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Found 2 entries.

Categories results for: finance

GMAC Gets Tight

Oct 20, 2008 6:59 pm | Categories: buying, finance, negotiations, politics
Posted by thecarcnsltn

GMAC has announced that it will be only financing people with 700 credit scores . This I guess is due to the increasing number of people defaulting on their loans. What some of you may ask is;what does this have to do with me. Gmac is the finance company of GM and if the in house finace is getting that strict then you know that the housing market finance crisis has made its way down to the automotive industry...

Upside Down Car Loan | Secured Car Financing

Aug 4, 2008 3:04 am | Categories: finance
Posted by carloans90

When you go about securing a car loan the vehicle itself is used as the collateral on the car loan which is what makes the secured car loan itself. The auto finance company online that you end up going with will then loan you the finances for the car based upon the cars current value at the time of the loan based upon the loan value of the car. This loan value will usually be about seventy five to eighty percent of the actual retail cost of the car itself...

Blog Category Results Found 2 entries. Categories results for: finance GMAC Gets Tight Oct 20, 2008 6:59 pm \| Categories: buying, finance, negotiations, politics Posted by thecarcnsltn GMAC has announced that it will be only financing people with 700 credit scores . This I guess is due to the increasing number of people defaulting on their loans. What some of you may ask is;what does this have to do with me. Gmac is the finance company of GM and if the in house finace is getting that strict then you know that the housing market finance crisis has made its way down to the automotive industry... Upside Down Car Loan \| Secured Car Financing Aug 4, 2008 3:04 am \| Categories: finance Posted by carloans90 When you go about securing a car loan the vehicle itself is used as the collateral on the car loan which is what makes the secured car loan itself. The auto finance company online that you end up going with will then loan you the finances for the car based upon the cars current value at the time of the loan based upon the loan value of the car. This loan value will usually be about seventy five to eighty percent of the actual retail cost of the car itself...