Need a car but can’t pay cash? You have three choices: Borrow from the dealer or manufacturer’s financing company, borrow from a bank, or borrow from a credit union (unless Uncle Bob is willing to finance you, but who wants the “strings” that go along with that?). Each method has advantages and disadvantages – but … Continued
6 Questions Your Auto Dealer Hopes You Can’t Answer Navigating automobile financing can be one of the biggest financial headaches you’ll encounter. But, unless you want to walk everywhere, it’s something you’ll have to deal with. The biggest hurdle is figuring out the angles and understanding the entities that stand to profit from the transaction. … Continued
Ever wonder how auto dealers can afford to advertise loans with APRs as low as 0%? You’re about to uncover the truth about auto loans arranged by dealers and other facts your dealer doesn’t want you to know. The low APRs dealers advertise usually come with bigger down payments. And it usually means you are … Continued
An automobile is a major investment. Just think about it: In the last 10 years, have you bought anything that costs more than a car? A house or your kid’s education, maybe. Yet, unlike a house, a car is not going to appreciate in value; and unlike an education, an SUV is not going to … Continued