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Guide to Car Loans

2011 Ford MustangIf it’s time to buy a new or pre-owned car, you need to learn everything about car loans before you walk into that dealership or pre-owned car lot. In our guide to understanding how car loans work, you’ll learn things like how the dealer makes money and what the dealer won’t tell you. Learn how to finance a car, get a better interest rate or even find out how to get out of a co-signed car loan.

Is it wise to allow someone to take over the payments on your auto loan and can you sell your car if you still owe money on the vehicle? You’ll find these answers along with tips if you’re upside down on your car loan and what you should know before you buy that very first car. At Bright Hub, we have auto dealers, collectors, and plain old car enthusiasts that offer accurate information to guide you through your car loan experience.

Latest Articles on Car Loans
Need an Auto Loan? Which is Better the Bank or the Dealership?

Financing a car offers the choice of using a bank for the loan or using dealer financing. It may be a good idea to check with your bank on rates and terms before shopping for that new...

Working With Loan to Value Ratios

When reviewing a loan application, lenders have a predetermined set of factors that will impact their final decision. Factors include the credit-worthiness of the borrower, work history...

Must-Bookmark Collection of Tips on How to Buy a Car and Own a Car

They say buying a new vehicle should be considered a major investment—and it is! Very often, however, the average consumer is enticed by fast-talking salespeople or simply...

How to Use a Credit Card Responsibly

Using a credit card responsibly requires self-control, as well as knowing exactly what a credit card is and how its use affects one's credit history, thus an entire financial life...

Most Popular Articles on Car Loans
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    How to Get Out Of a Co-Signed Car Loan

    Co-signing for a family member or friend on an auto loan does make you responsible if they default on the monthly payments, but sometimes you just need to get out of a co-signed car loan. Learn how this...

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    Is the Interest Paid On a Car Loan Tax Deductible?

    Trying to figure out tax deductions can be a real headache. But paying more than your fair share can, too. For example, can the interest paid on a car loan be deducted on income tax returns? Not sure?...

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    Taking Over Payments on a Car Loan

    Do you have a friend or relative who has asked the possibility of you taking over payments on a car loan? This type of transaction can be a tricky thing so being cautious is essentially key. Jean Scheid...

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    Learning About Liquid Net Worth

    So, here we examine, "what is liquid net worth?" Think of liquid net worth as your freedom money. A growing liquid net worth gives you the flexibility to make changes in your life and enjoy...

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    Is Your Interest Calculated with the Formula for Simple Interest

    Interest calculation on loans can be a tricky business depending on the type of loan you have. Many of us believe that all loans are calculated based upon the simple interest (SI) formula. This...

More About Car Loans
How to Get Out Of a Co-Signed Car Loan

Co-signing for a family member or friend on an auto loan does make you responsible if they default on the monthly payments, but sometimes you just need to get out of a co-signed car...

Is the Interest Paid On a Car Loan Tax Deductible?

Trying to figure out tax deductions can be a real headache. But paying more than your fair share can, too. For example, can the interest paid on a car loan be deducted on income tax...