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Auto loan
Should I get a car loan from a credit union?
When looking for a car loan, there's a good chance you've seen credit unions interested in your business. Your city probably has its own credit union, like most colleges and even some large businesses. There are credit unions for people…
Auto credit companies hope better after suffering pain of Covid in rural India
After a quarter marked by an increase in delinquencies on auto loans, non-bank financial corporations (NBFCs) and commercial banks hope to do better in the second half of the fiscal year as Indians shop for festivals and the…
Do you have a car loan? You Probably Need Gap Insurance
For many people in the United States, buying a car is not possible without a car loan. Indeed, cars can cost tens of thousands of dollars and saving enough to pay in cash can take years.For drivers with auto credit, making sure they have…
Should I wait to get an auto loan after bankruptcy?
Whether you have to wait for a car loan after bankruptcy, or whether you can get one while you are in open bankruptcy, depends on your situation and the bankruptcy chapter you are in. Chapter 7 Bankruptcy: Easier to Expect If…
Help for new borrowers: getting a car loan
Taking out a car loan for the first time can be stressful. Without any experience in the car buying process, you might not even know where to start! We have a few tips and tricks before you visit a dealership or auto lender.…
How does the term of the loan affect the payment of a car loan?
The term of your loan is the time you have to pay off your auto loan and take ownership of the vehicle. The loan terms are varied, but you cannot choose one at random. And, the length of your loan determines more than the…
What goes into the total cost of a car loan
A car loan is more than the price of the sticker on a vehicle. When you finance a car, there are a lot of other costs to be aware of, especially if you are looking to get the lowest possible exterior price. Know the costs of…
4 Ways Bad Credit Affects Your Car Loan
Bad credit can affect your auto loan in a number of ways. Here are four ways bad credit can affect your next car loan and some workarounds that might help. 1. You cannot qualify on your own As a borrower with bad credit, you…
Increase in auto loan defaults reflects the uneven impact of the pandemic
Certainly, some lenders will suffer more than others from the increase in defaults.For example, Shial of Emkay points out that Bajaj Finance has a high exposure to the Maharashtra belt due to sales-related loans from Bajaj Auto.“Even though…
How to get the best auto loan rate
Negotiating a good price on a new car is only half the battle; you also need a good car loan to make it a good deal. To find the best auto loan rate, you'll need to compare rates, terms, and fees with at least three lenders,…