Potential dollar savings from lowering APR
6 tips for getting a low rate and boosting your chances to save     Lowering the annual percentage rate of an auto loan is one of the best ways to save on vehicle financing and the total cost of buying a car. Take a look at the following approaches to see what may work best for you.   1. Check your credit reports and build credit Whether you want to save cash on financing for your existing car or get a low interest rate and APR to buy your next one, checking your credit position and building credit may… Read More

Buying a car out of state
    Buying a car out of state can be a good way to get hold of a model that’s thin on the ground in your area, or to pick up a bargain, but be prepared for some extra steps as you go about making a purchase. Principally, you’ll need to title and register the vehicle in your home state, pay your sales tax there, and check with your state’s department of motor vehicles before you buy for other requirements including emission standards and safety inspections. You’ll also want to plan ahead to ensure the vehicle meets your own needs,… Read More

Car terms to know when you're a first-time buyer
Talking about cars can get complicated at times, especially if you’re not familiar with the terminology. The following articles explain some automotive terms you may come across in different situations, from trading in a vehicle to getting a service. Click the headlines to learn more.     Car terms to know when trading in your vehicle Walk into the dealership with the confidence to negotiate a better deal by understanding the likes of “trade-in allowance,” an “upside down loan” and “rolling over.”   Car terms to know in the F&I office When you sit down to pay for your vehicle,… Read More

Ozark Mountains waterfall
  Having seen little of Arkansas but enough to want to see more, we set off for “The Natural State” looking forward to the great outdoors. Arriving at a secluded homestead in a valley of the Ozark Mountains several hours later, we immediately felt we’d got what we came for. The drive from the Dallas metroplex had got progressively more scenic as we crossed the Red River into Oklahoma, traveled over Lake Eufaula and the Arkansas River further north, then crossed into Arkansas before finding our way along the backroads. Now, my family and I sat back on the verandah,… Read More

Car insurance and GAP insurance payouts
GAP insurance is not for everyone, but if you’re financing a car, it could make all the difference. Guaranteed asset protection, to use its full name, is an optional product that protects your finances in the event your car is stolen or totaled in an accident. While car insurance will cover the market value of a vehicle, if you owe more than that on your loan, GAP insurance steps in to cover the rest and save you from delving into your own pockets.     Situations where GAP insurance is helpful Cars, as you may have heard, are depreciating assets… Read More

Credit scores run across a numerical range
  On a car-financing journey that naturally travels through a range of numbers, your credit score is a good one to start off with. Based upon your credit behavior compiled in your credit history report, it sums up in three digits your credit health, which gives you some insight on how likely you are to get financing and, if approved, how favorable those terms may be. The higher the number, the better your credit and, usually, the stronger your position. Consumers actually have more than one credit score because there are a number of credit scoring sources and models, and… Read More

Halloween Safety Tips for Drivers and Pedestrians
  As October 31 approaches, all I can think about is trick-or-treating, haunted houses and costume parties. It’s a fun time of year to dress in a crazy costume, get together with friends and load up on sugar. On such an exciting and busy night spent outdoors, it’s important to remember that, while having fun, staying safe should be a top priority. Here are eight tips to help when behind the wheel and on foot.   Four safe-driving tips to remember Speed control Although you may usually drive at a certain speed around your neighborhood on a daily basis, on… Read More

Pros and cons of buying a used car list
More than twice as many car buyers opt for a used vehicle over a new one, but is that the best choice for you? While lower used-car prices are a key factor for many consumers, there’s more to consider as you come to a decision.     Advantages of buying used Lower prices Rapid depreciation, with a new car losing 20 percent of its value in the first year and about 40 percent after year three, enables used-car buyers to take advantage. Lower prices also provide a better chance of being able to pay cash for the purchase, or make… Read More

Car terms to know in the F&I office
After reaching a deal on a car at the dealership, you’ll usually be ushered into the F&I office – the financing and insurance department – to finalize your purchase. This is where you will be offered financing, other products and optional extras, some of which you may never have heard of before. To make that process easier and help you decide if they’re things you’d like to buy, take a look at the key terms likely to come your way, below.     F&I manager – The person who will take you through these final steps before you sign on… Read More

New car loan vs. Used car loan
Should you buy new or preowned this time? A quick comparison of new vs. used auto loans can be a useful part of that decision-making process. After all, if you’re committing to a financing contract for a number of years, you’ll want to make sure it works for you and you’re comfortable with things like interest rate, monthly payment and what you’ll end up paying for the vehicle in total. Read through the advantages of each type of loan, below, to understand which may suit you best, and learn how RoadLoans customers enjoy more control in the car-buying process.  … Read More