How do auto loans work?
You’ve saved up enough money for a down payment, all you need now is an auto loan. But how do auto loans work? Before you…
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If I crash my car, will my auto loan be covered?
If a driver crashes their car, their auto loan will be covered, but only if they have GAP insurance. Basic car insurance protects the owner’s…
→ Read MoreCan I pay off my car loan early?
Yes, borrowers can pay off their car loans early, but it might hurt them. While paying off a car loan gets borrowers out of debt,…
→ Read MoreWhat happens to our joint auto loan when we divorce?
Financially, the most contentious part of a divorce is usually the divvying up of assets between spouses. When it comes to auto loans, there are…
→ Read MoreCan I get an auto title loan if I am behind on car payments?
Borrowers can get an auto title loan even if they are behind on car payments. However, this is not a very wise financial decision. If…
→ Read MoreWhy was my auto loan denied?
Before approving an auto loan, lenders use a set list of criteria to gauge a borrower’s credit worthiness. The criteria include a borrower’s credit score,…
→ Read MoreCan my parents cosign on an auto loan for me?
Yes, your parents can cosign on an auto loan for you. In fact, there are several benefits when parents do so for their child. Gail…
→ Read MoreWhat is the best auto loan term length?
Experts recommend limiting your car loan term to 48 months or less, but there are some benefits to choosing a longer term length. In the…
→ Read MoreCan I get a car loan if I have a bad driving record?
Yes, you can still get a car loan if you have a bad driving record. However, that poor driving record may still cause you problems…
→ Read MoreShould I repair my car or buy another one?
The decision of whether to continue repairing a used car or to buy a new one comes down to the individual consumer and their unique…
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