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Installment Loan Resource Guide: Auto Loans

August 31st, 2016 · No Comments · Auto Loans

by Kristy Welsh

(Last Updated On: July 10, 2017)

Installment Loan Resource Guide: Auto Loans

The last thing you want to do is walk into a car dealership blindly. No matter your financial situation, you want to get the best deal on auto loans, and that requires some research. Here’s what you need to know about car shopping, financing, and deciding between new and used.

FTC Videos Show the Right Way to Shop for a Car

If you’re car shopping there’s no more excuse for not doing your homework first. That’s thanks to four new 1-minute videos from the FTC – on financing a car, buying a used car, understanding car add-ons, and spotting deceptive car ads. Read more…

Overview of Your Auto Financing Options

Most Americans need a loan in order to buy a car, and most get a loan through the car dealership they are working with. There are other ways to obtain an auto loan and it will benefit you greatly if you do some homework before you head out to buy that new car you always wanted. Read more…

How to Use the Auto Loans Shopping Sheet

Only about half of us shop around for the best deal when we’re buying a car. Maybe that’s because it seems like such a hassle. Or maybe it’s because we don’t really know what’s negotiable and what’s not. Either way, maybe more of us would comparison shop if the process were easier to navigate and understand. That’s what the Auto Loan Shopping Sheet is for. Read more…

Why It’s Important to Avoid Longer Loan Terms

Over the past few years, the trend has been toward longer auto loan terms. The question is, what impact is this having on borrowers? Looking at the numbers from a TransUnion study, here’s where consumers stand. Read more…

Deciding Whether to Buy a Car with Subprime Credit

Lenders are getting more lax about extending auto loans to subprime borrowers these days. But just because you can buy a car with subprime credit doesn’t mean you should. Though overall auto loan delinquencies remain quite low, subprime loans tell a different story. Read more…

Why Buying Used Is Better

If you’re in the market for a car and buying new seems like a foregone conclusion, give it some thought. Depreciation, car insurance, credit checks, and monthly payments just might convince you buying a used car is better. Read more…

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