For example, you may be required to carry gap insurance or make a larger down payment. The first step to qualifying for a private party car loan is knowing how much you can borrow. In general ...

Car payments are expensive. The Experian State of the Automotive Finance Market Report for Q2 of 2024 shows that average ...

You may have come across the term “car lien” while shopping for a car or trying to secure an auto loan. So what is a car lien ...

Learn more about our methodology and editorial guidelines. How To Lower a Car Payment: 8 Ways to Get it You might feel stuck paying the same amount for your car each month or are unsure about how ...

Additionally, a lease agreement may also require you to carry more than basic car insurance; the company that finances your lease will usually want you to have complete coverage. Lease payments ...

A principal-only car payment is an extra payment on your auto loan that is applied only to the principal amount of the loan. Lenders don’t always automatically apply extra payments to the principal.

When deciding how much your car payment should be, many factors, like your income and other expenses, come into play. While you want a safe and reliable ride, you don’t want to overextend ...

Roughly a third of people who financed cars owe more than their vehicles are worth, which can be consequential once they get ...

Finally, car shoppers are stomaching higher prices by “increasingly opting into longer loan terms to reduce monthly payments,” Caldwell said. Those longer loan terms, coupled with trading ...

An increasing percentage of car buyers are opting to stretch their monthly car payments far longer than what used to be the traditional four-year loan. Consumers are signing up for longer loan ...

Car payments are ... so neither of you would have a payment. However, Varghese said if you go this route, it’s critical to establish a thorough partnership agreement. “ ...