RBI’s 25 bps repo rate cut will bring relief to borrowers by lowering EMIs across loans. This move aims to make borrowing more affordable and boost spending.

Westlake Financial, the largest privately held finance company in the automotive industry, handles over a million vehicle ...

Owning a vehicle comes with numerous responsibilities, from managing fines and insurance to calculating resale value and staying compliant with RTO regulations. Keeping track of all these tasks can be ...

The repo rate (repurchase rate) is the interest rate at which the central bank lends money to commercial banks when there is a shortage of funds.

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with the ...

The Judge used to be a dealer drag racing car in the seventies, fitted with two Ram Air V V8s, an engine that never made it ...

In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and ...

Additionally, the bureau said finance companies were increasingly more likely to use third parties — forwarders — to manage the repossession process ... and finance a car,” CFPB director ...

The CFPB reports a rise in auto repossessions in December 2022, surpassing pre-pandemic levels, and an increased use of third-party forwarders, raising costs for consumers.

The Consumer Financial Protection Bureau found that auto lenders' use of reposession agents spiked to nearly 70% in 2022, up from 31% in 2018, resulting in higher costs for consumers.

CFPB Director Rohit Chopra pointed out that supply chain disruptions and higher interest rates have pushed up the costs of buying and financing a car. He emphasized the importance of enabling ...

Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development.