If your car payments are no longer affordable, consider trading down to a cheaper vehicle. You'll take a loss on the value of your current car, but it might work out to your advantage if you can reduce your monthly payments, your insurance premiums, and the overall cost of your … [Read more...] about Trade down your vehicle if your car loan is too high
Buying a Car
Buy only what you need and be realistic about what you can comfortably afford
Luxury cars are nice, but that luxury comes at a steep price. Consider, for instance, if a fancy Lexus is worth the cost - or if the very similar Toyota (made by the same company and offered with many of the same options) will suffice. Similarly, consider if a gas-guzzling SUV is … [Read more...] about Buy only what you need and be realistic about what you can comfortably afford
Simple Loan Calculator
Loan Calculator (Yearly) Loan Calculator (Monthly) Enter the loan amount, interest rate, and term (# years) to calculate the monthly payment Enter the loan amount, interest rate, and term (# months) to calculate the monthly payment Loan … [Read more...] about Simple Loan Calculator
Auto Loan Refinance: When to Hold, When to Fold
While many homeowners don’t hesitate to use their home equity strategically (i.e. through a “cash out” mortgage finance), fewer consumers are aware that you can do the same with your car loan. Refinancing a car loan works in much the same was as a home mortgage refinance—you pay … [Read more...] about Auto Loan Refinance: When to Hold, When to Fold