The global outlook for Auto Back Securities (ABS) is steady – except in North America, where underwriting standards and borrower credit are slipping. (Read More…)
New technology is allowing buyers with no credit score – due to a lack of credit history or a personal bankruptcy – to get vehicle financing via examination of documents like the payment history of their cable or cell phone bill.
We have a 2000 Dodge Durango 2WD with rear abs (hub assembly is different than if the front had abs if it matters) and 165k miles. It has been a pretty good truck with few issues but we do have an annoying one that came up. The truck isn’t a commuter for me, just for the occasional errand that my wife needs to run or when the whole family goes somewhere so it gets driven a couple times a week just a few miles on the highway into town and back. The issue is the brakes. (Read More…)
Some time ago I purchased a 1995 (E36) BMW M3 as a project car. Mostly I have limited myself to bringing the maintenance up to date. I have a more than averagely equipped workshop and can find my way around a car pretty well (I have even built my own Brunton SuperStalker) One problem that has eluded me from day 1 is an intermittent ABS light.
Should I just ditch the ABS forever or is there a way to trouble shoot these things without Hans and Franz at the stealership taking me for a ride? (Read More…)