In a move that may impact the auto-lending market starting this summer, Toronto-Dominion Bank is offering vehicle-return programs to consumers who use TD Auto Finance as the lender.
Several scenarios – from layoffs to international job transfers – are covered as a way to encourage consumers into the car market, and to borrow from TD.
The bank is believed to be the only major financial institution in Canada to introduce such a program.
Earlier deals were created by auto makers such as Hyundai during the worst of the 2009 downturn, during which consumers worried about job security put off buying vehicles.
The move underscores the pressure on Canadian banks...
* Skirts recession as GDP for 2011 revised up, Q1 weak
* Lenders give thumbs-up but say growth outlook modest
* Exports robust but personal consumption still weak
* Fin min says confident on growth, budget targets
By Padraic Halpin and Conor Humphries
DUBLIN, July 12 (Reuters) – Irelands economy shrank in the
first quarter of the year but exports held up well, bolstering
government hopes of meeting budget targets as international
lenders praised the countrys commitment to a tough bailout
While the quarterly contraction was unexpected, an upward
revision of earlier numbers meant it steered clear of recession
We have used performance data from BMW Banks leasing portfolio and from
previous transactions to analyze credit risk. We expect to see about 3% of
defaults in the securitized pool. In comparison to Bavarian Sky SAs
Compartment 2, we reduced our baseline expectations to reflect our assumption
of a continued stabilization of the German economy, as well as our view of the
effects of certain operational changes that BMW Bank has made in its
origination and servicing processes in the past few years. We have analyzed
credit risk by applying our European consumer finance criteria (see European
Consumer Finance Criteria, published on March 10, 2000).
CONSUMER FINANCE: Housing Inventory Plunges in Some Places
–Housing inventory is shrinking in many parts of the country, but shadow inventory is piling up
–On a national basis, listed inventory was down 20.4% in May, compared with May 2011, according to NAR.
–Some believe these shortages, as well as any subsequent rise in prices, are likely temporary
By Amy Hoak
In the Seattle area, it is not unusual for there to be multiple offers on homes in the most popular neighborhoods.
In Washington, DC, some prospective buyers arent finding a home they want on the market so they are online daily,
hoping a new listing...
By A Staff Reporter -
MUSCAT — BankMuscat, the flagship financial institution in the Sultanate, has launched an attractive Sayyarati auto loan campaign coinciding with the high Ramadhan auto sales season. The Sayyarati offer includes the lowest monthly payment option, lower interest rates and financing up to 8 years for new vehicles.
The main features of Sayyarati auto finance include on-the-spot approvals, simple and clear documentation and motor insurance funding with currently the lowest monthly payments in the market. Customers are also not required to furnish post-dated cheques, making Sayyarati the easy, convenient and completely hassle-free way to own a new car. Notably,...
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July 04 -
– We have raised our ratings on the class C1 and C2 notes following the
application of our 2012 counterparty criteria.
– The remainder of the outstanding notes in this transaction (classes A,
B, and D) are not affected by our…
Get the total, precise explanation of the auto loan...
We can provide you with a low percentage rate auto loan...
Last month the Government finally published its long-awaited plans to reform Irelands antiquated personal insolvency legislation.
The new Personal Insolvency Bill proposes a number of reforms designed to help borrowers — including both those with secured loans, ie mortgages, and unsecured loans, which they are unable to repay in full — to either write off their debts or reduce them to manageable proportions.
For borrowers with unsecured debts such as bank overdrafts, personal loans, car loans and outstanding credit card balances, the Bill introduces two new debt resolution mechanisms.
For borrowers with unsecured debts of less than euro;20,000 with no assets...
Muscat: BankMuscat, the flagship financial institution in the Sultanate, and Zawawi Trading Company (ZTC), the authorised general distributors of Mercedes-Benz in Oman, have joined hands for the first time to extend an attractive auto loan offer during the Holy Month of Ramadan.
The partnership paves the way for exclusive deals on Mercedes-Benz vehicles, including attractive interest rate on Sayyarati auto loan from BankMuscat. The auto finance scheme with repayment period extending up to eight years can be availed through a simple and expeditious documentation process.
Amjad Iqbal Hassan Al Lawati, Head, Products Services, said: Oman is home to one of the largest car loving...
Three people were wounded when unidentified assailants threw grenades at two auto dealerships in Ciudad Victoria, the capital of the northeastern Mexican state of Tamaulipas, state officials said.
The attacks occurred Wednesday afternoon at auto dealerships located less than 200 meters (about 220 yards) from each other, the Tamaulipas Attorney Generals Office and the Public Safety Secretariat said in a statement.
One of the grenades set a vehicle on display outside the Renault dealership on fire.
The second grenade damaged the exterior of the Volkswagen dealership a short distance away.
Three people at the Volkswagen dealership suffered minor wounds and were taken...