Down Payment

Posted by Whit Newton on July 22, 2010 at 12:42 PM Comments comments (0)

This strategy only works if you are purchasing a brand new car.  If so, many manufacturers offer substantial cash rebates worth several thousand dollars, especially during seasonal sales events.  If you don't have a down payment in hand, speak to your dealer about what kinds of rebates are currently being offered, as well as whether the value of these rebates can be easily transferred into a down payment on your new vehicle.


As you probably know, most dealerships w...

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