Narrow use of funds. Like a personal loan, a car loan is a type of installment loan, which means you are approved for a certain amount and receive the proceeds upfront to cover the costs of the car.

And one in four say they rarely, if ever, get offered money in exchange for loaning their van out to family or friends.

usually at better terms and can save you money over the life of the loan. Factors Affecting Loan Approval Securing a car loan is not just about applying; it's about presenting yourself as a ...

According to LendingTree, the average monthly car payment was a record-high $738 in the fourth quarter of 2023 (up 2.5% a year prior) and auto loan balances now stand at $1.61 trillion, second only ...

A spokesman for the brand said: “Our study has shown how many drivers have been caught out by repairs needed to their car – because when the time comes, there’s often no option but to find the money ...

A less-than-perfect credit score can be a barrier to favorable terms on financing products, including auto loans. Fortunately, even if your credit history has some blemishes (think scores below ...

The Times Money Mentor has partnered with Quotezone ... is right for you and gives you the flexibility you need. The best car loans are the ones that deliver on this. The table below shows the ...

Refinancing an auto loan can save you money and reduce your monthly car payment. Here’s a look at when to refinance and how.

Sudden, large expenses can wipe out your savings. That's why a passbook loan can come in handy—this kind of loan can help you use that money without losing it.

Though, buying a used car is an affordable option but still requires a huge sum of money. This is where used car loans come in handy. With this loan product, you can get the required funds to finance ...

Look up your auto loan payment and compare it with all of your other debt payments. If you have a larger payment on another loan or credit card, consider paying off that account instead. — Your cash ...