Auto Loans

When it comes to auto loans, we want to help you make smarter financial decisions. Our experts explain the in’s & out’s of car loans, highlight the types of loans available – their advantages and disadvantages – and how to improve your chances of getting approved. We also alert you to car loan scams you should avoid, changes in rates and new auto loan features.

Should I Get a Loan for a Used Car?

Should I Get a Loan for a Used Car?

Should I Get a Loan for a Used Car?

One of the many decisions consumers must make when buying a car is whether to get a new vehicle or a used one. Even though a used car is generally cheaper than a new one, it makes the car-buying process much more complicated, especially if you need to finance it. Some people argue that taking… Read More

7 Reasons Leasing a Car May Be Smarter for You

7 Reasons Leasing a Car May Be Smarter for You

7 Reasons Leasing a Car May Be Smarter for You

Ten years ago, about 16% of new cars became lease vehicles. Today, nearly one in three vehicles on the road is leased. Whether you lease or buy your vehicle depends largely on your goals. If you’re looking to justify a lease, here’s why it might make more sense, along with some items you should try… Read More

Can I Get a Car Loan If I Have No Credit?

Can I Get a Car Loan If I Have No Credit?

Can I Get a Car Loan If I Have No Credit?

What do you do if you need a car and you don’t yet have a track record to make a dealer confident you’ll be able to repay a car loan? Phil Reed, senior consumer advice editor for consumer auto site Edmunds.com, said a surprising number of people who aren’t sure of the answer to that… Read More

How Much Is Too Much to Spend on a Car?

How Much Is Too Much to Spend on a Car?

How Much Is Too Much to Spend on a Car?

Everyone overspends from time to time, but when it comes to big purchases, like a home or vehicle, something that seems like an exciting splurge could end up devastating your finances. The question of, “How much is too much?” is quite personal. To say that you should only spend a certain percentage of your income… Read More

8 Luxury Cars You Can Buy for Under $20K

8 Luxury Cars You Can Buy for Under $20K

8 Luxury Cars You Can Buy for Under $20K

Fancy cars generally come with hefty price tags, but that doesn’t necessarily mean luxury is beyond your reach. With a little bit of patience and strategy, you might be able to buy a luxury vehicle for thousands of dollars off the sticker price. The National Automobile Dealers Association compiled a list of eight luxury vehicles… Read More

How to Get a Car Loan After Bankruptcy

How to Get a Car Loan After Bankruptcy

How to Get a Car Loan After Bankruptcy

Buying a car can feel stressful enough, but when you have been through bankruptcy it may feel downright terrifying. No matter what the circumstances that led to your filing — large medical bills or a job loss, for example — you probably feel embarrassed and afraid that no one’s going to want to give you the time… Read More

Is There a Subprime Car Loan Bubble?

Is There a Subprime Car Loan Bubble?

Is There a Subprime Car Loan Bubble?

Auto loans are hot. Consumers can’t seem to get enough of them, and the average loan has soared from $14,700 to $17,400 in the past five years, according to TransUnion. Wall Street can’t get enough of them either: Santander Consumer USA just sold off $700 million of its subprime loans to investors within a few… Read More

Can You Refinance a Car?

Can You Refinance a Car?

Can You Refinance a Car?

If investing 15 minutes would save you $50 a month for the next three years, would you do it? That seems like a no-brainer, but you’d be surprised how many people are passing up a similar deal. That would be a total savings of $1,800 or, put another way, that 15 minutes would be an opportunity… Read More

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