A Jacksonville Man Called 911 on His Stolen 2019 Yukon. It Was Repossessed 19 Days Before His First Payment Was Due
A Jacksonville, Florida, man called 911 on the evening of Oct. 6 to report his...
auto loans
Hughes FCU Repo Settlement Pays About $1,067 a Check and Settles $25.6 Million in Disputed Car Debt
Arizona borrowers repossessed by Hughes Federal Credit Union from May 2019 to August 2023 get paid automatically. The bigger benefit…
Fake Pizza Calls, 38% Interest and Wrongful Repos: Settlements With Seven Car Lenders Show the Same Tricks Again and Again
Seven auto lenders, eleven years of government files and three recurring problems: loans built to fail, add-ons that never get…
Truist’s $5.5 Billion Near-Prime Auto Book Was Breaking Even, So the Bank Sold It and Is Shutting the Lender Down
Truist sold $5.5 billion of near-prime car loans from Regional Acceptance, a unit it says broke even, and is closing…
GM Earned $3.3 Billion Last Quarter. Its Lending Arm Set Aside 39% More for Car Loans Going Bad
Ford, GM and Stellantis have mostly finished booking their EV write-downs. The strain now shows up at their finance arms,…
Car-Mart Built Its Loans Around Payday. Now Its Own Lenders Have It on a Seven-Day Leash
America's Car-Mart's lenders have extended its default waiver seven times in six weeks, and the latest runs out Thursday. Here's…
Used-Car Lots Are Fuller Than Last Year. Good Luck Finding Anything Under $15,000
Dealers have 3.3% more used cars than a year ago, but 16.2% fewer priced at $15,000 or less, while the…
Repo Watch: Good Credit Got You the $45,000 Loan. It Can’t Make the $1,000 Payment, and Nobody’s Hiring
Repossessions were already at their highest level since 2009 before 2026 handed car owners three shocks at once: 165 days…
Going Electric at $4.33 Gas Saves About $118 a Month. The $520 Loan Payment Eats That for Breakfast
At $4.33 gas, an EV or hybrid cuts the fuel bill, but at subprime rates the loan costs several times…
Auto Debt Just Hit $1.71 Trillion. It’s Not Crashing. It’s Squeezing Used-Car Buyers Instead
Auto debt hit $1.71 trillion, but it isn't crashing. The strain is landing on used-car buyers with weak credit, long…
Diesel Is Up $2.51 a Gallon and AI Is Leading the Layoff Charts. Anyone Who Has to Drive to Work Is Getting Squeezed
Fuel up 41 to 69 percent, AI the top-cited reason for layoffs, hiring nearly flat: every cost of keeping a…
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…
The Average New-Car Payment Is Now $787, and a Quarter of Buyers Are Signing Up for 84 Months of It
The average monthly payment on a financed new car has reached $787. That’s not a...
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…
That $10,000 Car Loan Interest Deduction Sounds Great Until You Do the Math
Washington pitched it as a reason to walk into a showroom: finance a new American-built...