Whether you’re new to the world of loans and credit or are a subprime borrower, trying to find financing for your car that won’t leave you paying out of the nose because of high interest rates can be a challenge. One of the obvious options, of course, is to take out a loan with a cosigner.
While that might be ideal for someone young who’s just buying their first car and still needs assistance from their parents, most people don’t want to deal with the crutch of a co-signer (not to mention, the anxiety of knowing that if you fail to make your payments, your co-signer is responsible for them).
If you have bad credit (or no credit), here are some ways you can get a favorable auto loan without needing someone else to be your Cosigner.
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When it comes to borrowing money, there few things as universally feared as the dreaded ‘upside down loan’. So what is it, exactly, and more importantly, what can you do to avoid accidentally taking one on?
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There’s no way around it – buying a car can be expensive – but there are certain things you can do to lower the cost. Here are some tips to help you negotiate your auto loan and get the lowest price possible.
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When the housing market collapsed in the United States back in 2007, the blame was placed squarely on the practice of banks doling out subprime loans and mortgages. The word has since taken on a particularly negative connotation, but what does it actually mean? And is it really as bad as the news would have you believe?
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There are a lot of good reasons to look into auto loan refinancing. Maybe your payments are just too much for you to handle right now. Or maybe the market has changed drastically from when you first got your car and you think your car payments should be lower.
No matter the reason behind your decision to refinance, it’s important to understand how it works – and more importantly – how to make it work for you.
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