Welcome to Prime Rate

Answer Desk: Looking for mortgage relief

Last week's news on the slow pace of  mortgage relief for millions of struggling homeowners generated a flood of mail from readers looking for help.  The Answer Desk, by John W. Schoen.

How could a government-run GMAC reshape car sales?

With the federal government almost certain to take control of GMAC Financial Services, analysts suggest it could become a loan machine that gives General Motors and Chrysler a huge advantage over their competitors.

Auto sector feels pinch of credit crunch

Driving a sporty car was nice, but with high gas prices and inflation pinching at his pocketbook, Jorge Valdes decided last October to get rid of his white BMW 525i sedan when the $700-a-month lease payments became too much to bear.

GM: No Spike in Car Loan Defaults

General Motors Corp.'s top finance executive said Sunday he doesn't see the subprime mortgage mess spreading into auto loans at the company's former credit arm, GMAC financial services.

5 dumb car shopping moves

Whatever you do, don't make these 5 dumb mistakes when going to purchase a car....