Bankrate tip You’ll need a credit score of 670 or above for the best rates. If your credit is less than ideal, you might consider other options, such as selling your car to pay off your loan. Cash-out auto refinance loans A cash-out refinance loan is similar to traditional refinancin...
Allison Martin is a contributor to Bankrate covering personal finance, including mortgages, auto loans and small business loans. Martin’s work began over 10 years ago as a digital content strategist, and she’s since been published in several leading outlets, including The Wall Street Journal, ...
Writer, Auto Loans and Personal Loans Connect with Rebecca Betterton on Twitter Connect with Rebecca Betterton on LinkedIn Get in contact with Rebecca Betterton via Email Read more from Rebecca Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has...
Bankrate insight Experts recommend a down payment of at least 20 percent, but if that’s too much, just put down what you can afford. 3. Prequalify with multiple lenders Prequalification lets you check your eligibility and loan terms before you apply. It can save time and avoid unnecessary...
Writer, Auto Loans and Personal Loans Connect with Rebecca Betterton on Twitter Connect with Rebecca Betterton on LinkedIn Get in contact with Rebecca Betterton via Email Read more from Rebecca Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has...
Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has been reporting on auto loans since 2021. You may also like What is the 28/36 rule for home affordability? Real Estate By Jim Probasco 5 min read How to lease a car with bad credit ...
Bankrate insight Don’t refinance a vehicle you can’t afford.Reassess your budgetto see if you can make any cuts, or consider trading in the car for a cheaper vehicle with a lower payment. When interest rates are rising If you took out your auto loan when rates were low, it may be ...
Bankrate is always editorially independent. Key takeaways Tax write-offs are available if you use your car for business all or some of the time. Only self-employed individuals are eligible for a tax deduction. You will need to keep detailed records to prove your business use when you ...
Bankrate is always editorially independent. Table of contents When does early payoff make sense? Pros of paying off a car loan early Cons of paying off a car loan early How to pay off a car loan early You may also like When and how to refinance a personal loan Personal Loans ...
Denny Ceizyk joined the Bankrate Loans team as a Senior Writer in 2023, providing 30 years of insight from his experience in loan sales and as a personal finance writer to help consumers navigate the lending landscape on their financial journeys. ...