Category Archives: Tips & Tricks

Pen on top of a car loan application form

What are the Benefits of Cosigning a Car?

Why You Should Consider Getting a Cosigner

If you have challenged credit, you may find it more difficult to get qualified for a car loan. Thankfully, there are ways to improve your chances, and one of them is to cosign with another person. What are the benefits of cosigning a car? Are there any drawbacks? Here, we will explain why you should consider getting a cosigner.

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Mechanic standing in a car shop while holding a tire

When Should I Get My Tires Replaced?

How to Tell When You Need New Tires on Your Vehicle

Regardless of how often you drive your vehicle, your tires will need to get replaced at some point. However, it’s not always obvious when you should get your tires replaced. How much tread should I watch for? What is the recommended amount of time I can go? If I don’t drive my car, can I go even longer without replacing the tires? Here, we will discuss when you should get your tires replaced.

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Coins stacked next to each other by a coin jar with a graduation cap on top

Can a Full-Time Student Get a Car Loan?

Ways Students Can More Easily Get Qualified for an Auto Loan

Students typically face a lot of challenges when shopping for a car. These young adults typically have little or no credit history. Also, many students don’t have jobs as they are studying for school full-time. Will this student pay on time? Can this student afford the car in the first place? Due to these risks from the lenders’ perspectives, students are likely going to have more difficulty qualifying for a car loan. Full-time students can get a car loan, however, if the proper effort is taken to minimize those financial risks for the lenders. Here are a few ways you can more easily get qualified for an auto loan as a student.

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Person handing a car salesman money for a car

How Much Should I Put Down for a Car?

Pros and Cons of Large and Small Down Payments

You may have found the perfect car for your needs and comfort. Perhaps you even got qualified for a car loan. As you close the deal, the question of how much you want to leave as a down payment is raised. How much should you put down for a car? Ideally, you’d want to put down around 20% of the purchase price. What if you have more than 20% of the cash saved? What if you have less? Here, we will explore the pros and cons of making large and small down payments.

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