One of the biggest banks in India has been fined for allegedly “hiking” the interest rates on their car loans. According to many consumers, they were initially offered very competitive rates on their car loans, only to have these rates skyrocket in a few months. This is a practice that many banks try, but few […]
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Car Loan Problems Reshaping Financing
Posted on April 23rd, 2008 by justin
Dealers are finding that if they want to keep making sales, they may need to offer car loans themselves. Numerous banks and credit unions have decided to up their interest rates on car loans and tightening restrictions have made it difficult for many people to get a car loan, despite their credit. This problem is […]
Car Loans Become Increasingly Harder to Get
Posted on April 16th, 2008 by justin
As banks look at the continuing slide in the housing market, many are deciding that all of their products, even car loans, need to be revisited. This has resulted in many banks tightening up their restrictions on car loans and even those with good credit are finding it increasingly difficult to get a car loan […]
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