My friend cosigned a loan for a BMW, but the driver defaulted. They're both on the hook for $5K. What happens now?

However, your friend's relative and your friend, as a cosigner, may also be held legally responsible for the default. In many states the lender can still obtain a "deficiency judgment" against both ...
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America’s Car Repossession Crisis: Why Repos Are Surging and What It Means for Drivers

A look at the surge in U.S. car repossessions, the rise in auto delinquencies, extended loan terms, negative equity, and how ...

Car repossessions are expected to hit 3 million this year, their highest rate since the 2009 recession. Is it a sign the economy is in trouble?

A recent report from the Recovery Database Network (RDN), says more than 2.5 million cars were repossessed last year, and ...

Renault Is Emptying Its Secret Vault And The Concept Cars Inside Are Unreal

A once-in-a-lifetime auction is clearing Renault’s heritage vault, offering everything from 1890s replicas to 2000s concepts ...