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More Car Loans Going to Borrowers With Bad Credit

Experian Automotive (EXPN) reports the resurgence of the car loans for customers who had been rejected for those loans because of poor credit last year. People who are still interested in purchasing a four-wheeler can do it smoothly with the help of newly introduced loan facilities. The automobile industry has increased its credit facilities for the credit-challenged borrowers who are still waiting to purchase new automobiles. The loan share had been sanctioned to increase by 12.7% during the third quarter of 2010 in comparison to what it was at the same time last year.

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Suzuki Incentives and Rebates for 2011

Most automobile companies come up with new incentives and cash back offers from time to time, often on new and popular car models, to increase their sales in the market. While it is beneficial to the buyers, it can also help the company sell its products. This time Suzuki is rolling over most of its November new car incentives to December — including the 0 percent auto loan on all car models of 2010, as well as discounted auto leases and cash back offers. Suzuki is offering 2.9% auto loan rates for 60 months on all its 2011 vehicles during the month of December. Factory customer cash offer is available on all 2010 Suzuki vehicles in December, ranging from $1,000-$2,000, depending on the model.

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Experian: Auto Credit Continuing To Loosen, Loan Amounts Up

For the past two years, purchasing a vehicle or borrowing finances in terms of loans involved the right amount of credit terms and a high credit score. However, due to the recent tightening of finances and credit, the borrowers who would have been ‘green lighted’ in the past will now face problems. High level of risks . . . → Read More: Experian: Auto Credit Continuing To Loosen, Loan Amounts Up

Tips For Car Loans – Low Credit Score Might Not Be The Only Determinant

If you are one of those prospective consumers looking to pick up a new or used car but not sure as to if your credit scores are high enough for you to qualify for financing — then you are just a part of a greater number of people out there who are confused and uncertain about the criterias for making the cut of being a qualified buyer. The Wall Street Journal is of the opinion that majority of the dealerships rely on a completely different set of numbers other than one’s credit score.

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Honda Reported To Have Sold Off $1.56 Billion Worth Of Car-Loan Debt in Boosted Offering

The automobile giant Honda Motor Co. [NYSE:HNC] has hit the news with the announcement of a sale out of $1.56 billon worth of bonds tied to auto loans, according to a link that happens to be familiar with the entire transaction. This would  be the automaker’s largest offering this year.

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A Quick Look At Car Loan Refinancing

Car loan refinancing has turned out to be one of the popular options amongst a certain segment of the consumers who are exploring ways to cut costs and save money on their monthly car loan payment. While other expenses such as mortgages are idly the most costly obligation someone can have in their life, a car payment is also a strong liability for someone who is going through financial trouble.

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