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Car loans

Joint Auto Loans and Repossession

A joint auto loan is when two people are equally responsible for the vehicle and the loan. If this vehicle is repossessed, it could mean a lot of headaches for both of you. Joint Auto Loans and Vehicle Trade-In A joint auto…

How Are Auto Loans Amortized?

Auto loans use simple interest, which means your auto loan balance determines your interest costs. An amortization schedule describes how your interest and principal is paid in a simple interest loan. Here's how simple…

What are they and how to fix them

Without even knowing it, you may have put yourself in a financially precarious situation: being upside down on your car credit.Perhaps you bought a new car without making a down payment. Or maybe you went for low and "easy" monthly…

No or few Doc car loans

Terminology varies around the world, even when it comes to auto loans. A simple sentence may have the same words, but the meaning may be very different. Take for example the expression “low doc” car loan. Meanings differ down…

Military Car Loans | Bankrate.com

The US military has an advantage when it comes to buying a car. Many lenders offer special military auto loans that work like regular auto loans, but with better terms. If you are serving in the military or have retired, chances are you…