According to the U.S. Department of Education, we are facing $1.096 trillion in outstanding student loan debt in 2014. This number has doubled since 2007 alone. This just indicates we are in the midst of a student loan crisis. Education has its importance, but the cost is becoming prohibitive for many. It’s a catch-22. You [...]
If you are in the market for auto loan refinancing then here’s some potential good news: used car prices are predicted to fall during the remainder of 2014. This is due to increasing new car sales which puts the pressure on used car dealers to drop prices. Let’s see how all this might affect auto [...]
Today’s economy is tough, and it pays to look for ways to reduce your debt burden. Let’s look at how auto refinance and other methods can help you pay off your car loan faster. Auto Refinance When you refinance your auto loan, you trade your current loan for one with lower interest. This can either [...]
Every car loan has an interest rate attached to it. There are many factors, like your credit score, that determine car refinance rates. There are some influences, however, that you might not know about. Let’s find out more. Supply And Demand Demand actually comes in two forms: demand for a particular car model and demand [...]
You automobile is one of the most expensive items in your budget. There are many ways to save on monthly car expenses, sometimes even up to hundreds of dollars a month. Let’s find out how. Big Ticket Items Look for the big savings opportunities first. For example, if you are carrying an auto loan with [...]
If you thinking about auto loan refinance, you might want to know if the interest you pay on the new loan is tax deductible. Refinancing alone does not give you a tax break, but if your car is used for work you might be able to take a tax deduction. Let’s look at when it [...]
Everyone likes to save money, and in some cases refinancing your car loan can save you thousands of dollars. But, some people hesitate to consider auto refinancing because they think it will affect their credit score. Applying for new credit of any kind may lower your credit score, but usually not by very much. Most [...]
If you decide to refinance car loan agreements, you should be aware that your auto insurance premium might be affected by the process. In some case, this can actually save you money. Let’s see exactly how this works. Factors That Affect Your Auto Insurance Premium In order to understand the effect of refinancing on car [...]
Auto refinancing can save you money, but often there are some fees involved. Even though refinancing may reduce your monthly car payments, it is important to be aware of all the costs associated with the refinancing process. Early Termination Fee When you refinance your car or truck loan, you are basically exchanging one loan for [...]
If you have a car or truck loan, you might be considering refinancing. Before you move ahead, there are some things you may first wish to consider. What Is Refinancing? When you take out a car or truck loan, the company that receives your payments is the owner of the loan. Lenders compete all the [...]
