A simple guide to Motor Loans

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Motor Loans Getting Competitive

In order to get a good deal on a motor loan, consumers are urged to get many different quotes. There are some great competitive motor loans out there, but consumers will need to do their homework to find them.
Simeon Linstead, Head of Personal Finance at uSwitch.com comments: “Shopping around for competitive loan before shopping around […]

High Mortgages Make it Difficult to Keep Up On Motor Loan Payments

Many consumers are finding it increasingly difficult to keep up on their motor loan payments as interest rates continue to climb and the housing market worsens. For those stuck with higher than normal house payments, the motor loan payment is usually the first thing to go. However, the costs for mortgages may be on the […]

Some Motor Loan Companies Remain Profitable

Despite many issues with motor loans, a few car companies and lenders are remaining profitable in this sector. One such motor loan success story is Volkswagen, that has actually seen a rise in sales. Many are seeing changes in the motor loan market and stating that things may not be as bad as originally thought, […]

Motor Loans Also Affected By Interest Rate Decision

The decision this week that interest rates would not change is affecting more than just the housing market. Rates for motor loans continue to remain high and after this news, it appears that they will remain that way for some time. Motor loans have definitely been impacted by housing market problems and there are few […]

Hope Springs Eternal in Motor Loan Market

Although the motor loan industry has been hit hard by the problems going on with housing, it appears as though things may finally be turning around. Although getting a new motor loan is very difficult right now, within the next few months that could be changing. Rates are starting to come down and lenders may […]