How I Sold My Car on My Own

Auto Loans

How I Sold My Car on My Own

How I Sold My Car on My Own

I’m not a car person. For many years, I dreamed about going carless, but it only recently became a practical option. It was so nice to think about a life without making car insurance payments, finding a parking spot, dealing with vehicle maintenance and all the other ways cars annoy me, so I was extremely… Read More

The Most Car-Hungry States in America

Auto Loans

The Most Car-Hungry States in America

The Most Car-Hungry States in America

People in Wyoming really like cars. Or trucks. Or whatever it is they’re getting when they take out auto loans. Because even though Wyoming is the least populated state (including the District of Columbia), its residents take out the most auto loans in the country, proportionate to its population. In the third quarter, consumers took… Read More

How to Read a Car Repair Estimate

Auto Loans

How to Read a Car Repair Estimate

How to Read a Car Repair Estimate

Unless you enjoy turning a wrench, car repair and maintenance is a necessary evil. Car repair bills always seem so unfair and often include repairs that didn’t really seem necessary. The whole experience is taxing, but with this list of suggestions, we can help shrink your repair bills, ensuring a better experience and a well-running… Read More

7 Cars That Cost More Than a House

Auto Loans

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?

Auto Loans

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

Auto Loans

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

Can a Co-Signer Lower Your Car Payments?

Auto Loans

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?

Auto Loans

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

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

Auto Loans

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

The High-Tech Ways Debt Collectors Get You to Pay Up

Managing Debt

The High-Tech Ways Debt Collectors Get You to Pay Up

The High-Tech Ways Debt Collectors Get You to Pay Up

It sounds like science fiction. A lender sitting in an office who wants a payment clicks a button on a screen, and suddenly, the borrower’s car is disabled on the side of the road. “Pay now or you’ll never drive again,” is the clear message. It’s not a movie script. Car “ignition interrupt devices” are… Read More

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