To lease a car or buy a car? WTEN
. "While they are driving their cars and making payments, automakers are heavily discounting and flooding the market with the exact same models. These decisions do more than just knock a few pennies off the value of their customers' car already on the road. Some of these moves can destroy up to 60 percent of the value of a car in its very first year of life."And the poor car buyer doesn't simply have to contend with the automakers' marketing decisions that lessen their car value. Toyota's recent trouble reminds us that safety issues, heavily covered by the media can also have a significant impact. Following Toyota's recalls, which began in November 2009, the value of its cars fell by as much as $2,000. So if you were a consumer driving a 2008 Toyota Camry, one of the models affected by the recall, you also lost equity in your car. At the dealership, the quick and dirty solution to lost equity is rolling the deficit into the next auto loan, but that is hardly a recipe for financial success.
Guaranteed car finance in the UK is a very common financial product that is offered by so many companies that they are just about falling over themselves in an attempt to gain your business.![Treasury to give GMAC $3.8B for bad mortgages Detroit Free Press]("http://nt0.ggpht.com/news/tbn/8OnwJ94ynLhCxM/6.jpg")
MiamiHerald.comTreasury to give GMAC $3.8B for bad mortgagesDetroit Free PressThe money comes on top of $12.5 billion that the US Treasury had previously invested in GMAC to keep it afloat as the lender of choice for car buyers and GMAC to Receive Second Government BailoutGovt gives GMAC $3.8B in new aid, boosts stakeall 1,413 news articles »
