Welcome to Your New Go-To Destination for Financial Knowledge
Designed to be your compass, providing expert insights, success stories, and tips to
navigate the intricate landscape of auto loans.
Choosing the Right Car Loan Term: Balancing Monthly Payments and Total Costs
When you buy a car using a loan, one of the decisions you'll need to make is how long you want to take to pay back the loan. This period is called the term of the loan. The length of...
Two Direct Deposit Payments Coming End of February: What You Need to Know
In the United States, people who get money from Social Security will see two special money deposits in their bank accounts during the last week of February. Social Security gives these payments to ...
What You Need to Know About Green Auto Loans
Green auto loans are special types of financing aimed at helping you buy eco-friendly cars, like electric vehicles (EVs) or hybrid cars. These loans come with perks such as lower interest rates or longer periods to pay back the l...
Why Some Electric Vehicle Buyers Didn’t Get Their Tax Credits This Year
When Kristina Meier bought her plug-in electric minivan last September, she thought claiming the $7,500 federal tax credit would be straightforward. Despite carefully reading all the IRS docu...
Thinking of Buying an Electric Car? Act Fast Before Tax Credits End
If you’re considering buying an electric car, now is a good time to act. The federal government’s tax credit for electric vehicles (EVs) will end on September 30, 2025. Until then, you can sa...
Auto Loan Interest Tax Deduction: What You Need to Know
Buying a new car can be expensive, but there’s some good news for future buyers. Starting in 2025 and through 2028, you may be able to deduct up to $10,000 a year in interest paid on certain new car loans when fi...
Exploring Alternatives to Auto Loan Relief: Selling or Trading In Your Vehicle
In light of financial challenges, individuals grappling with unmanageable auto loan payments may find it beneficial to explore alternative solutions. Selling or trading in their vehicle can serv...
Car Affordability on the Rise as Loan Rates Drop
In a welcome turn for prospective car buyers, new vehicles are becoming more affordable, largely due to a notable drop in auto loan interest rates. According to the latest data from the Cox Automotive/Moody’s Analytics ...
What You Need to Know About Car Payment Breaks
Taking a break from your car payment might seem like a relief when times get tough, but it could end up costing you more in the long run. Many people find themselves struggling to pay back their car loans, contributing...
