Shreveport, NOLA Lead Nation in Auto Loans!

It seems auto loan availability is alive and well in the South.
Several of the top 10 locations with the most auto loan debt are in the
Heart of Dixie, along with a few locations scattered on the east coast,
according to a list compiled by Manilla.com. In fact, the two cities with the highest debt are right here in Louisiana:  Shreveport and New Orleans.

There
are various reasons given for this phenomenon, but it seems the common
theme is a stronger economy in the South. Encouragingly, it also seems
that while auto loan debt is up, the number of delinquencies on these
loans is down. We can hope that the economy is bouncing back, one state
at a time, beginning with the Heart of Dixie! Of course, if you need to finance a car in Shreveport, or anywhere in the Pelican State, we’re here to help!

Read the full article here:
http://www.usatoday.com/story/money/2013/11/16/auto-loan-debt/3588667/

First Castle FCU Auto Loans: 3.45% APR!

Despite the struggling economy, buying a new car is possible for everyone thanks to First Castle Federal Credit Union. For a limited time, you may be able to get a loan for as low as 3.45-percent. As long as there’s no more than 5,000 miles on a 2010 vehicle or newer, you can apply for this super low rate. All you need is to pass a credit check and you could be behind of the wheel to a great vehicle at an amazingly low rate.

Read the full article here:
http://www.gobankingrates.com/auto-loans/rate-deal-first-castle-federal-credit-union-345-apr/

GM’s Screening Test under Scrutiny Following Vehicle Fire

The U.S. National Highway Traffic Safety Administration has fixed its thoughtless focus on General Motors Co. after it had learned of some of the American carmaker’s sedans catching fire. Specifically, NHTSA is trying to learn whether or not GM’s screening stress tests are adequately effective.

The probe into the stress tests comes just two months following GM’s recall of nearly 43,000 2013 model year Chevrolet Malibu Eco cars and 2012 and 2013 model year Buick Regal and LaCrosse sedans to fix circuit boards that could possibly overheat and start fires. The minor risk posed by the faulty circuit boards is that they could lead to engine stalls. GM says that it has not received any reports of accidents, injuries, or deaths caused by the circuit boards.

NHTSA says the stress-test probe is needed because the reported fires have brought “into question whether or not the procedure can effectively identify a defective (control module).”