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.
Toyota Motor Credit is the latest auto lender to settle allegations from federal authorities that its policies led to discrimination among minorities who borrowed through dealers when buying cars. The firm will pay up to $21.9 million in restitution to consumers, according to a settlement order made public Tuesday by the Consumer Financial Protection Bureau... Read More
Even under normal circumstances, racial discrimination can be hard to spot. Identifying discrimination in car purchases and loans is particularly challenging, however – auto dealers don’t have to log the ethnicity of borrowers, and car loan terms are often bargained as part of a complex transaction. Still, the Consumer Financial Protection Bureau promised to be... Read More
Hoverboards, power-lace Nikes and, now, DeLoreans. It’s like “Back to the Future” is taking over the present, and it’s practically a dream come true. (OK, so these hoverboards aren’t exactly as the film advertised, and the Chicago Cubs sadly did not win the World Series like they were supposed to, but that’s beside the point.)... Read More
Lower gas prices equals more road traffic equals more car crashes equals more insurance claims equals higher premiums. That’s the not-so-short story of why your car insurance rates could go up this year, but let’s break it down. Gas prices in 2015 were substantially lower than prices throughout both 2014 and 2013, according to AAA, and... Read More
With auto sales estimated to exceed 17 million in 2015, per the National Automobile Dealers Association and other analysts, you could say it was another good year for car dealers. Now we’re entering a phase where a lot of pent-up demand has been met, so 2016 could turn the tides in buyers’ favor, said Matt DeLorenzo, managing editor for Kelley... Read More
At publishing time, the GMC BuyPower Card is offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other... Read More
Like eBay, Craigslist has become a fairly common place to buy and sell vehicles. But you can never be too safe online, especially when there’s real money at stake, plus ownership of the vehicle. Not only are there risks for getting stuck with a lemon, if you aren’t too careful you could wind up with a stolen car.... Read More
My husband and I moved from Indianapolis to Chicago in July 2014, and we brought our car with us. We liked the idea of going car-less in a big city, but we weren’t immediately sure getting rid of it was a good idea. After all, there were advantages to having it, perhaps the biggest being... Read More
Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.