How does refinancing a car work?
  Refinancing a car is the process of having your car loan paid off and replaced with a new one, often with a different lender, that has new agreed-upon terms. There are various possible outcomes and, in many cases, it’s about saving money, though not always. Borrowers often look for a lower monthly payment, reduced interest rate or different loan duration, or a combination of these. Let’s look at each in more detail.   3 potential outcomes of refinancing an auto loan  Lower monthly payments Refinancing may lower the monthly car payment. This might be by reducing the interest rate… Read More

Do guaranteed auto loans exist?
  You may have seen advertising for “guaranteed auto loans” and “guaranteed auto loan dealerships” while shopping for car financing, especially if you have bad credit.* It sounds appealing, but you may want to ask yourself how a company can offer a guarantee without knowing your individual credit and financial situation, or what type of vehicle you want to buy. At RoadLoans, we don’t claim to offer guaranteed auto loans but we can give you some tips on how likely you may be to get approved and, if so, what kind of interest rate you might get. You may also… Read More

Safety tips for spring driving: How to handle seasonal hazards
  With clocks going forward this Sunday and springtime approaching, you may be anticipating some better driving weather. Spring forward with a little caution though, as there are seasonal hazards to negotiate before summer arrives. These driving tips will help. Slow down on wet roads Rain is a big deal and the deadliest weather-related driving hazard. There’s plenty of it at this time of year with spring showers making roads slick when water mixes with oil on the pavement. The first 10 minutes of a light rain can be most dangerous for hydroplaning, when tires slide across a wet surface,… Read More

8 Lightly used cars with big savings over new versions
  What a difference a year makes. Car buyers deciding between new and used may be tempted by savings of more than 30 percent on a number of one-year-old models. analyzed millions of sales between Aug. 1, 2017, and Jan. 24, 2018, to uncover eight low-mileage, nearly new vehicles that all sold for prices well below brand-new versions, making a clutch of luxury cars much more affordable, and dropping the price of some mainstream ones, too. High-end models include the Cadillac XTS, which costs 38.7 percent less – a saving of $20,965 – when bought used over new, along… Read More

9 Cars to buy new instead of used, paying only a little extra
  While it often pays to buy a lightly used car instead of a new one, sometimes it really doesn’t cost much more to enjoy a fresh-out-of-the-factory model. has identified the top nine vehicles for which you have to pay the least to get new over the previous year’s version. Crunching the numbers of six million new and used vehicles sold between Aug. 1, 2017 and Jan. 24, 2018 suggests the Jeep Wrangler Unlimited is the best buy, with a brand new one costing just $3,199 more than a one-year-old model. Several other popular and affordable SUVs including the… Read More

Average new- and used-car prices, and the advantages of flexible financing
  The average price of a car has been increasing steadily in recent years and, while cost varies by vehicle type and manufacturer, the overall figures may help you understand what’s affordable for your next purchase. The average new-car price stood at $36,113 toward the end of 2017, up from $33,525 just five years ago, while the average used-car price increased from $16,900 to $19,400 over that period, according to Kelley Blue Book and Edmunds data.     New-car prices have risen in step with the economy since the Great Recession and the average price is now beyond the means… Read More

The pros and cons of electric cars
  10 Points to consider when shopping for an EV Growing choice, dropping costs and greater range are just some of the reasons electric vehicles are increasingly popular and a realistic choice for many motorists these days. If you’re considering going electric for your next vehicle, have a look at the pros and cons of electric cars, and how they stack up against conventionally powered vehicles, to help you make a decision. Pros Cheaper to run Electric cars are generally one third cheaper to run than conventionally powered vehicles on a cost-per-mile basis, which could make a welcome difference to… Read More

5 Must-see cars at the DFW Auto Show
Besides getting a hands-on look at the latest new vehicles to shop for now or in future, for many, auto shows are also about taking a moment to admire the rare, unusual and often super-luxurious rides on display. Here are five head-turning, must-see cars currently being exhibited at the DFW Auto Show, Dallas, though Sunday, Feb. 18.   2018 Nissan Maxima Captain Phasma Meet Captain Phasma, one of the toughest Stormtroopers in the galaxy, in car form. The Maxima Captain Phasma concept vehicle is a product of Nissan’s collaboration with Lucusfilm for the latest “Star Wars: The Last Jedi” movie,… Read More

How to pay off a car early and save money
      Think what you might do with no monthly car payments in your budget. Take more vacations, enjoy more evenings out or build up a savings pot for the future, perhaps. Whatever it is, pay off your car early and not only is that debt behind you, but you may have made a decent saving in interest charges, too. There are several common approaches to paying off a vehicle early, which center on making more frequent payments; regular extra payments; an occasional large payment; a combination of these, and refinancing. Start off by getting familiar with the details… Read More

My first car: The 1998 Volvo S70 that always seemed to weather the storm
  As a teenager with a busy after-school schedule, I waited eagerly for September 17, 2008 – my 16th birthday – to come so that I could finally get my driver’s license. My parents were ready, too; between choir practice, vocal lessons, dance team, basketball and church, it was practically a full-time job wheeling me around town. However, on that day, instead of celebrating with friends and family and being handed the keys to a car (big red bow included!), I found myself sitting in a restaurant with a sopapilla birthday cake – generator… Read More