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Dealership vs The Bank: Which One Can Give You the Best Auto Loan Rate?
When buying a new car, it's important to shop for the best auto loan rate. But which one is better: A dealership or the bank?
Where Can I Find the Lowest Auto Loan Interest Rate?
Buying a car requires a good amount of homework in order to get the best deal. Not only do you need to do your research when it comes to finding the right car, but you should also do your research when it comes to paying for it. Are you paying cash, leasing, or financing? If …
Do You Need Money to Buy A Car?
You need money for just about everything nowadays. You need money to buy food, gas, and pretty much everything else that you need in your daily life. But do you really need money to buy a car? Unfortunately, cars are not free As much we would all love to walk into a dealership and demand …
Americans Owe Almost $1,200 Billion in Outstanding Auto Loans
While the global economy begins to recover slightly from the impact of the ongoing Covid-19 pandemic, the world of auto loans is in trouble. Most buyers opt for a car loan when purchasing a vehicle rather than paying it in full. As a result, when the economy struggles, late payments become more common. According to …
Is Rolling ‘Negative Equity’ into a Loan a Good Idea?
Cars will depreciate in value no matter what. If you drive a new car off the lot, it can lose up to 20 percent of its value within the first year of ownership and a lot more over time. If a car ends up being worth less than what you owe on it, then that …
What Does ‘Loan-to-Value’ Mean and Why Is it Important?
When you apply for a car loan, there’s a lot more to that lenders take into account that just your credit score and history. They will look as factors like your annual income, your outgoing debt, the value of the vehicle that you’re buying, and the loan amount that you’re looking to borrow. When considering …
