Auto Financing

What does the standard rate mean on a car?

A standard rate is a non-promotional rate offered by OEMs (original equipment manufacturers), generally in lieu of promotional financing and / or APR offers. While a standard rate may be non-promotional and not as good as some regular offers, it is generally easier for borrowers with credit problems to qualify. …

Read More »

Auto loans hit a record Rs.326 billion in August

KARACHI: Auto financing hit a record high of Rs.326 billion in August 2021, representing a 46.8% year-on-year jump, mainly due to low interest rates, a brokerage firm said on Tuesday citing reports of central bank data. Auto loans rose 3.8% month-on-month in August, from Rs.314 billion in July, Arif Hbib …

Read More »

RateGenius launches Loan Finder, a new digital car

AUSTIN, Texas, September 21, 2021 (GLOBE NEWSWIRE) – RateGenius, one of America’s largest auto refinance loan providers, today announced a new feature that allows vehicle owners to view refinancing offers pre-qualified * without providing any personal information as they search RateGenius for a better car loan. The service is the …

Read More »

How Gabby Petito’s Case Captivated The Internet

The demographics of the industry are a big factor, Mr. Reynolds said. “Our newsrooms do not reflect the diversity of the country, and the people in editing positions are even less diverse,” said Reynolds, whose organization works with journalists of color. “Until journalism corrects this, we will continue to be …

Read More »

Listed auto sector profits increased 4.6 times in FY21

KARACHI: The listed automotive sector posted exceptional financial results in FY21, as its net profitability increased 4.6-fold year-over-year. Arsalan Hanif at Arif Habib Limited attributed the rise in profits to the low policy rate, which helped car sales to rise dramatically, as auto financing increased by 97 billion rupees in …

Read More »

Automakers are rolling out online shopping options

Ford Motor Co.: Ford Express Buy (Ford brand) The one-stop-shop system allows a customer to purchase a vehicle fully online in partnership with Ford Credit, although they can complete the process offline at a physical dealership at any time. It is currently only available with the Mustang Mach-E, but will …

Read More »