Car Loan While Unemployed

February 25th, 2022 by
A jar of assorted coins tipped over

It can be exciting to purchase a vehicle, but if you’re currently unemployed, the idea of getting a car loan might be daunting. While it may seem nearly impossible to successfully secure a loan without a job to fall back on, there are methods you can use to make yourself an attractive loan candidate. At…

Posted in Car Financing

Can Someone Take Over My Car Loan?

February 22nd, 2022 by
A person signing paperwork

Your auto loan payments can often be one of your largest expenditures every month. Unfortunately, there are many reasons why it may no longer be possible for you to make these payments. For example, you may have a medical emergency, change jobs, or face an unexpected expense. Whatever your reason is for wanting to be…

Posted in Car Financing

What Is The Maximum Amount For a Car Loan?

February 10th, 2022 by
A bunch of dollar bills, a credit card, and a calculator all laid out

When you’re shopping for a used car, financing is likely one of your biggest concerns. Taking out a car loan doesn’t have to be stressful, though. In this helpful guide, we break down the sometimes-mystical process of applying for a car loan. Read on to learn about the maximum amount you can take out for…

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Debt to Income Ratio on Car Loans

February 1st, 2022 by
A collage of different words related to debt and income

The debt-to-income ratio is how much your debt payments are per month related to your gross monthly income. More commonly known as DTI, this calculation is one of the main tools to judge whether or not you can afford the potential auto-loan payment. A good DTI is a subjective term and varies from lender to…

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What’s The Average Interest Rate On A Car Loan

January 21st, 2022 by
The words "interest rate" written on a chalkboard

The interest rate you receive on a car loan depends primarily, if not exclusively, on your credit score. What is meant by the average interest rate on a car loan? Most individuals look for the interest rate of someone with average credit, which sits in what’s known as Prime, or those with credit scores between…

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Transferring A Car Loan To Someone Else

January 20th, 2022 by
Two people exchanging a piece of paper and money

Most folks don’t have the funds accessible to buy a car outright, which means financing it. There are certain situations where you may want or need to transfer your car loan, such as no longer being able to afford the payments or refinancing for a better rate. After deciding to transfer your car loan, the…

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Can You Return a Financed Car?

January 10th, 2022 by
Woman holding a car key

​ Image licensed under Unsplash by Erik Mclean There are many reasons you might want to return a car you’re still financing. Whether it’s because you found something else you want to drive or you cannot afford to make the car payments any longer, sometimes life simply throws a surprise at you. But can you return…

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Can You Finance Two Cars At Once?

January 10th, 2022 by
A Ford Truck in a parking lot

If you have a good credit score, the process of buying a vehicle is quite straightforward. All you need to do is find your ideal car, sign an auto loan contract, and drive away in your new ride. However, things get more complicated if you want to purchase two cars at once or buy another…

Posted in Car Financing

Car Insurance with Bad Credit

January 10th, 2022 by
A calculator on a wooden table

Auto insurance providers consider multiple factors, including your driving history and the type of vehicle you drive. Credit score is the most important factor insurance providers review to calculate your rates and interests. Most auto insurance companies take your credit-based auto insurance score to decide whether you are a viable policyholder. They also consider the…

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Can I Trade in My Car With Bad Credit?

January 10th, 2022 by
A person holding a credit card

Are you looking to get a new car but are stuck with bad credit? This is a common problem all across America, and you’re definitely not alone. If you’re looking to get a new car but aren’t sure how, keep reading. Find out how you can leverage a car trade-in to get the down payment…

Posted in Car Financing
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