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Chase Auto Finance Taps New CEO

Chase Auto Finance appointed a new chief executive officer on Monday, succeeding Marc Sheinbaum who has asked to pursue other opportunities. Moving into the role is Thasunda Brown Duckett who previously was part of Chase’s consumer and community banking division. Duckett also served as national retail sales executive for Chase’s Mortgage Banking division. “Thasunda has … Continue reading

TransUnion: Non-prime Originations, Delinquencies Rose During Second Half of 2012

While noticing a surge in non-prime originations, TransUnion came out Tuesday saying that the national auto loan delinquency rate moved higher to close 2012 but continued to remain near historic low levels. TransUnion determined the ratio of borrowers 60 or more days past due ticked up to 0.41 percent in the fourth quarter. In Q3, … Continue reading

How to Capitalize on New Car Incentives

Saving money on a newly purchased vehicle can easily be accomplished with the help of new car incentives and rebates that local dealers provide to consumers. Many people tend to become worried and stressed about buying a new or used vehicle, especially when they want to stay within a certain price range. Luckily thanks to … Continue reading

Refinancing a Car Loan with Bad Credit

The decision to refinance a car loan with bad credit is one that can help a person save money or at least lower their monthly payments due to a lengthened finance term, but is this route for everyone? In most cases a consumer will only focus on the possible advantages to refinancing  a vehicle with … Continue reading

Fed Says Banks Forecast Improved Lending Outlook for 2013

U.S. banks expect credit quality to rise in 2013 after they eased standards on loans for autos and businesses of all sizes, according to a Federal Reserve survey. “Banks expect improvements in credit quality in most major loan categories” in 2013, the central bank said today in its quarterly survey of senior loan officers released … Continue reading