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Is it better to lease or buy a car?

Woman sitting in car at dealership
  Buying and leasing a car are two very different things, and each has its own merits according to what you want to get out of the vehicle. While buying tends to make more financial sense in the long run, you may have other priorities that leasing can accommodate, such as a lower monthly payment or a short-term commitment. Read through the benefits of both financing choices to help you decide on your next move.   Benefits of leasing a car Lower payments – In effect, leasing means you’re paying only for the depreciation of a vehicle over the course of… Read More
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Category: Financing

Preparing to apply for a car loan

Preparing to apply for a car loan
Applying for an auto loan is easy these days, but it still pays to prepare. Follow some simple steps and complete your application with confidence.   1. Check your credit reports Request your reports from the major credit bureaus to check for errors and dispute any you may find. Correcting mistakes is relatively quick – typically 10-14 business days according to Experian – and can be an easy way to give your credit score a lift.       2. Set a budget Use an affordability calculator to gauge how much you can spend on a car in total, and… Read More
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Category: Car and Driver Tips, Financing

7 cars that tick all the right boxes for tech

Hyundai Kona
As driver-oriented technology becomes a more significant part of the car experience, so too does the need for getting it right. Automakers are working hard at that, and it’s useful to know where they’ve done it best before splashing the cash on a new vehicle. J.D. Power’s Tech Experience Index Awards have whittled it down to seven models, based on the responses of more than 16,000 owners and lessees of 2019 versions at 90 days of ownership. These vehicles were either all-new or redesigned within the last three years, and assessed in categories including entertainment and connectivity, collision protection, comfort… Read More
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Category: Car and Driver Tips

Can you get guaranteed credit acceptance on a car loan?

Man driving car with credit acceptance auto loan
  Consumers who have established strong credit histories probably know they have a healthy chance of auto loan approval. For those with bad credit,* the situation may be less clear. Perhaps they’ve already been declined for financing, yet lenders offering guaranteed credit acceptance have caught their eye. In the end, the likelihood of driving away in a new set of wheels, and the price of their loan, depend greatly on which lender they picked.   “Buy here, pay here” dealers often advertise approval guarantees Offers of guaranteed approvals often come from “buy here, pay here” dealerships, whether advertised online or… Read More
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Category: Bad Credit, Financing

Can you get a high-mileage auto loan?

Auto loans for high mileage vehicles
    RoadLoans finances vehicles with up to 110,000 miles You may be able to get a high-quality used car at a great price   A well-traveled car is a different proposition these days. Whereas once 100,000 miles was a long-haul benchmark, improvements in technology and reliability mean more cars are now built to go well beyond 200K. That’s good news if you’re in the market for a high-mileage vehicle. There are still some risks to such a purchase – not all sellers will be offering reliable models, for example – but online lender RoadLoans enables its customers to shop with… Read More
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Category: Financing

Can I get approved for a car loan?

Can I get approved for a car loan?
  Can I get approved? When it comes to auto financing, it’s the big question, and auto lenders will consider a range of factors to provide you with an answer. Two, however, are typically most important – credit score and income. Credit score, firstly, is based in part upon your credit history, and those past experiences help a lender decide how likely you are to pay back a vehicle loan. Consumers with good credit habits are better placed to get a loan than those with bad credit, which is generally considered to be a score of 600 and below.* A… Read More
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Category: Financing

Your most satisfying car purchase could be one of these winners

Nissan Maxima luxury mid-size car
A quiet engine. A super-comfortable seat. Interior storage that fits your every need. These are just a few of the things that can form the overall car ownership experience and determine how happy a buyer is with their purchase. They’ve also been recorded to let shoppers know which vehicles provide most satisfaction. AutoPacific, an automotive marketing and product-consulting firm, asked 50,000 new car, truck and SUV owners for their feedback on 32 separate attributes, and let the results speak for themselves.   Satisfaction guaranteed? The Nissan Maxima claims the luxury mid-size car satisfaction award for the… Read More
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Category: Car and Driver Tips, RoadLoans News

Car loans for students make sense when done right

Students walking to college
  Going to college is one of the most memorable times in life, offering a new sense of freedom, new friends and studies that lay the foundations for a future career. Having your own car can help you enjoy that experience to the fullest, but what is the best way to pay for it? Even with the likelihood of little or no credit history behind you, car loans for students make sense when done right.   What you’re looking for The aim is to qualify for an affordable loan amount and monthly payment while keeping interest costs down. You don’t… Read More
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Category: Bad Credit