November 2017

You are browsing the site archives for November 2017.
Credit: Chevrolet/Newspress USA
  They say that getting there is part of the holiday experience. But not always in a good way, it should also be said. As millions of Americans take to the highways for a family road trip this Thanksgiving, a new survey reveals the biggest causes of stress. Traffic and unexpected delays, packing and cost are the main pain points, according to the poll carried out for Chevrolet. About one in four parents are most stressed by having to answer cries of “are we there yet?” and just under one in three find it stressful to keep the kids entertained.… Read More

How an auto loan cosigner or a co-borrower may help you get moving
  If you’ve been denied financing for a vehicle because you have no credit or bad credit,* then an auto loan cosigner or a co-borrower may be what’s needed to get on the road and on with your life. While a cosigner and co-borrower are different, each may boost your chances of approval and, if approved, better your loan terms. And what a difference having your own transportation can make, whether it’s getting to college classes to further your education, getting to work on time and stress free, picking up the kids from school or taking a relaxing road trip… Read More

Used-car shopping, ‘exciting’ electric cars, GAP coverage, millennials
A used car won’t fit in a stocking or under a tree. But that won’t stop several million Americans from purchasing them during the holidays. Because many now have learned that, although dealerships will be super-crowded between now and the new year, it’s still a good time to shop for your next vehicle. We’ll tell you why – and when – to shop, as well as whether you should consider GAP “insurance” coverage, which electric cars actually may be exciting to drive, and why millennials still want that in-person, car-shopping experience everyone thought they didn’t.     While RoadLoans, the… Read More

How to shop for a car on Black Friday, and through the holiday season
  Black Friday has become one of the best times of year to shop for a car deal thanks to a “perfect storm” of conditions, and kicks off a whole holiday season of auto sales through the end of the year. Many carmakers have deep discounts on outgoing-year models, dealerships may offer their own reductions, the Thanksgiving holiday weekend falls at the end of the month – a time when dealership staff are looking to meet sales goals – and a great marketing buzz surrounds it all. It’s not all about new cars, either; research has shown there have been… Read More

Car terms to know when you’re a first-time buyer
Even if you’ve been driving for a little while, taking the step of buying your first car is likely to throw out some terminology you haven’t come across before. Here are 13 terms it’s useful to know, and which may help you land the right car at the right price.     Sticker price – The manufacturer’s suggested retail price (MSRP) for a new car. A dealer could sell the car for more or less than the MSRP. There may be an opportunity to negotiate down from here toward the factory invoice price, which is what the dealer paid the… Read More

Getting a car loan as a first-time buyer with no credit history or bad credit
  As a first-time car buyer with no credit or bad credit,* you might feel up against it. That’s understandable. Consumers with long and strong credit histories generally stand a better chance of getting financing from an auto lender, and may enjoy better terms and a greater choice of vehicles. But now that we’ve aired some of the common realities of auto loan shopping as a first-time buyer, take heart. Many lenders accept applications from first-time buyers, and guess what? Many of those consumers have limited or bad credit histories. When you’re in one of these situations, there are a number of steps that may… Read More

Why all-new or newly redesigned doesn’t always mean a better car
  Choosing a brand-new vehicle brimming with cutting edge features and a sleek new design can certainly add extra excitement to the car-buying process. But taking this route may also come with a downside, as the implementation of new and relatively unproven technology sometimes misfires when it comes to reliability. Consumer Reports’ 2017 auto survey, which incorporates results from 640,000 vehicles owned by 400,000 subscribers, shows that “all-new or updated models are more likely than older ones to have a wonky engine, a jerky transmission, or high-tech features that fail outright.” Owners of first-year models had twice as many complaints… Read More

Do I need a co-borrower on a car loan?
  If you plan on co-owning a vehicle, or you’d like to maximize your chances of approval and a larger loan amount, applying for a car loan with a co-borrower could be the right option for you. A co-borrower is an equal partner in the car-buying process who has access to the benefits of car ownership as well sharing in its responsibilities. With a joint auto loan, the details of both parties are included on the application form and the car title, both are responsible for repaying the loan, and each has the same rights to the use and ownership… Read More