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Perhaps one of the most valuable tools for car shoppers, a car loan calculator can provide instant estimates on monthly payments, how much you can afford and the total cost of interest paid over the life of the loan.  A car loan calculator, which is commonly found online at a ...
GMAC 3.9% APR Financing Offered for Well-Qualified Buyers on Chevrolet Impala and Silverado, Pontiac G6 and GMC Sierra Models <!-- .style1 { font-family: Arial, Helvetica, sans-serif; font-weight: bold; font-size: ...
GMAC Financial Services today confirmed that it is in discussions with federal regulatory authorities regarding, among other things, seeking bank holding company status under the Bank Holding Company Act of 1956, as amended. As a bank holding company, GMAC would obtain increased flexibility and stability to fulfill its core mission of providing automotive and mortgage financing ...
Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the U.S. automotive finance business. In a note to investors Monday, Lehman Brothers analyst Brian Johnson said his analysis of auto loan-backed securities sold by Ford Motor Credit Co. (NYSE:F) and GMAC Financial Services (NYSE:GM) showed ...
GMAC Financial Services said Wednesday it will cut about 3,000 jobs, or 25 per cent of the workforce at its Residential Capital LLC mortgage operation. The financial services company, partly owned by auto giant General Motors Corp. (NYSE:GM), blamed the cuts on ``sharp downturns in the U.S. residential real estate markets and the global dislocation of ...
ROCHESTER, Mich. (AP) _ Honda Motor Co.'s top U.S. executive said Friday he would like to see the U.S. Federal Reserve cut interest rates further to keep the American economy going. John Mendel, executive vice-president of automobile operations, also predicted that the U.S. auto market will stabilize around 16 million vehicles sold this year because ...
General Motors Corp.'s lending arm, GMAC Financial Services, has told employees that it is targeting Nov. 30 as the closing date for the sale of a controlling stake in the unit to a group of investors. GM agreed to sell 51 per cent of GMAC to a consortium led by ...
New Car LoanBy: Michael Bailey Buying a vehicle is one of the most important decisions you can make. You may already know which automobile you want and there is no debate about the color. The decision-making lies in finding a good new car loan. You don’t need to do ...
Free Online Credit ReportBy: Aron Russell Taking charge of your own credit is an important step to ensuring a strong financial future.  Something that everyone should do occasionally regardless of their credit history is to take a look at their free online credit report. A free online credit ...
TORONTO (CP) _ TD Bank Financial Group (TSX:TD) declared victory Wednesday in its $326-million takeover of VFC Inc. after about 90 per cent of the used-car loan company's shareholders tendered into its bid. The Toronto-based bank said VFC (TSX:VFC) stockholders holding about 15 million common shares have accepted its offer. Following compulsory-acquisition rules, it now will ...
DEARBORN, Mich. (CP) _ Ford Credit Canada Ltd., a subsidiary of Ford Motor Co. (NYSE:F), says it has sold a number of its auto loans for $1.2 billion Cdn. The deal, with an unnamed financial institution, is ``the first whole-loan sale of a portfolio of retail instalment sale contracts,'' the company announced late Thursday. Ford Credit ...
RED DEER, Alta. (CP) _ Auto repair finance specialist Rifco Inc. (TSXV:RFC) warned Wednesday that it expects to book a $300,000 net loss or two cents per share in 2006 but expects to turn a profit in 2007. Revenue for fiscal 2006, which ends March 31, is expected to come in at $3.8 million. Rifco's said ...
TORONTO (CP) _ Auto loan provider VFC Inc. (TSX:VFC) has posted a 65 per cent profit boost in its latest fourth quarter on the heels of a $326-million takeover offer by TD Bank (TSX:TD). The Toronto financing firm said Tuesday its profit for the quarter ended Dec. 31 amounted to 23 cents per share ...
TORONTO (CP) _ Car loan company VFC Inc. (TSX: VFC), which endorsed a $326-million takeover bid by TD Bank last week, has signed up General Motors Acceptance Corp. of Canada as a strategic partner. A new agreement will see customer applications that don't qualify ...

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