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 […]
Average loan origination fees by loan type Mortgages 0.5% – 1%. Auto loans 0% – 2%. Student loans 0% – 4%. Personal loans 1% – 6%. Small business loans 1% – 6%. Interest rates are often the first thing people look at when applying for a loan. And while it’s important to know how much you’ll pay in interest, there’s […]
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: […]
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 […]
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 […]
So, you’re thinking about buying a used car? It’s a wise idea considering new cars depreciate by 10% the minute you drive off the lot and an additional 10% during the first year of ownership. When you buy a used vehicle, you let someone else absorb that initial loss. But what’s the catch? Well, you […]
You’ve decided it’s time for a new car and you’re excited about the options. But with the average price of a new car being over $35,000, you need to find the best way to pay for it. But, first, you have to decide whether you want to lease or buy your new car. What are the main […]
In most cities across the US, owning a car is a necessity. We need them to get to work, run errands, and have a social life. But when it comes to buying one, how much should you spend on a car? Let’s take a look. How much should you spend on a car? The answer will vary […]
Finding a good deal on an auto loan can save you hundreds of dollars over the life of your loan. In fact, shopping for an auto loan is often just as important as choosing the right car. However, a lot of people don’t know where to even start researching the lowest auto loan rates. Don’t immediately accept […]
If you’re looking for international student car loans in the U.S., your options are limited. Traditional auto lenders typically require a credit history and a Social Security number, both of which are hard to come by when you’re not a citizen. Fortunately, there are some solutions that can help you get the access to transportation you need. With an […]
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