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Average Car Loan Rates Drop to An 8 Year Low(0)

April 16, 2010
New Car Loan Interest Rates are Down

New Car Loan Interest Rates are Down

The average finance rate on a retail car loan sank to 4.4 percent in March, the lowest since 2002, Edmunds.com reported today. The rate was 5.8 percent at the same time last year.

Toyota led in cut-rate financing, as it offered consumers deals to offset the impact of the recall scare. Toyota's average finance rate was 1.9 percent, followed by Mazda at 2.5 percent and Mercury at 3.3 percent, Kia had the highest average interest rate in March at 7.1 percent.

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I would like to get an estimate for replacing my 1995 BMW 318i’s alternator – $200 to $520

1995 BMW 318i Alternator

1995 BMW 318i Alternator

I would like to get an estimate on parts and labor for replacing my 1995 BMW 318i's alternator.

Hemant S.

Mechanicsburg,Pennsylvania

We would estimate the repair to break down like this

Parts

Alternator cost range-refurbished   $125.00-$175.00

Alternator cost range-new  $210.00-$300.00

Alternator core reimbursement range $60.00-$125.00  (this means if you return your old alternator - you will get a rebate of $60 to $125.  the old alternator will then be refurbished and re-sold in the future.)

Labor

Labor cost range  1-2 Hours $75.00-$220.00 (depending on hourly rate)

BMW Sees a “Definite” Upturn in Most Markets – sales up 14% in February

2010 BMW 328i Convertible

2010 BMW 328i Convertible

German luxury car maker BMW AG sees a "definite" uptuirn in almost all car markets after it's automobile and motorcycle sales increased 14 percent in February, and it sold 16 percent more Mini Cooper's compared to the same month last year.

"In key sales markets such as the United States, the automobile sector is showing encouraging signs of gradual recovery" the company said on Tuesday.

BMW's rival Audi said on Tuesday it delivered the bulk of earnings to parent company Volkswagen AG's group results in 2009.  Audi also predicts better earnings in 2010.