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10272-month loans enticing consumers to buy loaded cars

Longer loan terms and favorable interest rates are tempting consumers into pricier and more feature-laden vehicles, consequently driving average transaction prices up about three percent since 2009, according to a new report by Automotive News.

492Late With Car Payment? The Bank Could Remotely Turn Off Your Vehicle

Banks can disable and track cars from afar using new technology

Unlike a house, where it can take months or years to evict owners behind on their payments, some subprime lenders can now simply switch off a late borrower's car.

12Auto Finance Company Fined $2.75M For Hurting Customers' Credit

Errors were found on subprime borrowers credit reports

The auto financing company First Investors Financial Services Group was fined $2.75 million on Wednesday by the Consumer Financial Protection Bureau for reporting incorrect information to credit agencies that affected thousands of customers.

6Outstanding Auto Loans Total Higher Than Ever

Auto loans in the US increased 10-percent from a year ago

It looks like Americans are feeling more confident about borrowing money again, at least when it comes to their cars. Credit reporting giant Equifax has released its latest National Consumer Credit Trends Report, and the data suggests that auto lending is booming in 2014.

1Pot Tourists Dumping Stashes At Denver Airport Rental Car Agencies

Travelers unable to bring extra weed home ditch it before heading into the airport

Car rental agencies operating at Denver International Airport are reporting tourists with extra pot are frequently handing it off to their employees or stashing their stash in the cars before they return them.

5Auto Loan Defaults Higher During Recovery Than Recession

Delinquency rates have nearly doubled since 2010

More subprime borrowers defaulted on their car loans in the years following the Great Recession than during or before the crash.

64Who Can Afford The Average Car Price? Only Folks In Washington, D.C.

Americans are spending far too much money on new cars

A medium-income household can afford the average-priced new vehicle in just one of the 25 largest U.S. metro areas, according to a report from Interest.com.

43Hyundai deferring car payments for furloughed federal workers

Since the US government shut down early this morning, more than 800,000 federal employees could be furloughed without pay until a deal is reached to start the government back up. To help affected employees cope with the temporary layoffs, Hyundai is expanding its Assurance program to defer all of their auto loan or lease payments until they're called back to work.

477Protect Yourself From Yo-Yo Financing

Dealership sell cars, and then take them back when the loan falls through

When dealers allow cars to roll off lots when financing isn't complete, customers can be on the hook for hundreds in extra fees or have their cars repossessed if loans don't come through.

162More car buyers favoring longer term loans, up to 10 years [w/poll]

The length of car loans in the US keeps on growing as more and more consumers look for ways to save money every month to pay off obligations and necessities. Extremely low interest rates and more durable automobiles have become key factors in driving these new longer-term car loans, which can last anywhere from six to 10 years.

33Car Buyers Opting For Much Longer Loan Terms

Longer loans make for smaller monthly payments, but is it a good move?

The percentage of car sales with a 72-month loan (or longer) has hit record levels.

79More People Defaulting On Car Loans, Says Experian

There are ways to prevent losing your car to the repo man

The percentage of 60-day delinquencies on car loans nudged upward in the final months of 2012, the first increase in delinquency rates since the recession and financial meltdown began in 2008.

36Subprime financing on the rise in new car sales, leasing too

We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.

91FTC Nails Auto-Loan Scammer "Hope For Car Owners Inc"

The company promised to lower people's car loan payments, but ran off with the cash

For regular readers of AOL Autos, it might come as a surprise that some people don't know how the whole car loan process works. But a recent move by the FTC to shut down a predatory lender shows there are plenty of scams afoot.

9General Motors buys Ally Financial foreign operations

In a move that welcomes former pieces of General Motors back into the fold, GM Financial has reached a deal with Ally Financial, formerly GMAC, to buy a piece of the company's international operations. The $4.2 billion deal is for Ally's Latin America, Europe and China operations.

57Chrysler sales growth fueled by subprime loans?

Automotive News reports Chrysler owes some of its recent sales success to a resurgence of subprime loans. Chrysler has a history of working with customers burdened with questionable finance histories, and lenders have begun to loosen credit restrictions. As a result, 29 out of every 100 auto loans for new Chrysler models went to buyers with a credit score under 680 in the first quarter of this year. Experian Automotive classifies loans tied to that credit score as subprime. What's more, nearly 2

1Car Dealers See Sales Boosts Through Subprime Lending

Higher-risk loans rose 11 percent in 1st quarter over last year

Subprime lending is on the rise throughout the auto industry, up 11 percent from the first quarter of last year. From the perspective of many auto dealers, that's a good thing.

26Coda gives up on federal government loans, for now

Who needs the federal government when you have a big Chinese company behind you?

102Beware Of The Following Car Dealerships When Seeking A Loan

Federal Trade Commission increases enforcement of dealerships that make deceptive promises

The sales pitch goes something like this on the showroom floor: A car salesman makes an enticing promise. "We'll pay off your car loan, no mater how much you owe!" Or "upside down on your current loan? We'll pay off your trade."

19DOE's clean-energy loan guarantees will cost taxpayers 46% less than expected

If the mainstream media has reported on the U.S. Department of Energy's (DOE) loan guarantees for advanced technologies, it's been about the controversy. Solyndra! But here's the news you probably haven't heard: the federal government loan guarantees will cost the American public about 46 percent less than originally estimated because many of the green tech companies are paying back the loans quicker than expected, according to one report.

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