Loan terms are important when buying a car because they affect your monthly payments and total debt. A longer loan term can mean cheaper monthly payments, but it usually means higher interest rates over the life of the loan and more time for the borrower to build equity. This makes it more likely that you …

In the recent past, many drivers have been opting for leasing cars as an excellent alternative. It provides a very friendly experience that allows one to experience driving a new vehicle without buying it all at once. But what does it mean to lease a car? Is this the best option for you? In this …

Car financing is one of the most crucial decisions when purchasing a new vehicle, so getting preapproved for a loan gives you greater negotiating leverage at dealerships. Be sure to use a loan calculator to understand the implications. Extended loan terms increase the risk that you could owe more than it’s worth if you decide …