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What’s the difference between an Interest Rate and The APR?

When you shop for a loan, you will typically see two rates, the interest rate and the annual percentage rate (APR). If you don’t clearly understand the difference between the two, you won’t understand the difference between what you are paying in interest and the true cost of the...

What is the Best Day to Buy a Car?

After doing all the research and price comparisons, it may surprise you to know that getting the best deal on a car invariably comes down to timing. With car dealers under pressure to meet quotas and sell off inventory to make room for new models, bargain hunters can gain the...

How Much Do Dealers Get Paid for Financing My New Car?

How Much do Dealers Get Paid for Financing My New Car? If you have ever financed a car from a car dealer you are probably familiar with the theme. You’re escorted into the finance manager’s office and offered a bottle of water. After feeding all of your credit information into...

As A Woman, How To Get The Best Deal on A Car! (Statistics show men save more on a car then women)

When it comes to women as car buyers, the conventional wisdom has always been that they are easily intimidated and weaker at negotiating. That may be the reason why car dealers tend to quote higher prices to women than men. A Yale study found that, on average, women were quoted...

The Gap Between New and Used Car Loans Hits a Record High

Are you willing to borrow another $11,000? That’s the difference in the average loan for a new vehicle compared to the average loan for a used model, according to Experian, which tracks how consumers are paying for the cars and trucks they’re buying. In the fourth...
Posted On 01 Jul 2017

How to Get Your Very Best Deal on an Auto Loan

How to Get Your Very Best Deal on an Auto Loan After seven years of steady growth in sales and profits, the auto industry is now riding five straight months of declining sales. Declining car sales means rising inventories for dealers. What is turning out to be bad news for the...

Auto Loans Remain Easy To Get (Mostly) For 2017, Analysts Say

NEW ORLEANS — The U.S. auto industry has some worries for 2017, higher new-car prices, falling used-car prices, and what to make of the Trump Administration. But for most auto lenders and most buyers, the availability of credit is not one of them. “Credit is a really big...
Posted On 21 Apr 2017

The Complete Guide To Buying A New Car: How To Finance A New Vehicle

Unless you’ve been hoarding cash for the last ten years or you just won the lottery, you’re probably going to have to finance your new car through a loan. This isn’t a bad thing, though. Currently, interest rates are so low – roughly between 2-4% for buyers with...
Posted On 21 Apr 2017

Cheaper Auto Loans Predicted for 2017

The latest figures show that car manufacturers reached another record-breaking sales level for a seventh consecutive year in 2016, climbing at a seasonally adjusted rate of 18.4 million. Experts suggest that the numbers are set to drop in 2017, however, resulting in many dealers...
Posted On 09 Jan 2017

What Are Current Auto Loan Rates?

It has been all over the news, interest rates are going up. But what does that mean for car shoppers? Do you need to look at less expensive cars, or run out and buy one today to avoid the rise? Truth is, there’s no need to panic. Though it appears that rates are on an upward...