Car Loan News

Atlanta, Georgia isn’t exactly known as a hot-bed of automotive heaven. And yet the A-Town currently has some interesting and customer related car loan deals on offer. So much so that lenders are encouraging consumers to look at car finance as a viable option.

The Finance & Leasing Association (FLA) has announced that the Chester- based, The Funding Corporation Limited (TFC), will receive the top award and accreditation that is ‘SAF Approved’ - the financial organisation is one of the latest companies to receive the coveted award.

All the major German manufacturers are currently embroiled in a civil war – except it isn’t in their homeland. China has become the latest hotspot to receive an unfriendly war, and the Germans are trying their best to achieve car financial success.

The threat of a double-dip recession isn’t putting Jaguar Land Rover off. The company has announced that it is looking for 1,000 new employees to work on the new small Range Rover Evoque at the famous Halewood factory in Merseyside.

Honda is hoping the allure of its new CR-Z hybrid will encourage young drivers to take our car finance on the car. The US launch went like a presidential election - typically American, typically over-the-top.

Don’t worry, you did read that title right. Bentley – one of the most prestigious and praised cars makers on the planet – has announced a recall in the US due to some of the cars suffering from rust.

A car salesman, who was once a finance boss has been told to pay back the £350,000 he unlawfully acquired through loan scams. Andrew Lawson plotted his crimes with the knowledge of the car finance industry to achieve loans on cars.

The Toyota Motor Corp. has been hit with a fine against its finance unit for giving bribes to car dealers. Authorities in China were alerted to the accused bribes and subsequently decided to charge and fine the financing arm.

July was a strange month for car finance. The amount of cars purchased with dealer sourced car finance dropped by 7 per cent to 30,501, however for the six months leading to July the overall figure was 25 per cent higher, according to the Finance and Leasing Association (FLA).

The war continues, BMW has taken the initiative and linked a deal with Chinese partner Brilliance China Automotive to provide financial services in the world’s largest car market.

India’s second largest car manufacturer, Hyundai, has announced a deal that will combine the public sector lender, Vijaya Bank together to offer car finance facilities for its customers.

The GMAC-SAIC Automotive Finance Co, which is a company formed between Ally Financial Inc. and Shanghai Automotive Finance Co., has said that August was a record month with 18,000 new contracts.

Two primary school teachers have been the unfortunate victims of a previous owner. The pair had feared for their jobs when they discovered five grammes of cocaine in the glovebox.

McLaren, manufacturer of Formula 1 cars and the company that currently employs two of the best drivers on the grid, has made an intriguing bet of £780m, which says it can become a real player in mainstream manufacturing.

While our motorists can no longer benefit from the government’s scrappage scheme, the Russians could be able to continue the popular trend. Russia is considering whether to spend an addition 5 billion roubles ($161.8 million) for the extension of the popular car scrappage scheme.

Despite reports earlier in the month that stated fraudulent finance claims were becoming less successful, new research has shown that the applications themselves have become far more common.

According to a new report by Sainsbury’s Finance Car Buying Index, the amount of people who are planning to purchase a new or used car during the next six months will hit a three-year high.

A deal between Hudson Securities, Inc and Jinhao motor company has been secured. The $30 million financial deal is the second largest PIPE merger completed since the reverse merger in 2008.

According to the British Car Auctions, sales of used cars in the UK hit record levels in 2009. £34 billion-worth of car sales were posted, which beats 2008’s figure by around £6 billion.

We all know about the German civil war. Not a war of politics, though. This war has been going for a few decades and includes three or four of Germany’s most successful car manufacturers.

Picture the scene; you’re driving down a country lane in your brand new £170,000 Ferrari 458. Goosebumps along your arms are rising as fast as your heart-rate. The thrill of the drive, the sound of the engine, it’s all perfect.

Happily, the Finance & Leasing Association (FLA) has posted new figures that suggest car finance fraud is not as successful as some may think. According to the FLA, only 8.7% of attempted motor finance frauds are successful.

Sales and car finances were on top form in the month of August, in India, at least. Easy finance packages and new dealer options have led to a flurry of customers vying for the best deal.

Car dealers up and down the country are preparing for the usual September 1st pandemonium. It’s new plate time, and it seems dealers are fairly confident that the ‘60’ plate is going to be a successful plate for the coming months.