What you will need to know about financing a vehicle purchase
How much car can you afford to buy? Financial experts will say you can afford as much as suggested by the 20/4/10 rule – 20 percent down, four years of financing, and no more than 10 percent of your gross…
Upside down. It’s a position you usually want to avoid. Especially if we’re talking about upside down car financing for a vehicle on which you’ll be making monthly payments for some time to come. Upside down car financing means you…
Don’t wait. It’s not usually the best choice if you expect to miss a car payment. Like all lenders or other creditors, Santander Consumer USA (SC) expects borrowers to make regular monthly payments and keep their accounts current. It’s just…
Smart move. Getting your credit reports from the major bureaus puts you in a position to set reasonable expectations when you apply for financing on a vehicle. And to take advantage of the opportunity to positively influence your credit score….
Amortization? The word itself can create an uncertain feeling. But the more you understand amortization, the less intimidating it is and the more realistic you can be in getting and paying off – amortizing – your vehicle financing. Amortization happens over…
STORY HIGHLIGHTS Knowledge is power How to shop for your auto loan Obtaining the best financing What to negotiate for best deal How not to dread paperwork Know before you owe. That’s the overall advice of the U.S. Consumer Financial…