Credit catch-22: for buyers with no borrowing history, getting a car loan can be a challenge. (Starting Out).
DEBT-FREE and with a secure job managing a McDonald's franchise in Asheville, N.C., Rob Smith was expecting to get the green light from Volkswagen Credit for a $15,000 car loan. But when the salesman tried to check Smith's credit report, he couldn't find one. Smith, 24, had never had a mortgage, a

Publication: Kiplinger's Personal Finance Magazine

CUs Feeling Fallout From Agressive Car Loan Market.(specifically First Entertainment Credit Union and Credit Union Direct Lending)
One year into an auto lending market in which consumers have become accustomed to 0% APRs, and some credit unions are feeling the fallout in loan volumes, ratios within their auto portfolios, and in the value of collateral pledged against used car loans. Especially here in what is not just the

Publication: Credit Union Journal

Used-car loans: CUs meet sticker-shock challenge. (credit unions)
A credit union member finds that dream car, but there's a catch: It costs $20,000. To avoid high monthly payments, the member decides to buy a late-model used-car instead and signs a no-hassle financing agreement with the auto finance company. Credit unions know what's wrong with this picture. Auto

Publication: Credit Union Executive

Dealers scramble to fill car-loan void ; To keep customers, dealers are turning to credit unions, in-house financing and those automakers that still offer loans.
Dealers scramble to fill car-loan void ; To keep customers, dealers are turning to credit unions, in-house financing and those automakers that still offer loans. Byline: TUX TURKEL By TUX TURKEL Staff Writer Edition: Final Section: Front Type: Cover Story Memo: "Lots of times the dealership has to

Publication: Portland Press Herald (Maine)

CHEAP CAR LOANS DON'T ALWAYS MEAN SAVINGS / CLAIMS CREDIT UNION OFFICIAL
NEW YORK - Cheap loans handed out by car dealers may not provide all the savings they imply, according to some credit union officials. The ""bargain'' loan offers, many of which expired earlier this month, have been described by a General Motors Corp. executive as ""the most effective

Publication: The Journal Record

Car Loans and Credit Cards.(Your Money)
Byline:Kimberly Lankford I have a choice of financing a car with a 6% bank loan or putting it on a credit card with a 2.99% rate. The card company says the 2.99% interest rate will last the life of the loan. Which would be the better deal on a $10,000 loan? --T. ST. JOHN, Clyde, Ohio It may sound

Publication: Kiplinger's Personal Finance Magazine