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Refinancing isn't just for home loans
It's easy to overlook auto loans with mortgage rates grabbing all the attention. But car buyers who didn't get the best loan terms in the past year or so can capitalize by refinancing their loans. Refinancing an auto loan is far easier and cheaper than refinancing a mortgage; if you qualified for a new car loan in the past year or so, refinancing shouldn't be a problem. There's no need for an appraisal and borrowers can usually find out if they've been approved within an hour of applying online. To start scouting what terms are available, go to comparison sites such as Bankrate.com or MoneyAisle.com.
--The Associated Press
Nissan and Hyundai are trying to bump Honda from the No. 2 spot in the U.S.
Asian automakers splitting U.S. market
A once clear-cut hierarchy among the top Asian carmakers has tightened in recent months. Buoyed by 10 straight months of sales gains, Nissan is making in-roads to unseat Honda as the No. 2 Asian automaker in the U.S. Hyundai is also vying for a top spot as its pitch of lower prices for midsize sedans captures momentum, especially when coupled with sales of the Kia brand that Hyundai also owns. Year-to-date sales through July totaled 522,669 for Nissan (including its Infiniti brand), and 515,376 for Hyundai (including Kia). Over the same time period, Honda sold 706,346 vehicles (including its Acura brand), and Toyota remained a solid No. 1 with just over 1 million sales.
--The Associated Press
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