June 13th, 2008
Although many had hoped that auto insurance would not be affected by problems in the motor loan industry, it appears as though the first ripples of trouble are appearing. Right now, it is more expensive than ever to get insured, if you do manage to secure a motor loan. Those affected the most appear to be new motor loan holders as well as those in high risk groups or those that are still quite young. The problems in the motor loan industry have affected several sectors, such as car manufacturers, and it appears as though the problems are continuing to spread. Right now, if you can get a motor loan, you should be prepared to pay a high rate on your insurance coverage.Peter Gerrard, the current head of insurance research with Moneysupermarket.com, commented, “Young and newly qualified drivers have long been perceived as high risk by the insurance industry and often find it hard to get competitive motor insurance. But there are ways they can cut their insurance costs, such as adding a parent to their policy or looking at specialist insurers who target young drivers. It’s also clear that insurers view women as far more mature motorists at an earlier age.”
Related reading : Motor Loans
June 4th, 2008
Mortgage companies that also offer motor loans are making it increasingly more difficult to get financing at this time. All aspects of the motor loan industry have been hit hard by the housing crisis, especially since so many banks offer both types of loans. Homeowners have struggled to keep making payments on their motor loans […]
Related reading : Motor Loans
May 29th, 2008
As many homeowners pick keeping their houses over their cars, the motor loan industry is going through a very tough time. Many are finding that they just can’t make both payments and the only ones benefiting are the repo companies at this point. For those that need a new motor loan the options are just […]
Related reading : Motor Loans
May 24th, 2008
The United States is going through massive issues as far as money and debt is concerned. In terms of the housing market, Americans are having multiple issues; homes are not worth what they used to be worth, and yet Americans are paying more and higher costs for them. As rates and payments rise, many Americans […]
Related reading : Motor Loans
May 15th, 2008
For consumers with bad credit, new motor loan rules are being instituted that would force banks to inform consumers when a bad credit rating is responsible for higher interest rates. Many in the motor loan industry have been accused of not giving consumers enough information when it comes to how much they will have to […]
Related reading : Motor Loans
May 8th, 2008
As more consumers debate how safe it is to add another loan to their debts, the motor loan industry is beginning to feel the pinch. New car sales are down and the rates of applications for new motor loans have fallen sharply. Many believe that until the housing crisis ends, the motor loan industry is […]
Related reading : Motor Loans
April 30th, 2008
The motor loan industry is continuing to have problems as more homeowners are forced to pick between defaulting on their home loan or defaulting on their car loan. This could spell more trouble for years to come in auto sales as these consumers try to deal with the damage that a motor loan default can […]
Related reading : Motor Loans
April 23rd, 2008
A new report published this week found that the cities with the largest populations are now facing the largest amount of motor loan delinquencies. Although this is to be expected to some degree, larger cities are usually more affluent and don’t see the same problems with motor loans that smaller cities experience. However, with the […]
Related reading : Motor Loans
April 16th, 2008
Although at first glance the two don’t seem to be related, the motor loan industry is reeling as a result of the current housing and student loan crisis. On the one hand, the housing market is killing the motor loan industry as consumers decide that it is better to default on their motor loan than […]
Related reading : Motor Loans
April 14th, 2008
While many would not believe it, the housing crisis is beginning to have an effect on motor loans. Many homeowners are faced with such high payments on their homes that they are having to face a choice on which one to pay and their motor loans are suffering. This is turning into bad news for […]
Related reading : Motor Loans
