Advice on a Lease Buyout with Rising Rates

The Fed raised interest rates again at the beginning of November, which means loan rates will increase along with it. While you might be earning more on your savings account, you'll also pay more when you borrow money. So, if you're planning to buy a car or do a lease buyout in the next 90 [...]

Why an 84 Month Auto Loan is a Bad Idea

Long-term auto loans are just one method finance companies and auto dealerships use to lower your monthly payments. Typically, the longer the term, the lower your monthly payments. Unfortunately, an 84 month auto loan ties you to a single car for at least seven years, and costs far more than you would have otherwise [...]

2021-02-18T10:39:04-04:00July 15th, 2020|Categories: Auto Loan Cat|Tags: , , , , , , |
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