Use This Guide to Get Out of a Car Loan How Much Car Can You Afford? Elizabeth Rivelli Finance & Insurance Editor Elizabeth Rivelli is a freelance writer with more than three years of experience covering personal finance and insurance. She has extensive knowledge of various insurance lines, incl...
Should You Finance Negative Equity? If you owe more than the car’s value, some dealers will let you roll that debt — also known as negative equity — into a loan for a new vehicle. For example, you may owe $12,000 on a car that’s worth $11,000. A dealer can increase your ...
Related: How to Finance a Car and Get a Car Loan Though many shoppers have their financing arranged by car dealers, there are several places outside of dealerships where you can get a financing offer. They include large national banks, community banks and credit unions. You’ll typically fin...
Jake Mitchell
is also a tool to help you find a car by budget. The online calculator helps you put in what you’re willing to pay per month, your down payment and trade-in. Then, you can view cars that fit your desired monthly payment. There’s also a tool to help you find local dealers. ...
The biggest reason to sort your finance for yourself is the ability to save money on your next finance deal. By taking back control of your finance, you can search for the best deals and choose the finance agreement that’s right for you. Car dealers are usually limited to the finance th...
If you have exceptional credit and plan to buy a new vehicle, you might qualify for a 0 percent APR auto loan. Just watch out for extra fees that dealers may tack on to the car’s price to make up for the fact that they won’t earn any interest on your loan....
Some dealers or the manufacturers that they represent require adown payment for a lease. The more you put down, the lower your lease payment will be. Keep in mind that it may not make sense to put too much cash down on a vehicle that you’ll ultimately be handing back to the dealer....
Also, you might have to place a factory order for a car that is a new release or is so popular that dealers cannot keep them in inventory. In this case, it will be hard to haggle the car price as there are many buyers looking to purchase, so the dealer will play hardball knowing ...
and that means specialist knowledge. It recruits staff from dealers and auction houses. “If it’s a very specialist car, we know who to call to value it.” Once they establish that value, and the customer’s deposit, they can divide the finance scheme into deposit, monthly payment and ...