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#carloans — Public Fediverse posts

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  1. Car payments feeling… intense? 😬 We're diving into the rising cost of car loans – some folks are facing crazy high interest rates and super long terms. Is this a bigger problem than we thought? New video explores! Check it out 👇 #CarLoans #Debt #Finance

    youtube.com/watch?v=a90Eg4TT9Qk

  2. Don't let the dealership talk you into their financing! 😬 Learn how to snag better car loan rates by getting pre-approved elsewhere. Smart money moves in this new video. Check it out! #CarLoans #AutoFinance #MoneyTips

    youtube.com/watch?v=jqqKPM2rcjA

  3. 🤯 Car loans got you confused?

    Learn how extending your loan term can seriously impact what you pay in interest. It's a bigger number than you think! 🚗 Check out the new video to understand the real cost. #CarLoans #FinanceTips #Money

    youtube.com/watch?v=7HcRVj0xHYM

  4. As the ramifications of the court finding in favour of consumers miss-sold car financing ripples though the banking sector we're starting to see how much money might be involved in compensation;

    Lloyds have already allowed £450mn in their accounts to cover settlements while Santander have set aside £295mn.

    Estimates that the entire compensation could finally be around £30bn nw don't look so off the mark.

    A lot of people in banking are hoping the appeal is successful!

    #banks #carloans
    h/t FT

  5. As the ramifications of the court finding in favour of consumers miss-sold car financing ripples though the banking sector we're starting to see how much money might be involved in compensation;

    Lloyds have already allowed £450mn in their accounts to cover settlements while Santander have set aside £295mn.

    Estimates that the entire compensation could finally be around £30bn nw don't look so off the mark.

    A lot of people in banking are hoping the appeal is successful!

    #banks #carloans
    h/t FT

  6. Auto loan debt currently makes up over 9% of all outstanding household debt. Its growth accompanied a rise in total household debt, which stood at $16.51 trillion as of November 2022, an increase of over $2 trillion since the end of 2019. Auto loan debt is the third-largest category of American household debt after mortgage debt ($11.67 trillion) and student loan debt ($1.57 trillion), both of which have also increased steadily since 2011.

    #BanCars #Debt #CarLoans

    investopedia.com/personal-fina

  7. Auto loan debt currently makes up over 9% of all outstanding household debt. Its growth accompanied a rise in total household debt, which stood at $16.51 trillion as of November 2022, an increase of over $2 trillion since the end of 2019. Auto loan debt is the third-largest category of American household debt after mortgage debt ($11.67 trillion) and student loan debt ($1.57 trillion), both of which have also increased steadily since 2011.

    #BanCars #Debt #CarLoans

    investopedia.com/personal-fina

  8. Goldman Sachs leads $45M investment into auto fintech startup MotoRefi - MotoRefi has raised another $45 million in a round led by Goldman Sachs just five ... - feedproxy.google.com/~r/Techcr #transportation #goldmansachs #automotive #autoloans #carloans #motorefi #finance #fintech #tc