finance

Seven-Year Car Loans More Popular, but Beware


Those loans, they're getting awfully long. Experian Automotive says that in the first quarter of 2014, 24.9 percent of all new-car loans were 73 to 84 months long. Four years ago, less than 10 percent of loans were that long.

Seven-Year Car Loans More Popular, but Beware

By Kelsey Mays  on September 5, 2014

Those loans, they're getting awfully long. Experian Automotive says that in the first quarter of 2014, 24.9 percent of all new-car loans were 73 to 84 months long. Four years ago, less than 10 percent of loans were that long.

Deferred Payments: Read the Fine Print

By Kelsey Mays  on August 26, 2014

Until someone downs that last Labor-Day brat, Fiat Chrysler Automobile's Summer Clearance event will allow you to finance a new Chrysler, Dodge, Jeep, Ram or Fiat without car payments for the first 90 days. Chevrolet's Labor Day sale has a

Toyota Offers Payment Relief for Furloughed Federal Workers

By Matt Schmitz  on October 15, 2013

Another automaker has pledged assistance to customers directly impacted by the prolonged shutdown of the federal government — now entering its third week with 800,000 workers furloughed and 1.3 million more still active but potentially not receiving a paycheck anytime

Will 2013 Chevrolet Corvette Prices Drop Now That the 2014 Corvette Stingray Is Available?

By Rick Popely  on October 5, 2013

"Will 2013 Chevrolet Corvette prices drop when the 2014 is available?" Steve They have already dropped, thanks in part to growing anticipation of the redesigned 2014 Corvette Stingray, which just started arriving at dealerships. A new Corvette is a big

Hyundai Revives Payment Assistance Amid Federal Shutdown

By Matt Schmitz  on October 2, 2013

Lights remained out in public buildings and stocks plummeted Wednesday morning as the first federal-government shutdown in nearly two decades continued into its second day. With no apparent signs of resolution in Congress to put 800,000 government employees back to

How to Negotiate Car Financing

By Matt Schmitz  on September 14, 2013

Negotiating car price and financing is like a game. And like any game, your odds of success improve if you go in with a solid plan. Before ever touching grass on the field of play — the dealership — drill

How To Find The Right Car Loan

By Matt Schmitz  on June 30, 2013

If you're among the vast majority who borrow money to purchase a vehicle, you'll want to be armed with as much info — about you — as possible when loan shopping. You need to know not only what kind of

Tips to Navigate the Dealer Finance Room

By Matt Schmitz  on June 29, 2013

You've finalized your car selection, haggled with the salesman and settled on a price. Now all that stands between you and your new wheels is the finance and insurance room, where dealerships offer financing, warranties, rustproofing and other add-ons. It's

Signs Suggest Automaker, Consumer Confidence Rebound

By Matt Schmitz  on February 27, 2013

If it can be said that "as car buying goes, so goes the economy," then Americans' confidence in their spending power appears to be improving. As auto-loan delinquency decreases overall, borrowers are taking on greater debt for vehicle purchases and

Study: Many Average U.S. Households Can't Afford a New Car

By Matt Schmitz  on February 26, 2013

Do you live in one of the largest metropolitan areas in the U.S.? If so, there's a decent chance you can't afford a new car, according to a report by Interest.com, a consumer financial information website. It concludes that out