Should You Pay off Your Auto Loan Early?

An auto loan is a necessary way of living our lives. However, there are some considerations that can be made to make this part of our lives a little less stressful. Things such as paying off the loan early, refinancing, or making double payments all factor into the decision making process. Each one should be examined in depth and compared to your individual financial situation prior to making the decision. For example, paying off the loan early may seem like a great idea. You may want to use some inheritance money or a bonus from work that you have received. However, you should stop and examine your entire debt load. What debts are carrying the highest APR (Annual Percentage Rate)? Is it your auto loan or is it possibly a credit card balance? Taking care of the debt that has the highest APR first will save you interest charges in the long term and ultimately put more of that cash into your pocket.

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GM Financial’s Strategy To Boost Sales in 2014

GM Financial is making plans to roll out a prime retail program early next year because of heightening competition.The program is targeted at dealers that the company already has relationships with. Their strategy is to first and foremost support GM vehicle sales. GM Financial also reported that its first-quarter net income has one down from the previous year from $112 million to $106 million. Consumer delinquency behavior had a large part in the decrease of the overall net income. GM Financial also announced today that they intend to offer $2 billion aggregate principal amount of senior notes in various branches. The goal is to repay certain indebtedness to General Motors and for general working capital purposes. The notes will be offered only to qualified institutional buyers.

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Charge Your Electric Car At Work?

Sales and use of electric cars is on the rise. Companies like GM are offering charging stations for workers at one of their plants in Maryland that makes components for electric vehicles. Other major companies, like Verizon, are joining in on this eco-friendly idea, stepping up to the Energy Department’s Workplace Charging Challenge.

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Maryland Senator Working Hard to Ban Smoking in Cars With Young Children

While some might find the idea appalling, some still smoke with their children in the car. Jennie M. Forehand, a Maryland senator, is trying hard to ban the practice of smoking in cars with young children present. Forehand was involved in a bill last year to make this law a reality. Unfortunately, the bill did not pass the House committee. This year, Forehand is working on a new bill that would stop smoking in cars with young children once and for all.