Car Financing

Why should i get pre approved for a car loan?

A preapproved car loan is a loan that borrowers can get before purchasing a car. Getting preapproval for a loan shows the dealership that you’re ready to buy and can sometimes give you the upper hand in negotiating price and…

Why should i lease a car?

The major drawback of leasing is that you don’t acquire any equity in the vehicle. It’s a bit like renting an apartment. You make monthly payments but have no ownership claim to the property once the lease expires. In this…

Why should i finance a car?

If you don’t make a down payment and finance the entire cost of the car, you could find yourself owing more than your car is worth within a year or two. Financing a car could be a way to take…

Why should i get a car loan?

An auto loan is a loan that allows you to buy a desired four wheeler, and pay the vehicle off in equated monthly installments for a set tenure instead of having to pay the full price upfront. The terms of…

Why refinancing a car is a bad idea?

If your current loan’s interest rate is higher than rates you might qualify for, consider a refinance. Lowering your payment by a percentage point or two can make a difference and save you money in the long run. You can…

Why refinancing a car?

1. Wait at least 60-90 days from getting your original loan to refinance. 2. Consider refinancing after six months. 3. If you are a first-time car loan borrower, wait at least a year to refinance your loan. What’s the benefits…

Why should i car lease?

Leasing Pros: You have lower monthly payments with a low — or no — down payment. You can drive a better car for less money. You have lower repair costs because you are under the vehicle’s included factory warranty. You…

Why refinance auto loan?

If your current loan’s interest rate is higher than rates you might qualify for, consider a refinance. Lowering your payment by a percentage point or two can make a difference and save you money in the long run. You can…

Why put money down on a car lease?

Putting money down on a car lease isn’t typically required unless you have bad credit. If you aren’t required to make a down payment on a lease, you generally shouldn’t. … This is because all of the interest charges are…

Why refinance an auto loan?

1. Wait at least 60-90 days from getting your original loan to refinance. 2. Consider refinancing after six months. 3. If you are a first-time car loan borrower, wait at least a year to refinance your loan. What does it…