New-car drivers fueling drop in gas consumption, pollution
  American drivers finally have had enough of gas-guzzling vehicles, it seems, based on evidence collected over the last five years. That also has fueled a significant decline in greenhouse gases – pollution. New vehicle models purchased last month – including all new cars, SUVs and light trucks – got 24.1 miles per gallon on average, The Washington Post’s “WonkBlog” reported Dec. 5. That compares with an average of just over 20 miles a gallon for new vehicles in fall of 2007. “New cars bought in the fall of 2012 are using about 15 percent less fuel per mile than cars… Read More

Auto finance companies – top five factors to evaluate
  Shopping for a vehicle – new or used car, pickup or SUV – should begin with a careful search for financing (unless you’re paying with cash). Then, when you find and select a vehicle you can live with, you’re better prepared to make the purchase on your terms. It’s easier said than done, of course. But help is available, especially online, if you know where to look. Take, for example, TopTenReviews website, which provides details of the major categories comprising more than two-dozen specific considerations that could affect your decision. “When you’re considering an automobile loan, it’s important to… Read More

Best 2013 cars for Christmas under $25,000
Automobile makers have some Christmas fun each year posing their new vehicles with bows and ribbons, surrounded by snow, skiers, sleighs, happy families or other holiday trappings, in advertisements and TV commercials. Often the featured vehicles are among the priciest – luxury model or manufacturer. Of course, the goal is to entice Santa to make a big impression by putting one under the Christmas tree –or at least in the driveway – for the family to discover in the morning to their obvious delight. As exciting and impractical as that might seem, autobytel, automotive website, has offered its “10 Best… Read More

Sovereign-Santander presents $150,000 check to American Red Cross for Hurricane Sandy relief efforts
PHILADELPHIA (PR Newswire) - Sovereign Bank, a wholly-owned subsidiary of Banco Santander, presented a $150,000 check to the American Red Cross for Hurricane Sandy relief efforts.  As the official bank of the Philadelphia Eagles, Sovereign-Santander presented the check at the Eagles' home game Dec. 13 against the Cincinnati Bengals of which Sovereign-Santander was the presenting sponsor. Jorge Moran, President and CEO of Sovereign Bank and Santander US Country head, presented the $150,000 check to the American Red Cross during the game. Accepting the donation was Judge Renee Cardwell Hughes, CEO of the Southeastern Pennsylvania American Red Cross. This donation adds to… Read More

Making the case for 7-year auto loans?
The thought of financing an automobile for more than five years might have seemed crazy not too long ago, akin to the idea of a 40-year-plus mortgage loan. But, apparently, not so much anymore. As the average lifespan of vehicles increases and interest rates stay low, longer financing terms have become more commonplace – to the point that auto loans of up to seven years not only are thinkable to consumers and lenders, alike, but actually occur with some frequency. “The biggest area of growth in auto loans is among those with repayment periods of 73 to 84 months, which accounted for nearly 16… Read More

Fresh Start Auto Loans
We all need a "reset button" in our lives from time to time. With fresh start auto loans, consumers get two things at once: financing for the car, truck or SUV they need, and a second chance to rebuild credit for their future. In financial matters, people sometimes have to go with options such as bankruptcy (chapter 7 or 11), foreclosure or other less drastic measures. Unfortunately, these actions can have severe consequences. But they also provide a way to continue on, to live to see another day. Fresh start auto loans can help people who have gotten their finances… Read More

What is the best-selling vehicle in U.S.?
The best-selling vehicle in the U.S. in November – all year, in fact – wasn’t a car. It was a pickup truck. With more than 56,000 purchased during the month, the Ford F-Series pickup topped the list of best-selling vehicles, according to figures compiled by the Market Data Center. The F-Series also leads year-to-date sales with nearly 580,000 vehicles driven off dealers’ lots in 2012. Though far behind the Ford F-Series, other top sellers in November – and their year-to-date sales – were Chevrolet Silverado pickup (30,674 and 367,613), the Honda Civic (30,075 and 284,791) and the Toyota Camry… Read More

Looking for advice on shopping for a new car?
  Look before you leap – or in this case, before you drive. Shopping for a new automobile is not as simple as it sounds, unless you want to run the risk of buyer’s remorse once you drive your just-purchased vehicle off the dealer’s lot. But there are experts out there who can offer guidance to finding your perfect vehicle. Progressive auto insurance, for example, offers tips on getting what you want and can afford, no remorse. “Shopping for a new car involves a lot of research and negotiation,” Progressive says on its website. Following a few new car buying… Read More

Roadmap to Smooth Ride on Loan Payments
Run a red light and you may be stopped by the police and ticketed. Speed on the thruway, there’s a chance you’ll be pulled over. Drive unfamiliar roads or streets without a map and you do so at your own peril and are liable to get lost. Even when we carefully check a roadmap, we can make a wrong turn, but the chances are less. A similar outcome is possible with our car and other finances. It is important to read and understand contractual obligations before signing a loan or retail installment contract, just as we would look at a… Read More