Car loans are reasonably short-term lending vehicles designed to help people purchase automobiles. A car loan can come from a number of different lending sources. The sources available can depend on the need for bad credit car loans or used car loans. It is also possible to sometimes refinance car loans to obtain a better deal. This is not uncommon when people make new car loans and discover they can get better terms elsewhere. The cost of borrowing associated with car loans can be impacted by a number of factors. The length of the loan in months, the interest rates involved and the amount of down payment can all affect costs.
Bad Credit Car Loans
Auto Loan Charge Off: Cleaning Up the Mess
An auto loan charge off occurs when a borrower defaults on a car loan, the lender repossesses and sells the car, and the lender removes the balance of the loan from its books. A charge off is a loss for the lender and negatively impacts the borrower’s credit report.... »
- Are there Specialty Car Loans for People with Bad Credit?
- Financing a Car on Bad Credit with an Auto Title Loan
- The Disadvantages of Having a Cosigner on Your Car Loan
- The Advantages of Having a Cosigner on Your Car Loan
Car Loan
4 Factors that Contribute to Fluctuating Interest Rates on Car Loans
Fluctuating interest rates on your car loan are due to both national and personal financial factors. You cannot seek a loan without paying attention to the national trends in lending and credit markets. These factors will weigh as heavily on the cost of financing as your personal credit history.... »
- What are the Consequences of Defaulting on an Auto Loan?
- What Happens when You Default on a Car Loan?
- The Basics of Assuming a Car Loan
- How a Recession Can Affect New Car Loan Interest Rates
Car Loan Refinancing
How To Use Home Equity To Lower Your Auto Loan Interest Rate
Getting an auto loan can be a difficult experience for many car buyers. Many times you pay higher interest costs than you anticipated and the monthly payment is higher as well. For those that wish to explore another option, using a home equity loan to lower your interest rate... »
- What Effect Does Refinancing Your Car Loan Have on Your Credit Score?
- The Benefits of Refinancing Your Car Loans
- The Risks of Refinancing Your Car Loans
- Why Refinancing Car Loans can Save You Money
Used Car Loans
How a Recession Can Affect Used Car Loan Interest Rates
Used car loan rates are usually higher than new car loan rates, and they are especially high in a recession. A recession results in less liquidity, or access to cash, in the market. Whenever there is less cash in the loan market, loans are harder to come by. Lenders... »
- Disadvantages of Private Party Auto Loans
- Don't Get Used: Car Loan Self-Defense Tactics
- Why New and Used Car Loan Interest Rates are Different
- What are The Risks of Used Car Loans?
Student Loans
- 3 Factors that Contribute to Fluctuating Interest Rates on Student Loans
- What are the Consequences of Defaulting on a Federal Student Loan?
- What Happens when You Default on a Private Student Loan?
- Federal vs. Private: Comparing Student Loan Interest Rate
- Can You Get a Private Student Loan with No Cosigner?
