Auto Loan Industry Study Background

Auto Loan Industry Study

This comprehensive auto loan industry study investigates the latest data sources to reveal important auto financing trends and statistics. The U.S. auto loan industry continues to expand on the back of a 9-year growth in new auto loans. On the surface, the numbers look promising for auto lenders. In 2018, Total outstanding auto loan debt […]

auto refinance with bad credit and high mileage

What can you do if you need a vehicle but can’t afford to buy one outright and you don’t have any credit? Is it possible to get an auto loan with zero credit history? And even if you can qualify, are the rates affordable? If you’re in the market for an auto loan and you […]

calculate your car down payment

A car is an essential part of most Americans’ lives. Without one, many can’t get groceries or commute to work. 65% of car buyers choose to get an auto loan. Cars may be important but they are also expensive. Most people can’t afford or don’t want to pay cash for one. That means most prospective […]

lose in a trade in

23% of car dealership sales originate from trade-ins Are you getting ready to buy a new car? There are a lot of questions you’ll have to ask yourself. What type of car do you want? What is your budget? Are there any special features you’re looking for? Dreaming about your new vehicle is fun, but […]

guaranteed auto loan dealerships

For some, owning a car is a convenience; for others, it’s a necessity. But with cars costing tens of thousands of dollars, few of us can afford to pay for one upfront. Almost 65% of Americans turn to some form of financing when they buy a car. The two most popular financing providers are the […]

Find-Best-Auto-Loan-Rates

As of January 2019, the average APR for a 48-month auto loan was 5.30%. Average auto loan rates January 2019 48-month new car loans 5.30% APR 60-month new car loans 5.37% APR 36-month used car loans 5.54% APR The average APR for 60-month auto loans was a little higher at 5.37% APR. However, dealerships can […]

axos bank review

Founded in 2000 as a digital bank, Axos Bank has since grown into a full-fledged, tech-based financial services company. It serves individuals, businesses, and institutions. A key benefit of this bank is that it incurs lower overhead costs compared to traditional banks. This results in more favorable rates, terms, and fees for their customers. Axos Bank’s products include: […]

auto repair costs expenses

There are numerous factors to consider when buying a car, starting with whether to buy new or used. Buying used may not be as glamorous but it’s a smart move from a financial standpoint. A new car begins to depreciate the second it’s driven off the lot. The average sedan loses nearly $7,500 of its […]

Can you lease a used car?

Can You Lease a Used Car?

The car buying process often includes a debate over whether you should buy or lease. When it comes to leasing, you have more options than you may realize. Though it’s rarely advertised or spoken about, it’s possible to lease a used car. Most used cars that are available for lease are certified pre-owned vehicles that are less than […]