Even if you plan to get a loan, you may not want to get one for the full amount. Generally, the more you can put down on a car, the less you’ll need to borrow, the lower your interest rate, and the lower your monthly payments will be. While saving up a sizeable down payment …
Here’s the short answer. Yes, you can buy a car with a credit card. The better question may be whether or not this is the best way for you to purchase your vehicle — and this post will take you through the pros and cons of this method of car buying, as well as provide …
Everyone overspends from time to time, but when it comes to big purchases, like a home or vehicle, something that seems like an exciting splurge could end up devastating your finances. The question of, “How much is too much?” is quite personal. To say that you should only spend a certain percentage of your income …
What do you do if you need a car and you don’t yet have a track record to make a dealer confident you’ll be able to repay a car loan? Phil Reed, senior consumer advice editor for consumer auto site Edmunds.com, said a surprising number of people who aren’t sure of the answer to that …
The credit report folks, Experian have released data which surprised even me. There are whole camps of people out there, typically Dave Ramsey fans, who say they don’t need credit and don’t plan to ever use credit again. But according to Experian, 84% of people who purchase new vehicles actually do use credit. Credit avoiders …
Ivory, one of our readers, bought a car at a dealership and drove it home. Fifteen days later, she received a letter saying that the loan had been denied. Here’s her story: Me and my mom were approved for an auto loan on 1/27 we signed all the paperwork even got the car payment bank …
We’ve all heard terrible stories of car salesmen charging more than a car is worth. We’ve also heard of excellent bargainers shaving hundreds (or even thousands!) off of a car’s sticker price. Buying a car is a major purchase, so it’s important to calculate a budget you can afford, put in the necessary research and …
In-house financing car dealerships provide car loan options to customers and facilitate the purchase of a vehicle. There are a number of things you should watch out for and understand before signing loan agreements at a dealership. Advantages of In-House Financing The primary advantages of in-house financing with an auto dealership directly apply to people …
Buying a car is a very expensive proposition. Besides buying a home – buying a car or truck is typically the second largest asset people purchase. And those car payments can really add up to a budget buster if you are not careful. There is no need to wind up paying more than you have …
If you’re limited on funds, getting a car loan can be a bigger burden to your budget. You’ll be locked in for years for a payment and many times you have to pay even more on car insurance as per the lender’s requirements. Buying a car with cash can be an economical choice both now …