Auto Finance and Car Loans

How to lower APR on a car loan
  6 tips for getting a low rate and boosting your chances to save Lowering the annual percentage rate (APR) on a car loan is one of the best ways to save on vehicle financing and the total cost of buying a car. And it’s not complicated – there are simple ways to approach it. Here are six tips for how to lower the APR on a car loan. 1. The credit question Whether you want to save cash on financing for your existing car or are looking for a low interest rate and APR to buy your next vehicle,… Read More

How to buy a car in 10 steps – and make it a great experience
  Buying a car can be a daunting task. People often devote large amounts of time, money and thought into purchasing their next vehicle. However, we think that buying a new car should be an exciting time for people! It often marks an important moment in one’s lifetime – whether it be a sweet 16, a new job, or finally saving up enough money for your own car. Some of you may have asked yourselves, “What do you do when you buy a car?” With research, and a bit of help from us, you can understand how to buy a… Read More

How to buy a truck with bad credit
  It’s easy to see why a pickup truck, the Ford F-150, has been the best-selling vehicle in the United States for years on end. There are lots of people who need a truck for work, that’s for sure. But it’s also very handy to have one for personal use. The convenience of dropping the tailgate, loading up and driving off is unmatched by an SUV or car. No lifting up to the roof rack or folding down seats, and no vacuuming the interior afterwards. Trucks are often more expensive than cars, but not all pickup owners are driving around… Read More

Not everybody has perfect credit. If you’re one of them, and you’ve been declined for an auto loan, you may feel like you need a second chance. Consider applying with a lender that accepts applications from consumers with all credit types, such as RoadLoans. When you drive a new car off the lot, it’s perfect. The body is flawless, the paint is pristine, and the interior still has that great “new car” smell. But after you’ve driven the car for a couple of months — or a couple of years — you’ll notice that the shine has begun to wear… Read More

Getting a car loan with bad credit really could be easier than you think
You might think getting a car loan with bad credit is a fool’s errand.* Poor credit can cause some bumps in the road but it may still be possible for people in this situation to get auto financing that won’t break the bank.† Credit history is one of several factors that may affect a lender’s decision on a loan application. Looking at where your credit stands could help you better understand your position when applying. The Federal Trade Commission (FTC) recommends consumers get a copy of their credit report before any major purchase, which can be obtained for free from each of the… Read More

6 Ways to avoid a bad car loan
Buying a car can be fun and exciting. However, getting a car loan can be anything but. After all, the auto loan process can be confusing and intimidating, causing buyers to make mistakes that result in a bad car loan. If you’ve got bad credit,* dealers or insurance agents may take advantage, and you could be stuck with a car loan that will end up costing you tons in the long term. So if you’re in the market for a new or used car, don’t get swindled into having to pay more than you really need to. Here’s a look… Read More

How car repossession works
  Whether used for work or play, the automobile is a staple of American society. With many drivers getting on the road thanks to financing, so too is the monthly car payment. It’s not always a smooth ride though, and something like car repossession can be a big obstacle to negotiate.* What is car repossession? When you signed for that loan or lease, you signed a contract that gave the creditor or lessor rights until the vehicle is paid off, or until the lease ends. If you don’t fulfill your obligations, like meeting your payments, the creditor may have the… Read More

Car loans for students make sense when done right
  You might think that another financial obligation is the last thing a student would want to take on. But sometimes, it’s necessary. For example, most college students need reliable transportation to get to school, an internship or a job, and that might require taking out a car loan to ensure transportation is available. Even with no credit history, tuition costs and educational expenses to contend with, car loans for college students may be easier to get than you think. Everyone needs to start somewhere, and for many young drivers and first-time car buyers, it’s with the help of financing.… Read More

How long can you finance a new or used car?
    Wander through the world of car loans – as most of us do every several years – and you’ll almost certainly find two things: Experts agree that the shorter a car loan the better due largely to savings on interest costs. Car buyers are getting longer and longer loan terms – with some taking out financing as long as 96 months, or eight years. With the actions of car buyers seemingly at odds with expert opinion, where does that leave you? Let’s look at these points in a bit more detail.   Pros and cons of shorter and… Read More

Buying a car out of state
Cars can be like shoes; shopping for them may involve trying them on and seeing how they fit. Other times, your previous test drives have informed your decision, and all you really need to choose now is the color. And sometimes, the vehicle that’s just right for you means buying a car out of state. Hmmm. You might have questions at this point. That’s normal. There are certainly things involved in buying a car from another state that you need to be aware of, but we’ll do what we can to give you some direction and soften the blow.  … Read More

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