Shawn Ryder

JANUARY 17, 2025

If you’re considering whether to apply your down payment toward covering negative equity or if you should use it for a newer vehicle, it’s essential to understand the implications of each choice. These losses can sometimes outpace the rate at which car owners pay down their loan balances.

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3 Brothers Autosale

DECEMBER 20, 2023

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. Negotiating Power for Used Car Buyers Walking into a dealership with a good credit score is like having a secret weapon in your arsenal.

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Shawn Ryder

JANUARY 18, 2025

In this blog post, we will explore the intricacies of automotive financing, including how interest is determined, what factors influence the rates, and how manufacturers and dealerships play a role in this process. The loan is secured by the vehicle itself, meaning if the borrower fails to make payments, the lender can repossess the car.

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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. Down Payment A larger down payment can also reduce your APR since it lowers the risk for the lender.

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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. If the equity is positive, it can be used as a down payment for a new car or to pay off debts.

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