Bonds backed by auto loans are selling at the fastest pace in years Refurbished auto loans seem like an unlikely place for crippled credit investors, but they are outperforming and issuance is at a multi-year high. The companies have sold more than $58 billion in asset-backed securities backed by auto loans this year, about 20% more than at this point in 2021. Santander Consumer and First Help Financial […] Car loans
How the Fed’s rate hike will affect auto loans Adding to the rollercoaster news cycle this week, the Federal Reserve raised its target federal funds rate by half a point. According to Edmunds Insights executive director Jessica Caldwell, this is the biggest rate hike in more than 20 years. And while it may curb rising inflation, it will squarely hit the wallets of new […] Car loans
Finance your next used car purchase with May’s best car loans Global supply issues continue to slow the delivery of new cars to Australia, but for those looking for an alternative to used cars, financing your vehicle doesn’t have to be a challenge. New car sales figures from the Federal Chamber of Automotive Industries (FCAI) for April revealed that the number of vehicles sold fell 12.2% […] Car loans
Repo rate hike: Home and auto loans will be more expensive, FD rates could rise Existing and new retail borrowers will now pay higher equivalent monthly installments (EMI) for their mortgages and home loans, after the Reserve Bank of India (RBI) raised the repo rate by 40 basis points (bps) on Wednesday . Auto loans will also become more expensive for new borrowers. However, those who have taken out a […] Car loans
RBI Rates | Home loan Home, personal and auto loan borrowers faced a sudden interest rate shock on Wednesday after the Reserve Bank of India announced an untimely hike in repo rates. The bankers ET spoke to are preparing to pass the hike on to their borrowers, marking the start of a nearly three-year cycle of rising borrowing costs.“With today’s […] Car loans
I gave staff N1.8 billion in car loans, other – Gov. fayemi Dr Kayode Fayemi, Governor of Ekiti State, revealed that his administration had disbursed over N1.8 billion in car and home loans to civil servants, local government workers and teachers over the past four previous years as a sign of appreciation and government. commitment to their well-being. The governor also disclosed that his administration had paid […] Car loans
Westpac offers lower rates for auto loans for electric and hybrid vehicles “We expect demand for these vehicles to continue to grow, with many Australians already planning to make the switch.” Non-bank lenders Plenti and Pepper Money have targeted the EV space, with the latter offering a comparison rate of 3.99%. Although Westpac research showed more than two-thirds of Australians were put off by the cost of […] Car loans
Don’t Waste Your Money: Longer Auto Loans With new and used car prices near record highs, buying a car can really be a case of sticker shock. Thus, dealers offer longer loans. But is it really a deal? With average car prices up to $46,000 in 2022 and used cars up 30% last year, many buyers are finding themselves out of the market. […] Car loans
Some of the best car loans for electric vehicles The highly anticipated Tesla Model Y SUV has finally been priced for Australia with the first fleet of vehicles due to arrive on our shores in August. So what are your best car loan options when financing the Tesla Model Y? According to Drive.com.au, Tesla will launch the Model Y SUV with two variants in […] Car loans
Differentiate between personal loans and car loans Many people dream of having a car. If you are also considering buying a car and need direct deposit loans in minutes, you may want professional advice on which loan option will best suit your needs. Should I apply for a personal loan or a car loan? What is the difference between these two credit products? […] Car loans