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Survey Shows That Auto Loan Rates In Jamaica At 15-Year Low
Today’s Sunday Gleaner, has a report about a recent survey of rates among some credit unions and banks, which showed that the lending rate for auto loans in Jamaica is at a 15 year low … “but consumers are not exactly beating a path to the doors of local lenders.” “A Sunday Business survey of [...]
Continue reading...Hanover Co-operative Credit Union Motor Vehicle Loan
2. April 2010
The Hanover Co-operative Credit Union Ltd. offers a motor vehicle loan with the following terms and details: - Interest as low as 16% p.a. - Up to 90% financing - Up to 7 years to repay <note – conditions apply> For more information, call them at 956-3030 or email haccul@yahoo.com
Continue reading...Jamaica Observer Article – NCB & Scotiabank Jostling For Auto Loan Market
12. March 2010
Today’s Jamaica Observer newspaper has an article about the on-going battle between National Commercial Bank (NCB) and Scotiabank over the auto loan market. “LEADING financial institutions National Commercial Bank (NCB) and Scotiabank are jostling for the major share of the tight auto loan market, both significantly chopping interest rates and wooing auto dealers over the [...]
Continue reading...RBTT Motor Vehicle Loan
26. February 2010
RBTT has joined other banks – such as ScotiaBank and NCB – and seems now to be aggressively pushing its motor vehicle loan options. Here are details from their ad in today’s Jamaica Observer newspaper: You can’t go wrong with an RBTT motor vehicle loan! Financing: Up to 90% on new and used vehicles Financing [...]
Continue reading...C&WJ Credit Union Motor Car Loan Reduced To 16.5%
15. February 2010
In November 2009, we mentioned that C&WJ Credit Union’s motor car loans were available, with interest rate starting at 20% per annum. Yesterday’s Sunday Gleaner has a new C&WJ Credit Union Motor Car Loan ad which speaks to the fact that financing your car through them is now more affordable, with interest rate starting at [...]
Continue reading...First Global Lowers Its Car Loan Rates As Well
7. February 2010
Hot on the heels of both NCB and Scotiabank announcing lowered car loan rates via newspaper ads, today’s Jamaica Observer newspaper features a First Global Bank advertisement about its 16.95% car loan rate (down from 19.75% in November 2009). Here are the details from the ad today: Buying a car just got a lot easier [...]
Continue reading...ScotiaWheels Now 16.95%
5. February 2010
Late last year, we mentioned ScotiaBank’s ScotiaWheels with its 19.75% interest rate on loans for new or used cars. Now, today’s Jamaica Observer newspaper features a full-page ScotiaWheels ad with a new low rate of 16.95%. Here are the details are per the ad: 16.95% interest rate 95% financing * 84 months to repay * [...]
Continue reading...Car Loan Delinquency On The Rise In Jamaica
15. January 2010
According to a report in today’s Jamaica Observer newspaper, car loan delinquency is on the rise here in Jamaica. It states that the massive job losses and fallout from the collapse of the alternative investment schemes (e.g. Olint & Cash Plus) still account for many Jamaicans not being able to pay their bills. One symptom [...]
Continue reading...ScotiaWheels
18. December 2009
Scotiabank has been heavily advertising its ScotiaWheels car loan product in the print media, and on radio and television. Below are some of the details: 19.75% interest rate (offer good from December 16, 2009 to March 31, 2010 – Conditions apply) 95% financing 84 months to repay $10,000 ‘cash for gas’ For more information, please [...]
Continue reading...First Global Bank Car Loan
29. November 2009
First Global announces via an advertisement in today’s Sunday Herald newspaper, that it now offers lower interest rates on car loans. More details from the ad: First Global gives you more where it counts As low as 19.75% p.a. (conditions apply; rates are subject to change) and US$ loan rates as low 12.25% p.a. For [...]
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20. June 2010
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