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.

Could Driving Less Get You a Lower Car Insurance Rate?

Could Driving Less Get You a Lower Car Insurance Rate?

Could Driving Less Get You a Lower Car Insurance Rate?

Imagine your car insurance bill was based on specifically how many miles you drove in a month instead of a blanket estimate. This is exactly what the auto insurance startup, Metromile, is offering drivers in the seven states it currently serves — California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia and Washington. How Metromile Works Metromile,... Read More

Auto Loan Debt Tops $1 Trillion

Auto Loan Debt Tops $1 Trillion

Auto Loan Debt Tops $1 Trillion

Auto loan debt in the U.S. sped past the trillion-dollar mark again this year, according to the Experian State of the Automotive Finance Market report released Thursday. “Automotive financing certainly has started off the year with a bang, seeing steady growth in balances and loan volumes throughout the first quarter,” Melinda Zabritski, senior director of... Read More

What to Do When You Owe More on Your Car Than It’s Worth

What to Do When You Owe More on Your Car Than It’s Worth

What to Do When You Owe More on Your Car Than It’s Worth

A negative equity car loan — also referred to as being “upside down” or “underwater” on a loan — means you owe more on a vehicle than it’s worth, and it’s a more common scenario than you might think. Nearly one-third (31.4%) of car owners currently have a negative equity car loan, according to a... Read More

The Safest New Cars You Can Buy

The Safest New Cars You Can Buy

The Safest New Cars You Can Buy

There is a lot to consider when you’re looking at getting a new set of wheels. You need to take inventory of your needs to get the right style to fit your lifestyle and needs. You also need to consider more financial components such as car insurance costs in your state and what credit score you need to buy... Read More

A New Startup Is Taking Used Car Leases Mainstream

A New Startup Is Taking Used Car Leases Mainstream

A New Startup Is Taking Used Car Leases Mainstream

If you’ve ever wished that leasing a car or buying a used one was easier, your wish might be about to come true thanks to a San Francisco startup Beepi. The company leases used cars, letting drivers get into used cars at a lower price point than a new lease or used car loan, and without all the hurdles typical to the car-shopping... Read More

6 Car-Buying Hacks Dealers Hope You Don’t Know

6 Car-Buying Hacks Dealers Hope You Don’t Know

6 Car-Buying Hacks Dealers Hope You Don’t Know

Buying a car is one of the most stressful financial decisions you can make. Not only are cars expensive, you also usually make this decision only once every few years, and you are facing off with someone who deals with car sales every single day. It’s no wonder so many people hate the idea of... Read More

Can I Get a Car Lease With Bad Credit?

Can I Get a Car Lease With Bad Credit?

Can I Get a Car Lease With Bad Credit?

Your heart is set on a shiny, new set of wheels but your credit is tanked. Don’t despair; you’re not the first driver to face this dilemma. Car leases do exist for those with bad credit and may even help you beef up your score. Here’s why: Monthly payments can be much lower for leased cars, they often fall under... Read More

Show Me 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.