A year and a half ago, I bought my first brand-new car. Until then, I’d always bought used. But thanks to the recession, people were holding on to their cars longer and prices for used cars in good shape with low mileage had risen. As a result, buying new made more sense. While I find… Read More
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Deb is paying a lot for her car. And like many Americans, she will continue to pay for many years to come. “I am trying to reduce my car loan payments,”she wrote in response to a recent Credit.com story. “Which is 270 per month for the next five years. Is there a good way to… Read More
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As players get ready to snap the football in every college and NFL home town in America, baseball builds up to the crescendo of the World Series and duck hunting season is less than 30 days away in some parts of the country, another kind of contest begins in earnest. Wading their way through billions… Read More
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As the economy has improved, lenders are increasingly giving auto loans to consumers with low credit scores. In a review of second-quarter automobile financing, credit bureau Experian outlined year-over-year changes in the market. Overall, outstanding loan balances increased $69 billion from the second quarter of 2012 to about $751 billion. When looking at the year-over-year risk distribution… Read More
The post More Americans With Bad Credit Are Getting Auto Loans appeared first on Credit.com.
If you have had trouble getting approved for a mortgage, a credit card or a personal loan recently because your credit isn’t up to par, you aren’t alone. We get readers writing to us often about their trouble getting access to credit, but one type of loan is already opening up again to non-prime consumers… Read More
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The last two new cars Iâve bought, I never spoke to a salesman. I bought my current vehicle in 2004 after emailing every dealer within a 50-mile radius of my house. I haggled via email with a half-dozen of them â probably spending about the same amount of time it would have taken to visit a couple of showrooms. My… Read More
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In the mid-â90s, a neighbor in my apartment building taped a âfor saleâ sign in the rear window of his Nissan 240SX. A few days later, he knocked on my door and asked if I had any magazines I wasnât reading. Puzzled, I handed him my girlfriendâs old Cosmopolitan. âThanks,â he said. âIâm selling my car.â… Read More
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[UPDATE: Some offers mentioned below have expired and/or are no longer available on our site. You can view the current offers from our partners in our credit card marketplace. DISCLOSURE: Cards from our partners are mentioned below.] Many consumers find the early fall an ideal time to shop for a new car, as the automakers… Read More
The post Can Your Credit Score Save You Money on a New Car? appeared first on Credit.com.
The Federal Reserve Board recently announced it will help to keep interest rates at artificially low levels for the foreseeable future, but many experts note that they could be slated to rise at some point in 2014. However, it’s important to note that this will probably not alter what borrowers pay for certain types of consumer credit…. Read More
The post Credit Card, Auto Loan Rates Won’t Rise Soon Despite Fed appeared first on Credit.com.
Edmunds.com recently compared the cost of buying a new 2013 Honda Accord EX, leasing the car, or buying a used 2010 Accord EX. After factoring in the true market value of both cars, leasing charges, and current loan terms and rates, they found the total out-of-pocket cost after six years came to: Leasing â $24,768…. Read More
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