Credit Score & Auto Loans: How Do They Mix?
When there are so many different alternatives available, finding the best car loans can feel like an unpleasant chore. This article aims to ease the complexities of car financing, and offering valuable advice for those interested in cars - from enthusiasts and DIYers to mechanics, gearheads, collectors and racers. For those with poor credit, we'll explore how your credit score ...
How to Get Out of an Upside Down Car Loan & How to Avoid it
What Is An Upside-Down Car Loan? Being upside-down on your auto loan simply means that you owe more than the car is worth. It's also known as being underwater on the loan or having a negative-equity auto loan. If you wish to trade in your car but have negative equity, you must pay it off before you can get a ...
The Dangers of Using Student Loans to Buy a Car: Alternatives and Solutions
Hey future scholars and car buffs! Got that hefty check for your schooling, right? The one shouting "Fuel your mind, not a motor!" But the allure of cruising in a slick new whip may be gnawing at you. Before swapping textbooks for car keys though, let's unpack why using student loans to snag a vehicle could send you on an ...
Auto Loans: Financing Options for New & Used Cars
What is an Auto Loan? Auto loan is a financing option that enables individuals to purchase a new or used vehicle. The loan is secured, which implies that the car serves as collateral for the loan. In essence, the process involves borrowing money from a lender and agreeing to repay it with interest within a specified timeframe. Car loans are ...