An auto loan or lease is a great way to get behind the wheel without emptying your savings. But if you can no longer afford your monthly payments or are on the verge of becomingupside downon your loan, there are ways out. If you bought your vehicle, you could renegotiate or refinance ...
getting a new one becomes top priority. Before committing yourself to a long-term financing contract, consider looking into solutions that would allow you to cover the cost of the car and associated fees without having to take out an auto loan. It...
A business auto loan is a type ofsecured loanthat companies or individual owners can use to purchase vehicles for business purposes. A business auto loan can be less expensive than an unsecured loan, and its interest costs may be tax-deductible. Business auto loans are also referred to as co...
Whether it’s a new car or a used car, unless you’re planning to pay for the car upfront, you’ll probably need an auto loan. You can get an auto loan from the dealership or from a bank, but when you take out an auto loan, you’re committing to an auto loan payment. That...
How to compare auto loans Key takeaways You’ll need an auto loan if you want to buy a vehicle without paying cash upfront. Each month, you’ll pay a fixed amount toward the principal and interest over a set period. You can use dealer financing to purchase a vehicle or arrange auto ...
“You should not get pre-approved or apply for an auto loan until you are ready to purchase the vehicle.”— Kathryn Morrison Pre-approval Yes or No? Investopedia:Should I getpre-approvedfor an auto loan? Morrison:You should not get pre-approved or apply for an auto loan until you are...
Taking an additional loan to pay off debt might sound counterintuitive. But it can be a solid strategy if you’re committed to paying the balance. The process is simple: Get approved for a loan and then use the funds to pay off your credit cards. A personal loan can make sense in ...
How long does it take to get a lease buyout loan? The process of getting a lease buyout loan depends on the lender. What should be included in a buyout agreement? Generally, your buyout agreement should include your name, address, vehicle description and buyout price. You also need to...
Most people think of auto financing as taking out a loan to buy a car, but leasing a car is another popular form of car financing. When you lease, you only pay for a portion of a vehicle's cost—in other words, you’re paying for using the car, not for the car itself. You may...
How to Start an Installment Loan Biz You know the drill. You have that burning desire to start your new business BUT you just don’t know where to begin. You’ve heard about all the money being made by “lending money to the masses.” ...