Posted on August 16th, 2011 • by Bill Cawthon
Automotive News is reporting that Chase Auto Finance will begin offering loans through Chrysler Group dealers on new vehicle purchases. Chase loans will be available to consumers with prime and near-prime credit ratings. Chase already provides retail and commercial financing on all Chrysler, Dodge, Jeep and Ram vehicles and has worked with Chrysler for more [...]
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Posted on July 21st, 2010 • by Bill Cawthon
Chrysler Financial, the former lending source for Chrysler, Dodge and Jeep dealers, is considering a return to its former business. It’s also considering a name change, much as GMAC has done in changing its name to Ally. According to Automotive News, the company wants to start making loans to consumers with near-prime credit and has [...]
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Posted on July 14th, 2010 • by Bill Cawthon
North American buyers of new Chrysler, Dodge, Jeep and Ram vehicles will soon be financing their vehicles through Ally Financial. The company, formerly General Motors Acceptance Corporation, is retiring the GMAC name from its automotive financing operations for GM, Chrysler, Saab, Thor Industries (manufacturer of Four Winds recreational vehicles and Airstream travel trailers) and Fiat [...]
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Fiat,
GMAC.
Posted on October 13th, 2009 • by Bill Cawthon
A group of 38 non-profit groups, including the NAACP, Consumer Federation of America and the Center for Responsible Lending, are asking the House Financial Services Committee to make sure automobile financing is included in the purview of a new Consumer Financial Products Agency. The consortium accuses dealers of predatory lending practices and want the federal [...]
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Posted on October 14th, 2008 • by Bill Cawthon
GMAC is limiting financing to borrowers with the best credit. The finance company, now 51 percent-owned by Chrysler’s parent company, Cerberus Capital Management, announced it would offer loans only to customers with a credit score of at least 700. About 58 percent of Americans fall in that category, but current economic conditions are having a deleterious [...]
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Posted on October 2nd, 2008 • by Bill Cawthon
Let’s start the report with some good news: Chrysler regained the No. 4 spot in sales last month. Not just for the month, but in year-to-date (YTD) sales, as well. Chrysler outsold Honda by over 10,000 units in September, giving it a slim, 2,936-unit lead for the first nine months of 2008. Some more good [...]
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Mazda,
Mercedes,
minivans,
Nissan,
Porsche,
Toyota,
Volkswagen.
