Category: Auto Loans
Experian Report Shows Subprime Auto Loans Drop to 10-Year Low

Experian’s latest report shows that subprime auto loans have reached a 10-year record low for the first three months of a year.

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Auto Loan Terms Continue to Get Longer

The latest findings from Experian continue to show that auto loan terms are getting longer, which is a concerning trend.

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How Auto Loan Interest Rates Work

Your interest rate on an auto loan plays a big role in determining how much you end up paying. Therefore, understanding how yours is determined and how auto loan interest rates work in general is important.

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TransUnion Report Shows Subprime Loan Originations Have Dropped

The latest report from TransUnion revealed that subprime loan originations have dropped big time compared to a year earlier. So, what does this mean if you are a borrower with bad credit who needs a car?

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Trade-In Appraisals at the Dealership vs. Online Quotes

Black Book, a used vehicle valuation guide, conducted a survey and found that there is a disconnect between dealership trade-in appraisals and what consumers find their car to be worth online.

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Buying a Car with No Driver’s License

Do you need a driver’s license to buy a car? The short answer is that in most cases you don’t, but unless you pay cash you won’t be able to get it on the road.

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Why You May Want to Avoid Using a Cosigner

Sometimes, a lender determines that your income and/or credit situation just isn’t enough to approve your auto loan application. But they may be willing to approve you if you get a cosigner. However, there are risks associated with using a cosigner, and it may be best to avoid the arrangement.

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