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Auto Loan Lending Booms Due to Perfect Storm

According to a recent Experian report, the nation’s auto loan balance has reached a new peak of $782.9 billion. This is an increase of $103...

According to a recent Experian report, the nation’s auto l...

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Auto Debt Reaches New High According to Fed Report

The total amount of auto loan debt reached historic highs this fiscal quarter according to a report by the Federal Reserve Bank of New York....

The total amount of auto loan debt reached historic highs th...

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Defense Department May Update Military Lending Act

The Secretary of Defense and the Defense Department are pondering an update to the Military Lending Act in the wake of the lending industry’s growth...

The Secretary of Defense and the Defense Department are pond...

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Experts Say Boomers Have More Success Getting Car Loans

As younger generations continue to struggle amid rising debt and low employment, experts say that the Baby Boomer generation has more car buying power and...

As younger generations continue to struggle amid rising debt...

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Millennials Don’t Borrow Car Loans

American car culture might be in trouble. Millennials just don’t share the car enthusiasm of previous generations. Generation Y neither cares to borrow car loans...

American car culture might be in trouble. Millennials just d...

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The Hyperloop Battles Against the Car Industry

Long distance ground mass transit systems have never been America’s forte. The age of the trains are long gone, along with the plumes of coal...

Long distance ground mass transit systems have never been Am...

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Subprime Auto Lending on the Rise

Subprime lending is growing according to two industry reports. Studies by Experian Automotive and the Federal Reserve Bank of New York found that auto loans...

Subprime lending is growing according to two industry report...

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Tesla Sells Shares to Repay Dept. of Energy Loan

Tesla Motors Inc. is planning to sell 2.7 million shares to raise money to pay off its Department of Energy loan early. The company, best...

Tesla Motors Inc. is planning to sell 2.7 million shares to ...

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Auto Loan Delinquencies Drop According to Fed Report

Auto loan delinquencies fell during the first fiscal quarter of 2013, according to a report by the Federal Reserve Bank of New York (Fed). The...

Auto loan delinquencies fell during the first fiscal quarter...

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Ohio Auto Loan Program Donates to Charity

An auto loan lender in Ohio has unveiled a new charitable program. Pathways Financial Credit Union will be donating proceeds of new car loans to...

An auto loan lender in Ohio has unveiled a new charitable pr...

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Tesla Named Best Car Since 2007 by Consumer Reports

Consumer Reports has named the Tesla Model S the best car since 2007’s Lexus LS. This week has been especially good for Tesla, which announced...

Consumer Reports has named the Tesla Model S the best car si...

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CFPB Clamps Down On Auto Loan Discrimination

The Consumer Financial Protection Bureau (CFPB) is gearing up to tackle the problem of discrimination in auto loan lending. However, lenders and dealers counter that...

The Consumer Financial Protection Bureau (CFPB) is gearing u...

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Top Cars Purchased By Subprime Borrowers

A new report lists the top 10 car models chosen by subprime borrowers in the auto lending industry. The CarFinance.com report highlights the vehicles most...

A new report lists the top 10 car models chosen by subprime ...

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Bank for Youth Offers Auto Loan Education

Young auto loan borrowers and depositors can get more than just financing at one Denver bank, they can get an education too. Young Americans Bank,...

Young auto loan borrowers and depositors can get more than j...

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Cost of Owning a Vehicle Increases to $9,122

The average cost of owning and operating a sedan rose to $9,122 for 2013, according to a recent study by AAA. The company’s annual “Your...

The average cost of owning and operating a sedan rose to $9,...

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