Used Car Loan Blog

Tesla Motors Inc. (TSLA), the electric-car
company led by Elon Musk, is using the last of its $465 million
in US loans and plans to start repaying them by the end of the
year, the first startup to fulfill requirements of the
criticized program.

The maker of Roadster sports cars had $104.5 million left
as of March 31 of the Energy Department loans awarded in June
2009, Tesla said in a regulatory filing. The remaining funds
will be used by the third quarter, with repayments to begin in
December, Chief Financial Officer Deepak Ahuja said.

“We are delivering on the milestones, what we’ve committed
to,” Ahuja said yesterday in a phone...

of total advances, reduced interest rates on auto loans by 75 basis points from 12 per cent to 11.25 per cent and interest rates on loans to select small and medium enterprises (SME) by up to 200 basis points effective April 21. SBI is yet to make a formal announcement. Interest rates on home loans will remain unchanged.

For now, the bank has decided to keep the base rate intact, but has decided to ease the lending rates wherever interest rates are on the higher side. SME loans up to Rs 1 lakh covered under the credit guarantee fund for micro and small enterprises will stand to benefit the most under these reductions.

Following this, SBI will offer the cheapest car loans. Competitors...

KUALA LUMPUR, May 13 Some 500 traders plan to hold a protest outside Bersih co-chair Datuk Ambiga Sreenevasans house on May 24 over the April 28 Bersih rally for free and fair elections, which they say disrupted their business.

We are planning to stage a protest… as we want the rally organisers to take responsibility for their actions and compensate traders, Malaysia Small and Medium Entrepreneurs Alliance (Ikhlas) president Mohd Ridzuan Abdullah was quoted as saying by The New Sunday Times.

Our members have financial obligations to settle, such as bank and car loans. We want compensation from rally organisers for the losses our members suffered, he added.

A days...

WASHINGTON (FinalCall.com) - Along with liquor stores, carry outs, and beauty supply stores that clutter urban communities are car dealers that prey on people with bad, low or no credit. They promise a deal, you sign on the dotted line, give them your hard earned cash and leave with the car of your dreams.

Days later, sometimes even the next day, you get a call.

“I was told to come back in because there was a problem with my credit,” explained Tyrell McLaughlin. “I knew something was wrong with my credit when I walked in their door which was why I went there. I didn’t understand what was going on. I thought the deal was sealed but everything changed when...