Can You Garnish Secure Car Loans?
When a person owes money to a creditor and fails to repay the creditor according to the terms of his contract, the creditor may take a number of actions to receive payment of the money owed. If the...
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The Average Depreciation of a Vehicle
Buying a new vehicle has its advantages, from a full manufacturer warranty to the peace of mind that comes from knowing that you're the first owner and no one else has abused or neglected your car in...
View ArticleIs it Possible to Refinance a Car Loan?
You can refinance your car loan. Refinancing offers the opportunity to lower your interest rate and save money over the term of your loan, which lowers your monthly payment. Reasons for wanting to...
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Purchasing a Car With Cash Vs. Credit
There are a lot of factors to consider when deciding whether to purchase a car using cash or financing the vehicle. Sometimes the decision will be made for you. If your credit history is extremely bad,...
View ArticleHow Much of a Downpayment Do I Need to Get a Low Auto Interest Rate?
Some banks may have lending thresholds for its lowest interest rates, meaning you must borrow a certain amount of money against the vehicle's bank-determined value. However, most banks offer the same...
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What Is a RV Short Sale?
If you have an RV listed for short sale, it usually sells at a lower price. A short sale occurs because you are facing financial difficulties and can't afford to make regular payments toward your RV...
View ArticleWhat If My Truck Gets Repossessed?
Depending on your lender, you might have an opportunity to get back your repossessed truck. Your truck was likely repossessed because of nonpayment, so the bank is within its rights to repossess it....
View ArticleWhat to Know Before Buying a Car
Buying a car and getting a good price and interest rate requires savvy skills. Car salesmen and dealerships want to make a certain amount of money on each purchase, and lenders base interest rates for...
View ArticleInformation on Car Lease Rules
Car leasing payments are based on a variety of bank-determined information, such as the car's expected depreciation over the lease term and payment interest rate. Each leasing bank sets it own rules,...
View ArticleDoes Gap Insurance Replace a Totaled Vehicle?
Gap insurance does not replace a totaled vehicle. This optional insurance pays off your car loan if your insurance company's market value payout does not, which can help you acquire another loan on a...
View ArticleHow Do Banks Make Money on 0% Interest on Car Loans?
Technically, banks do not offer zero-percent financing. In fact, the low rate is usually an incentive offered by the manufacturer in lieu of rebates, or money off the vehicle's MSRP (manufacturer's...
View ArticleHow to Clear a Lien on a Car Title in Wisconsin
A lien is a legal claim on property that is generally used to secure the repayment of a debt. Often, when you buy a car on credit, the lender places a lien on the car until you have repaid the loan in...
View ArticleWho Has to Buy Car Insurance on a Co-signer Loan?
When applying for an auto loan, a lender may ask an applicant if he has a co-signer. For instance, a parent with established credit might co-sign for a child with no credit history or a husband might...
View ArticleCan You Pick How Long Your Auto Loan Lasts?
Banks differ in the lending process; many offer a 24- to 72-month term for auto loans, while some offer more. Although you can apply for your preferred loan term, consider your budget and rate...
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Used Car Sales Laws in Tennessee
Tennessee's lemon law, which protects consumers against dud cars, doesn't apply to used cars. However, if you've purchased a car that's a lemon, you may have some recourse against the seller with a...
View ArticleThe Pros & Cons of Leasing a Low Mileage Car
Low mileage leasing offers a lower lease payment. Leasing is based on expected depreciation, so if you choose to take a lower mileage option, the vehicle won't depreciate as fast. Before pursuing a low...
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Oregon Auto Repossession Rules
Many car owners buy their automobiles with a car loan provided by a creditor. When this car loan goes unpaid, the specter of a car repossession looms over the borrower. Oregon allows for car...
View ArticleBenefits of Leasing a Car versus Buying
People who don't want to spend several years paying off a car loan can benefit from the cost savings associated with leasing a vehicle. Consumers who lease their cars can save money on auto maintenance...
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How to Use a Broker for Buying a New Car
Nervousness about purchasing a new vehicle isn't uncommon. Buyers sometimes believe they have negotiated a good deal on a new car only to discover that hidden fees and service charges inflate their...
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Can You Remove a Co-signer's Name From a Car Loan?
When you take out a car loan, the lender approves the loan based upon the creditworthiness of both the applicant and the co-signer. The loan contract amounts to an agreement between both you and the...
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