If you’re looking to improve your credit score, buying a car might not be the first strategy that comes to mind. Many people assume that purchasing a new vehicle will hurt their credit. However, in many parts of the United States, having a car is…
Navigating the world of auto financing can be overwhelming, and one common question many consumers have is whether “GAP” insurance is worth purchasing. Guaranteed Asset Protection (GAP) insurance is designed to cover the difference between what you owe on your car loan and the vehicle’s…
When shopping for a new car, your credit score plays a crucial role in determining your financing options. If your credit isn’t in the best shape, the car-buying process can feel a little more overwhelming. However, having a lower credit score doesn’t mean you’re out…
Owning a car provides a sense of freedom and independence, but it also comes with significant financial responsibility. Monthly car payments can take a toll on your budget, and if you fall behind on payments, the consequences can be severe. Missing auto loan payments or…
Refinancing your car loan means replacing your existing auto loan with a new one, often through a different lender, with updated terms. The goal of refinancing is typically to secure a lower interest rate, reduce your monthly payments, or adjust the loan term to better…
Owning a car gives you freedom and convenience, but the cost of keeping it can sometimes become overwhelming. Maybe your financial situation changed, or unexpected expenses threw your budget off balance. Either way, it’s not uncommon to feel like your car payment is more than…
Buying a car is a big financial commitment; and sometimes, things don’t go as planned. One common issue many people face is being upside-down on a car loan, meaning you owe more than your car is currently worth. This situation, known as negative equity, can…
Obtaining an auto loan while under Chapter 13 bankruptcy can be challenging but not impossible. Chapter 13 bankruptcy involves reorganizing your debts and creating a repayment plan to settle them over three to five years. This can affect your ability to secure new credit, including…
Subprime auto loans are a critical aspect of the automotive finance market, catering to individuals with less-than-perfect credit scores. While offering a pathway to vehicle ownership, these loans come with challenges and considerations. Here, we’re talking about these unique loans, their benefits and challenges, and…
If you’ve had your car repossessed, you’re probably looking to get it back as soon as possible. But could you get your vehicle back on the very same day? The short answer: it’s not common to get your car back the same day it was…