Auto Finance and Car Loans

Understanding an upside-down car loan and your options
What is an upside-down car loan? An upside-down car loan can really catch you off balance, and it’s a growing problem in the United States, according to Debt.org, America’s debt help organization. You may have heard the phrase before and are wondering what exactly an upside-down car loan is. It’s a situation in which the money you owe the auto lender is more than the vehicle is actually worth. For example, you still owe the lender $12,000 on your car, but its value is just $9,000, so you are upside down on that loan by $3,000. An upside-down car loan… Read More

Know your options when shopping for car financing
  Finding a car loan can seem like a daunting task to many potential car buyers. With a wide variety of options to choose from and factors to take into consideration, car loan shopping can be overwhelming. However, finding financing options doesn’t have to be so scary. The Federal Trade Commission (FTC) advises consumers to shop around for their financing, and here is some information that may help you find the best car loan for you. Hopefully, the following tips can help narrow down your car loan options and give you a positive shopping experience. Auto loan options Dealerships Getting… Read More

What is RoadLoans?
RoadLoans is an online, direct-to-consumer auto lender specializing in car loans and auto refinancing, serving customers in the Untied States. It is the direct lending division of Santander Consumer USA, a Dallas-based financial institution. RoadLoans accepts auto loan applications for both new and used vehicles from people with all credit profiles, including buyers with bad credit, no credit, or that have gone through bankruptcy. Operating online, RoadLoans provides an auto finance process with instant loan decisions, and qualified applicants can get pre-approved for their auto loan before visiting a car dealership. RoadLoans’ auto loan process can be outlined like this:… Read More

Tax refunds and car buying: Six steps from check to open road [Infographic]
For many Americans, it’s the time of year when Sam becomes their favorite uncle. Right now, Uncle Sam, the big man with the hat, is in the process of dishing out tax refunds to millions of people across the land. If you’re one of them, and awaiting a fat check with the government’s best regards, you might be thinking about using the money to buy your next vehicle, perhaps by way of a down payment. By a huge stroke of good fortune, we’ve put together an infographic outlining how you can do just that. Our six simple steps will expertly… Read More

What to do with your tax refund: Buying a car
Some 76 percent of tax returns resulted in a refund averaging $2,989 in 2015, according to the IRS. For those in line for some cash, tax season provides a welcome start to the year and instantly raises the question of what to do with the windfall. If you’re in the market to buy a new car, using that tax refund for a down payment may help you get the shiny vehicle you want. What you can afford For a start, a down payment may affect how much car you can afford. Use an affordability calculator to see how money down… Read More

Can I get a car loan with bad credit?
  Plenty of people have been there, plenty more are there now. Millions of Americans have bad credit and it can develop in many ways. Late and missed payments, defaulting on a loan, bankruptcy. These are just some of the factors that may dent credit. Even if you have tried to be diligent with your finances, sometimes circumstances may conspire against you. The financial crisis of 2008, for instance, was a heavy blow for many people. Whatever the individual history behind it, “Can I get a car loan with bad credit?” is a common question. The good news is that… Read More

How an auto loan cosigner might help you get moving
  If you have been denied financing for a vehicle because you have no credit or bad credit, then an auto loan cosigner may be what is 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 is getting to college classes to further your education, getting… 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… Read More

Some of the best auto loans for bad credit: how to know
When the process of buying a car and a poor credit situation come together you naturally end up wanting to find some of the best auto loans for bad credit. The characteristics of the best bad credit auto loans for you are likely to depend on your own particular circumstances and financial position, but here are some basic points that could help the search. When looking at interest rates, be realistic with your expectations. You can still try to find a competitive interest rate for your credit situation though. A bad credit auto loan that works well for you will… Read More

Labor Day Car Sales: how to save time at the dealership
Besides being wonderfully placed to round off the summer with barbecues and swimming, Labor Day spells one of the best times of year for car shopping. The long weekend at the start of September is a big event for many car dealerships as new models become available and older vehicles are often discounted to free up space on the lots. In fact, Fortune has called it “Black Friday for car shopping.” If you’re planning on heading to a car dealer this weekend, perhaps to buy a 2016 model you’ve been anticipating or pick up an outgoing 2015 model, it may… Read More

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