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Should You Buy a Car in 2024?

Should You Buy a Car in 2024?

There’s nothing quite like the thrill of buying a car, especially if it’s brand new. Over the past few years, however, carmakers have faced the pandemic and several other major challenges that threw the industry for a loop. While some of those issues have improved, car buyers aren’t out of the woods quite yet. Let’s

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How to Defer a Car Payment

How to Defer a Car Payment

If you’re facing a financial emergency and can’t cover this month’s car payment, a deferment on the loan could buy you some breathing room. It’ll come at a cost, but it may be worth it to avoid the possibility of repossession. Can You Defer a Car Payment? Loan deferment is a temporary suspension or reduction

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How Does Buying a Car Affect Your Credit?

How Does Buying a Car Affect Your Credit?

Buying a car delivers plenty of thrills, but can it also help improve your credit? Auto loans can positively or negatively affect your credit, depending on whether you make your payments on time and repay the loan in full as agreed. Experian’s State of the Automotive Finance Market for the second quarter of 2023 reports

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Does Credit Card Debt Affect a Car Loan?

Does Credit Card Debt Affect a Car Loan?

When you’re shopping for a car loan, you’ll want to figure out how much car you can afford, how much money you can put toward a down payment and the monthly payment amount you’re willing to pay. You also shouldn’t overlook the role that your credit card debt can play. Lenders consider your existing debt

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How Many Times Can You Refinance a Car Loan?

How Many Times Can You Refinance a Car Loan?

There are several reasons to consider refinancing your car loan, but once you’ve done it, you may wonder whether you can do it again. You can refinance a car loan as many times as you want—there’s no set limit. That said, refinancing your car loan multiple times can have some negative consequences for your wallet

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How to Use the Equity at the End of Your Leased Car

How to Use the Equity at the End of Your Leased Car

If you leased your car in or around 2020, there may be light at the end of your car lease. Strong used-car values can create positive equity, leaving lessees with a bit of leverage as they contemplate their next move. Although car appraisal firm Edmunds says used car values are softening in 2023, prices remain

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What to Do if You’re Denied a Car Loan

What to Do if You’re Denied a Car Loan

Millions of Americans buy cars every year, and many of those buyers take out auto loans to pay for these purchases. Not every would-be car buyer can easily qualify for a car loan, however. Perhaps their credit score is too low or their amount of debt is too high. But don’t despair if you’re having

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What Credit Score Do I Need for an Auto Loan?

There’s no set minimum credit score required to get an auto loan. It’s possible to get approved for an auto loan with just about any credit score, but the better your credit history, the bigger your chances of getting approved with favorable terms. Here’s what you need to know about how your credit score affects

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Vehicle History Report Scams and How to Avoid Them

Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com. The article Vehicle History Report Scams and How to Avoid Them originally appeared on NerdWallet. https://www.nerdwallet.com/article/loans/auto-loans/vehicle-history-report-scams #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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