News Center, Top Automotive News, Latest Vehicle Data, Digital Media

Billionaire investor Warren Buffett has a strong message for America - he's buying stocks right now. The money making Warren Buffett is letting America in on a little secret explaining that the stock market has taken a beating lately, and now's a great time to get in the game.

The Oracle of Omaha is widely known for buying the right companies at the right time. And although he readily admits that the worst may not be over for the American economy, he says right now is the typi...

Read More...

The following story was also posted online at www.leasetrader.com.

Maple Shade, N.J.-April 11, 2008 (WPVI) -- More and more consumers are having trouble paying their car leases. But exiting a lease early isn't always easy. So some folks are turning to what you might call the match-dot-com of theCar Lease industry.

Carl Vaughn needed to get out of his Car Lease.

"This year I got engaged so I had to get rid of the sports car. I'm sure everyone knows how that goes,&q...

Read More...

MIAMI – (April 10, 2008) – LeaseTrader.com, the company that helps consumers with car lease transfers, announces its monthly Index for March, with the BMW 3 Series again topping the list of America’s most preferred leased vehicle.

The BMW 3 Series continues to top the LeaseTrader.com Index mostly because of its combination of performance, price and affordability. Although the country is in a slowing economic period, Americans that lease vehicles refuse to give...

Some car manufacturers are toying with extra-long auto loans, including Toyota and GMAC, as well as some credit unions. For most consumers, it's a bad, bad deal.

Initially, the lure is compelling: Loan terms for 84 months to 102 months can bring low monthly payments. But, how many consumers actually know what their financial situation will be in seven years or more?

It's worth noting that many car buyers end up trading their cars in after three or four years. So a long-loan pa...

Read More...

LeaseTrader.com on CNBC's Squawk Box

LeaseTrader.com CEO, Sergio Stiberman, appears on CNBC's Squawk Box morning show to discuss the current state of the U.S. auto industry. Along with the Squawk Box hosts, Stiberman talks about the impact the economic slowdown is having on consumers. High gas prices, the housing situation and credit crisis have all played a significant role in consumers turning to LeaseTrader to downsize into something more affordable.

LeaseTrad...

Read More...

he following blog write-up was also posted on www.leasetrader.com.

Leasetrader.com spotlights today what an awful idea it is for consumers to take out a seven year auto loan being offered by companies including Toyota’s captive finance company and others.

I have written about this before, going back to my days at USA Today when automakers wrote tons of bad loans after the terrorist attacks on Sept. 11. One of the awful things that happens is that once upside down in a ca...

Read More...

The following write-up was also posted on www.leasetrader.com.

While auto dealers are often eager to finance customers—they want to sell cars, after all—the terms aren't always favorable to consumers. LeaseTrader.com, which matches up consumers looking to unload their leases with those who want them, sent out a reminder yesterday that seven-year financing terms can be quite expensive:

Similar to the problems plaguing the current housing situation, the...

Read More...

The following story was also posted online at www.leasetrader.com

Driving a sporty car was nice, but with high gas prices and inflation pinching at his pocketbook, Jorge Valdes decided last October to get rid of his white BMW 525i sedan when the $700-a-month lease payments became too much to bear.

Valdes turned to LeaseTrader.com, an online service that allows one car lease owner to transfer it to another before it expires. He passed on the remaining 16 months of his 36-month ...

Read More...

LeaseTrader.com was mentioned as an example of a great benefit to help people get out of their car lease if they no longer can afford the payments. Jean Chatzky, the TODAY Show's personal finance contributor, talked about LeaseTrader.com on her weekly "Money 9-11" segment.  

When someone wants out of their car lease, LeaseTrader.com matches them with someone who wants to take it over for them.

Read More...

MIAMI – (April 1, 2008) – Popular car manufacturers and dealers are now offering 84-month financing on some auto loans. With the current consumer credit situation, this loan program can place anyone into a severe negative equity position for a long time.

Consumers that agree to these terms will pay for their car for seven years. Similar to the problems plaguing the current housing situation, these loans could damage both consumers and banks that participate in the l...