Automotive News Finance and Insurance Feed News, blogs and commentary from the leader in North American automotive news en-us Thu, 2 Oct 2014 06:00:00 EST Ford Credit rolls out 75-month loans nationwide Wed, 1 Oct 2014 00:01:00 EST Ford Motor Credit has joined the trend toward longer loans, rolling out 75-month terms nationwide starting today. The company previously had conducted a pilot program. Chrysler Capital lowers rate cap on dealer reserve Wed, 1 Oct 2014 00:01:00 EST Chrysler Capital is cutting its maximum permissible dealer reserve to 175 basis points, or 1.75 percentage points, effective today. The previous maximum was 200 basis points. Is it wise to keep putting the car before the cash? Wed, 1 Oct 2014 00:01:00 EST Dealerships can and should take some of the risk out of making spot deliveries, experts say. Lenders must look through consumers' eyes Wed, 1 Oct 2014 00:01:00 EST In the second of what's shaping up to be a series of attacks on subprime auto finance -- the first was in July -- The New York Times last week made a breathless page one story out of a years-old device: the vehicle starter interrupt. FandI managers need intelligence, empathy -- and good training Wed, 1 Oct 2014 00:01:00 EST Today's all-out emphasis on regulatory compliance has led to the biggest change in FandI training in recent memory, says Robert Serum, a career educator in dealership operations. How to end predatory auto-loan practices Mon, 29 Sep 2014 00:01:00 EST Americans won't abide companies that gouge minorities and other vulnerable consumers. Buyers snap up pricier models Mon, 29 Sep 2014 00:01:00 EST Consumers in the United States are willingly paying more than ever for new vehicles, enticed by low interest rates, cheap leases and ubiquitous six-year loans that keep monthly payments affordable while the total price tag rises by thousands of... Report faults Treasury on 'excessive' post-bailout pay at GM, Ally Wed, 24 Sep 2014 12:13:12 EST Top executives at General Motors and Ally Financial received excessive compensation after receiving bailout funds from the U.S. Treasury in 2009, according to a Treasury special inspector general report released today. Share of CarMax sales financed with subprime loans declines Wed, 24 Sep 2014 00:01:00 EST The percentage of CarMax vehicles purchased with loans from lenders that specialize in subprime loans dropped almost 5 percentage points in the company's fiscal quarter that ended Aug. 31. CFPB's new rule ups costs for small lenders, creates unlevel field Wed, 24 Sep 2014 00:01:00 EST The Consumer Financial Protection Bureau's proposed new rule extending its jurisdiction to include 'larger participant' nonbank auto lenders has some shortcomings, says Bill Himpler, executive vice president of the American... %]