For a lot of Americans, auto loan debt continues to grow. Auto loan debt crossed over the $1-trillion mark in 2015 and has risen to more than $1.1 trillion since then, according to the Federal Reserve Bank of St. Louis.
Category: Wheels on a Budget Back to blog
Both paths have their pros and cons. But the ultimate answer depends on your lifestyle and budget.
Very used cars — beaters — can save you a lot of money compared to a much newer car, even when you figure in repair costs.
When it comes to financing a new or used car, you have a lot of loan options in front of you – banks, credit unions, the auto manufacturers and personal-loan providers.
Water wreaks havoc on a vehicle’s electronics, especially with the sophisticated technology in today’s vehicles. Water damages mechanical systems as well. Insurance companies write off many flooded vehicles as a total loss because of this.
These services haven’t blanketed the country just yet. For now, they are in a handful of big cities around the country. But the idea is starting to take hold.
New and used have their advantages and disadvantages. Ultimately, the answer to which is best is: it depends.
Some of you will recognize this acronym: Jeep – Just.Empty.Every.Pocket. Love ’em. But it’s really easy to pile on the modifications for fun, value or both. With fall upon us, those…