Auto Finance and Car Loans

How an auto loan cosigner might 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 may be what’s needed to get on the road and on with your life. A cosigner may help by guaranteeing to repay the loan should you fail to do so. “Having a cosigner on your loan gives your lender additional assurance that the loan will be repaid,” says the Consumer Financial Protection Bureau (CFPB). 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… Read More

New car loans vs. used car loans: A helpful comparison for car buyers
  Weighing your options on a new or used car? It’s wise to consider new vs. used car financing as part of the process as it may have a big impact on how much you pay for the vehicle when all’s said and done. Advantages of buying a new car and new car loans The appeal of buying a new car never gets old: a chance to own a vehicle in pristine condition, complete with the latest technology and safety features; your choice of models and add-ons; a manufacturer warranty, and no history of maintenance issues, for example. There are… Read More

How to use your tax refund for a car purchase
If you’re in the market for a new vehicle then you should know something about tax season: tax refunds and car loans are a good match.* One of the main reasons is the chance for qualified buyers to use their tax refund for a down payment on a car. The average income tax refund in recent years has been around $3,000, and buyers may decide to use all or part of that check as money down. A down payment may help when purchasing a vehicle because lowering the amount of money that needs to be borrowed may also lower the… Read More

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

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