Auto Loans

Do you have a car loan or other auto loan? If so, you’re not alone. For so many people, their car loan takes up a significant portion of their monthly budget. But that’s no reason to be discouraged. Below, you’ll find blog posts about how to pay off your auto loan faster, what to do if you can’t pay, how to understand your loan terms, and how to refinance or lower your auto loan interest rates.

9 Auto Loan Financing Tips You Shouldn’t Ignore

During my teenage years, I was fortunate enough to receive my first car as a gift from my mother. Once it was time for a new set of wheels, I quickly drove to the nearest auto dealership and started my search. Little did I know, getting a good deal on a new car requires a ton of research. And the financing process…

Confession: I Financed My Car (My NEW Car)

One of the cardinal rules of personal finance is that you don’t finance your cars. You save up and pay cash. Another cardinal rule of finances is that you don’t buy new. With my last car (the car I drive now), I broke both of these rules. And I don’t even feel bad about it. Here’s why:

How Much Money do I Need for a Car Down Payment?

If you’re in need of a new car, it’s hard to know exactly where to start. First, you need to calculate how much cash you’ll need upfront and what that sum means for your loan and payments long term. Like any large purchase, you need to know what’s within your budget. You don’t want to jump head first into an…

6 Things You Should Always Negotiate Pricing On

If you’re like me (and probably everyone else for that matter), I’m always looking for the best deals when it comes to making a buying decision on a product or a service.  But I always take it a step further by negotiating the final price:  It’s all part of my money saving techniques to help keep more money in my…

How to Get the Best Auto Loan with Little or No Credit

Expecting our first child this fall, my husband and I have started shopping for a new family car. Walking into the dealerships and test driving the cars has been an entirely different experience from ten years ago when I bought my first car with very little credit to my name. Now, I know we have solid credit scores and I…

5 Things to Know When Getting a Loan for a Motorcycle

Ready to hit the open road with a brand new, or new-to-you, motorcycle of your own? Before you start shopping for the ride you’ve always dreamed of, it’s important to consider your overall financial picture and what lenders might be willing to offer you. It might seem like shopping for a motorcycle loan is the same as shopping for a…

Calculating a Car Payment, Why Smaller Isn’t Always Better

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It’s summertime, which means one thing – it’s car buying season. Manufacturers ramp up sales and, soon, next year’s models will be hitting the showroom floors. Buying a car is one of the most major purchases many make, aside from buying a house. That being the case, most car buyers need to take out loans to drive home with new…

Tips & Tricks on Buying a Car: How to Win the Car Game

Car salesmen are notorious to be the best salesmen out there. From the moment you walk into a dealership, they have a meticulous game plan on how to win your business. Recently, I was in the market for a new (used) car. I decided to stop by the nearest dealership from my house to check out their inventory. Of course…

Common Questions: Can I Transfer a Car Loan?

Oftentimes on this blog we get questions about how to get out of a car loan. This kind of question can come from many types of situations. Sometimes people have bitten off more than they can chew with their monthly car payments. Sometimes people lose their job and want to transfer the car loan to a potential buyer. And sometimes…

What Is a Good Credit Score to Buy a Car?

You’ve likely heard the doom-and-gloom talk about how lenders have put loans on a much tighter leash in our post-recession economy. And it’s true; lenders are no longer giving out a loan to any old person with a government-issued ID and a smile. So what does this mean for you if you are in the car-buying market? How will you…