The Truth About Cars » Lending http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Wed, 04 May 2016 20:39:13 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Captives Dominating Auto Financing As Banks Resort To Risky Loans http://www.thetruthaboutcars.com/2014/06/captives-dominating-auto-financing-as-banks-resort-to-risky-loans/ http://www.thetruthaboutcars.com/2014/06/captives-dominating-auto-financing-as-banks-resort-to-risky-loans/#comments Thu, 19 Jun 2014 15:27:47 +0000 http://www.thetruthaboutcars.com/?p=846961 OEM captive financing arms are increasing their share of new car loans, with banks resorting to underwriting riskier loans in the used car market and to less credit-worthy buyers. Citing data from credit agency Experian, Reuters reports that the captive arms of Ford, Honda and Toyota made up half of all new car loans in […]

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OEM captive financing arms are increasing their share of new car loans, with banks resorting to underwriting riskier loans in the used car market and to less credit-worthy buyers. Citing data from credit agency Experian, Reuters reports that the captive arms of Ford, Honda and Toyota made up half of all new car loans in […]

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Subprime Lending Still On The Rise As GM Financial Grows Prime Lending Operations http://www.thetruthaboutcars.com/2014/03/moodys-subprime-on-the-rise/ http://www.thetruthaboutcars.com/2014/03/moodys-subprime-on-the-rise/#comments Tue, 25 Mar 2014 20:05:02 +0000 http://www.thetruthaboutcars.com/?p=780737 Subprime auto financing continues to grow, and while one analyst at Moody’s says that banks are largely staying out of the subprime space, overall lending continued to rise, with retail banks seeing some of the strongest growth. This expansion in lending, particularly subprime, was attributed as a key driver in auto sales. SNL cited forecasts for […]

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Subprime auto financing continues to grow, and while one analyst at Moody’s says that banks are largely staying out of the subprime space, overall lending continued to rise, with retail banks seeing some of the strongest growth. This expansion in lending, particularly subprime, was attributed as a key driver in auto sales. SNL cited forecasts for […]

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U.S. DoJ, Consumer Financial Protection Bureau Investigate Toyota, Honda, Other Automakers’ Credit Arms For Lending Bias http://www.thetruthaboutcars.com/2013/09/u-s-doj-consumer-financial-protection-bureau-investigate-toyota-honda-other-automakers-credit-arms-for-lending-bias/ http://www.thetruthaboutcars.com/2013/09/u-s-doj-consumer-financial-protection-bureau-investigate-toyota-honda-other-automakers-credit-arms-for-lending-bias/#comments Mon, 23 Sep 2013 16:20:15 +0000 http://www.thetruthaboutcars.com/?p=526097 According to regulatory filings by Toyota Motor Credit Corp., the giant automaker’s car financing arm, and American Honda Finance Corp., which fills a similar role for Honda, the United States Consumer Financial Protection Bureau and the Department of Justice are investigating major auto manufacturers for possible lending bias based on race, which would be a […]

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According to regulatory filings by Toyota Motor Credit Corp., the giant automaker’s car financing arm, and American Honda Finance Corp., which fills a similar role for Honda, the United States Consumer Financial Protection Bureau and the Department of Justice are investigating major auto manufacturers for possible lending bias based on race, which would be a […]

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Question Of The Day: When Financing A Car, What Information Should Be Fair Game? http://www.thetruthaboutcars.com/2012/12/question-of-the-day-when-financing-a-car-what-information-should-be-fair-game/ http://www.thetruthaboutcars.com/2012/12/question-of-the-day-when-financing-a-car-what-information-should-be-fair-game/#comments Fri, 07 Dec 2012 15:56:59 +0000 http://www.thetruthaboutcars.com/?p=469481 Your personal information is valuable. When I liquidated vehicles for Capital One, we typically examined over 14,000 variables before lending out our money to a customer. Any customer. A credit card. An automobile. A commercial loan. It didn’t matter. We needed to get to know the economics of you first. All of the low rates and big profits […]

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Your personal information is valuable. When I liquidated vehicles for Capital One, we typically examined over 14,000 variables before lending out our money to a customer. Any customer. A credit card. An automobile. A commercial loan. It didn’t matter. We needed to get to know the economics of you first. All of the low rates and big profits […]

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Quote Of The Day: You Can Trust Your Dealership After All Edition http://www.thetruthaboutcars.com/2010/06/quote-of-the-day-you-can-trust-your-dealership-after-all-edition/ http://www.thetruthaboutcars.com/2010/06/quote-of-the-day-you-can-trust-your-dealership-after-all-edition/#comments Thu, 24 Jun 2010 19:11:43 +0000 http://www.thetruthaboutcars.com/?p=359498 Throughout the debate on Wall Street reform, I have urged members of the Senate to fight the efforts of special interests and their lobbyists to weaken consumer protections.  An amendment that the Senate will soon consider would do exactly that, undermining strong consumer protections with a special loophole for auto dealer-lenders.  This amendment would carve […]

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Throughout the debate on Wall Street reform, I have urged members of the Senate to fight the efforts of special interests and their lobbyists to weaken consumer protections.  An amendment that the Senate will soon consider would do exactly that, undermining strong consumer protections with a special loophole for auto dealer-lenders.  This amendment would carve […]

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