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What credit score do you need for an auto loan

What Credit Score Do You Need for an Auto Loan?

People usually label cars as expensive, but little do they know that their credit score determines the final price they will be paying. To purchase a vehicle, you must take out an auto loan. The interest can add additional dollars to your total vehicle price. Do you know what’s interesting? Your credit score is responsible… Read More »

factors that affect auto refinancing

4 Factors That Affect Auto Refinancing

If it’s been a while since you have taken out your car loan, then there is a possibility that many things have changed. Have you managed to better your credit score or lower your DTI (debt-to-income) ratio? If yes, then outstanding! Now, you will be able to refinance your auto loan and save up! Besides,… Read More »

Auto Refinancing During Covid

Auto Refinancing During Covid

Without any doubt, Covid-19 has influenced every aspect of our lives, including auto refinancing. It has drastically affected how we live, work, play, hang out, and spend our free time. In addition, it has also impacted our budgets and schedules. When we adapt to this change, we find alternatives to control our basic choices.  After… Read More »

When To Refinance a Car and When to Wait

When To Refinance a Car and When to Wait?

It is no doubt that last year, the pandemic gave us a hard time purchasing a new car. Due to the unfortunate circumstances and chip shortage, the new car supply has dropped significantly. Therefore, the demand for vehicles has skyrocketed, just like the prices. However, people continued their car shopping without being affected. Studies show… Read More »

When Is The Right Time To Refinance

When Is The Right Time To Refinance?

Even if you already know about how to refinance and what is auto loan refinancing, there is always a complicated question that remains unanswered: When is the right time to refinance? But our answer is quite simple: Refinance right away! Here is why you should look into refinancing today.  Interest rates have hit rock bottom… Read More »

Things to Know Before Applying For Car Loan

5 Things to Know Before Applying For Car Loan

We all know that when purchasing a car, it’s ideal to pay in cash, whether you pick up a brand new one from the car dealer or get a preowned vehicle from a friend. It is a fact that auto loans help us a lot, just like our fours wheeler does! But before buying the… Read More »

How and Where to Refinance Your Auto Loan

How and Where to Refinance Your Auto Loan?

Previously, we have gone over the benefits and drawbacks of refinancing your auto loan. We have also discussed when is the right time to refinance your car loan. But now, in this blog, we will explain how and where to refinance your auto loan. We will also go over the requirements of refinancing. Let’s take… Read More »

Why and When to Refinance Your Auto Loan

Why and When to Refinance Your Auto Loan?

Undoubtedly, many of us end up with undesirable auto loans because of many unfavorable situations. Besides, people also tend to pay higher interest rates at the beginning of their financial journey because the lender wants proof of their credibility. After all, first-timers have a “thin” credit file that doesn’t give enough information on their credit… Read More »

upside down in your car loan

Are You Upside Down In Your Car Loan?

Are you upside down in your car loan? Wait, before getting into further details, first, let’s discuss what does the phrase “upside-down” or “underwater” means when talking about auto loan refinancing? This situation occurs when the loan borrower owes more money than the actual worth of their vehicle.  For example, in the case of a… Read More »