Automobile financing

FILE - In this April 27, 2020 file photo, a plastic sheet is laid between two workers needing to face each other to perform their task, as a safety measure for coronavirus contamination, at the Fiat Chrysler Automobiles plants of Atessa, in Central Italy. Fiat Chrysler Automobiles has confirmed a request for an Italian state-backed loan to help the sector relaunch from the coronavirus shutdown, a move that set off debate in Italy over whether such money should be made available to companies with legal headquarters overseas. (Cecilia Fabiano/LaPresse via AP)
May 17, 2020 - 10:08 am
SOAVE, Italy (AP) — Fiat Chrysler Automobiles has confirmed a request for an Italian state-backed loan to help the automotive sector relaunch from the coronavirus shutdown, a move that set off debate in Italy over whether such money should be made available to companies with legal headquarters...
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FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
December 30, 2019 - 7:14 am
If you need a car, the most frugal option is to buy one that’s 2 to 3 years old, pay cash and drive it until the wheels fall off. The least frugal option traditionally has been leasing, where you make monthly payments to drive a car but don’t own it. You’re paying for the vehicle during its most...
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FILE - In this May 19, 2019, file photo, a line of unsold 2019 Tucson sports-utility vehicles sits at a Hyundai dealership in Littleton, Colo. With the cost to own a new vehicle rising, it's more important than ever to consider what you’ll pay for a car loan and to shop for the best interest rate. (AP Photo/David Zalubowski, File)
June 06, 2019 - 10:41 am
With the cost to own a new vehicle rising, it's more important than ever to consider what you'll pay for a car loan and to shop for the best interest rate. The average new car loan interest rate reached 5.5% in 2018, up about one percentage point from the previous year, according to Ben Bartosch, J...
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Jimmie Johnson, center, poses with owner Rick Hendrick, left, and Ally Financial CEO Jeffery Brown, right, after announcing a second primary sponsor for his team prior to the Monster Energy NASCAR Cup Series auto race at Martinsville Speedway in Martinsville, Va., Sunday, Oct. 28, 2018. (AP Photo/Steve Helber)
October 28, 2018 - 4:09 pm
MARTINSVILLE, Va. (AP) — Rick Hendrick, a car dealer at the end of the day, pulled off another sales job of Jimmie Johnson to preserve the branding of the seven-time NASCAR champion. Ally Financial Inc. will sponsor Johnson for all 38 races in the next two NASCAR seasons — the remaining years on...
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In this July 8, 2018, photo, clouds are reflected above the company logo on the hood of a 2018 Model 3 sedan on display outside a Tesla showroom in Littleton, Colo. Board members at Tesla are evaluating CEO and Chairman Elon Musk’s $72 billion proposal to take the electric car and solar panel maker private. Six of nine members say in a statement Wednesday, Aug. 8, that Musk began talking with the board about the move last week. (AP Photo/David Zalubowski)
August 08, 2018 - 6:05 pm
SAN FRANCISCO (AP) — Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a $72 billion buyout of the electric car maker, but he may be acquiring new headaches with his peculiar handling of the proposed deal. Almost everything about the deal is outlandish...
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May 08, 2018 - 6:44 pm
WASHINGTON (AP) — The GOP-led House of Representatives voted Tuesday to kill guidance from a consumer protection agency aimed at ensuring lenders didn't charge minority consumers more on car loans. Republicans have made the rollback of government regulations a high priority. In this case, they say...
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In this April 10, 2018, photo, Senate Majority Leader Mitch McConnell, R-Ky., flanked by Sen. Cory Gardner, R-Colo., left rear, and Sen. John Barrasso, R-Wyo., right rear, speaks on Capitol Hill in Washington. The Republican-led Congress last year revoked more than a dozen Obama-era federal regulations. Now, it’s poised to undo guidance a consumer protection agency issued five years ago to help ensure minority car buyers aren’t charged higher interest rates. “Republicans are chopping away at the tangled mess of regulations the last administration left behind,” said McConnell. “Our whole economy is getting a tune-up. And now it’s time for the front end of the auto industry to come along for the ride.” (AP Photo/J. Scott Applewhite)
April 18, 2018 - 12:36 am
WASHINGTON (AP) — The Republican-led Congress last year revoked more than a dozen Obama-era federal regulations. Now, it's poised to undo guidance a consumer protection agency issued five years ago to help ensure minority car buyers aren't charged higher interest rates. Republicans said that...
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