Dealerships often advertise things like “no money down" or "low monthly payments” to get you in the door. Remember that the duration of your loan directly affects the total purchase price. A longer loan, therefore, may mean a higher purchase price regardless of what incentives … [Read more...] about Avoid overspending on a car loan by reading the fine print
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