You are browsing the archives of 2008 November.
Predatory lending is known to be a very profitable business, but the lenders are the only ones who get the profits and the clients are likely to have problems. It is considered to be the reason for most the housing problems that are happening now. The predatory lenders are taking advantage of the clients who [...]
| Loan Period | Rate (APR) | +/- | Last week | |
| 48 month used car loan | 4.79% |
|
4.81% | |
| 48 month new car loan | 4.05% |
|
3.65% | |
| 36 month used car loan | 4.88% |
|
4.87% | |
| 36 month new car loan | 3.92% |
|
3.54% | |
| Credit | Scorex Plus | Vantage Score | APR (used cars) | Monthly Payments $10,000 loan |
|---|---|---|---|---|
| Super Prime | 740+ | 801-990 | 4.70% | 298.36 |
| Prime | 680-739 | 701-800 | 6.66% | 307.22 |
| Non Prime | 620-679 | 641-700 | 9.51% | 320.38 |
| Sub Prime | 550-619 | 601-640 | 14.29% | 344.60 |
| Deep Sub Prime | < 550 | 501-600 | 17.65% | 359.77 |
| Auto loan lenders | Market share |
|---|---|
| Ally | 6.97% |
| Wells Fargo | 5.66% |
| Chase | 5.13% |
| Toyota | 4.79% |
| Ford | 3.82% |
| Honda | 3.54% |
| Capital One | 3.37% |
| Bank of America | 3.22% |
| Nissan Infiniti | 1.95% |
| 5TH 3RD Bank | 1.65% |
| Americredit | 1.40% |
| Santander | 1.38% |
| US Bank | 1.30% |
| Suntrust Bank | 1.19% |
| Hyundai | 1.18% |
| TD Auto Finance | 1.15% |
| Huntington | 1.07% |
| Citizens | 0.99% |
| USAA | 0.98% |
| BMW Bank | 0.92% |