Expert Advice for Car Loans

All Articles on Car Loans

The Impact of Bad Auto Loans Is About To Cause a Flood of Repossessions
Car loans are increasing as car buying continues to grow, inability to pay off these high loans could lead to vehicles getting repossessed.
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Jerry
Mar 18, 2022
How to Get a Car Title Loan With No Income Verification
You can get a car title loan without proof of income. There are other sources of income you can show besides a paystub.
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Jerry
Apr 27, 2022
How Does Interest Work on a Car Loan?
If you took a loan to pay for your car, you will be charged interest on your monthly loan payments. Interest is what you’re charged to borrow money.
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Jerry
Apr 27, 2022
Everything You Should Know About Risk-Based Pricing
Risk-based pricing is a method lenders use to determine your interest rates and loan terms by examining your credit report.
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Jerry
Apr 27, 2022
What Is a Balloon Payment for a Car Loan?
A balloon payment is a kind of loan that allows you to make lower monthly payments followed by one big payment at the end of the loan term.
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Jerry
Apr 27, 2022
How to Get a Repossessed Car Back
This is an article on how to get your repossessed car back. Learn how the repossession redemption process works with this handy guide.
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Jerry
Apr 27, 2022
What is a Car Lien?
A lien on a car title is legal protection given to lenders in the event you default on your loan.
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Jerry
Apr 27, 2022
How to Get Someone to Take Over Your Car Payments
If you can no longer afford to pay for your car, here's what you need to know about transferring the payments to someone else.
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Jerry
Apr 27, 2022
How to Calculate Auto Loan Payments
Calculating your auto loan payments involves knowing the principal balance and amortization to understand the amortization formula.
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Jerry
Apr 27, 2022
How to Get a Car Loan from a Credit Union
Credit unions are not-for-profit organizations, so they offer competitive loan prices. Read this guide on how to get a car loan from a credit union to learn more.
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Jerry
Apr 27, 2022
Pros and Cons of Refinancing a Car
While you can almost certainly save money in the short term, refinancing your car loan does have some potential downsides, too. Read this list of pros and cons of refinancing a car to learn more.
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Jerry
Apr 27, 2022
How to Get a Quote for a Car Loan
Getting a quote for a car loan is straightforward as long as you have all the proper information. Here's what you need to know to get the right quote for your needs and budget.
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Jerry
Apr 27, 2022
How to Sell a Car with a Loan to a Dealership
There are a lot of factors in selling a car with a loan to a dealership, but it is possible to strike a deal that makes all parties happy.
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Jerry
Apr 27, 2022
Is It Better to Get an Auto Loan from a Bank or a Dealership?
The answer depends on what kind of loan you want, but getting a loan from a bank tends to be a better deal.
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Jerry
Apr 27, 2022
How Car Dealerships Make Money from Financing
Car dealerships often offer financing, which simplifies the car buying process for you. But it also nets the dealership a nice little profit. Here's why that matters.
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Jerry
Feb 24, 2022
How Long Does it Take to Get Approved for a Car Loan from a Dealership?
Going to the dealership might not be a one day trip, especially if you're planning on applying for a loan. But there are things you can do to speed it up.
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Jerry
Apr 27, 2022
How to Score a Good Car Loan
It can take some time to find a good car loan, but it’s worth the time and effort that you put into it. Your finances will thank you.
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Jerry
Apr 27, 2022
How to Get a Same Day Auto Loan
This is a guide on getting a same day auto loan. Same day car loans are handy when you need a vehicle right away, and there are plenty of online lenders willing to work with you. Read this article to learn how.
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Jerry
Apr 27, 2022
How to Buy a Car That Money Is Owed On
Yes, you can buy a car that money is owed on, as long as you're careful. Here's how.
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Jerry
Apr 27, 2022
What Is Buy Here Pay Here?
Buy here, pay here is a way for people with poor credit to get a car loan at a dealership.
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Jerry
Apr 27, 2022
How to Compare Car Loan Rates
Comparing car loan rates involves understanding the terminology, looking for several loan options, and calculating your payments and interest.
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Jerry
Apr 27, 2022
How to Pay Off a Car Loan Faster
Refinancing, bi-weekly payments, rounding up loan payments, and putting any extra cash towards your payments are the best ways to pay off your car loan faster.
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Jerry
Apr 20, 2022
How to Get Preapproved for a Car Loan
When you arm yourself with a pre-approval from a lender, you're much more likely to get a good deal on both your car purchase and your auto loan.
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Jerry
Apr 27, 2022
When Is the Best Time To Refinance a Car?
Refinancing is a great way to save money on your car payments, but make sure you do it when it makes the most sense. Read this article to learn the best time to refinance your car.
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Jerry
Apr 27, 2022
What Is the Average Car Loan Interest Rate?
Knowing the average interest rate for a car loan will help you understand if you're getting a good or bad deal from your lender. Read this article to learn the average car loan interest rate.
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Jerry
Apr 27, 2022
What Is a Good Interest Rate on a Car?
When buying a car, it’s not just the sticker price that should get your attention. You also need to make sure you have a good interest rate on your loan.
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Jerry
Apr 27, 2022
How To Refinance a Car Loan in Six Easy Steps
Refinancing your car loan could save you money and only involves a few simple steps such as gathering documents, checking credit, and confirming your loan terms.
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Jerry
Apr 27, 2022
How to Calculate Car Loan Payments
Whether you calculate your car payments online or by hand, you’ll need to gather some basic car information, insurance costs, and your loan term. Read this guide on car payments to learn how.
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Jerry
Apr 27, 2022
How to Get Out of a Car Loan
This is a guide on how to get out of a car loan contract. Refinancing, renegotiating, or even trading in your car can bring you back out of the red.
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Jerry
Apr 27, 2022
How To Get A Car Loan
The easiest way to get a car loan is to have a good credit score. Then, you can shop around for lenders, seek preapproval, and begin searching. Read this guide to learn how to get a car loan.
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Jerry
Apr 27, 2022

All Questions on Car Loans

Should I use a car loan to rebuild my credit?
I want to rebuild my credit, but I also need a set of wheels to get around. Is a car loan a good way to rebuild credit?
Eric Schad
Dec 06, 2021
How do you pay off your car loan early?
I took out my car loan years ago, and now I have a much better-paying job. I’ve been thinking about paying off the loan. Can I pay off the rest of my car loan early? If so, how?
Jack Walsh
Dec 10, 2021
How soon can I refinance my car loan after I purchase my vehicle?
I’m not pleased that my current monthly payment is so high. I read that I can refinance, but I’m not sure when or how. How long do I have to wait to refinance my car loan?
Phoebe Mah
Nov 30, 2021
How long do I have to wait to refinance a car loan?
I have been paying my monthly loan payments for five months now. I was wondering if refinancing my loan for my Jeep Wrangler is an option for me. Can I refinance my car loan early?
Phoebe Mah
Nov 30, 2021
How do you get your car title after paying off the loan?
After four years and not a single missed payment, I finally finished paying off my car loan. My car was the first sizable financed purchase I made, and I’m excited to own the vehicle officially. How do I get my car title after paying the loan?
Jack Walsh
Nov 30, 2021
Should I apply with a different lender if I was already denied a loan for $20,000?
"I want to buy a car for $20,000. I don't have money for a down payment, but if I had to, I could probably get a cash advance from my credit card to put down $2,000. My credit score is 658, but many of the derogatory marks are from my parents opening up credit cards in my name and using them without my consent. I was already denied at one lender. Should I apply with a different one?"
Eric Schad
Jun 02, 2021
How much is my car loan payment?
How much will my car loan payment be per month? I was offered a $20,000 car loan with a 5.34% APR and I’m just wondering how much I’ll have to pay every month. I want to make sure I can afford it before I sign the agreement.
Liz Jenson
Jan 11, 2022
Will filing for bankruptcy pay off my car loan?
I have a car loan with a balance of about $18,000, but I'm also struggling to meet my other debt obligations. I thought about filing for bankruptcy. Will this pay off my car loan?
Eric Schad
Oct 18, 2021
How does a loan rework function?
"My lender got a hold of me for a ""loan rework"" on my auto loan. To do this, I have to put down a lump sum of $5,000, which only reduced my monthly car note from $320 to $307. How does a loan rework function? The math doesn't add up."
Eric Schad
May 28, 2021
Can you get rid of force-placed insurance charges after they've already been charged to the balance of your loan?
I accidentally let my insurance lapse on my financed vehicle. My lender put force-placed insurance on my car. This nearly doubled my monthly payments and added to the total balance of the loan. Can these charges be removed now that I can show proof of my own insurance?
Eric Schad
May 05, 2021
How do I get a car loan after bankruptcy?
I had to file for bankruptcy. During it, most of my assets were sold to pay off my debts, including my car. My bankruptcy was discharged last year and now I need a car for work. How do I get a car loan after bankruptcy?
Lauren Smith
Nov 30, 2021
How can my daughter take over my car loan?
My daughter has always loved my car, and now that she's moved to the suburbs, she needs a car. She's always loved my car, so I said she could have it if she takes over the loan. Is this possible?
Eric Schad
Nov 03, 2021
What do I need to do after I pay off a car loan?
I'm going to pay off my car loan next month. Is there anything I need to do afterward?
Eric Schad
Nov 24, 2021
How can you refinance your car loan?
I recently started renovating my basement to build a personal gym and I quickly discovered it will be a lengthy and expensive project. I’m trying to free up as much money as I can each month and I thought about refinancing my car loan. How do I refinance my car loan?
Jack Walsh
Nov 30, 2021
Should I pay a loan off in 36 months or 60 months if they have the same interest rate?
If two car loans have the same interest rate, which loan is the better option? I went to a dealer to finance a new car, and they're running a 0.9% APR financing special for either 36 or 60 months.
Eric Schad
Jul 03, 2021
Should I refinance my car loan?
I’ve been working hard to get better credit and my credit score has improved. Should I refinance my car loan? What would it benefit?
Lauren Smith
Oct 12, 2021
How do I know how much interest I'm paying on a car loan?
I just signed my first car loan and while I know the interest rate, I'm not sure how much interest I'm paying per month or overall. Where can I find the amount of interest I’m paying on my car loan overall?
Eric Schad
Dec 13, 2021
"Is it possible to get a car loan with low income of $800 to $1,000 a month? "
"I am 19 and I have an excellent credit score. I make money by doing odd jobs for my neighbors. The work has been consistent for the last two years and I usually make $800 to $1,000 per month. Could I get a car loan? "
Johnny Puckett
Apr 26, 2021
How do I use a pre-approved car loan?
The lender I'm thinking of using for my car loan says I can get pre-approved. However, I don't understand what that is or how it'll benefit me. How do I use a pre-approved car loan?
Lauren Smith
Nov 19, 2021
Are car title loans legal in PA?
I live in Pennsylvania and am struggling financially. I've heard about car title loans. I'm considering getting one, but are title loans legal in Pennsylvania?
Lauren Smith
Nov 02, 2021
Should I refinance my Nissan 370Z to cut my interest rate and pay off the balance sooner?
"My annual salary is about $80,000, and I have a $20,000 car loan with a 6.74% interest rate. Refinancing this loan will cut my rate down to 3.99%. I plan to pay off the loan within eight months. Is refinancing my Nissan 370Z worth it?"
Eric Schad
Jun 07, 2021
Can I convert a personal car loan to a commercial one?
More and more often, I'm using my personal car to run errands for my business. This car was bought with a loan. Can I change this loan to a commerical loan?
Johnny Puckett
Apr 08, 2021
What do you need when applying for a car title loan?
My husband and I need some extra cash to finish remodeling our bathroom, but the bank rejected our personal loan application. Due to the loan denial, I want to apply for a car title loan. I’ve never applied for one before, so what do I need for a car title loan?
Jack Walsh
Nov 05, 2021
Can I get out of a car loan after a repossession?
My lender repossessed my car, but I still have a loan balance of $1,700. Can I get out of this loan? Or do I still have to pay it off even though I don't have the car anymore?
Eric Schad
Dec 10, 2021
Can I have a cosigner who doesn't have a valid driver's license?
I want to buy a new car, but need it financed. However, my only cosigner doesn't have a valid driver's license. Will this pose a problem?
Eric Schad
Apr 27, 2021
What is considered a new car for a loan?
What would be considered a new car for a car loan? I found this great car for sale that someone else owned for a little while but never drove!
Liz Jenson
Dec 16, 2021
Why did my credit score drop after leasing a car?
I recently took out a lease for a new car and I noticed that it made my credit score drop. Why is that? I don’t think I’ve missed any payments or anything so I’m a little confused.
Liz Jenson
Apr 04, 2022
How many months can a car loan be?
I’m not sure how many months my car loan will be. How long is a loan contract usually?
Liz Jenson
Dec 03, 2021
How do you pay Toyota Financial with a credit card?
Can I pay my Toyota Financial bill with my credit card instead of my bank account? My paycheck is going to be late, and I would be much more comfortable paying with my credit card this month if that’s an option.
Liz Jenson
Jan 07, 2022
How can I get a new car loan with bad credit?
What can I do to increase my chances of getting a car loan with bad credit? I work two part-time jobs, but I’m behind on bills. Because of this, my credit is bad. I want to buy a car to hopefully find a better job.
Phoebe Mah
Dec 17, 2021

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