Electric vehicle charging at a charging station

Article Summary: Tax rebates, lower maintenance costs, and the ability to make a smaller carbon footprint have attracted lots of new buyers. That said, owning an electric vehicle also comes with hidden costs, including battery replacement costs, higher registration fees, and additional costs to unlock add-ons. Before making a purchasing decision, buyers should be aware […]

Man shaking hands with car dealer

Article Summary: Though it’s often possible to buy or sell a car without having the car’s title in hand, you’ll usually have to provide proof of ownership. The exact documents required vary by state, so you should check with your state’s Department of Motor Vehicles. You may be able to request a new title, transfer […]

row of new cars, or of used cars in new condition

Article Summary: You can have two car loans at the same time. However, it is usually more difficult to get approved for a second loan than it is for the first. Lenders will be pickier when looking over your qualifications to approve you for a second loan. But approval is possible, and a second car […]

Hand holding a smartphone with the Uber logo in front of a steering wheel

Article Summary: Prospective or currently active Uber and Lyft drivers sometimes need help financing their businesses. A driver can apply for traditional loans, such as car loans and personal loans, to finance a rideshare business. Additionally, rideshare drivers can finance a rideshare business by applying for business loans through entities such as the SBA or […]

Toy car on legal documents with two hands passing car keys behind

How Do Car Loans Work?

Article Summary: If you’re like most Americans, you’ll require a car loan to purchase a vehicle. Once you apply and receive loan approval, you’ll need to make a down payment on your car followed by monthly payments. The amount of your monthly payment will differ depending on your interest rate, which is calculated based on […]

second chance car loan

Article Summary: Second-chance car loans are loans available to individuals who have poor credit and may not be able to get a traditional auto loan. Sometimes known as “subprime” car loans, these loans typically have much higher interest rates and less favorable terms than traditional car loans. If you are considering a second-chance auto loan, […]

Article Summary: It’s not easy, but it is possible to lease a car with poor or no credit. For instance, you could get a cosigner or even take over an existing lease. However, there are other options that are also worth considering if your credit is not where it needs to be to qualify for […]

Pile of money with red toy car and calculator on top

Article Summary: You can take over someone else’s car payments by communicating with the original lender and having the proper paperwork in order. This means the seller has the car’s title, bill of sale, and the original contract, while the buyer has the necessary insurance coverage and financial backing. Life sometimes throws us curveballs, and […]

Toy car on legal documents with two hands passing car keys behind

Article Summary: Discover doesn’t offer auto loans, but there are plenty of alternatives to consider, including other auto lenders, a Discover personal loan, or borrowing against your home equity. When you’re shopping around for a new car loan, you’ll have plenty of attractive options to choose from. And while Discover has become a favorite online […]

Mechanic working on replacing an alternator

Article Summary: An alternator repair costs vary between $350 to $1,000 depending on a few factors. These include the make and model of your car, the amperage of the alternator, and where you get your alternator replaced. Many people think that the battery of their car is the most important when it comes to electrical […]

Pile of money with red toy car and calculator on top

Article Summary: You have several choices if you want to remove a cosigner from an auto loan. You can apply for a cosigner release, refinance the auto loan, or pay off the car loan entirely. Alternatively, you could sell the vehicle and use the money from the sale to pay off the loan balance. Sometimes, […]

woman in yellow shirt fills her gas tank, smiling because she gets such good gas mileage

Article Summary: The best ways to get better gas mileage include keeping your car well maintained, buying an electric vehicle, keeping your air filters clean, and avoiding driving habits that guzzle gas. When in doubt, take your car to the repair shop for a checkup. If you are like most people, you want to find […]

Young man looking over dealership paperwork with a young woman in a car dealership

Article Summary: Tesla leasing can be a good option if you can’t afford to buy a Tesla outright or if you want to test drive it before purchasing. You can lease a Tesla by ordering it directly from the manufacturer or by visiting a physical Tesla dealership. Teslas are available to lease in 42 states, […]

Red Tesla charging at a charging station

Article Summary: Gas savings, low maintenance and electricity costs, advanced technology, and government tax credits are some of the benefits that make Teslas worth it to their owners. However, the high price tag and insurance costs, coupledl with reliability issues, has kept Tesla struggling in rankings by magazines like Consumer Reports. Tesla is inarguably one […]

Man accepting keys to a car after signing a lease

Article Summary: In the United States, one in four cars is rented instead of bought. Knowing the right time to lease a car can still save you a huge chunk of change. For example, during certain times of the year — such as the end of a sales period or the holiday season — the […]

Man signing auto loan

Article Summary: Many people opt for using an auto loan when buying a car. The auto loan is determined by the credit score and credit information on the credit reports linked to the buyer of the vehicle. The auto lender will use a combination of various types of credit scores and different ways to gauge […]

Young man looking over dealership paperwork with a young woman in a car dealership

Article Summary: There are a few obstacles to owning a car if you are under the age of 18. Most states require you to be a legal adult to register a car in your name, and insurance companies will not sell policies to minors. This is also true if you are paying for the vehicle […]

Several people at a desk pointing at papers, calculators, and laptop screens

Article Summary: In-house financing is a lending option provided by the company that sells you the product or service. This can be a potential option for those shoppers who don’t have a high enough credit score and won’t qualify for traditional loans offered by third-party financial institutions. However, you can usually get better rates and […]