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When you need a new vehicle and are ready to give up the one you have, you're in a trade-in situation. A trade-in happens when you take your car to the dealership and sell it as part of the deal towards the down payment on your next vehicle. Many borrowers choose to trade in their current vehicle rather...

A vehicle repossession can be a big setback in life, but you may be able to recover from it over a period of time. Many lenders are willing to approve individuals with damaged credit, and your chances could be improved by following specific steps...

Most people know that in the United States, drivers commonly get their license to operate a motor vehicle at the age of 16. But just because you can drive a car doesn't mean you can legally own one on your own. What you may not know is that persons under the age of 18 aren't able to be bound to a contract,...

Car insurance is required in almost every state when operating a motor vehicle, but the type of coverage can differ. When you're financing a vehicle, there are different requirements than if you own a vehicle outright, and there are penalties for not following the letter of the law. Here's what we know...

Car equity is the value of your vehicle, less what you owe on your car loan. If you're vehicle is paid off, its entire value is equity. If you still owe money on your loan, the equity is any amount of value beyond your loan balance. If you owe more for your loan than the vehicle is worth, you are in...

Your credit score may be the number everyone is talking about when you're trying to get financing for something like a car, but your credit score wouldn't exist without your credit report. Your credit report is a record of your financial life. It also details things like where you've lived and if you...

No credit check car dealerships are car dealers who finance vehicles themselves, without going through a third-party lender. These dealerships are known by many names, including buy-here-pay-here dealers, tote-the-note car lots, or in-house financing dealerships. At these car lots, you typically only...

A buy here pay here dealer is an auto lender who doesn't wait for third-party financing to approve you for a vehicle. These dealerships can be a great resource for car buyers who are dealing with less-than-perfect credit. If you've been turned down by traditional dealers this could be a good option for...

Repossession is the process of getting your vehicle taken away by your lender. Typically, this is because of loan default due to non-payment or other breach of contract. When your car gets repo'd, it is towed away by a recovery company, and this can happen at any time, from anywhere. A repo man can't...

In this article, we will go over the common reasons for refinancing your car and the steps to take to get it done. Remember, refinancing only replaces the contract on your current car, so if you're not in love with your vehicle, you may want to consider trading it in instead. If you can't live without...