Tag: Auto loans
Used car prices are down 3.3% from a year ago, per inflation data
Westend61 | Westend61 | Getty ImagesIn the latest inflation reading, used cars are one of the few categories with prices that are lower than they were [...]
Black Friday car deals are hard to come by even as prices soften
Newsday Llc | Newsday | Getty ImagesThere was a time when Black Friday in the car-selling business meant a flurry of big sales events at dealerships w [...]
These 10 used cars have held their value the most
martin-dm | E+ | Getty ImagesSports cars, Jeep models among slowest to depreciateThe top three cars that have held the most value over the last five y [...]
How your credit score affects the cost to finance a car
Tim Boyle | Bloomberg | Getty ImagesAlthough prices for new cars are moderating a bit, financing a vehicle purchase hasn't been getting any cheaper.Wi [...]
What to look for in your credit report to lower borrowing costs
vitapix | E+ | Getty ImagesYour credit score can make or break your ability to open a credit card or buy a new car or home at attractive interest rate [...]
Financing pushes monthly cost of new cars to record $702
Skynesher | E+ | Getty ImagesWhy drivers are spending more to buy a new vehicleThe average new-car transaction in July was $45,869, according to the J [...]
Consumers paying average $10,000 above ‘normal’ prices for used cars
Jim Watson | AFP | Getty ImagesIt's no secret that used-car prices have skyrocketed over the last two years amid an industry turned upside down by sup [...]
What the Fed’s interest rate hike to combat inflation means for you
The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the ke [...]
Memorial Day weekend car shopping is ‘looking pretty bleak’
Bloomberg | Bloomberg | Getty ImagesOne of the best car-shopping weekends prepandemic is more of a dud these days.Amid the auto industry's manufacturi [...]
More than 80% of consumers are paying above sticker price for new car
When you're purchasing a new car these days, it may feel a lot like you're giving your dealership a fat tip.To that point, 82% are paying above sticke [...]
New and used car prices keep climbing. Don’t expect relief soon
When it comes to car shopping these days, sticker price may mean sticker shock.New and used car prices continue to spurt higher amid strong demand [...]
Pandemic relief has helped Americans. Yet there are signs of strain
While household debt reached a record $17 trillion in the second quarter of 2021, many American households have felt less financial stress this yea [...]
Car shopping for Black Friday deals is very different this year
David Paul Morris | Bloomberg | Getty ImagesWhen it comes to shopping for a new car, this isn't your typical Black Friday.Deals and discounts that [...]
Reductions on new vehicles are onerous to come back by. Learn how to discover a whole lot
David Paul Morris | Bloomberg | Getty PicturesBeing available in the market for a brand new automotive proper now's difficult, to say the least.Hea [...]
Why it may be a sensible thought to repay automobile mortgage early
Isaac Diaz, who turned 40 in June, has kicked his plan to repay his automobile mortgage into overdrive. "Proper now, I am centered on paying my aut [...]