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Auto Source Financial asked:


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The Effect of the American financial crisis has now started to affect the Canadian Automotive Industry.

Wells Fargo Financial, headquartered in Des Moines, Iowa, is an $18 billion company providing installment and home equity lending, automobile financing, consumer and private label credit cards, leasing, technology services, and receivables financing to consumers and businesses in 47 U.S. states, all 10 provinces of Canada, and the Caribbean.

An affiliate of Wells Fargo Financial, Wells Fargo Auto Finance a division of Wells Fargo Financial Retail Services Company Canada which has been offering non-prime financing programs to dealers across Canada since 1995 has pulled out of Canada

As of November 12th, 2008 Wells Fargo Auto Finance has made the difficult decision to exit the indirect lending channel in Canada. Wells Fargo continuously reviews its operations and makes changes when necessary to align with the current market environment.

New and used Auto Dealers across Canada were notified quietly  the Effective as of noon Eastern time November 12th, Wells Fargo Auto Finance will no longer be accepting credit applications from Canadian auto dealers.

AutoSourceFinancial.Com

Luke Scott asked:


 

Honda is the world’s largest engine maker, producing more than 14 million internal combustion engines every year. Honda’s began building motorbikes but the S500 2-door roadster featuring a 492cc engine saw the company move into car production in an innovative way in the 1960s. 

The highly acclaimed Civic and Accord saw Honda make rapid international progress. Today, the company makes everything from cars and motorbikes, robots, jets and jet engines, to lawn and garden equipment. Honda’s current crop of cars includes the Accord, CR-V, Civic, FR-V, Jazz, Legend and S2000.

 

HONDA HISTORY

In 1948 Honda’s founder, Soichiro Honda, started a new company: Honda Motor Co. They soon came up with the “batabata”, a motorised bicycle named after the sound the engine made which became a huge hit across Japan. Later, Honda’s most popular model, the Dream, could be spotted all over the Japanese islands. 

Honda introduced its first car in 1957, the N360. In 1958, the American Honda Company was created. In 1972 Honda entered the American market with the small fuel efficient Civic – just as the energy crisis was hitting economies. In 1986 Honda introduced a luxury line of cars and in 2007 Honda announced plans to launch low-priced hybrids.

 

HONDA FACTS



 

Type:  Public company

 

Founded:   September 24, 1948

 

Headquarters:   Tokyo, Japan

 

Key People:  Soichiro Honda, Founder. Takeo Fukui, CEO

 

Industry:  Automobile & Truck manufacturer & Motorcycle

 

Products:  cars, trucks, motorcycles, scooters, ATVs, electrical generators, robotics, marine equipment, jets and jet engines, and lawn and garden equipment, Acura vehicles.

 



FEATURED MODELS 



HONDA ACCORD - manufactured since 1976, first as a compact hatchback and then evolving into a premium large family estate and saloon car



HONDA CIVIC  - a compact car first manufactured in 1972 and now in its eighth generation. The Civic Type-R is a widely respected hot hatch, while the Civic IMA is a hybrid with an electric motor and petrol engine



HONDA CR-V  - public demand for a sport-utility vehicle from Honda led to the creation of this compact crossover SUV in 1996



HONDA FR-V  - a clever six seat MPV, which features three seats in the front and three in the back



HONDA JAZZ  - a five-door hatchback car first produced in 2001. It rivals the Ford Fiesta and Toyota Yaris and is known as the Fit in Japan, China, and America



HONDA S2000  - a two-seat roadster created to celebrate Honda’s 50th anniversary and launched in April 1999



HONDA LEGEND  - a large luxury car which is currently in its fourth generation







 

DID YOU KNOW?









The Honda Cub motorcycle is the best-selling vehicle in history, with around 50 million sold worldwide



Soichiro Honda was president of the Honda Motor Company until retiring in 1973. He was labeled “the Japanese Henry Ford” by People magazine in 1980



The first passenger vehicle in the world to have four-wheel steering technology was the Honda Prelude in 1987



In 1964, Honda entered Formula One racing for the first time, recording its first victory the following year. It’s current F1 campaign is headed by British racer, Jenson Button and Rubens Barrichello from Brazil



In 1991, Honda posted its 10th consecutive win in the Isle of Man TT.





 



 

 

 

Auto Credit Superstore asked:


ad credit car loans no more stand as a nightmare. Auto Credit Superstore was founded to help people with less than perfect credit to obtain auto financing. We find you the best terms and conditions and your ideal car loan or truck loan. We are here to help you out with your Bad credit car loans. Our opinion is everybody deserves a second chance. Most of us have experienced hard times but that does not make us bad people! No matter what your credit situation is, there is a way to find you a car loan.

Things happen in life, illness, divorce, loss of work etc. Bad credit car loans can trouble anyone. You might have experienced – Poor Credit, Bad credit, No Credit, Bankruptcy. With a strong belief for a second chance for everybody, we treat every customer with the dignity they deserve. Our vehicle loan can change your credit life. So no more bad credit car loans taking off your good night’s sleep.

At Auto Credit Superstore our auto loan representatives carefully review every application. Before your application is submitted to any lender all aspects of your situation are carefully taken into consideration so as to be properly presented to the proposed lender. This guarantees you the very best loan rates available! We have years of experience and over twenty five million dollars in loans arranged. This can make you happy as you forget all your worries regarding bad credit car loans. In fact it can be said that bad credit car loans are a matter of past now.

Bad credit car loans can be a problem of anybody. We know what is the amount of stress; bad credit car loans can provide you with. Auto Credit Superstore realizes, we all need a vehicle, but not everyone has the credit needed to secure the loan for a vehicle. Our number one goal is to treat you with the respect you deserve regardless of credit history. EVERYONE DRIVES!

We are very careful not to hurt your credit in any way. Actually what happens, when you apply for any loan, it does affect your credit rating. Some car dealerships will send your application to all of the banks “hoping” one will approve you. This means your credit is pulled 5-10 times which is not good and may turn into a bad credit car loan. We do not do this! After carefully reviewing your information, we contact you; find out the details of what has happened in the past so as to submit you to an auto finance lender that will approve you! This avoids the unwanted pressures to your credit. To take you out of the situation of bad credit car loans & set you driving your own car is our motto.

Uchenna Ani-Okoye asked:


While improving your credit score don’t apply for any credit card, auto loan, education loan or any other type of loan. If you’re not careful, that commission paid to the dealer could mean you pay a higher auto loan interest rate. Bad credit auto loans are meant for those who have an unimpressive credit record.

In this way, the outstanding balance decreases over the period of the auto loan till it is completely repaid. Many creditors won’t even extend an auto loan to those with bad credit. Almost everyone needs a car, which means that someday almost everyone will need an auto loan.

To view our list of recommended auto loan companies online, visit this page: Recommended auto loan companies online. Tip – If you have currently had bad credit then repair it before applying for an auto loan. Having a credit score over 660 will get you a much better rate on your auto loan.

If you do have auto loans, equipment loans, or mortgages – it is a good idea to include the principal payments as part of your breakeven calculation. Credit cards, auto loans, mortgages and student loans aren’t designed for your good. Before applying for any California auto loan, it is very important to find out if the lending institution is legal.

Majority of the lenders such as banks, financial institutions etc offer auto loan on competitive rates in the financial market. Next, complete an online application with an auto loan company. Lenders often vie with one another to provide you low rate auto loans irrespective of your credit ratings.

Mortgage, auto loan or credit card) the company will look at your credit report. If you are beginning to consider the possibility, here are three things you should know about refinancing auto loans. Learning about them will result in having an awareness of the interest rates on offer on bad credit auto loans.

Does your bad credit always stop you from getting an auto loan? Getting auto loans has become easy; you can now choose from online auto loan lending networks or get an auto loan from your car dealer. An adverse credit auto loan can help you improve your credit history.

Instalment basis like for example auto loans, student loans and mortgages. The interest rate that you will be offered for your loan depends on several factors, such as the condition of the car, amount of down payment, your credit history and the terms of your auto loan. Most auto loan lenders offer bad credit auto loans.

You should always read everything before signing for an auto loan. So, by keeping in mind this necessity, there are many lenders in the financial market who offers auto loans. For those in need of a new vehicle, bad credit auto loans can be just the answer they’ve been looking for.

A huge rate reduction on your auto loan will significantly lower your monthly payment. Can You Get an Auto Loan after a Bankruptcy A bankruptcy on your credit report justifies a credit application denial. Also the process that they use for applying for one of their auto loans is extremely easy and simple do and if you want you can even apply online for it.

The best source for an auto loan may be your local bank or credit union. With all the benefits it is always preferable to go in for the instant approval auto loans by applying online rather than going for any other way.

rickyalwa123 asked:


Just picture that you could acquire a Kia online. Nowadays, people have the means to effectively acquire their preowned Saab on the internet. It might be less expensive to shop for a motor vehicle using the internet. Online Auto dealers can sometimes be a great deal quicker than an auto dealership. Consumers can decide to skip the annoyance of moving around town . Online dealerships could be great for things besides buying previously owned cars. Consumers can get spare parts on the internet . This is specially helpful if you’re refurbishing vintage vehicles.

Anyone can may use auto sales websites to get a luxury vehicle, sport utility vehicle or convertible. Great online auto dealers offer price reductions on brand new cars or SUV’s. Without the expensive overhead of a number of car dealerships, websites may have vehicles for a bargain! There are desirable makes that are brands are available on the internet as well.

When shopping, the web supplies buyers with a lot of relevant information. You can find out the automobile’s past. An informative car record website might supply with a full history of title, accidents, bodywork, repairs & milage. You also have the option to utilize the world wide web to buy insurance coverage. Various respectable insurance companies like State Farm offer coverage policies online. Nearly all auto-owners shop for fuses, camshafts & spark plugs via the internet. People have the ability to apply for a loan for your car via the web , too. Banking companies let you to apply for loans for your motor vehicle instantly on the internet. There’s no question : it’s really more effective to shop for a preowned Mitsubishi surfing the web.

Amy Danise asked:

our neighbors would just drive even less, we’d get lower auto insurance rates.

And that could be in the process of happening. When Americans spend less time on the road, the frequency of auto accidents declines. And when auto accidents go down, so do claims on auto insurance. That gets the ball rolling: When auto insurance companies see their costs on claims declining steadily, they typically respond to market conditions by lowering their auto insurance quotes and, ultimately auto insurance rates in a bid to stay competitive. And voila!, we write smaller checks for our auto insurance premiums.

With run-away gas prices, Americans are already driving less. The Federal Highway Administration (FHWA) reported in May 2008 that Americans are driving at “historic lows.” The estimated “vehicle miles traveled,” or VMT, for March 2008 fell 4.3 percent compared to March 2007, making it the sharpest dip for any month since the FHWA began tracking traffic-volume trends in 1942. Want to follow driving trends? The FHWA publishes monthly “Traffic Volume Trends.”

When auto accident claims go down, auto insurance companies can usually respond fairly quickly. To adjust premiums, they must file new auto insurance rates with every state in which they operate. They can file new auto insurance rates any time they want to respond to market conditions, and many states offer a “file and use” system, where auto insurance companies can file new auto insurance rates and begin using them immediately without prior approval from the state insurance department. Some states even have a “use and file” system, so insurers can implement new auto insurance rates and then officially file them shortly thereafter. This way auto insurance companies can begin passing on savings (or increases) right away.

The nation’s largest auto insurance companies are the first to see trends in accidents and claims payments due to the sheer volume of their claims data. For example, State Farm, the nation’s largest auto insurance company, handles about 19 million auto insurance claims a year (that’s a little over 17 claims per minute, all day, every day).

Robert Passmore, Director of Personal Lines for Property Casualty Insurers Association of America (PCIAA), an industry trade group, says, “This is where you see competition kick in.” He notes that if you live in a state that requires “prior approval,” it would take a longer time to see rate reductions. That means Californians and New Yorkers could be tapping their toes waiting for auto insurance rate reductions while everyone else pockets savings.

Auto insurance companies also note that auto insurance rates have been holding steady or declining over the past few years anyway. For example, State Farm customers in all states have seen rate reductions between Jan. 1, 2004, and Dec. 31, 2007, and customers in 39 of those states saw double-digit percentage rate decreases. (State Farm policyholders in New Jersey got the biggest drop of 29.19 percent.)

Passmore cautions that other factors could offset the trend in reduced driving  specifically, medical costs from bodily injury claims, legal costs relating to claims disputes and repair costs that are, for now, rising faster than the rate at which auto accident claims are going down.

Darn those repair, medical and legal costs! If it weren’t for those, drivers could already be seeing lower auto insurance rates (as we sit at home). However, auto insurance companies generally agree that if we see significant auto accident reductions, lower auto insurance rates won’t be too far behind.

Perhaps at the $6-a-gallon mark?

Will reduced driving mean lower auto insurance rates?

Insure.com asked the nation’s top auto insurance companies whether high gas prices and reduced driving are translating to lower auto insurance rates yet. Here are their answers.

State Farm spokesperson **** Luedke notes that State Farm auto insurance rates have been on the decline nationwide since 2004, but reduced auto accident claims are not yet leading directly to further auto insurance rate reductions: “Our actuaries look at claims data not just to see the recent past, but also to see what might change the future, like gas prices.”

Luedke says there’s no hard and fast rule as to what level of auto accident reduction would spark lower auto insurance rates, but says, “If we saw a reduction as big as 10 percent in accident frequency, we would have reacted long before that.”

Allstate spokesperson Kate Hollcraft says, “We have just recently seen a decline in automobile claim frequency and if this continues through the summer months, we would probably be able to attribute it to a rise in fuel costs.”

Progressive spokesperson Leah Knapp says, “We don’t speculate about future rate changes, but it would be accurate to say that we continuously review market and business conditions, including monitoring losses, so that we can ensure our policies are accurately priced everywhere we do business. When our analysis suggests our rates require adjustment, we may seek to either raise or lower rates accordingly.”

Nationwide Vice President & Policyholder, Standard Auto Product & Pricing, Larry Thursby, observes that “customers are having fewer accidents.” But he notes it’s been that way for a couple of years due to a variety of factors, like an aging population that becomes safer drivers, graduated licensing laws for teens and crackdowns in drunk driving. In addition, potential auto insurance rate reductions due to accident frequency are being offset by inflation in the usual suspects: medical and hospital costs, repair costs and legal costs.

Thursby says that Nationwide has been passing along cost savings by offering guaranteed renewability, lower surcharges and broader “forgiveness” for accidents, fender-benders and minor violations.