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Financing

Despite escaping CFPB authority, dealer financing could face greater regulation
July 29, 2010 3:25 PM

Even though most car dealer-assisted financing escaped regulation by the new Consumer Financial Protection Bureau (CFPB), it could face additional oversight by federal authorities.As a result of intense dealer lobbying, the Dodd-Frank Wall Street Reform and Consumer Protection Act,...

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Red card: Chrysler FIFA World Cup ad misplaces Challenger factory
June 16, 2010 10:54 AM

Chrysler chose the 2010 FIFA World Cup competition in South Africa to debut a new patriotic ad featuring George Washington driving back the British redcoats in a Dodge Challenger, and their apparent message was that America kicks butt.The ad...

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Senate votes to exempt car dealers from new consumer protections
May 25, 2010 4:38 PM

Car dealers succeeded in a skirmish to try to exclude themselves from new consumer protection regulations. In a non-binding 60-30 procedural vote yesterday, Senators recommended to their leadership that the Senate agree to exempt car dealers from new rules...

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Senate financial protection debate and car loans
April 28, 2010 5:23 PM

Shopping for a car is right up there with having teeth pulled on most people’s list of enjoyable activities. Now Senator Ben Nelson (D-NE) thinks they might not be so different after all. He joined all the Senate Republicans...

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Car buying incentives: Are they a good deal?
March 4, 2010 1:51 PM

Automakers are wheeling and dealing to drive customers into the showrooms. Recently Ford, General Motors, and Hyundai offered conquest deals to Toyota owners to try to lure them away from the brand and now Toyota fighting back with its...

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Toyota offers incentives to boost sales
March 3, 2010 12:03 PM

After being the only major, multi-line automaker to announce a sales decrease for the month of February, Toyota is launching an aggressive campaign to boost sales and bring back customers. Now through April 5th, Toyota is offering 0-percent financing...

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GM, Ford tries to lure Toyota customers with cash
January 28, 2010 1:46 PM

General Motors and Ford are looking to cash in on Toyota’s misfortune by offering incentives to Toyota owners if they trade in their vehicle for a GM or Ford model. One day after Toyota announced they would halt sales...

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Chrysler restarts car leasing program
September 17, 2009 3:37 PM

Yesterday, Chrysler announced its return to leasing, with special rates on the 2010 Chrysler Town & Country, Dodge Caravan, Ram 1500 pickup, and Journey, and the Jeep Liberty and Wrangler. Lease programs are available on all 2010 Chrysler, Dodge,...

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GM leases select Buick, Cadillac, Chevrolet, GMC models
August 5, 2009 12:08 PM

After abandoning leases when the economy swooned last year, General Motors is dipping its toes back in the water. In a pilot program expected to run through August, the company will offer leases through U.S. Bank on the 2009 Cadillac...

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Tax breaks for new car buyers in more states
June 11, 2009 1:09 PM

A few months ago, as part of the economic stimulus package, the IRS announced tax breaks for car buyers. This measures allows state and local sales tax to be deductible from federal income tax. However, that only included states...

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