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Biden polls better than Clinton against top GOP
Nassim Taleb’s ‘Black Swan’ fund made $1 bln
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5 silly new words in the Oxford dictionary

Apple will double the cost of next Apple TV
Apple will double the cost of next Apple TV

Apple, Amazon, Google shares on shopping lists

Scott Walker wants to build a wall — with Canada
Scott Walker wants a wall — with Canada

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Italy’s Eni discovers ‘supergiant’ gas field off Egypt

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Now is the time to fix your investment portfolio
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Facebook users flood Zuckerberg with thanks


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By this measure, stocks have weathered the worst

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Meet the author of a best-read Wall Street blog

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New Orleans 10 years after Hurricane Katrina
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/conga/frontpage.html 353648

Markets »

131.79MDow Volume:
Avg Vol: 112.32M
Unchanged
186
Decliners
2190
Advancers
4209
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,643 -12 0.07%
Nasdaq
/quotes/zigman/12633936/realtime 4,828 +16 0.32%
S&P 500
/quotes/zigman/3870025/realtime 1,989 +1 0.06%
GlobalDow
/quotes/zigman/629063/realtime 2,373 +13 0.54%
Gold
/quotes/zigman/662444/delayed 1,133 +11 0.95%
Oil
/quotes/zigman/2331095/delayed 45.33 +2.77 6.51%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,299 -17 0.17%
CAC 40
/quotes/zigman/3173214/delayed 4,675 +17 0.36%
FTSE MIB
/quotes/zigman/1482176/delayed 21,994 -208 0.93%
IBEX 35
/quotes/zigman/2759620/delayed 10,353 +63 0.61%
Stoxx 600
/quotes/zigman/2380150/delayed 363 +1 0.28%
Asia Dow
/quotes/zigman/6959860/realtime 2,798 +45 1.64%
Nikkei 225
/quotes/zigman/5986735/delayed 19,136 +562 3.03%
Hang Seng
/quotes/zigman/2622475/delayed 21,612 -226 1.04%
Shanghai
/quotes/zigman/1859015/delayed 3,232 +149 4.82%
Sensex
/quotes/zigman/1652085/delayed 26,392 +161 0.61%
Singapore
/quotes/zigman/1709939/delayed 2,956 +11 0.36%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.00%
Yen
/quotes/zigman/16008150/realtime/sampled 121.70 0.00 0.00%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 0.00 0.00%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 0.00 0.00%
DXY Index
/quotes/zigman/1652083/delayed 96.15 +0.38 0.40%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.50 0.00 0.00%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.18 0.00 0.12%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.00 0.17%
Italy 10yr
/quotes/zigman/15866497/realtime 1.91 -0.02 0.80%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 +0.01 0.26%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 -0.01 2.48%
Crude Oil
/quotes/zigman/2331095/delayed 45 +3 6.51%
Gold
/quotes/zigman/662444/delayed 1,133 +11 0.95%
Corn
/quotes/zigman/7599553/delayed 374 -1 0.20%
DJIA F
/quotes/zigman/38649152/delayed 16,632 -18 0.11%
S&P F
/quotes/zigman/30356461/delayed 1,986 -3 0.15%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.89%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 91.01 1.28 1.43%
AAPL /quotes/zigman/68270/composite 113.29 0.37 0.33%
GOOG /quotes/zigman/30194416/composite 630.38 -7.23 -1.13%
BAC /quotes/zigman/190927/composite 16.36 -0.08 -0.49%
C /quotes/zigman/5065548/composite 53.28 -0.16 -0.30%
F /quotes/zigman/264304/composite 13.74 0.18 1.33%
T /quotes/zigman/398198/composite 33.29 -0.15 -0.45%
BP /quotes/zigman/247026/composite 33.26 0.23 0.70%
GE /quotes/zigman/227468/composite 25.16 0.15 0.60%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Car Loans Easier to Score Than Good Deals

Car loans may be getting easier to come by, but that doesn’t mean they are always a good deal.

Banks and lenders may still be reluctant to lend to all but the most creditworthy homebuyers, but they’re increasingly doling out money to consumers buying cars, including borrowers with low credit scores, according to a report today in The Wall Street Journal. These looser standards are likely responsible for the 5.7% increase in total outstanding car loans Experian reports for the second-quarter compared to a year ago.

But with many borrowers facing sky high rates, advisers say the loans are far from affordable. Indeed, while car loan interest rates for borrowers with near-perfect credit remain at around 3% on average, buyers with bad credit pay up to 10 percentage points extra, according to Experian. During the first quarter of this year, borrowers who signed up for a new car loan and had credit scores ranging from 620 to 679 received an average rate of 6.5%, while those with scores from 550 to 619 got a 9.9% average rate, and borrowers with scores below 550 signed up for a 12.9% rate on average. (Scores are based on the PLUS score range of 330 to 830.)

For the many borrowers with bad credit — nearly one-half of auto loans were subprime (that’s borrowers with a score below 680) in the first quarter, according to most recent data from Experian — “it’s hard to see how that’s a good proposition,” says Chris Kukla, senior counsel for government affairs at the Center for Responsible Lending. Buyers, after all, pay thousands of dollars extra in interest over the life of their loan. On an average $25,995 car loan, a borrower in the highest credit bracket with a 3.2% rate will pay $2,323 in interest over 64 months of repaying the loan (the average repayment period) while a borrower with a 12.9% rate will pay roughly $10,100 in interest.

Lenders counter that extending car loans to subprime borrowers is the first step to loosening credit overall standards. “It shows a sign of optimism on the part of banks and lenders,” says Robert Strand, senior economist at the American Bankers Association. Car loans present a smaller risk to banks because they’re a smaller dollar amount and are repaid over a faster period than mortgages, and if borrowers fall behind on payments repossessing a car is easier than a home, says Strand. They also present a profit opportunity given the spread between the low rates banks pay out to consumers on deposit accounts compared to the interest they earn from these loans.

Borrowers with high credit scores have several opportunities to save on car loans. Lender rates remain affordable at around 3% on average, according to Experian. In addition, they can qualify for rates of 0% to 1% at dealerships on many car models. For everyone else, here are four strategies to get a better deal on an auto loan.

Get approved for a loan before arriving at the dealership. Consumers with poor credit who need a new car might want to shop around for loans first and the cars second. Banks and credit unions tend to offer lower rates to these borrowers, says Alec Gutierrez, senior market analyst for automotive insights at Kelley Blue Book. When dealerships give out car loans, they often get them from banks and tack on an extra one to two percentage points that they keep as profit, Gutierrez says.

Wait until the fall. Borrowers who decide to go with a dealership may find it pays to wait. In September and October, most 2013 models will arrive at dealerships, and they’ll roll out incentives to unload the remaining 2012 models, which could include lower rates on car loans. Borrowers with low credit scores could end up with a rate that’s one to two percentage points lower than what they’d get now, Gutierrez says.

Make a larger down payment. Just like a mortgage, larger down payments often result in lower interest on car loans. Borrowers who have extra cash on hand should ask how their rate will change if they put more money down than they originally offered, or if they’re planning on selling their existing car, they can trade it in at the dealership and use its value as part of the down payment on the new car, says Thomas King, a senior director who tracks vehicle sales transactions at J.D. Power and Associates.

Bite the bullet…and then refinance. Whatever rate they get, borrowers should keep in mind that it’s not set in stone. If they’re able to improve their credit score, they can refinance into a lower rate. Most banks and credit unions refinance car loans. And unlike refinancing mortgages, borrowers don’t incur hefty fees when refinancing a car loan.

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Open in:

need to know
Biden polls better than Clinton against top GOP
Nassim Taleb’s ‘Black Swan’ fund made $1 bln
Staples, Office Depot to delay close of merger
PBF Energy chemical leak in Del. refinery
5 silly new words in the Oxford dictionary

Apple will double the cost of next Apple TV
Apple will double the cost of next Apple TV

Apple, Amazon, Google shares on shopping lists

Scott Walker wants to build a wall — with Canada
Scott Walker wants a wall — with Canada

Italy’s Eni discovers ‘supergiant’ gas field off Egypt
Italy’s Eni discovers ‘supergiant’ gas field off Egypt

Sunday is Warren Buffett's 85th birthday
Happy 85th birthday to the $67 billion man


Now is the time to fix your investment portfolio
Now is the time to fix your investment portfolio
Both worry, be happy stocks aren’t a sure bet

Facebook users flood Mark Zuckerberg with thank you’s
Facebook users flood Zuckerberg with thanks


‘War Room’ is a ‘resounding success’ at box office

10 money stories you might have missed but shouldn’t have
10 money stories you shouldn’t have missed

By this measure, stocks have weathered the worst
By this measure, stocks have weathered the worst

Atlantic hurricanes lose sway over oil-and-gas market
Atlantic hurricanes lose sway over oil, gas markets

Blue-chips with fat dividends offer value


These are the best jobs for millennials
These are the best jobs for millennials


Have kiddie birthday parties gone too far?

Parents: You’re putting your kids in danger
Parents: You’re putting your kids in danger

Cheeseburgers and happiness always on the menu for Warren Buffett — and Jimmy Buffett, too
Farrell: Recipes for happiness, from Buffett and others

Harry Styles makes more waves for SeaWorld
Harry Styles makes more waves for SeaWorld

Never use a market order when stocks are selling off
Schwab site hit by outages in busy trade stretch
Lack of fear means this correction isn’t finished

Most imposing stock ‘wall of worry’ in 5 years
Worried? With good advice, you won't be

Meet the author of one of Wall Street’s best-read blogs
Meet the author of a best-read Wall Street blog

New Orleans 10 years after Hurricane Katrina
New Orleans 10 years after Hurricane Katrina
Hurricane Katrina: Looking back and forward
Obama in New Orleans to mark 10 years


China wins the Battle of Mountain Pass
China just undermined the U.S. Defense Department

China may be in worse shape than most of us think
What should China do to fix its economy?
Analysts dismiss fears of a China hard landing
‘Loch Ness monster’ and China's mystery rally

How Aldi stacks up vs. Trader Joe's
How Aldi stacks up against Trader Joe’s


/conga/frontpage.html 353648

Markets »

131.79MDow Volume:
Avg Vol: 112.32M
Unchanged
186
Decliners
2190
Advancers
4209
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,643 -12 0.07%
Nasdaq
/quotes/zigman/12633936/realtime 4,828 +16 0.32%
S&P 500
/quotes/zigman/3870025/realtime 1,989 +1 0.06%
GlobalDow
/quotes/zigman/629063/realtime 2,373 +13 0.54%
Gold
/quotes/zigman/662444/delayed 1,133 +11 0.95%
Oil
/quotes/zigman/2331095/delayed 45.33 +2.77 6.51%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,299 -17 0.17%
CAC 40
/quotes/zigman/3173214/delayed 4,675 +17 0.36%
FTSE MIB
/quotes/zigman/1482176/delayed 21,994 -208 0.93%
IBEX 35
/quotes/zigman/2759620/delayed 10,353 +63 0.61%
Stoxx 600
/quotes/zigman/2380150/delayed 363 +1 0.28%
Asia Dow
/quotes/zigman/6959860/realtime 2,798 +45 1.64%
Nikkei 225
/quotes/zigman/5986735/delayed 19,136 +562 3.03%
Hang Seng
/quotes/zigman/2622475/delayed 21,612 -226 1.04%
Shanghai
/quotes/zigman/1859015/delayed 3,232 +149 4.82%
Sensex
/quotes/zigman/1652085/delayed 26,392 +161 0.61%
Singapore
/quotes/zigman/1709939/delayed 2,956 +11 0.36%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.00%
Yen
/quotes/zigman/16008150/realtime/sampled 121.70 0.00 0.00%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 0.00 0.00%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 0.00 0.00%
DXY Index
/quotes/zigman/1652083/delayed 96.15 +0.38 0.40%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.50 0.00 0.00%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.18 0.00 0.12%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.00 0.17%
Italy 10yr
/quotes/zigman/15866497/realtime 1.91 -0.02 0.80%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 +0.01 0.26%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 -0.01 2.48%
Crude Oil
/quotes/zigman/2331095/delayed 45 +3 6.51%
Gold
/quotes/zigman/662444/delayed 1,133 +11 0.95%
Corn
/quotes/zigman/7599553/delayed 374 -1 0.20%
DJIA F
/quotes/zigman/38649152/delayed 16,632 -18 0.11%
S&P F
/quotes/zigman/30356461/delayed 1,986 -3 0.15%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.89%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 91.01 1.28 1.43%
AAPL /quotes/zigman/68270/composite 113.29 0.37 0.33%
GOOG /quotes/zigman/30194416/composite 630.38 -7.23 -1.13%
BAC /quotes/zigman/190927/composite 16.36 -0.08 -0.49%
C /quotes/zigman/5065548/composite 53.28 -0.16 -0.30%
F /quotes/zigman/264304/composite 13.74 0.18 1.33%
T /quotes/zigman/398198/composite 33.29 -0.15 -0.45%
BP /quotes/zigman/247026/composite 33.26 0.23 0.70%
GE /quotes/zigman/227468/composite 25.16 0.15 0.60%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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MarketWatch Portfolio

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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/83890/composite MDCO+5.95%
  • /quotes/zigman/53612711/composite UBIO+2.06%
  • /quotes/zigman/92224/composite ALNY+3.98%
  • /quotes/zigman/248998/composite SNH+0.19%
  • /quotes/zigman/1549736/composite STAG+0.41%
X
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