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There are essentially two ways to buy a car. You can pay cash, or if you don’t have the necessary cash, you can get a loan. Actually there’s another way — leasing — that we won’t discuss here, but is discussed in a number of other articles on this web site. When you get a […]

Many car companies offer special lease deals on selected models and styles each month. Some are very affordable at less than $200 a month. This month, we list over 50 leases for $199 or less. The list gets larger every month as car manufacturers increasingly work to attract new customers by offering low monthly car costs. […]

Car Scams by Individuals and Dealers Thousands of car sales and purchases take place every day in this country. Not all of them are legitimate and are outright scams. Here are some of the most common car scams today. The Online Car Seller Scam This scam starts with a potential buyer looking for cars for […]

Uninformed automotive consumers often confuse car leasing and car renting. They sometimes think the two are the same. They would be very wrong. The confusion is somewhat understandable because of the similarity of terms to that of apartment leasing and renting. Many of us can remember our parents telling us that renting or leasing an […]

Car manufacturers are constantly offering low-interest loans and other incentives to help sell cars. With “normal” interest rates around 3.0% at the time of this writing, it’s not much of a stretch for car companies to offer 1.9%, 0.9%, or even 0% loan rates. A zero-percent (0%) loan means no interest at all — no finance […]

You, the car buyer, wish to purchase a car but you don’t have the necessary cash. You need a car loan. A bank or credit union can provide you the loan you need, or your car dealer can arrange the loan for you with a bank or finance company that he works with. Understand that […]

Car notes, or car loan payments, are the monthly payments made after a car is purchased with a loan from a bank, credit union, or finance company. Some dealers provide financing directly, in which case car notes are made directly to the dealer, but in most cases dealers simply arrange financing with a bank or […]

How to use a Lease vs Buy Calculator When you use a Lease vs Buy Calculator such as the one at LeaseGuide.com, you should understand how it works and how to get the results you want. Car leasing is a little different than buying a car with a loan. The language is different, the process […]

Preparing a teen for their driver’s license is both exciting and frightening. The freedom of driving is exhilarating, but the dangers are real. Car insurance for teen drivers is significantly more expensive than it is for more experienced adults — for good reasons. Inexperience and unsafe driving can lead to accidents, and accidents, even minor […]

Are certified used cars good deals or not for first car buyers? Many car dealers sell “certified” pre-owned cars. How are these cars different from other used cars? Are they more expensive? Are they worth considering as a first car? Most major automobile manufacturer’s dealers now offer “certified” used cars. A certified car has been […]

New Car, First Car If you’ve decided that your first car will be a brand new car, there are things you need to know about the buying and financing process that makes it different from buying a used car. New cars – only from dealers All new cars must  be purchased from state-licensed and manufacturer-authorized […]

Your First Car – Making Your Decision Most of us get our first car as teenagers. It’s the car we’ll always remember. Let’s take a look at some of the important questions you’ll want to consider when deciding about what you’ll buy as your first car, how you’ll pay for it, and how to go about […]

We hear the question all the time, “Where can I find a good cheap reliable car?” The people who ask this question obviously have limited funds but are looking for the best car that can be purchased with the least amount of money. Unfortunately, finding a car that’s inexpensive AND good AND reliable can be […]

Is it possible to sell a car if you are still making loan payments and the loan is not yet paid off? This is a very common question with car buyers and owners. The answer is yes, you can sell the car, but you must get enough money in the sale to pay off your […]

Car buyers are being cheated every day by a common scam that is usually associated with Craigslist, as well as other online car-for-sale web sites. Craigslist even posts warnings on their site about it but many buyers are so focused on the “deal of a lifetime” they’ve found that they don’t read the warnings. It […]

If you’re looking to lease a car and find a great deal, is it really a great deal? Actually, it’s not easy to tell by simply looking at the numbers. Sure, the payment seems low, especially when compared to a loan payment for the same car, but is the payment higher than it should be? Has […]

Who needs a co-signer for a car loan? How does it work? New or first-time car buyers are often surprised at being turned down for a car loan because they have no credit history, which unfortunately has about the same effect as having bad credit. Getting a co-signer might be the answer. Lenders want to […]

About principal and interest If you purchase a new or used car with a loan, you agree to pay off the loan amount (principal) over a specified number of months. But you also agree to pay a finance charge, or interest, for the privilege of using the bank’s (or finance company’s) money for your purchase. […]

How much down payment do I need for my car loan? Until recent times, it was standard for car dealers and finance companies to require at least 20% down payment on the purchase of a car. It was for a good reason. Because cars depreciate in value from the moment they are driven off a […]

For teens and young adults, buying that first car can be an overwhelming experience. There just seems to be so much you need to know in order to make the right decision and not make huge mistakes. It’s true that buying a car— any car — can seem a bit complex at first, but if you […]