How Can I Selling an Upside Down Car to CarMax?

Sell Upside Down Car To Carmax

As car dealerships find innovative ways to make more people buy their new cars, it is now becoming more common to find people with negative equity. Factors like small or no down payment, high-interest rate, roll over and longer loan terms are some of the things that can make people have negative equity. You will … Read more

How To Refinance Car Loan With Bad Credit And Late Payments

Refinance A Car Loan With Bad Credit

Refinancing your car is easy when you have an excellent credit score and payment track record. Most lenders will approve your application readily. Lenders are always on the lookout for such borrowers. The problem arises when you have bad credit and late payments. Most lenders will not approve your refinance application then. Can you refinance … Read more

Does Refinancing A Car Hurt Your Credit Score?

does refinancing a car hurt your credit

An auto loan is a long-term financial decision where you commit to paying a certain monthly amount to finance the car. Unfortunately, anything can happen within that period affecting your ability to remit the monthly amount without stretching your resources thin. Sickness, job loss, and the need to finance something else like education are some … Read more

How To Trade In A Car With Negative Equity?

How To Trade In A Car With Negative Equity

Automobile companies are launching newer car models every day. Many times, it might so happen that you would want to switch your car for a newer and more expensive one. In that case, you can undoubtedly think about trading in your car. The dealer will certainly provide you with a discount on the new car … Read more

Can You Refinance a Car Loan With The Same Lender

Refinance Car loan with The Same Lender

If you’re a car owner with a loan, you may have heard about the concept of refinancing your car loan. Refinancing a car loan involves replacing your existing loan with a new one, usually with better terms and lower interest rates. It’s a way to save money on your monthly payments and overall interest costs. … Read more

How Soon Can You Trade In A Financed Car?

How Soon Can You Trade In A Financed Car

It is increasingly common to find people asking how soon can you trade in a financed car after only making payments for a few months. You must be careful when shopping for a financed vehicle as most dealerships will make the deal look cheap to make you sign the documents. Even though you can afford the monthly … Read more

What Does It Mean To Refinance A Car Loan?

What Does It Mean To Refinance A Car

Auto refinance is a great option, especially if you want to manage your car loan cost. But what does refinancing a car mean? It is the process of obtaining a new loan to pay the one you already have. Note that the refinanced vehicle loan becomes a fresh contract. Often, a refinanced loan is usually … Read more

How Much Negative Equity Will A Bank Finance?

How Much Negative Equity Will A Bank Finance

Have you seen auto dealerships’ ads and mortgages promising to pay off your loan balance when you trade in an asset? However, some buyers owe more than the value of their trade-in, resulting in negative equity. So, how much negative equity will a bank finance? First, keep in mind that banks will often want to … Read more