Bad News for Finance Company Means Good Deals on Used Cars

Following financial news is about as invigorating as watching cantaloupe ripen, which is why the vast majority of us don’t include it as a regular pastime.

Financial developments, though, can have lasting impacts on our lives and affect the ease with which we buy houses, cars, and other items that typically require financing. Trends in the automotive finance industry can also provide a glimpse into the future of car prices and help us find the perfect timing for purchasing a new or used car.

With that in mind, we have some interesting news to share from Ally Financial, formerly GMAC, that might be good news for used-car shoppers who love to take home a great deal.

The news is not so great if you’re an automaker, a dealership, or the CEO of Ally. Continue reading >>>