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.

7 Cars That Cost More Than a House

7 Cars That Cost More Than a House

7 Cars That Cost More Than a House

Ever weighed the decision between buying a Porsche 918 Spyder and a home in Berkeley, Calif.? Probably not, but they cost about the same. Next to paying for a house or college, a car is among the most expensive items many of us will buy. Eighty percent of cars on the road are out of… Read More

How Much Do You Need for a Down Payment on a Car?

How Much Do You Need for a Down Payment on a Car?

How Much Do You Need for a Down Payment on a Car?

Conventional wisdom says that a good down payment for a car is about 20% of its total price. That’s because cars typically lose about 21% of their original value the first year. The logic was that if something happened to the car, it wouldn’t necessarily total your finances as well. If, for example, you had a… Read More

More Consumers Are Falling Behind on Their Car Payments

More Consumers Are Falling Behind on Their Car Payments

More Consumers Are Falling Behind on Their Car Payments

Auto loan delinquencies increased in the third quarter, but the market remains stable, according to analysts at Experian Automotive. The company released its quarterly State of the Automotive Finance Market report, showing an $86 billion bump in open loan balances since the same period last year, and an increase in market share for deep subprime… Read More

4 of the Priciest Car Repairs

4 of the Priciest Car Repairs

4 of the Priciest Car Repairs

What better incentive to stay up on your car’s regularly scheduled maintenance than the possibility of having to pay through the nose for a costly repair? If you’re the kind of driver who never changes the oil, never rotates the tires, and never thinks about anything other than keeping the tank full of gas, odds are you’ve… Read More

7 Ways to Avoid Getting Overcharged By a Mechanic

7 Ways to Avoid Getting Overcharged By a Mechanic

7 Ways to Avoid Getting Overcharged By a Mechanic

If you’re like the average American, your car was born the same year Apple’s iTunes store was launched, and when Janet Jackson had a wardrobe ‘malfunction’ at the Superbowl. In other words, the average car on the road is more than 11 years old, meaning your wheels are likely in need of regular love and… Read More

Can a Co-Signer Lower Your Car Payments?

Can a Co-Signer Lower Your Car Payments?

Can a Co-Signer Lower Your Car Payments?

Imagine you’re out car shopping and you finally find what you think is a reasonably priced set of wheels … and then when the dealer pulls your credit, the monthly payment that seemed so affordable is no longer available to you. You might be offered a subprime car loan at 10% or even 20% interest,… Read More

Can You Finally Afford a Hybrid Car?

Can You Finally Afford a Hybrid Car?

Can You Finally Afford a Hybrid Car?

There are lots of attractive features of hybrid and alternative-fuel cars, but one of the biggest selling points has traditionally been the potential for saving money: By investing in advanced fuel technology rather than frequently paying for gasoline, you’ll eventually spend less than you would by buying a traditional vehicle with a lower sticker price…. Read More

5 Tips to Prepare Your Car for Winter

5 Tips to Prepare Your Car for Winter

5 Tips to Prepare Your Car for Winter

Those living in seasonal climes know that the days of perfectly crisp air and turning autumn leaves will soon come to a swift end, only to be replaced by violent, frigid temps. Breaking down by the side of the road is a nuisance even in clear, warm weather. Getting stuck on the side of a… Read More

A Beginner’s Guide to Buying Car Insurance

A Beginner’s Guide to Buying Car Insurance

A Beginner’s Guide to Buying Car Insurance

Insurance is an anomaly among commodities; it’s one purchase that we hope we never have to use. But car insurance is a mandated purchase almost everywhere, and with good reason; if your vehicle were to be stolen, vandalized or in an accident, you could be at risk for huge financial burdens if faced with covering… Read More

Here’s What It’s Really Like to Have Your Car Repossessed

Here’s What It’s Really Like to Have Your Car Repossessed

Here’s What It’s Really Like to Have Your Car Repossessed

Jennifer’s husband walked out to the parking lot at 1 a.m. three months ago after another long night running the casino floor at a restaurant near Phoenix. He had no way to get home. The couple’s 2006 Ford Focus was gone. Not stolen, but repossessed. Jennifer says they were two payments and one day late…. Read More

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