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Consumers with higher income often spend more on luxury goods. As a result, lowerincome consumers who seek to increase their perceived income and social status may be motivated to purchase conspicuous luxury goods. Lower-income consumers may also desire to emulate the visible consumption displayed by their wealthier peers. Using a unique vehicle financing dataset, we find that consumers with lower credit scores value vehicle brand prestige more than average consumers. The stronger preferences for prestige lead non-prime consumers to purchase more expensive vehicles than they otherwise would have. We find evidence that the preferences for prestige are driven both by status signaling and peer emulation motives. Furthermore, we show that larger vehicle purchases financed by auto loans lead to worse loan performance and credit standing for non-prime consumers. [ABSTRACT FROM AUTHOR]

This represents approximately 2.5%of India's total passenger vehicle market [ABSTRACT FROM AUTHOR]

This represents approximately 2.5%of India's total passenger vehicle market [ABSTRACT FROM AUTHOR]

This dual benefit of reduced interest rates and waiver of processing fees will help alleviate financial burden for its customers and support their financial journey [ABSTRACT FROM AUTHOR]

The fixed rate of interest for Baroda Car Loans is pegged to the Bank's 1-year MCLR [ABSTRACT FROM AUTHOR]

The fixed rate of interest for Baroda Car Loans is pegged to the Bank's 1-year MCLR [ABSTRACT FROM AUTHOR]

The NBFC also offers a high-value top-up of up to 180% of their car's value [ABSTRACT FROM AUTHOR]

Vehicle purchases fell by more than 20 percent during the 2007-09 recession, and auto loan originations fell by a third. We show that vehicle purchases typically account for an outsized share of the contraction in economic activity during a recession, in part because a concurrent tightening in auto lending conditions makes car purchases less affordable for many households. We explore the link between lending conditions and vehicle purchases with a novel gauge of credit supply conditions-household perceptions of vehicle financing conditions as measured on the Reuters/University of Michigan Survey of Consumers. In both a vector autoregression estimated on aggregate data and a logit regression estimated on household-level data, this measure indicates that credit conditions are a significant influence on auto sales, as large as factors such as unemployment and income. Estimates from the household-level model show that the new car purchases of households that are more likely to depend on credit are particularly sensitive to assessments of financing conditions, and that households are a bit more likely to purchase vehicles when they expect interest rates to rise in the next year. The results contribute to the literature validating the usefulness of survey measures of household perceptions for forecasting macroeconomic activity. [ABSTRACT FROM AUTHOR]

The article focuses on the disparities of the interest rates of a variety of consumer loan using a reduced-form framework. It says that a statistically significant degree of unexplained racial dispersion even after attempting to control for default risk is exhibited by the interest rates on first and second mortgages, automobile loans, and other consumer loans. It adds that racial dispersion in rates is less robust and generally appears to fall off for loans which originated after 1995.

ICICI Bank plans to offer other retail loans such as personal, auto and credit cards on this platform [ABSTRACT FROM AUTHOR]

ICICI Bank plans to offer other retail loans such as personal, auto and credit cards on this platform [ABSTRACT FROM AUTHOR]

Two blockbuster premium products of NEXA, the New Age Baleno and the All-New XL6 will now feature the S-CNG system [ABSTRACT FROM AUTHOR]

Customers can avail the benefits of digital banking and offers of the special campaign across all its 880 Branches [ABSTRACT FROM AUTHOR]

The article discusses the unwinding of the stake of the U.S. government in relation to its provision of assistance for banking company Ally Financial, formerly known as automobile financing company General Motors Acceptance Corporation (GMAC) through Troubled Asset Relief Program (TARP). Topics discussed include background on financial challenges faced by the U.S. motor vehicle industry in 2008-2009, provision of TARP assistance, and rational for assistance to automobile financing companies.

The article discusses the Congressional Research Service report titled "The Advanced Technology Vehicles Manufacturing (ATVM) Loan Program: Status and Issues" by Industrial Organization and Business Specialist Bill Canis and Section Research Manager Brent D. Yacobucci. Topics cited include the aims and mission of the ATVM Loan Program, the status of the U.S. motor vehicle industry as of January 15, 2015 and the legislative history of the ATVM program.

Under this arrangement, Mangalam will provide auto loans for the high and low speed electric two-wheelers of Wardwizard [ABSTRACT FROM AUTHOR]

The bank offers personal loans, credit cards, auto loans and small business loans through the account aggregator system [ABSTRACT FROM AUTHOR]

The bank offers housing and car loan with rates starting from 7.30 per cent and 7.70 per cent, respectively [ABSTRACT FROM AUTHOR]

Tata Motors' customers would be able to avail car loans from over 5,700 branches of Indian Bank across the country [ABSTRACT FROM AUTHOR]

This strategic partnership aims to provider customised car loans for customers [ABSTRACT FROM AUTHOR]

This strategic partnership aims to provider customised car loans for customers [ABSTRACT FROM AUTHOR]

The lender has 68 per cent of its assets in the unsecured micro loan segments as of March 2022 [ABSTRACT FROM AUTHOR]

This industry first facility is expected to revolutionise the way car financing is done in the country [ABSTRACT FROM AUTHOR]

This industry first facility is expected to revolutionise the way car financing is done in the country [ABSTRACT FROM AUTHOR]

The new rate and the concessional processing charges are applicable for purchase of a new car [ABSTRACT FROM AUTHOR]

The scheme is open till June 30, 2022 [ABSTRACT FROM AUTHOR]

The scheme is open till June 30, 2022 [ABSTRACT FROM AUTHOR]

The bank is market leader in Auto & Unsecured Loans in the state [ABSTRACT FROM AUTHOR]

The bank is market leader in Auto & Unsecured Loans in the state [ABSTRACT FROM AUTHOR]

As the idea of banning debt collectors in Russia went nowhere, borrowers have rushed to repay loans. Since early 2016, the average payment on auto loans has increased by 66%, [...]

The primary objective is to provide exceptional customer experience, and upscale lending through digitization [ABSTRACT FROM AUTHOR]

Through the platform, the company introduced a multi financier, end-to-end, online car financing solution [ABSTRACT FROM AUTHOR]

The primary objective is to provide exceptional customer experience, and upscale lending through digitization [ABSTRACT FROM AUTHOR]

The article presents a report of the U.S. Congressional Research Service that focuses on several aspects of automobile loans in the U.S. It mentions that the U.S. Federal Trade Commission's Bureau of Consumer Protection (CFPB) in coordination with the U.S. Dept. of Justice has issued consent orders to settle enforcement actions against American Honda Finance Corp., Toyota Motor Credit Corp.

The refund will be credited to the customer's repayment bank account as registered with the bank and asked customers to get in touch with it in the next 30 days [ABSTRACT FROM AUTHOR]

The refund will be credited to the customer's repayment bank account as registered with the bank and asked customers to get in touch with it in the next 30 days [ABSTRACT FROM AUTHOR]

RBI has imposed a penalty on bank for deficiencies in regulatory compliances with regard to its auto loan portfolio [ABSTRACT FROM AUTHOR]

The one-year tenor -- which is the benchmark for all consumer loans such as auto, retail, housing -- has been reduced to 7.45 per cent from 7.5 per cent [ABSTRACT FROM AUTHOR]

It is offering a waiver of 0.25 per cent in the existing applicable rates for Baroda Home Loans (under take over cases only) and Baroda Car Loans [ABSTRACT FROM AUTHOR]

The bank used to bundle vehicle tracking devices along with auto loans sold by it, resulting in an additional cost to the borrower [ABSTRACT FROM AUTHOR]

Karur Vysya Bank has informed about a Press Release dated June 17 2020 titled 'Karur Vysya Bank partners with Maruti Suzuki to offer car loans at attractive terms'. The above information is a part of company's filings submitted to BSE. [Extracted from the article]

The bank is offering a special product for buyers of Maruti Suzuki vehicles under which 100% on-road finance with a 6 month holiday period is provided at attractive interest rates [ABSTRACT FROM AUTHOR]

Orient Electric has launched its new range of energy efficient inverter air-coolers powered by ECM [ABSTRACT FROM AUTHOR]

The partnership aims to provide customized and attractive car loans for customers [ABSTRACT FROM AUTHOR]

Introduction of KBL Xpress Car Loan allows in-principle sanctions in less than 20 minutes at customer's choice of place and time [ABSTRACT FROM AUTHOR]

Introduction of KBL Xpress Car Loan allows in-principle sanctions in less than 20 minutes at customer's choice of place and time [ABSTRACT FROM AUTHOR]

The arrangement is for Asset backed finance business i.e., loans for Car, Commercial Vehicles and Construction Equipment, both new and used [ABSTRACT FROM AUTHOR]

The RLLR will be effective for loans sanctioned from September 01, 2019 [ABSTRACT FROM AUTHOR]

This helps the Bank to reduce the transit time thereby making the loan sanction quicker and accurate [ABSTRACT FROM AUTHOR]

This service is inclusive of products such as personal loan, home loans, loan against property, auto loans, and credit cards offered by ICICI Bank [ABSTRACT FROM AUTHOR]