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Auto Loans

Buying a car is often the first big purchase many people make. If, like many people, you can’t pay cash for such a purchase, you may be planning to get a car loan and wondering what you’ll qualify for.

Latest Articles

Best Options for Dealing with an Upside Down Car Loan

The economics of buying a car is driving many households into a financial pothole....

6 Tips for First-Time Car Buyers

Buying a car is the first major purchase for many people, particularly young adults....

Do you get penalized for paying off a car loan or mortgage early?

Your credit scores will not be penalized for paying off a car loan or...

What Is a Salvage Title Car and Should I Buy One?

A salvage title car is an official indication that a vehicle has been damaged...

How Much of a Down Payment Should You Make on a Car?

Nearly 90% of new car buyers and more than 50% of used car buyers...

How to Get a Car Loan if You Have Bad Credit

Trying to get a car loan with bad credit can feel like having a...

How Do I Refinance a Car Loan?

You can refinance a car loan by qualifying for a new loan, showing a...

Buying a Car as a Gift? Here’s What You Need to Know

Buying someone a car seems like the ultimate gift, especially if you’re watching car...

4 Things to Consider Before Signing That Car Loan

If you’re like 4 out of 10 new car loan holders, you may own...

When Is the Best Time to Buy a Car?

When it comes to getting a great deal on a car purchase, experts agree:...

Can I Get Out of a Car Loan without Ruining My Credit?

If I voluntarily surrender my vehicle and I pay off the settlement...

Does paying off a car loan impact your credit scores?

Paying off your car loan can affect your credit scores. Assuming you paid your...

What Factors Will Lenders Consider Most Important on Your Credit Report?

  • How much you already owe.
  • How much unused credit you have available.
  • How prompt you are in paying your debts.
  • Whether you have recently applied for new credit.

What if You Have no Previous Credit?

Lenders may ask you to show that you pay your rent, telephone bills or utility payments on time.