Credit scores for car loans can make a huge difference in what you end up paying. Experian’s data shows that Prime or better credit borrowers got about two-thirds of all new-car loans last year, and 44 percent went to those in the Super Prime category. The financial impact hits borrowers with lower scores pretty hard. […]
Why Your Credit Score Could Cost You $10,000 More on Your Car Loan [2025 Guide] Read More »
Car buyers often feel lost in auto finance negotiations because they don’t know what goes on behind the scenes. Most people look at the sticker price alone and don’t realize that loan amounts can range from $7,500 ($8,000 in Minnesota) to a staggering $1,000,000. Smart shoppers need to understand their monthly payment calculations before they
Auto Finance Secrets: What Dealers Don’t Tell You About Car Loans Read More »
Are extended car warranties really worth the money when dealers jack up their prices by 50% above their actual value? This question matters more than ever now that cars are becoming more complex and expensive. Many car buyers think over extended warranties to protect themselves from costly repairs. Your new vehicle typically comes with factory-backed
How to Decide if an Extended Car Warranty is Worth It: An Honest Guide Read More »
The average monthly payment reached $742 for new cars and $525 for used cars by late 2024. These steep car payments put pressure on many budgets. The good news is that refinancing your car loan could provide a way out. Let’s look at the numbers. A $30,000 auto loan refinanced from 9% to 7% interest
The Easiest Way to Refinance Your Car Loan: A Simple Guide Read More »
Image Source: Dreamstime.com Car loans are a vital financial tool that enables individuals to purchase vehicles without needing to pay the full price upfront. These loans are agreements between a borrower and a lender where the lender provides the funds to buy a car, and the borrower agrees to repay this amount plus interest over
The Ultimate Guide to Understanding Car Loans: Everything You Need to Know Read More »
The most important financial decisions you’ll make is getting an auto loan with bad credit. Deep subprime borrowers pay interest rates of 14.78% for new cars and 21.55% for used vehicles, according to Experian’s recent data. A $30,000 new-car loan over 60 months could cost borrowers with the lowest credit scores an extra $9,000 compared
Best Auto Loans for Bad Credit: Hidden Secrets Banks Don’t Tell You [2025 Guide] Read More »
Americans are struggling with car payments more than ever before. Monthly car payments now range between $500 and $750. The financial strain has become so severe that 58 percent of drivers must cut other expenses just to keep their vehicles. Your struggle with car payments puts you in the same boat as millions of others.
How to Refinance Your Car Loan and Save $200+ Monthly [2025 Guide] Read More »
