In a world full of information that’s available in the blink of an eye, it can be very overwhelming to understand what is considered good interest rates for various loans. Personal, student, auto, home, and even savings accounts have different...
A common misconception about auto refinancing is that it is similar to home refinancing in complexity and requirements. In fact, it is much simpler and less time consuming. Here’s what you need to know about auto refinancing and how to determine whether it could help you save.
Whether it’s a mortgage, a student loan, a car loan — or the good (bad) old credit card debt, most Americans at some point in their lives borrow. And when that time comes for you, it pays off — literally — to understand how much that debt truly costs you. That means you shouldn’t just look at your monthly payment or the original amount you’ve borrowed.
In the market for a car? In a perfect world, you’d walk into the dealership with a briefcase full of cash (OK, a check would do, too) and purchase your new set of wheels right then and there. In the real world, of course, most folks find saving that much money next to impossible — and head to the bank or dealership’s financing arm to get a loan.