USED CAR TRADE-IN GUIDE View Inventory Apply For Financing Talk to a Credit Expert If your car needs repairs, you may be wondering whether you have to fix it before trading it in. In many cases, you can still trade in a vehicle with mechanical problems, cosmetic damage, or other issues. The important thing is…
View Inventory Apply For Financing Talk to a Credit Expert Yes, paying extra on your car loan can reduce the total interest you pay and help you pay off the vehicle sooner. The key is understanding how your lender applies the additional money. On a typical simple-interest auto loan, extra money that reduces your principal…
View Inventory Apply For Financing Talk to a Credit Expert When you’re comparing car loans, you’ll probably see two numbers that look similar: the interest rate and the annual percentage rate (APR). They’re related, but they don’t always mean the same thing. The quick answer: Your interest rate is the cost of borrowing the money….
Used-Car Buying Guide View Inventory Apply For Financing Talk to a Credit Expert When you shop for a used car, the advertised price is an important starting point—but it may not tell you the full amount needed to complete the purchase. That is where the out-the-door price comes in. It is the complete purchase total…
Before buying a used car, ask about its history, maintenance, current condition, inspection results, total purchase price, and any available warranty coverage. Getting clear answers—and checking the details yourself—can help you make a more informed decision and avoid surprises after you drive away. Whether you’re shopping for your first vehicle or replacing your current…
Yes, a bigger down payment can lower your monthly car payment. When you pay more upfront, you generally need to borrow less to purchase the vehicle. A smaller loan balance can mean lower monthly payments and less interest paid over the life of the loan, depending on the loan term and interest rate. But putting…
USED-CAR FINANCING GUIDE How much should you put down on a used car? There is no single dollar amount that works for every buyer. A down payment should be large enough to make the purchase and monthly payment comfortable without using so much of your cash that you leave yourself financially stretched. For many used-car…
USED CAR SELLING GUIDE Should you trade in your car or sell it privately? There is no single answer for every vehicle owner. The better choice depends on how much your car is worth, how much time you want to spend selling it, whether you are buying another vehicle, and how much convenience matters to…
Negative equity on a car loan means you owe more on your vehicle than the vehicle is currently worth. You may also hear this called being upside down or underwater on your auto loan. Quick answer If your car is worth $15,000 but your loan payoff is $18,000, you have approximately $3,000 in negative…
USED CAR BUYING GUIDE Seeing 100,000 miles on a used-car listing can make you pause. But does reaching six figures on the odometer automatically mean a vehicle is a bad buy? Quick answer No. A used car with 100,000 miles is not automatically a bad idea. Mileage is important, but the vehicle’s maintenance history, condition,…
