7 Reasons Buying a Car May Be Smarter Than Leasing

Auto Loans

7 Reasons Buying a Car May Be Smarter Than Leasing

7 Reasons Buying a Car May Be Smarter Than Leasing

More than ever before, people are leasing their vehicles. Yet 75% of Americans believe that buying a vehicle is smarter than leasing one. Why? Karl Brauer, senior analyst, Kelley Blue Book’s KBB.com, summed it up: “Buying a car allows the owner to build equity in a vehicle and recoup some percentage of it when it’s time… Read More

7 Reasons Leasing a Car May Be Smarter for You

Auto Loans

7 Reasons Leasing a Car May Be Smarter for You

7 Reasons Leasing a Car May Be Smarter for You

Ten years ago, about 16% of new cars became lease vehicles. Today, nearly one in three vehicles on the road is leased. Whether you lease or buy your vehicle depends largely on your goals. If you’re looking to justify a lease, here’s why it might make more sense, along with some items you should try… Read More

How Much Is Too Much to Spend on a Car?

Auto Loans

How Much Is Too Much to Spend on a Car?

How Much Is Too Much to Spend on a Car?

Everyone overspends from time to time, but when it comes to big purchases, like a home or vehicle, something that seems like an exciting splurge could end up devastating your finances. The question of, “How much is too much?” is quite personal. To say that you should only spend a certain percentage of your income… Read More

8 Luxury Cars You Can Buy for Under $20K

Auto Loans

8 Luxury Cars You Can Buy for Under $20K

8 Luxury Cars You Can Buy for Under $20K

Fancy cars generally come with hefty price tags, but that doesn’t necessarily mean luxury is beyond your reach. With a little bit of patience and strategy, you might be able to buy a luxury vehicle for thousands of dollars off the sticker price. The National Automobile Dealers Association compiled a list of eight luxury vehicles… Read More

How to Get a Car Loan After Bankruptcy

Auto Loans

How to Get a Car Loan After Bankruptcy

How to Get a Car Loan After Bankruptcy

Buying a car can feel stressful enough, but when you have been through bankruptcy it may feel downright terrifying. No matter what the circumstances that led to your filing — large medical bills or a job loss, for example — you probably feel embarrassed and afraid that no one’s going to want to give you the time… Read More

Does a Lower Loan Payment Come at a Big Cost?

Personal Finance

Does a Lower Loan Payment Come at a Big Cost?

Does a Lower Loan Payment Come at a Big Cost?

Are we looking at yet another consumer bubble? The stock market is up, inflation is down, and although wages have not yet returned to their pre-crash levels, household incomes are beginning to gain ground. So when the Federal Reserve Bank of New York recently reported a $117 billion increase in aggregate household indebtedness, some viewed… Read More

Is There a Subprime Car Loan Bubble?

Auto Loans

Is There a Subprime Car Loan Bubble?

Is There a Subprime Car Loan Bubble?

Auto loans are hot. Consumers can’t seem to get enough of them, and the average loan has soared from $14,700 to $17,400 in the past five years, according to TransUnion. Wall Street can’t get enough of them either: Santander Consumer USA just sold off $700 million of its subprime loans to investors within a few… Read More

Can You Refinance a Car?

Auto Loans

Can You Refinance a Car?

Can You Refinance a Car?

If investing 15 minutes would save you $50 a month for the next three years, would you do it? That seems like a no-brainer, but you’d be surprised how many people are passing up a similar deal. That would be a total savings of $1,800 or, put another way, that 15 minutes would be an opportunity… Read More

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