auto loans

Simply put, an auto loan (also known as a car loan) is a personal loan intended for the sole purpose of buying a vehicle.

car loans

The Financial Pros and Cons of 72-Month or 84-Month Car Loans

If you’re in the market for a new car, chances are you want to keep your payments as low as possible, preferably under $500 a month. Car dealers know this, which is why 6 year or 72-month car loans are more popular than ever. Even 7 year or 84-month car loans – yes, some auto …

The Financial Pros and Cons of 72-Month or 84-Month Car Loans Read More »

How to Manage Auto Loan Payments When You’re Suddenly Unemployed

Dealing with unemployment can be a stressful time in your life and you will need to spend some time reworking your budget and ensuring that you are meeting your debt obligations. If you have an auto loan, it is even more important to prioritize your baseline expenses and make sure you are setting aside enough …

How to Manage Auto Loan Payments When You’re Suddenly Unemployed Read More »

When Defaulting On a Loan May Not Be Reported to a Credit Bureau

Q: I found out that my car company Chacon Auto is not reporting my credit after three years. If I voluntary give my car back can they report a repo although they do not report my credit now? A: Thanks for writing me with your question about your car situation. It is rare for an …

When Defaulting On a Loan May Not Be Reported to a Credit Bureau Read More »

Car Brands: Gen X and Gen Y Not as Loyal as Parents

Two new studies offer opposing ideas about what makes people loyal to specific car brands. Researchers in the first survey conclude that younger Americans are far less likely to show brand loyalty to one automaker than are older consumers in the U.S. Why is this? In a word: technology. The first study, from the GfK …

Car Brands: Gen X and Gen Y Not as Loyal as Parents Read More »

dealerships credit score

Why Your Credit Score is Different From the Car Dealerships Score

Q: I am car-hunting and a dealer pulled my credit report. He got a 595 score but the last score that I received was 675. Why was his score different and should I can I take my own TransUnion credit report to other dealers to eliminate inquiries. A: To minimize the impact of inquiries on …

Why Your Credit Score is Different From the Car Dealerships Score Read More »

What Should I Do If I Can’t Afford My Car?

If you’re in over your head with an expensive car note, it’s time to think about getting from underneath that burden. Here are some options for dealing with overdue car payments or other issues when you’re struggling to pay for your vehicle: Get a Payment Extension If your financial difficulties are temporary, or if you …

What Should I Do If I Can’t Afford My Car? Read More »

Scroll to Top

Stay Informed with Our Exclusive Newsletter!

Subscribe to our newsletter and never miss out on the latest updates, exclusive offers, and insightful articles.

We respect your privacy!