#AutomotiveFinance
Paid In Full: Why I Finally Kept a Car Long Enough to Pay the Note
Every now and then, life takes you by surprise. One minute you’re hanging out with your buddies, deploying the 225 horsepower of a tattered Mustang GT to do donuts in the parking lot of the Muddy Shag Lounge. The next, you’re weighing the benefits of a variable rate mortgage.
It’s an alarming reminder of age, not unlike the sudden predilection of my knees to sound like nails in a Cuisinart when I attempt to alight from my sofa after watching the Pittsburgh Penguins get shellacked by the Chicago Blackhawks.
One such life event snuck up on me a couple of weeks ago: I finally kept a car long enough to pay it off.
Wells Fargo Places Cap On Subprime Loans
Wells Fargo will rein in its subprime lending business, limiting subprime car loans to 10 percent of auto loans it originates. According to the New York Times, the move comes amid concerns that the market for subprime car loans is expanding too quickly.
Tesla, US Bank Team For New Model S Lease Contract
Want to own a Model S without worrying about a long-term commitment or how much it’ll hurt your bottom line? CEO Elon Musk has a deal for you.
Recent Comments