Auto loan debt in the U.S. sped past the trillion-dollar mark again this year, according to the Experian State of the Automotive Finance Market report released Thursday. âAutomotive financing certainly has started off the year with a bang, seeing steady growth in balances and loan volumes throughout the first quarter,â Melinda Zabritski, senior director of… Read More
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With interest rates steadily climbing since after the recession of 2007, it’s important to be aware of what is a good interest rate when you’re planning on financing, whether it’s for a car, a home or your education. Take a closer look at what’s happening with interest rates in 2019 below and how you can… Read More
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Once upon a time, you loved your car. You loved it so much that you agreed to the payment terms and drove it home from the dealer or, dare we say, a private seller. But now, that love has grown cold and you wish youâd never laid eyes on it. And to make matters worse,… Read More
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When youâre looking for a new car, it can be difficult to decide whether buying one outright or leasing one for a period of time makes more sense. Itâs true that cars only go down in value the longer you own them, but there are still some solid arguments for owning one outright rather than… Read More
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Letâs get one thing out there: no one is especially psyched to get car insurance. You get it because itâs a financial safeguard against damage to your car or injury to you or others (and maybe because it also happens to be legally required in some form nearly everywhere in the US). Car insurance is… Read More
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Buying a new or used car can be an intimidating experience. Many car salespeople may pressure you to leave the lot with a purchased vehicle, so itâs crucial youâre armed with information about the cars you are interested in, the budget you can afford, and the value of your trade-inâif you have one. With these… Read More
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According to the Consumer Financial Protection Bureau, around 2.3 million car loans originate every year. Car loans can take years to pay off. So when you finally pay it off, you might be wonderingânow what? What happens when you pay off your car? What should you do with the money you were previously putting towards… Read More
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This Article was Updated July 5, 2018 When you are looking to buy a vehicle, the first thing you should do is apply for a preapproved loan. The loan process can seem daunting, but itâs easier than you think and getting preapproval prior to going to the car dealer may help alleviate a lot of… Read More
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Shopping for a car is overwhelming. Not only must we choose between new or used, decide on a make and model, and sort through safety features and trim packages, but then we need to decide how to pay for it. If youâve got the cash to pay for your car in full up front, it… Read More
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The following is a guest post from Dr. David L Tuyo II, president and CEO of University Credit Union. While there is rampant fear and caution against a global economic downturn due to COVID-19, this does not mean that every individual will be hit as hard as the next. Certainly, there has been and will… Read More
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