Most Recent Managing Your Auto Loan Articles Page 9
What Does it Mean to be Underwater?
People often use words that have a double meaning, especially when it comes to cars. One of these is “underwater,” which means you owe more…
By Meghan Carbary - May 11, 2018Do I Need GAP Insurance?
Guaranteed asset protection (GAP) insurance isn’t required, but it can come in handy if a borrower finds themselves with a totaled car. What Does GAP…
By Megan Foukes - April 19, 2018Is There Equity in Your Vehicle?
If someone owns a vehicle outright, the appraised value of the car is the amount of equity it has. But if the vehicle is financed,…
By Meghan Carbary - March 7, 2018How Do I Calculate a Monthly Payment Budget?
To calculate a monthly auto loan payment, a borrower divides the total cost of the loan – principal plus interest – by the loan term.…
By Meghan Carbary - February 15, 2018Can You Trade in a Car with a Lien?
Liens are a legal document that put a vehicle’s title under someone other than the borrower’s name. The lienholder can be a lender, bank, or…
By Megan Foukes - February 14, 2018What are the Benefits of Paying off a Loan Early?
There’s only one advantage to early loan payoff when it comes to auto loans – saving money. A borrower can save thousands in interest charges…
By Meghan Carbary - February 8, 2018Are Extended Warranties Worth it?
For the potential car buyer, initial decisions surrounding a purchase extend beyond the car itself. Before a consumer can drive off the lot, there are…
By Meghan Carbary - January 25, 2018Car Payments After Job Loss
The loss of a job can cause a lot of stress but it shouldn’t be overwhelming when it comes to car payments. There are several…
By Meghan Carbary - October 16, 2017Should You Pay off Loans for Cars with HELOCs?
Learn about the 6 benefits to paying off a car loan early with a home equity line of credit, and how to look for the…
November 9, 2016How to Write Off Interest on a Car Loan for Your Taxes
Many people write off interest when paying their taxes. You’re already paying a lot of money on your car loan, so why not get some…
November 9, 2016
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