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.

12 Cars That Depreciate Quickly (& Are Good to Buy Used)

12 Cars That Depreciate Quickly (& Are Good to Buy Used)

12 Cars That Depreciate Quickly (& Are Good to Buy Used)

If you’re in the market for a new car, you may be tempted to drive a brand-new one off the lot. After all, many manufacturers are already releasing their feature-packed 2017 models, and the weather hasn’t even turned cold yet. But, before you do, consider this: A new study by iSeeCars.com, an automotive data and... Read More

How Your Credit Affects the Down Payment You’ll Need for a Car

How Your Credit Affects the Down Payment You’ll Need for a Car

How Your Credit Affects the Down Payment You’ll Need for a Car

The estimated average new car price in America was $34,264 in July 2016, and has steadily risen, according to Kelley Blue Book. Because the typical car down payment advice is to put down 10% to 20% of the loan amount ($3,426.40 to $6,853.80 for the average new car price above), you might be wondering how much money... Read More

The Average New Car Loan Payment Is $499

The Average New Car Loan Payment Is $499

The Average New Car Loan Payment Is $499

New car loans continue to set all kinds of records — average monthly payments are now essentially $500 — and a long-feared subprime lending bubble has yet to show signs of popping. But suddenly slumping auto sales raise plenty of questions about the overall health of the car sales market. The car loan market expansion... Read More

The Cities With the Safest Drivers in America

The Cities With the Safest Drivers in America

The Cities With the Safest Drivers in America

32,675. That’s the number of traffic fatalities that occurred in the U.S. in 2014, according to the National Highway Traffic Safety Administration. And it isn’t surprising, not in the least. That’s because the average driver will experience a collision every 10 years, according to Allstate Insurance, and the majority of those accidents (94%) will be preventable. With stats like... Read More

The ‘Leftover’ Cars You Can Buy for Less This Year

The ‘Leftover’ Cars You Can Buy for Less This Year

The ‘Leftover’ Cars You Can Buy for Less This Year

Labor Day weekend has long been a big week for car sales, but according to Edmunds.com, you may be able to save really big if you look into leftovers — that is, outgoing 2016 models scheduled to be phased out or redesigned for 2017. Per the car shopping site, dealers will be looking to get rid of... Read More

How the Color of Your Car Can Affect Its Resale Value

How the Color of Your Car Can Affect Its Resale Value

How the Color of Your Car Can Affect Its Resale Value

It’s common knowledge that a car’s value begins to depreciate as soon as it leaves the sale lot. But did you know its color can affect its resale value as well? According to a new study by iSeeCars.com, an automotive data and research company based in Boston, color plays a huge role in determining a car’s retained... Read More

9 Things I Learned From Paying Off My Car Loan

9 Things I Learned From Paying Off My Car Loan

9 Things I Learned From Paying Off My Car Loan

Back in June, I hit my biggest credit milestone in quite some time: I paid off my 2011 Mazda 3. And, while I’ve been celebrating in my head ever since — one less monthly bill to worry about! — there were a few speed bumps (har, har, har) along the way. There also were a lot of... Read More

The Strange Connection Between Car Insurance & Hurricanes

The Strange Connection Between Car Insurance & Hurricanes

The Strange Connection Between Car Insurance & Hurricanes

Meteorologists and weather reporters often whip up a frenzy about major impending storms, and though many of these peter out with little impact, others leave devastating wreckage in their paths. When these storms are predicted, many folks want to prepare for the worst — power outages, evacuations and potentially sizable property damage. Folks fearing major... Read More

What Is the Average Used Car Loan Rate?

What Is the Average Used Car Loan Rate?

What Is the Average Used Car Loan Rate?

More people are opting to lease their new set of wheels instead of purchase them, according to Q1 2016 data from Experian. The number of auto loans grew to an all-time high, with leasing surpassing 30% of all new consumer vehicle sales. But the interest rates consumers are getting on these loans has stayed low, especially for used cars. In fact,... Read More

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