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.

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

Poor? You’re Going to Pay More for Car Insurance, Research Finds

Poor? You’re Going to Pay More for Car Insurance, Research Finds

Poor? You’re Going to Pay More for Car Insurance, Research Finds

Lower-income individuals may be paying more for car insurance, according to recent research by the Consumer Federation of America (CFA). “Insurance companies are penalizing good drivers by hundreds and sometimes thousands of dollars each year based on economic and social status, and the end result is that the poor pay more, much more,” J. Robert... Read More

Should I Buy a Used Rental Car?

Should I Buy a Used Rental Car?

Should I Buy a Used Rental Car?

Rental cars often get a bad rap. Since drivers are only borrowing the vehicle for a short period of time, conventional wisdom goes that they won’t treat the car very well. So most would think that purchasing a questionably treated rental car is a poor financial decision. While a privately owned used car might have... Read More

Does My Co-Signer Own My Car?

Does My Co-Signer Own My Car?

Does My Co-Signer Own My Car?

Co-signing is a topic our readers ask about often. It’s not surprising, given how complicated it can get when you tie your credit to someone else. The messiness of co-signing is actually a bit ironic, considering that it often seems like a simple solution (asking someone you’re close to for help) to a big problem (not... Read More

How Much Will a Car Repossession Hurt My Credit Score?

How Much Will a Car Repossession Hurt My Credit Score?

How Much Will a Car Repossession Hurt My Credit Score?

In most parts of the country, having a car isn’t optional. Without your own vehicle, it can be extremely difficult to get to work or provide for your family, but at the same time, car ownership can be a challenge. If you find yourself having trouble making your car payments, you could end up losing your... Read More

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