Recovery companies are pretty skilled at their craft of locating and towing vehicles away, and they’re used to overcoming the lengths that people take to avoid them. If you do manage to successfully hide your vehicle from the repo man, that doesn’t mean you’ve beaten the lender, and that’s the...

Buying a car after bankruptcy typically means working with a subprime lender due to the drop in credit score that comes as a consequence. Usually, filing for bankruptcy drops your credit score by as much as 100 to 200 points. The higher your score is when you file, the more points you're likely to lose...

Tariffs – a tax on goods and services – have an impact on any good or material that is produced outside of the United States, including cars and car parts. Currently, car tariffs are impacting the price American consumers are paying for a vehicle in many ways. Not only does it impact the cost of...

The idea of leasing a vehicle is an enticing option for many car shoppers. Driving a brand-new car off the lot every few years with flexible, affordable payment options makes it even more so, especially in an already high-priced car, truck, and SUV market. Leasing can make sense as a short-term plan...

Not many people have enough cash on hand to walk into a dealership and purchase a car outright. For this reason, car loans exist to help those who need to finance a vehicle. Auto loans can come from many sources, like banks, credit unions, dealerships, or online lenders. When you take on a loan, someone...

Several factors impact how much car you can afford. It starts with your situation, your budget, and your vehicle needs. However, the transaction price for a new vehicle has been steadily on the rise, making new cars harder to afford. In September 2025, the average transaction price (ATP) for a new vehicle...

Interest rates have seen many changes over the past several years. While interest rates have started to decline in many cases, thanks to an improving economy last fall, those improvements may not last. For the third quarter of 2025, the rates are still down from a year ago, albeit slightly. Here, we'll...

While there is no set minimum credit score you need to purchase a car, your credit score will matter if you need to take out a loan. Lenders tend to appreciate borrowers with higher scores since they typically have a proven track record of managing their credit well, as reflected by their credit score...

The average car loan amount in the U.S. has been on the rise since new vehicles tend to get more expensive as time goes on. More expensive new vehicles typically lead to more expensive used cars, and everything rises. Right now, both new and used car loan amounts are growing. Here's what we know about...

Negative equity is one of the hardest situations to find yourself in when it comes to buying a car, especially a new one. This is also called being upside down, or underwater on your loan. New vehicles tend to lose the most value as soon as you drive them off the lot, and typically, the value continues...