- BusinessMarketWatch•1 hour ago
Ford Motor Co. (NYSE: F) offers a 0% annual percentage rate (APR) for six years (72 months) across its entire model line, presumably to clear out 2016 models. The deals come at a time when car finance defaults, blamed to some extent on long loan repayment programs, have skyrocketed. Ford has taken on at least some degree of trouble because of the trends. The “Ford Freedom” sales event requires buyers to use Ford Credit APR financing. Ford Credit is part of Ford. That means it takes on either the benefit or problems with the loans. To put the loans in perspective, they will be paid through 2022. According to Carfax: Don’t be fooled into thinking depreciation slows much after the first year. The
- financeAssociated Press•2 hours ago
WASHINGTON (AP) — U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income.