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A person holding out 10-$100 bills for finance spread out.

Are Finance Products for Your Car Worth It?

There are many tips on finding a vehicle that isn't a lemon on a car sales lot by doing a lot of research before going to the dealership. One thing that often gets overlooked when finding a good deal, is finalizing financing. All the extras sound great, but are the finance products really worth it?
A photo illustration of a hand holding a smartphone showing a graph with the credit score

What FICO Score Is Used for Car Loans?

There’s a lot to keep track of when you’re car shopping. And one of the most important numbers to know is your FICO score. This number builds upon the information from your credit reports and shows your financial realities with more depth than a traditional credit score. FICO scores are used in several industries in …
Close-up of the upper corner of a consumer credit report from the credit bureau Equifax, with text reading "Credit File" and "Personal Identification" on a light wooden surface on September 11, 2017

Does Buying a Car Build Your Credit Score?

For most people, buying a car is a big deal. It takes time to save enough money for such a large expense. But car loans make it possible to purchase a vehicle without having to scrape together the entire amount. How does car financing work, what effect can it have on your credit score, and …
A car dealership advertising financing deals on the window to entice those car shopping.

Negotiating the Interest Rate in a Car Deal Can Save You a Lot of Money

Buying a car from a dealership can be a royal pain if you don’t know what you’re doing. Don’t get us wrong, many dealers nationwide are now doing their best to make sure that the sales process is much smoother, safer, and overall pain-free nowadays, but truthfully, a car deal always comes down the numbers. …
A black 2021 Toyota Avalon driving in the snow

Is Toyotathon Worth it?

Every year, Toyota runs this campaign. The company gives consumers a certain amount of time to buy or lease a Toyota car, truck, or SUV with added deals and incentives. If you are hoping to get behind the wheel of a Toyota Avalon, 2021 Toyota Corolla, Toyota Tacoma, Toyota RAV4, Toyota Sienna, or one of …
Used Car Dealership

How Does a ‘Buy Here, Pay Here’ Dealership Work?

Do you have a poor credit rating and history, but are in dire need of a car? Don’t worry, there are a lot of Americans currently in the same boat, however, all is not lost. If you happen to have a poor credit rating and aren’t able to get a traditional loan from a bank, …
The Audi TT coupe is known for its clean interior design.

Automakers Want to Charge You Monthly for Your Car’s Best Features

Cars as we know them have always come equipped with a set of pre-determined features. Depending on the trim level, you get exactly what you pay for upfront. However, automakers are now planning to implement car subscription plans, charging a monthly or yearly fee to activate some of your car’s best features. Like a music …
A man pulling money from his wallet

Biggest Car Costs That Aren’t Your Monthly Payment

Buying a car responsibly usually required a lot of budgeting and a lot of research. Even the most thorough driver can forget that the car payment each month is far from the only cost your car can, or might, have. In fact, there are some costs that add up pretty quick and some that are …

Is Leasing a New Car Always Better Than Financing?

When it comes to buying a new car, there is always going to be a toss-up as to whether or not you should lease or finance. No matter how you look at them, cars are depreciating assets, and leasing a car means that you’ll be spending less during the time that you have it whereas …
An RV park that is both a temporary and long-term home for many oil field workers

Financing a New RV Is a Worse Investment Than a Regular Car

With the pandemic affecting people’s lives in many ways, many people’s summer vacations have looked different this year. There has been an increased interest in RVs, with higher sales and rentals of RVs this summer. According to the RV Industry Association, RV shipments were up 53.5 percent for this July over July 2019. That’s the …
Boat Test at Kogarah Bay. The Cruise Craft with a 140-hp Evinrude motor

Can You Finance a Used Boat?

If you’re ready to invest in a boat but aren’t sure where to begin, you may want to consider purchasing a used boat. This is often a much better financial decision than buying new, as boats depreciate up to 10 percent in their first year, LendingTree reports. By going with a used boat, you can …
A line of cars at a used car dealership

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 …
The logos of automobile companies (L-R) Abarth, Lancia, Fiat, Alfa Romeo and Jeep are pictured at the entrance to the Fiat Chrysler Automobiles (FCA)

Why Would Anyone Get a 72-Month Car Loan?

Car loans come in many forms and when you’re looking for a new vehicle to finance, there are a lot of factors to consider. Interest rates, fees, and term lengths help determine not only how much you’ll pay for your new car, but also how long you’ll be on the hook for it. So, when …

Getting A Good Auto Loan is Possible Even with Low Credit

When it comes to buying a new car, many people assume that if they have a lower credit score that their interest rates will be through the roof. Having a good or excellent credit score can provide a lot of opportunities for better loans and interest rates, but building or repairing credit takes time. Financing …