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The goal of the Car Loan Pal Blog is to provide useful information about car loans and other consumer credit related topics. Topics range from getting a car loan with bad credit to tax advantages of buying an environmentally friendly car. We will also touch on current events and car loan related news to help keep consumers informed. Finally, we will focus on other aspects of buying a car besides auto financing such as what items you need to take to the car dealership to buy a car. |
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Written by Brady
Friday, February 03 2012
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Car loan interest rates dropped in 4 of the 5 categories this
week. Last week was relatively stable but this week saw large cuts
in most of the major categories. This balanced the large jump from
2 weeks ago. Oddly, 36 month Used Car Loans did not drop in step
with 48 Month Used Car Loans
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Written by Brady
Thursday, February 02 2012
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It is officially tax season and that means it is time to
get all of your tax documents together and start working on your
tax return. By now most people should have received most of their
W2's, 1099's and everything else needed to properly prepare your
tax returns. We checked the Turbo Tax...
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Written by Brady
Friday, January 27 2012
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Interest rates went up in all categories except for 72 month new
car loans which remained unchanged. This is the 2nd week in a row
that used car loan rates increased. The overall rate average is the
highest it has been in months.
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Written by Brady
Wednesday, January 25 2012
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During Tuesday's State of the Union Address, President Barack
Obama stated the "The American Auto Industry is Back". The
President pointed to the auto industry recovery as one of the
stepping stones in getting the American economy going strong by
strengthening the American manufacturing...
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Written by Brady
Friday, January 20 2012
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Yesterday saw another record low in world of home loans. The
same is not true for car loans. New car loans did drop this week
after a large jump last week. They dropped by about half the amount
of the increase experienced last week. However used car loans
continued to climb. Used car loans are...
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Written by Brady
Thursday, January 19 2012
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Last month the 30 year mortgage hit an all-time low. That low
has been surpassed with 30 year mortgages going down to 3.88%.
While not a record, 15 year mortgages are extremely low at 3.16%.
Adjustable rate mortgages (ARMs) are below 3%. Every time it seems
unimaginable that rates will go lower...
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Written by Brady
Wednesday, January 18 2012
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According to the lastest Federal Reserve G.20 release regarding
Finance Companies, the amount of outstanding Motor Vehicle Loans is
at the lowest point in 5 years. The report was released in December
if 2011. It shows that during their last data collection period in
October 2011 the amount of...
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