One in Five Families Fell Behind on a Loan Last Year. The Poorest Are Giving Up Their Cars.
The Fed's new survey shows car ownership among the poorest families at a 20-year low, while lenders chase weaker credit…
auto loans
South African Bank Repo’d a Car With No Court Order and Sold It. Now It’s Eating R300,000.
A South African bank repossessed and sold a financed car without a signed surrender or a court order. After the…
CarMax Now Makes $111 Less on Each Car and $116 More on Everything Sold With It
CarMax cut its per-car margin to revive sales, then earned it back on extended service plans and the shop while…
Credit Acceptance Is Wiping Out $634 Million in Car Debt. Here’s Who Qualifies, and What the Next Loan Looks Like.
Credit Acceptance Corporation, the Southfield, Michigan lender whose name shows up on many buy-here-style used-car...
The Repo Man Can Take Your Car. He Can’t Take Your Subprime Loan With It.
Subprime car loan delinquencies are climbing again after a record January. The bigger story is what happens after repossession: lenders…
Car Loan Rates Look Cheap Right Now. The Bond Market Says That Won’t Last.
Treasury yields passed 5% and the Fed hiked in September, but published car loan rates still reflect cheaper money. Here’s…
Car Payments Just Hit a September Record of $821. Prices Barely Moved. Here’s Where the Money Went.
J.D. Power says the average new-car payment hit a September-record $821. Prices rose just 0.7% and rates fell, so the…
Used Car Values Just Dipped for the First Time This Year. Used EVs Went the Other Way.
The Manheim index slipped 0.4% from a year ago, but wholesale EV values rose 2.3% as gas hit $4.48 and…
Your Paid-Off Car Can Still Be Seized Over a Debt That Has Nothing to Do With Cars
Massachusetts just permanently banned a debt collector accused of taking people's cars to squeeze payment on debts that had nothing…
The Fed Hasn’t Cut Rates Once This Year. Car Loans Got Cheaper Anyway.
The Federal Reserve meets again this week to decide, for the seventh time in 2026,...
Why Steal a Car When You Can Just Finance One and Ship It Overseas?
Nobody broke a window. Nobody hot-wired an ignition. Nobody even needed a stolen key fob....
Tricolor Raised $1.9 Billion on Subprime Car Loans. The SEC Says Its Execs Pledged the Same Ones Twice
The SEC says Tricolor's top executives pledged the same subprime car loans to more than one Wall Street bond deal.…
Holmes Motors Repossessed a Deploying Soldier’s Car Without a Warrant. The $137,000 Fine Is the Least Interesting Part of This Story
A soldier in Alabama handed her car dealer a copy of her deployment orders. The...
This El Paso Man Tried to Steal Back His Own Repossessed Car. It Didn’t Go Well
There’s a particular flavor of automotive stupidity that only surfaces when someone stops making car...
The Auto Loan Hangover Is Here: Millions Overpaid for Cars With Money They Didn’t Have
And now they’re whining about the consequences.