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September 6th, 2022

Tech Trends in the Automotive Industry

The automotive industry is known for its willingness to implement the use of new technologies. Throughout its history, the industry has evolved as a result of new technological developments starting with the internal combustion engine and more recently, the electric vehicle. One technology that is becoming increasingly popular within the automotive industry today is virtual

Tech Trends in the Automotive Industry
Can I Get a Car Loan While On Unemployment?
September 6th, 2022

Can I Get a Car Loan While On Unemployment?

Written by:  Marcela De Vivo

No one ever plans on being unemployed, but getting laid off or terminated can happen when you least expect it. If you’re in this situation, you may need to rely on unemployment benefits to make ends meet while you look for a new job.  But finding a new job–especially when it comes to traveling to

What Factors Affect the Average Car Loan Interest Rate?
June 27th, 2022

What Factors Affect the Average Car Loan Interest Rate?

Written by:  Marcela De Vivo

About 85% of new car purchases in the U.S. are financed, so if you’re thinking about taking out an auto loan, you’re not alone. Shopping for the right car loan is just as important as shopping for the right car. There are many factors you may want to consider when comparing different loans, including the

How to Get a Used Car Loan
June 20th, 2022

How to Get a Used Car Loan

Written by:  Marcela De Vivo

There are a number of benefits to buying a used car instead of a new one. For example, used cars are typically more affordable than used cars, so you may be able to save a significant amount of cash.  But even though a used car comes with a smaller price tag, you may still need

Benefits of Online Car Loans
May 31st, 2022

Benefits of Online Car Loans

Written by:  Marcela De Vivo

In the past, getting a car loan wasn’t easy. You used to have to schedule an in-person meeting with a lender to apply for a car loan. Then, you were required to fill out pages and pages of paperwork to submit an application. The entire process–from application to approval–often took weeks to complete. Fortunately, those

What Credit Bureau Do Car Loans Use?
May 27th, 2022

What Credit Bureau Do Car Loans Use?

Written by:  Marcela De Vivo

A credit bureau, also known as a credit reporting agency, is an organization that gathers consumers’ credit information and uses it to create credit reports. Lenders, employers, landlords, and other parties can pay credit bureaus to access this information, which they use to make important decisions.  For example, a lender may need to access an

Trading In A Car With A Loan: What You Should Know
May 25th, 2022

Trading In A Car With A Loan: What You Should Know

Written by:  Marcela De Vivo

If you’re ready to purchase a new car, one of the first things you need to figure out is what to do with your current vehicle. There are two main options. You can either sell it to a private party or trade it in at a dealership. There are pros and cons to both, but

What is the Best Bank For An Auto Loan?
March 25th, 2022

What is the Best Bank For An Auto Loan?

Written by:  Marcela De Vivo

Buying a new or used car is a major financial commitment, which is why most people spend days, weeks, or even months researching their options before making a purchase decision. However, many people fail to take the time to research their auto loan options before buying a vehicle. Don’t make this mistake. All auto loans–and

How to Refinance A Car Loan
February 8th, 2022

How to Refinance A Car Loan

Written by:  Marcela De Vivo

When financing the purchase of a vehicle, you may assume that you’re stuck with your auto loan until it’s completely paid off. However, that’s not necessarily true. If you’re unhappy with the terms of your auto loan, you may want to consider refinancing.  Refinancing involves taking out a new car loan in order to pay

How to Pay Off Your Car Loan Faster
February 8th, 2022

How to Pay Off Your Car Loan Faster

Written by:  Marcela De Vivo

Historically, car loan terms typically ranged from three to five years; however, in 2020, the average term for a new car loan was about 72 months or six years. It’s not hard to see why so many borrowers are opting for car loans with longer terms. The longer the term, the lower the monthly payment.

How to Refinance An Auto Loan With Bad Credit
February 2nd, 2022

How to Refinance An Auto Loan With Bad Credit

Written by:  Marcela De Vivo

There are many factors that can lead to bad credit. Your credit may suffer after a major event in your life such as a divorce or the loss of a job. It could also suffer if you accidentally missed a few payments or fell behind on your bills. In other words, bad credit can happen