A simple guide to Motor Loans

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Length of Motor Loans Increasing

Up until recently, the longest term motor loan offered to consumers was a five year loan, but according to the Federal Reserve, the length of these motor loans is going up. Now, it is possible to get a seven year loan and soon eight will be made available as well. Although this may help lower […]

Motor Loans Affected by Credit Crisis

As banks make it more difficult to get any loans, the motor loan industry is definitely in the midst of a decline. More people are concerned about losing their homes and they are defaulting on their motor loans in an effort to make higher payments on their mortgages. The amount of those seeking a new […]

Motor Loan Delinquencies Going Up

As more homeowners struggle to hang on to their homes, motor loans delinquencies are on the rise. For many, the choice between keeping their home or their cars has led them to decide that their homes are much more important. “We’ve been watching this over the past several years, and auto loan delinquencies have been […]

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