Archive | financing

Wells Fargo Faces $1 Billion Government Fine Over Auto Insurance Scandal: Report

Wells Fargo, the bank accused of unfairly charging high auto collateral protection insurance to hundreds of thousands of customers, may face a fine of $1 billion from the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, according to the New York Times.Read more… Continue Reading at http://jalopnik.com

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This Free And Easy App Can Prevent You From Getting Ripped Off At A Car Dealership

There are all kinds of websites, platforms and startups that are supposed be “disrupting” the whole car buying process, yet every day people end up with bad deals. But the most powerful tool is something buyers have had for a while, and they don’t even have to download it.Read more… Continue Reading at http://jalopnik.com

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Watch Out For Dealers That Offer A Low Price With A High-Interest Rate

Buying a car shouldn’t be that complicated. You shop around, you get a quote, and make your purchase. Still, we all know it’s not simple because some dealers will use various deceptive and tiresome tactics to make it seem like their quote is the best when it may not be—including pairing a crazy low price […]

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Wells Fargo Likely Has No Idea How Much Its Auto Insurance Scandal Will Cost Them

Wells Fargo has said it set aside $80 million to reimburse more than 570,000 customers who were forced by the bank to purchase auto insurance they didn’t need. But a confidential report from the Office of the Comptroller of the Currency suggests Wells has likely underestimated how much it would cost to reimburse…Read more… Continue […]

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How Wells Fargo Screwed $80 Million Out Of Customers Using Unnecessary Car Insurance

A week after New York resident Juan Thomas bought a 2004 BMW 745i, in December 2012, the bank that financed the purchase—Wells Fargo—contacted him to say that he needed additional auto insurance for the vehicle. This was a bit odd, mainly because the car was already insured. “It didn’t sound right to me,” Thomas said.…Read […]

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You Can Get A Really Good Deal On Used Car Loans Right Now

There is a battle happening on dealer showrooms right now. Right now, heavily discounted new cars are facing off against an excessive inventory of pre-owned models. The winner of this fight could be you, if you play your cards right. In order to help move used cars, automakers and banks are offering incredibly cheap…Read more… […]

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There Is No Magic Solution To Your Underwater Car Loan

It’s unfortunate that some people get buried in debt. I frequently get emails from folks underwater on their car loans and most are hoping for some solution that defies the laws of mathematics. Here’s the real answer: there is no real answer.Read more… Continue Reading at http://lifehacker.com

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