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.

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

Help! I Bought a Car & I Shouldn’t Have

Help! I Bought a Car & I Shouldn’t Have

Help! I Bought a Car & I Shouldn’t Have

While you shouldn’t buy anything you can’t afford, plenty of people will tell you things don’t always work out that way. Perhaps you hadn’t calculated your ability to absorb the item’s cost, or maybe your financial situation changed shortly after making a large purchase — regardless of what got you into this pickle, you have… Read More

6 Ways to Boost Your Car’s Trade-in Value

6 Ways to Boost Your Car’s Trade-in Value

6 Ways to Boost Your Car’s Trade-in Value

You’re finally in tip-top financial shape to purchase a new car, but there’s one problem. How will you get your existing set of wheels off your hands? You don’t have the time to deal with the hassle of a private sale, and you have no desire to auction it off. You decide a dealer trade is the… Read More

Report: Car Insurance Is More Expensive for Low-Income Drivers

Report: Car Insurance Is More Expensive for Low-Income Drivers

Report: Car Insurance Is More Expensive for Low-Income Drivers

The largest auto insurers often charge higher premiums to safe drivers with low to moderate incomes than they do higher-income drivers who recently caused an accident, shows an analysis from the Consumer Federation of America released Monday. The CFA report “The High Price of Mandatory Auto Insurance for Lower Income Households” looked at income data… Read More

The Real Reason Your Car Dealer Wants to Lend You Money

The Real Reason Your Car Dealer Wants to Lend You Money

The Real Reason Your Car Dealer Wants to Lend You Money

In response to what it sees as a troubling trend of auto-lending discrimination at banks, the Consumer Financial Protection Bureau is proposing to oversee the business practices of nonbank consumer auto lenders – including automakers’ financing units — in the same manner that it does the nation’s banks. Reactions have been swift and searing. The… Read More

The 10 Cities With America’s Worst Drivers

The 10 Cities With America’s Worst Drivers

The 10 Cities With America’s Worst Drivers

Driving in cities on the East Coast doesn’t sound too appealing, based on the latest edition of the Allstate America’s Best Drivers Report. Of the 200 most populated cities in the country, 9 of the 10 places where it’s least safe to drive are located in eastern states. Three of them are in Massachusetts. The… Read More

What Credit Score Do I Need to Buy a Car?

What Credit Score Do I Need to Buy a Car?

What Credit Score Do I Need to Buy a Car?

You know it’s time to for a new vehicle, but there’s one thing holding you back: your credit. You aren’t sure what credit score you need to buy a car. If you absolutely must get another vehicle, you can probably find a way to finance it. The real question is what it will cost you. The better… Read More

7 Ways to Slash the Cost of Car Repairs

7 Ways to Slash the Cost of Car Repairs

7 Ways to Slash the Cost of Car Repairs

While you’re cruising down the highway, a tiny light comes on on your dashboard. You dismiss it because it’s only the oil change icon, and you can afford to stretch it for a few hundred miles. And then another one appears. This time, it’s the check engine icon. Panic mode instantly sets in. The last time… Read More

How to Make Sure Your New Car Isn’t a Clunker

How to Make Sure Your New Car Isn’t a Clunker

How to Make Sure Your New Car Isn’t a Clunker

Show me the Carfax. Remember when those commercials first hit the airwaves? It was only a matter of time before dealerships everywhere started touting a Carfax report with every used car. The reports promised an almost crystal ball view into the history of a vehicle. Sellers could no longer hide accidents, major repairs or faulty… Read More

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