6 Things You Should Always Negotiate Pricing On

If you’re like me (and probably everyone else for that matter), I’m always looking for the best deals when it comes to making a buying decision on a product or a service. But I always take it a step further by negotiating the final price: It’s all part of my money saving techniques to help keep more money in my pocket. I know some of you may be a little timid or shy or even embarrassed when it comes to negotiating prices on items, but being able to...

Auto Loan Defaults Reach Lowest Mark in 11 Years

Whether you’re buying a car or borrowing for college, no matter what the loan is for, for the lenders it all comes down to one word: Risk. They examine not only to your credit history, but the history of everybody in your credit score, and how the entire loan sector is behaving, before you get a loan, and they do it constantly. And, just recently, the auto loan sector made itself very, very appealing to lenders. Simply put, auto loans are at their lowest...

How to Find Auto Loans for People with Bad Credit

If you’ve got bad credit, you can’t be faulted for thinking that nobody will give you any loan, even if you need to get on the road for your job. But getting an auto loan is easier than you think, and easier than the conventional wisdom you’ll find online would have you believe. Here’s how to do it. Know Your Budget Start with what you’re bringing home every month. After all, there’s no point in buying more car than you need at a price you can’t afford....

Credit Unions Making a Stronger Push for Your Auto Loan Business

Auto financing is a booming industry, these days, and everybody wants the opportunity to help you buy a new car. Among those lenders is your local credit union … and don’t be surprised if they start aggressively looking for your business. But should you take a loan from a credit union? Credit Unions And Dealerships Credit unions are actually heavily involved in your local dealership already, most likely. Most dealerships, especially independent ones,...

New Data Shows Super Prime Borrowers Fueling Auto Loan Frenzy

If you pay attention to the financial news, you’ve probably heard concern about how, and why, the auto financing market is expanding. Some are worried that we’re seeing, in smaller scale, a repeat of what happened in the mortgage markets in 2008. But analysis has shown that what’s driving the automotive financing market is not the borrowers everyone thought. The Big Time Experian, one of the three key credit bureaus in determining who’s the best possible...

Common Questions: Can I Transfer a Car Loan?

Oftentimes on this blog we get questions about how to get out of a car loan. This kind of question can come from many types of situations. Sometimes people have bitten off more than they can chew with their monthly car payments. Sometimes people lose their job and want to transfer the car loan to a potential buyer. And sometimes people want to return the car to the dealer. Whatever the reason is, if you’re looking to get rid of your car loan, you should...

Is it About to Get Tougher to Get an Auto Loan ?

There’s no denying that, right now, it’s a great time for everyone to secure an auto loan. All sectors of the auto loan market are growing, more and more lenders are getting involved, and simply put, if you need a car, you can get one. The question many are beginning to raise, though, is whether or not this credit availability for consumers is about to hit a wall. Loans And Cars You’ve likely heard before that auto financing is in a “bubble” phase, not...

What Does Upside Down Mean, and How Can You Get Right Side Up?

Many of us, when buying a car, fail to appreciate that we’re buying an asset that will lose value over time. Or perhaps we do our homework, but shifting tastes in the market and the needs of the used car industry drives down what your car is worth without your noticing. Either way, it’s called an “upside-down” loan, and it’s a tough spot to be in. What Is An Upside-Down Auto Loan? When a loan is upside-down, that means you owe more on it than the...

5 Reasons Auto Loans with Bad Credit are More Than Possible

Bad credit? You can still get a new car!If you don’t have great credit, you can have a tough time securing many financial products. One of the products you won’t have a problem getting, though, is an auto loan for bad credit. Here are just five reasons an auto loan with bad credit is not just possible, but even fairly common. You’re Not Alone It can feel like you’re alone in having bad credit, but believe it or not, your neighbor down the street, your...

What Is a Good Credit Score to Buy a Car?

You’ve likely heard the doom-and-gloom talk about how lenders have put loans on a much tighter leash in our post-recession economy. And it’s true; lenders are no longer giving out a loan to any old person with a government-issued ID and a smile.So what does this mean for you if you are in the car-buying market? How will you know if you are likely to receive financing or not?Let’s take a look at what will likely determine whether or not you can source a...