Understanding your car’s equity amount is essential if you plan to sell your vehicle or trade it in at a dealership to purchase another car. Those with positive equity built up in their vehicles generally find it easier to navigate these processes compared to those with negative equity. If you’re not well-versed in the concept… Continue reading What is Negative Equity on a Car?
What Car Can I Afford?
Owning a car nowadays is more necessary than ever before. With so many cities having limited transportation options and various employers issuing return to office mandates, it’s important to possess a vehicle of your own to live a regular daily life. However, if you’ve never bought a car before, you may wonder, “What car can… Continue reading What Car Can I Afford?
What to Do When You Can’t Afford Your Car Payment
If you’re hit with the stress of realizing you can’t afford your car payment, you’re not alone. Interest rates and auto prices are at record highs, with millions of Americans struggling to keep up. As of early 2024, over 3.52% of auto loans are more than 30 days past due, with the average monthly car… Continue reading What to Do When You Can’t Afford Your Car Payment
Balance Transfer Auto Loan
Can I Do a Balance Transfer for an Auto Loan? The Federal Reserve is tying recent high rates of auto loan delinquencies to high monthly payments in 2025. The average payment on a car loan is around $500, so it’s not surprising that Americans are struggling to make ends meet. One of the ways to… Continue reading Balance Transfer Auto Loan
How to Save Money Buying a Car
If you’re like most shoppers, you prefer to save whenever and however you can. For many Americans, having a car is an important part of life and essential for travel. A car loan can take up a considerable amount of your budget, so shopping smart is the biggest tool you can have in your toolkit. … Continue reading How to Save Money Buying a Car
Are Car Financing Rates Going Down?
Will Car Financing Rates Go Down Soon? It is difficult to predict with certainty whether car financing rates will go down in the near future, as they are influenced by numerous factors, including economic conditions like inflation. Inflation has affected the lives of many Americans, increasing the cost of groceries, utilities, and car financing. If… Continue reading Are Car Financing Rates Going Down?
What is the Auto Loan Process Like?
What are the Steps in the Auto Loan Process? The auto loan process can seem intimidating, especially if you’re a first-time car buyer. However, understanding the steps involved in securing an auto loan can help you feel more confident and prepared as you embark on this exciting journey. Here’s a brief overview of how car… Continue reading What is the Auto Loan Process Like?
I Have 2 Cars, Can I Get One Loan Based On The Combined Value?
Can I Get One Loan Based On The Combined Value of 2 Cars? If you have two cars and are considering taking out a loan, you may wonder if it is possible to get one loan based on the combined value of 2 cars. The answer is that it is possible but may not be… Continue reading I Have 2 Cars, Can I Get One Loan Based On The Combined Value?
Can You Finance A Car With Bad Credit?
Can I Get Approved for a Car Loan Due to Bad Credit? If you struggle to get approved for a car loan due to bad credit, you’re not alone. Many people have faced the same issue and have been able to secure financing despite having less-than-perfect credit. So, can you finance a car with bad… Continue reading Can You Finance A Car With Bad Credit?
What Are The Fees Associated With Auto Loans?
How Many Different Fees Come With Car Loans? Auto loans are a common way for consumers to finance the purchase of a new or used vehicle. While they can be a convenient and affordable option, it’s important to understand the fees associated with auto loans before signing on the dotted line. Here are some of… Continue reading What Are The Fees Associated With Auto Loans?
