In the News

Auto Finance: Are You Paying Too Much for Your Car Loan?

CBS MoneyWatch, Jerry Edgerton, February 24, 2011

With sites that offer competing refinancing deals, you may find much better rates…a new site,, [which] will refer you to banks or credit unions interested in refinancing loans.

The Wall Street Journal

The Great Customer Courtship

Wall Street Journal, Jessica Silver-Greenberg & Mary Pilon, February 12, 2011

Websites like, and track rates on CDs, credit cards and savings and checking accounts.

USA Today

Dig to uncover respectable return on short-term savings

USA Today, Sandra Block, January 3, 2011

You can also search for rates at, an online service that allows small banks and credit unions to compete for business through Internet auctions.

Star Telegram

The Savvy Consumer’s top 10 ideas from 2010

Fort Worth Star-Telegram, Teresa McUsic, December 30, 2010

One reader saved almost 60 percent on his premium after shopping around. Another Texan told me he cut his interest rate almost in half on his auto loan using a new online auction house for auto loans called It costs nothing to check either out.

CU Journal

MoneyAisle Spurs Interest

Credit Union Journal, Ray Birch, December 20, 2010

MoneyAisle’s auto lending component invites consumers to key in their ZIP code, loan amount, details on the car being refinanced or purchased, and credit score. They hit “run auction,” and in less than one minute are returned a list of financials that offer the lowest rates and monthly payment.

The Wall Street Journal

Refinance Auto Loan

Wall Street Journal, Emily Glazer, December 19, 2010

Most consumers finance the purchase of a vehicle through a dealer. But the average car buyer doesn’t end up getting the rock-bottom rate often advertised. (That’s reserved for buyers with the best credit scores.) You may be able to get better terms on a car loan by refinancing, however.

San Francisco Chronicle

Car-loan refinance can save money; beware cash-out

San Francisco Chronicle, Kathleen Pender, October 24, 2010

Consumer advocates agree that refinancing your existing balance for the time remaining on your loan is a good move if you can substantially reduce your interest rate.

AARP Bulletin

Used Cars Can Be the Way to Go

AARP Bulletin, Tauren Dyson, October 13, 2010

In these tough times, people who once looked down on used cars now view them as a serious alternative to a new vehicle.

Christian Science Monitor

Refinancing Auto Loans: Did you know you could?

Christian Science Monitor, Jennifer Fuller, October 11, 2010

Home mortgage refinancing has boomed during the recession, but most people don’t realize that they can do the same with their auto loans – and it’s both easier and cheaper than refinancing a mortgage. On, consumers with high-interest car loans can refinance quickly and easily.

Market Watch

Your car may hold key to big savings

MarketWatch, Jennifer Openshaw, September 30, 2010

When Sandy Mendoza bought her 2009 Toyota Camry, she did what most people do: she took the dealer’s financing. Were you ever guilty of that? If so, you could be in a position to save some money.

The Miami Herald

Most of us still rely on the dealership when financing a car, but consumer advocates say that’s often the wrong turn

The Miami Herald, Nirvi Shah, September 19, 2010

Mukesh Chatter,CEO of MoneyAisle, and Javier Aguero, a recent customer, were quoted discussing the benefits of going through other sources than a dealer, such as MoneyAisle, when purchasing a car or refinancing a loan.

The New York Times

A New Way to Find a Cheaper Car Loan

New York Times, Jennifer Saranow Schultz, September 13, 2010

In the market for a car or stuck paying off a high-interest loan for a car you already own? Here’s a tip on how to find a cheap car loan or refinancing option. Check out, which recently expanded its free auction service beyond savings products to auto loans and refinancing.

Credit Unions

Auto Loan Interest Rates Put Members in the Driver’s Seat, Thomas Cullen, September 2, 2010

Cullen discusses the advantages of financial tools such as to determine the best rates for your car loan.

The New York Times

How a Savings Account Expert Saves His Own Money

New York Times, Jennifer Saranow Schultz, September 1, 2010

Mukesh Chatter, founder of, a site that lets users auction their savings to the bank offering the highest rate on a savings account or certificate of deposit, isn’t a fan of savings accounts.

Star Telegram

Find a better deal for insurance online

Star Telegram, Teresa Mcusic, August 27, 2010

Two major vehicle expenses — finance charges and insurance — can increasingly be shopped for on the Internet, and that could turn into big savings for consumers.

Associated Press

Refinancing? Rates on auto loans are falling too

Associated Press, Candice Choi, August 25, 2010

It’s easy to overlook the cost of auto loans with mortgage rates grabbing all the attention. Yet rates on auto loans have edged lower as the cost of lending has gone down for banks. And car buyers who didn’t get the best terms in the past year or so can capitalize by refinancing their loans.

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Save Money by Refinancing Now!

KTRS, The Mindset with John Brown, July 30, 2010

“Mindset” host John Brown spoke with MoneyAisle CEO Mukesh Chatter. Brown’s friend did a car loan refi and saved around $1,000 per year!

AOL Wallet Pop

Get a better car loan at

AOL Wallet Pop, Josh Smith, June 9, 2010

MoneyAisle offers three types of loans: a new car loan, a used car loans and an auto refinance loan, so even if you aren’t looking for a car right now you may be able to get a better interest rate and save big on your monthly payments.

Kiplinger has expanded its CD auction business to auto loans.

Kiplinger’s Retirement Report, June 2010 has expanded its CD auction business to auto loans. After submitting basic information, such as the size of the loan you seek and the make, model and year of the car, banks and credit unions will bid for your business.

San Francisco Chronicle

Tech to the rescue: 6 of the best new personal finance tools

San Francisco Chronicle, Erica Sandberg, May 17, 2010

Think you may be paying too much for your auto loan? Just plug your current rate into their online auction function and have banks immediately compete to refinance the loan. Savings in seconds!

CU Journal

Consumers Can Now Find CUs in the MoneyAisle

Credit Union Journal, Ray Birch, May 17, 2010

A new website could help credit unions boost auto loan portfolios and cross sell additional services.

USA Today

Car dealers’ loans often aren’t the best deal, so shop for rates first

USA Today, Sandra Block, May 11, 2010

Last week, MoneyAisle added loans on new and used autos. To solicit bids, plug in your ZIP code and the make and model of the car you want to buy. If you see a bid you like, you can contact the bank or credit union.

The Wall Street Journal

Sites That Help You Fight the Fees

The Wall Street Journal, Mary Pilon, February 12, 2010

With, consumers enter their savings goals and the site holds an “auction” among 130 participating banks to find the best cocktail of CDs and savings accounts.

Reader's Digest

Sites for Savings

Reader’s Digest, Janice Lieberman, August 2009

FDIC-insured banks bid in live auctions to give consumers the highest interest rate on savings accounts and CDs.

O: The Oprah Magazine

If you have only… 5 minutes: Let banks bid for your business on

O: The Oprah Magazine, August 2009

During real-time auctions, scores of banks compete for your CD or high-yield savings accounts, which can drive up the annual percentage yields to twice their national averages.

The Boston Globe

What’s the best place to stash your savings?

The Boston Globe, Todd Wallack, August 2, 2009 lets you “auction’’ off your business to the bank willing to pay the highest rate.

The Herald-Tribune

Web-based financial tools are worth looking at

Sarasota Herald-Tribune, Humberto Cruz, July 18, 2009

Also highly useful for savers is, another free, automated site where more than 100 federally insured banks compete for your money.

AARP Bulletin

Save a Buck: Find Highest Interest Rates Online

AARP Bulletin, Michelle Diament, May 1, 2009

Looking to stash your cash in a bank that offers the highest interest rate? At, banks bid against one another to offer the best rate on savings accounts or certificates of deposit.

The Wall Street Journal

CD Auctioneers Zions, MoneyAisle Add Fun To Safe Investing

The Wall Street Journal, Donna Kardos, April 22, 2009

As the stock market continues to be roiled by volatility, investors are increasingly turning to an old-fashioned, surefire way to make their money grow, but with a modern twist – certificates of deposit that are auctioned off online.


A web-based survival toolbox

Reuters, Linda Stern, April 8, 2009

Want the best bank certificate of deposit? One new site, MoneyAisle ( does reverse auctions for bank CDs.