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Automotive News Archive31-Mar-20095 Great Used Cars for Bargain Hunters Five used-car gems that are easy on both fuel and your wallet. Rebates Can Bail Out Underwater Car Loans New-car buyers can rescue themselves from "upside-down" auto loans by using rebates to pay off their existing notes. Where's My Car-Payment Bailout? Bailing out on high car payments is tougher with a lease than with conventional financing. Agencies Unlikely to Swap Car Loans Because car loans typically are not assumable, agencies are unlikely to offer a driver a swap. Credit Freeze Leaves Car Dealers Shivering GMAC tightens lending standards for new cars. Some Cars Save More than Gas A vehicle that runs on alternative fuel could provide big tax breaks. Auto Lenders Won't Add Old Balance to New Loan Don't expect today's lenders to add your current loan balance to your new vehicle loan. Industry Troubles Cloud L.A. Car Show Attendees burdened by failing economy, weak sales Average Gas Price Down to Nearly $3 a Gallon Price of oil drops to below $70 a barrel, leading to OPEC panic.
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