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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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Level 2 EV Charger: What It Is and Where to Find One

Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com. The article Level 2 EV Charger: What It Is and Where to Find One originally appeared on NerdWallet. https://www.nerdwallet.com/article/loans/auto-loans/level-2-charging #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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3 Ways to Save Money When Buying a Car

Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com. The article 3 Ways to Save Money When Buying a Car originally appeared on NerdWallet. https://www.nerdwallet.com/article/loans/auto-loans/save-money-buying-car #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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Should I Refinance My Car During a Recession?

Refinancing a car during a recession could be a good idea, but your personal situation will determine if auto refinancing makes sense for you. A recession — defined by the National Bureau of Economic Research as a significant decline in economic activity spread across the economy and lasting more than a few months — is…

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The New Reality: A $700 Monthly Car Payment

When average monthly new-car payments surpassed $700 in May and car prices reached record highs, many potential car buyers decided to sit on the sidelines until the market returned to normal. Six months later, normal looks further away than ever. The Federal Reserve continues to raise the federal funds rate, driving auto loan interest rates…

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What Is a Reconditioning Fee on a Used Car?

What Is a Reconditioning Fee on a Used Car?

A reconditioning fee is an added dealer charge you might find when buying a used car. It’s intended to cover any costs the dealer incurs to make sure a used car is showroom-ready, from mechanical inspections to detailing. Are reconditioning fees legal or negotiable? Reconditioning fees are legal, but that doesn’t mean you should pay…

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Why Your  Oil Change Just Cost 0

Why Your $50 Oil Change Just Cost $500

You went in for an oil change. You left with an itemized bill as long as your arm. Costly services are a reality for many car owners, especially for those who have delayed maintenance. According to insurance marketplace SmartFinancial, the cost of car parts has jumped since early 2021. Many people don’t trust their mechanics…

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When Will the Car Market Return to Normal?

Don’t expect car prices to drop significantly anytime soon. Instead, new-vehicle prices — already at record highs — will remain elevated, automotive experts say. At the same time, used-vehicle pricing should moderate as the Federal Reserve continues raising interest rates to curb inflation. Analysts are closely tracking vehicle demand, with consumer sentiment low amid signs…

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How Much Do Electric Car Batteries Cost?

When it comes to the cost of car batteries, electric vehicles take the trophy for the most expensive type. Depending on the make and model of your vehicle, a battery can run you between $4,000 and $20,000. If you own your electric vehicle long enough to need to replace the battery, this maintenance will be…

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Is a Used Electric Vehicle a Bargain or a Trap?

Is a Used Electric Vehicle a Bargain or a Trap?

You’ve probably heard the horror stories of crazy-high battery replacement costs for electric cars. Fears of battery failure, limited range and high purchase prices might make you wonder if buying a used EV is a smart decision. This answer is, it depends — it depends on the condition of the EV you choose and how…

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Idaho, the Carolinas Lead the Country With Biggest Increase in Car Loans

Idaho, the Carolinas Lead the Country With Biggest Increase in Car Loans

Amid a pandemic, limited inventory and skyrocketing car prices, the U.S. carbuying experience has seen some major changes over the past two years. To illustrate the trends in 2022 so far, Experian looked at the changes in the number of auto loans held by U.S. consumers. Americans held a total of 80.2 million auto loans

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