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Auto loan

What is a second chance car loan?

If you have a bad credit history and are having trouble getting approved for a car loan, a second chance car loan may be an option. Also known as subprime auto loans, they typically come with higher interest rates, monthly payments, and…

5 steps to get a car loan

If you're looking for a new car, the financing process can be daunting. But if you arm yourself with knowledge and understand the different steps involved, you can make the process much less daunting.1. Determine your car loan budgetThe…

What is it and how to find one

A private loan - financing for car buyers buying from a private owner - may be easier to obtain than traditional loans. However, lenders may charge more because a private purchase is considered riskier than buying from a reseller. What…

How to Avoid a Yo-Yo Auto Loan Scam

Car loan scammers, or "yo-yo" scammers, are a serious problem in the United States. These scammers operate by offering a very low interest rate at the start of the conversation, only to increase the rate once the driver has signed the…