APR Range: 4.29% - 24.99% Loan Term: 48 - 72 months Loan Range: $4,000+ Applicant Requirements: At least 18 years old Vehicle Requirements: Limited to vehicles available through the Chase network of dealers, no older than 2008 After your application is approved, Chase will send the informa...
So in 3 years if you decide you love the car you are driving, you have $3,000 in cash you can spend however you want. Finally, the amount you are saving each month is less than a typical car loan. This improve your monthly cash flow because less money is tied up as a monthly de...
Resources like Kelley Blue Book and Edmunds make estimatingyour car’s wortheasy. However, a lender may be unwilling to refinance a vehicle with over 100,000 miles or older than 10 years. This lowers the resale value significantly, making your loan riskier for the lender. ...
Alison Tobin is a car insurance editor for U.S. News & World Report. She joined the organization in 2024 but has been covering insurance content for seven years. She is dedicated to helping readers make more informed insurance decisions. ...
Going for a loan that's more than five years dramatically increases your financial exposure and will usually involve a higher interest rate. You want to avoid a situation where your car is so old that it requires costly repairs, yet you’re still making monthly payments. Completing the Deal ...
Thinking about financing your next vehicle? Here's 9 key questions to ask yourself before getting your next car loan.
Car age. Typically, the older the car, the higher the rate. If you want to buy a car over 10 years old, you may pay much more interest if you can find a lender that will finance your car.Loan amount. Some new car lenders offer lower rates for high loan amounts, especially if ...
History of bankruptcy: Generally, people get denied due to bankruptcy that occurred less than two years before filing for the auto loan. There are two major exceptions to getting approved for a car loan after bankruptcy, including the Chapter 7 and Chapter 13 bankruptcy exemptions. Payment-to-in...
If you received an auto loan at a time when your financial situation wasn’t that strong, you may have a higher interest rate than you want. You can refinance your car to obtain a lower interest rate, saving you money for the rest of your loan period. This can be a very smart move...
Even with bad credit, you can probably still get approved for a car loan. Applying online will save time and money. There are companies on the internet that will offer you auto loan quotes from more than one lender in order to ensure that you get the most competitive quote you can qualif...