Ally Financial has agreed to pay a $98-million fine to settle an investigation into unfair lending practices overseen by the Justice Department and the Consumer Financial Protection Bureau (CFPB). In an investigation of lending practices in the year after April 2011, the government agencies determined that Ally Financial and Ally Bank charged roughly 235,000 Asian/Pacific Islander, Black and Hispanic borrowers higher interest rates than their credit profiles warranted and higher rates than white
With reports constantly pouring in suggesting that some dealerships continue to mark up prices on the Chevrolet Volt, it's no surprise that a New Hampshire resident and potential Volt buyer stumbled upon one of Chevy's plug-ins with a price tag of $48,995. This particular New Hampshire man went down to test drive a Volt at the nearest dealership that had one in stock, which meant venturing all the way to Connecticut.
Pre-orders for the 2009 Nissan GT-R have already begun, with 691 certified dealers across the US ready to service the new offering. The expected sales volume is in the range of 2,500 vehicles for the first year and 1,500 anually after that. Do the math and you'll see the equation adds up to limited consumer availability. Mix that with high demand and you know that markups follow. Eager enthusiasts are up in arms over the possibility that their greatest desire might he priced out of reach as a re
Despite floating a plan that would attempt to stop the inevitable customer speculation in the GT-R by voiding the car's warranty if it were sold in the first year, Nissan has come to the conclusion that they are, frankly, powerless to stop it. The company says it gave up on the plan because it wouldn't be fair to the guy who really had to sell his car within that time.