Tow truck towing a car behind it

Article Summary: Though you can’t hide your vehicle to avoid repossession, you do have several options to avoid repossession. This includes refinancing your loan, declaring bankruptcy, or selling the vehicle with your lender’s permission. You also have the right of redemption after repossession, meaning you can reclaim your vehicle if you pay off the entire […]

Man signing form with a model car in foreground

Article Summary: As car prices increase, longer terms, such as 72-month car loans (six years) are becoming more popular. Auto loans with a 6-year term have lower monthly payments, but this also means you have to pay more interest over the life of the loan. In some cases, it can also trap borrowers in a […]

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 […]

Financial goals

What are your goals in life? Do you want to travel, go to college, start a family, retire at 40, build a business, or all of the above? Regardless of what your dreams are, reaching them usually requires careful planning and money. These five steps will help you set and achieve your financial goals. 1. […]

how does car refinancing work

How Does Refinancing a Car Work?

Refinancing a car loan is the process of replacing your original auto loan with a new one. That much is obvious, but how does refinancing a car work Depending on your situation and credit profile, refinancing could save you money through a lower interest rate, a longer repayment period, or both. It can also give […]

Is Refinancing Your Car a Good or Bad Idea

Is refinancing your car a good or bad idea? Remember. Refinancing an auto loan doesn’t always save money. Here´s how to determine whether a refinance is a good deal. The average car loan in America is now anywhere between $400 – $500 according to an Experian report. $400 – $500 Average car loan payment in […]