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If you’re in the market for a used car, you may be wondering whether it's best to buy from a dealer or a private seller. There are advantages and disadvantages to both, so it’s up to you to do some research and decide what's best.
Continue ReadingIf you’re in the market for a used car, you may be wondering whether it's best to buy from a dealer or a private seller. There are advantages and disadvantages to both, so it’s up to you to do some research and decide what's best.
Continue ReadingGenerally, the rule of thumb is to keep your auto loan term as short as possible, but some car buyers may not be able to afford the resulting high monthly payments.
Continue ReadingIf you’ve been looking for a luxury car, Lexus has been producing top-rated models for almost 30 years. Even if a new one is out of your price range, Lexus has some great used vehicles that can give you the luxury you want at a price that's more affordable.
Continue ReadingWhen given the choice of financing a new car, we suggest that buyers with credit issues choose an affordable compact or subcompact – vehicles that are also fuel efficient and inexpensive to insure. Opting for the shortest loan term possible, once they've reestablished their credit these consumers will be in a much better position for their next loan.
Continue ReadingConsumers with checkered credit are far more likely to get stuck financing a vehicle with hidden damage than other buyers. By following all the above steps they can prevent this from happening.
Continue ReadingFor high school graduates moving on to become college students, the end of the summer means it's time to move on to the next phase of their lives.
Continue ReadingThe trend toward longer loans and higher payments is not a good one – especially for borrowers with problem credit – as this increases interest charges as well as the length of time a borrower is upside down in the loan. Borrowers with credit issues, in particular, should keep the loan term and amount financed as low as possible so they can trade out earlier and into another vehicle with a more manageable interest rate.
Continue ReadingMany people walk into a dealership with only a vague idea of how auto loans and financing work. It never hurts to be extra prepared when financing an expense as big as a car, and reading up on the main consumer protection laws concerning auto financing is a smart thing to do.
Continue ReadingThe car-shopping specialists over at Autotrader recently published a list of 10 great certified pre-owned vehicles. Half of the models that made the list can be bought for less than $20,000 on average, making them good targets for buyers with less than perfect credit and/or tight budgets.
Continue ReadingIf car manufacturer's ever stopped offering leather interiors, would this luxurious and expensive material be missed in the automotive world? Or, would consumers be content with fabric and fabric alone? PETA and the world wants to know.
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