What’s an Upside Down Car Loan?

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Simply put, an upside down car loan happens when you owe more on a vehicle than it’s worth. Cars depreciate a lot during the first three years of ownership. If you don’t make a fairly large down payment when you buy a new vehicle, it’s not unusual to owe more money than a car is… Read more »

Should I Get a 7 Year Car Loan?

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7 Is the New 5 Not that long ago, when you borrowed money to buy a car, the standard term was 48 months. Then it was 60 months. Now a 7 year car loan is fairly common.Some dealerships will even allow you to spread your payments out over a whopping 96 months or longer. While it might be tempting… Read more »

Should I Buy or Lease a Vehicle?

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  Buy or Lease – I don’t know what to Do! Shopping for a new vehicle can be a lot of fun – so fun in fact that many people go through the whole process every two or three years or so. Unless you know exactly what vehicle you want or need, there are tons of decisions… Read more »