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Adjusting Auto Loan Expectations
As with mortgages, recent years saw something of a lending binge for auto loans. As a component of the car buying process, obtaining an auto loan became something most people could take for granted...
Loan Types: Credit Cards, Student & Auto Loans
Introduction to the World of Loans The mortgage industry is not the only industry to offer loans whose terms can sometimes be confusing to consumers. Other types of loans can po...
Auto Loan Math: Time Really is Money
Any time a person is paying interest, time is money. People tend to understand that lower interest rates will save them money, but they focus less on the effect that time will have on how much they...
Auto Loan Defaults Carry Good Lessons for New and Old Borrowers
There's an old saying: "It's an ill wind that blows nobody good." This adage applies to recent news about auto loan defaults. Although it is certainly bad news that auto loan defaults are on ...
Auto Loan Math: In Praise of Older Vehicles
While it is natural to aspire to buying a new car, there is a sound financial argument in favor of getting a used car instead. It isn't simply that used cars are cheaper overall -- though in today'...
Auto Loan Strategy: Hurry Up or Wait?
In the wake of rising mortgage defaults, other types of lenders, such as those making auto loans, are said to be tightening their standards. In particular, auto loans for people with bad credit may...
Factoring Gas Mileage into an Auto Loan
In response to higher gasoline prices, American car buyers are turning to smaller, more fuel-efficient cars. For many shoppers, gas mileage has become the new horsepower. The upside to this is that...
Surviving Tougher Auto Loan Standards
Following the lead of credit providers in general, auto loan lenders are tightening standards for new loans. Although auto loans have not seen the rising wave of defaults that has swamped the mortg...
Car Loan Alternatives to High-Interest Auto Title Loans
While these are trying times for people with bad credit, a car loan using the title to an existing vehicle as collateral may only make things worse. Known as auto title loans, these loans are market...
Odds Still Favor Car Loan Applicants
The news is out: consumer lenders of all types are tightening underwriting standards. Will this make it tougher to get a car loan? Somewhat, but approval rates suggest this is no time to shy away from...
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