Smarter Auto Financing

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The Right Down Payment Amount

Financial experts from Edmunds to Consumer Reports traditionally recommend a 20% down payment amount because:

A significant down payment lowers your monthly payments considerably over putting 7%, 6%, or zero down.
A new vehicle generally depreciates by 20% in the first year.  By putting down 20% upfront, you effectively cover this depreciation, ensuring that you don’t become [...]

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Budgeting for a New Car – How Much to Spend?

Experts say time and again that it’s easy to spend too much when you buy a new or used vehicle.  They call this “overbuying.”
But that begs the question:  how much should I spend on a new car?
Well, the trusted financial advisers at Consumer Reports recommend that your monthly payments toward all of your debts should [...]

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Credit Scoring Facts You Should Know

In a previous post, we talked about credit myths.  In this article, we would like to outline a few credit scoring facts, truths, and good things to know.

Fact:  Inaccuracies Can Appear on your Credit Report. This is why many consumers choose to use a monitoring service.  Inaccuracies can come from credit fraud, identity theft, or [...]

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Bad Credit Financing Myths

When it comes to bad credit auto financing, and credit scoring in general, there is a lot of hearsay and armchair opinion-making out there.  We know how hard it can be to find the hard facts amid the hype, so we’ve put together this article to address some of the common myths.
Myths about Auto Loans [...]

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