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.

Is It a Good Time to Refinance My Car Loan?

Is It a Good Time to Refinance My Car Loan?

Is It a Good Time to Refinance My Car Loan?

Taking out a car loan isn’t a life sentence. And you’re not necessarily stuck with the original terms of your loan. You can always reach out to your lender to ask, “Can I refinance my car loan?” If your lender says yes, you could save hundreds or thousands of dollars your current loan. The main... Read More

Why the End of the Year is the Best Time to Buy a Car

Why the End of the Year is the Best Time to Buy a Car

Why the End of the Year is the Best Time to Buy a Car

Buying a new car is very exciting!  You may even already have your dream car picked out, down to the color and the interior. But have you considered the price of your car? Budget is very important because you want something that’s affordable. Did you know that car prices constantly change? In fact, the best... Read More

Help, I Need to Get the Cosigner Off My Car Loan!

Help, I Need to Get the Cosigner Off My Car Loan!

Help, I Need to Get the Cosigner Off My Car Loan!

We’ve had many readers write in after a divorce and ask how to split their assets with an ex-spouse. One of the most common questions is how to remove an ex or another cosigner from a car loan and title. Here’s how to go about it. What’s the Role of a Cosigner? It can be... Read More

What Is the Average Used Car Loan Rate?

What Is the Average Used Car Loan Rate?

What Is the Average Used Car Loan Rate?

Article originally published July 13th, 2016. Updated October 30th, 2018. More people are opting to lease their new set of wheels instead of purchasing them, according to Q2 2018 data from Experian. The number of auto loans grew to an all-time high, with leasing surpassed 30% of all new consumer vehicle sales. But the interest rates consumers are... Read More

Buying a Car From the Dealership? Here’s What to Bring With You

Buying a Car From the Dealership? Here’s What to Bring With You

Buying a Car From the Dealership? Here’s What to Bring With You

You’ve done your research, checked your credit reports to make sure they’re accurate, and you’re ready to get serious about buying a car. You feel more than ready to sign on the dotted line and drive home in your new ride. It could happen. Or, you could drive home in your old vehicle, kicking yourself... 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?

Article Updated July 18, 2018. If it’s time to purchase a new vehicle, you may be wondering about one obstacle that could get in your way: your credit. Maybe you’re unsure how good your credit is, and you don’t know what credit score is needed to buy a car either. It is better to educate... Read More

5 Steps for Getting a Car Loan

5 Steps for Getting a Car Loan

5 Steps for Getting a Car Loan

This Article was Updated July 5, 2018 When you are looking to buy a vehicle, the first thing you should do is apply for a preapproved loan. The loan process can seem daunting, but it’s easier than you think and getting preapproval prior to going to the car dealer may help alleviate a lot of... Read More

4 Things You Must Do Before You Lease a Car

4 Things You Must Do Before You Lease a Car

4 Things You Must Do Before You Lease a Car

Article Updated May 31, 2018 by Brian Acton Getting a new car is a big decision, and you should choose your next vehicle carefully. But if you think finding the right car is difficult, deciding whether to lease or buy can be even more overwhelming. While leasing isn’t for everyone, it does offer a few... Read More

A Millennial’s Guide to Getting Your First Car Loan

A Millennial’s Guide to Getting Your First Car Loan

A Millennial’s Guide to Getting Your First Car Loan

Buying a car is almost a rite of passage. Making that first car purchase, negotiating with the seller, and arranging financing (if you need an auto loan) all require a certain amount of savvy. And, once you successfully achieve the car-buying milestone, another signpost looms in the distance: Refinancing. Whether you’re getting an auto loan... Read More

7 Tips for Deciding How Much Car You Can Afford

7 Tips for Deciding How Much Car You Can Afford

7 Tips for Deciding How Much Car You Can Afford

According to the most recent State of the Automotive Finance Market study from Experian, the average new car loan surged to a shocking $30,534 during the first quarter of the year. Unfortunately, those purchasing new cars didn’t lower their expenses that much. The study noted that the average used car from a franchise set consumers... Read More

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