All Blogs on: Auto Loan

Get back on track and out of your upside down car loan. Many Americans use car loans to purchase a new or used car since very few of us have enough in savings to cover the vehicle cost upfront. Around 31% of American adults say they rely on car loans to pay for a car […]

Why refinancing your auto loan could benefit you. Living expenses are on the rise in general, and that includes the cost of driving. The last few pandemic years have not been a great time for car shopping. That’s especially true if you needed to finance a car. If you financed a car in the past […]

Rising Car Debt is a Problem Car prices have surged since the pandemic. As a result, many consumers are paying car payments that are more than $1,000 a month. In addition to higher car prices, the Federal Reserve has been raising interest rates in an attempt to calm inflation, driving up auto loan balances. These […]

Tips for choosing a personal loan term length. As a consumer, you have many choices when it comes to borrowing money if you have good credit. A personal loan is one of the most flexible options for borrowing. Unlike credit cards, personal loans have fixed interest rates. With auto loans or mortgages, you can only […]

Used car tips to help you save when financing. Buying a used car can be a great way to save money and stick to your budget. A used or preowned car can be much less expensive than buying a similar new model. The average used car price as of January 2023 was about $26,000. On […]

How to Keep Up with Your Car Loan Payments Many Americans rely on car loans to be able to drive. Car loans have been on an upward trend for the past several years. The number of car loans has grown about 29% over the past decade to about 116.43 million loans. With higher interest rates, […]

While 2022 is in the rear-view mirror, one thing that isn’t is high inflation. While the U.S. economy slowed in the 4th quarter, it still grew at a 2.9% rate despite high interest rates and widespread fear of a recession. While that might seem like good news, it also means that inflation has remained higher […]

If you’re looking to finance a car, here are the best ways to get the money you need. Car financing plays a big role in how Americans buy vehicles. It can be the difference between a person getting the car of their dreams versus settling for something less. About 35% of American adults relied on […]

The New Year is a great excuse to get back on financial track. After a holiday season full of splurging on holiday events, travel, and gifts – now is a great time to adjust your budget and put more money towards your savings or emergency fund. There are many ways to lower bills and reach […]

Common expensive car mistakes and how you can avoid them. Many Americans rely on a car to get them where they need to be. The average American drives an average of 12,785 miles each year, according to the Federal highway Administration. Each day, Americans drive about 25 miles and spend about an hour in their […]