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How A New Generation Of Sub-Prime Auto Financing Could Cause Another Catastrophe
March was the 5th straight month of a SAAR above 15 million vehicles. Industry analysts have explained the strength of the market in a number of ways. The need to replace older vehicles is one (new...
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97 Months And Running
8 years to pay off a car? A report by the Wall Street Journal claims that in Q4 of 2012, the average car loan stretched out to 65 months, or just over 5 years. Loan terms were being stretched out over...
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Buy-Here, Pay-Here Dealers Face Stiff Competition From New-Car Dealers’ Cheap...
Buy-here, pay-here lots, traditionally the place to find a vehicle with little, bad or no credit, are facing some stiff competition as of late from new-car dealers offering cheap financing. Automotive...
View ArticleThese Are the Long, Rough Roads Traveled by Title Loan Cars
Many people rely on title loans when money is tight, regardless of their infamous predatory nature and high interest rates. However, getting that loan is much like playing Russian Roulette — and with...
View ArticleNew Car Dealerships Are Taking a Page From the Buy-here/Pay-here Playbook and...
Is there any lower form of life in the automotive biosphere than the buy-here-pay-here dealership operators? It’s hard to see them as anything other than rent-seeking scumbags who inflate the market...
View ArticleHow ‘Buy Here Pay Here’ GPS Tracking Devices Work
GPS tracking devices are a common sight in cars sold by “Buy Here Pay Here” dealers, and some are even showing up at franchise dealers. A lot of speculation exists about how the devices work and what...
View Article“A New Kind Of Hybrid”: The Terrifying New Way Disadvantaged People Are...
It was halfway down an email that was anonymously forwarded to me a few weeks ago, buried between torpid paragraphs grown thick and encrusted with the deliberately Byzantine language of Wall Street...
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