For most of us, financing a car is something we will do at some point. No matter if you are purchasing your first car or fifth, the process can be scary. In the ever-changing realm of auto financing, there are some strategies which remain constant. Here, we map some tips to help you navigate the process.
More and more consumers are trading in their cars when they still owe money on them. And the amount of money they owe continues to increase. This is a dangerous trend that has consequences which can snowball, especially if you are dealing with less than perfect credit.
Experian’s latest report shows that subprime auto loans have reached a 10-year record low for the first three months of a year.
The latest findings from Experian continue to show that auto loan terms are getting longer, which is a concerning trend.
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.
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?
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.