Shawn Ryder

JANUARY 17, 2025

.” This situation can transpire when you owe more on your car loan than your vehicle is worth, which often becomes a concern for car owners and potential buyers alike. These losses can sometimes outpace the rate at which car owners pay down their loan balances. Should You Use Your Down Payment to Cover Negative Equity?

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3 Brothers Autosale

DECEMBER 20, 2023

Considering the importance of good credit auto financing, let’s look at some valuable insights and tips for used car buyers looking to make a smart investment. This not only makes your monthly payments more manageable but also ensures that a significant portion of your payment goes towards reducing the principal amount.

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Shawn Ryder

JANUARY 18, 2025

When it comes to purchasing a vehicle, many potential buyers consider financing options. The loan is secured by the vehicle itself, meaning if the borrower fails to make payments, the lender can repossess the car. This collaboration can lead to promotional financing offers, such as 0% interest deals for qualified buyers.

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Shawn Ryder

JANUARY 22, 2025

Understanding APR: What You Need to Know The Annual Percentage Rate (APR) represents the total cost of borrowing and is expressed as a percentage of the loans principal amount. However, as a general guideline: Well-qualified buyers may see APRs ranging from 3% to 6% for used vehicles.

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Shawn Ryder

JANUARY 19, 2024

Whether you are a car buyer, seller, or even a dealership, understanding vehicle equity can be helpful in making informed decisions. This includes the principal amount borrowed, interest, and fees that need to be paid back to the lender. Vehicle equity is crucial for both buyers and sellers. What is Vehicle Equity?

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Davey Auto Sales

JANUARY 27, 2025

The most common elements are a combination of Borrowers credit history Borrowers credit score Loan amount Length of the loan People with a low credit score or a history of missed payments will likely be charged a higher interest rate. Principal – The amount of money that a borrower agrees to pay back.

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