Tag: auto loan

The steep price Americans are paying for new cars and trucks

The steep price Americans are paying for new cars and trucks

Average Americans can no longer afford to purchase the average new car or truck, according to a new study by Interest.com. “That’s the sobering result of Interest.com’s 2014 Car Affordability Study, which determined how much the typical household in the…

J.D. Power: Long-term loans, leasing gaining popularity among car shoppers

J.D. Power: Long-term loans, leasing gaining popularity among car shoppers

Long-term auto loans and leasing hit record levels in February, according to a J.D. Power analysis of last month’s new-vehicle transactions. “Longer loan terms, coupled with the current low-interest-rate environment, increases the affordability of new vehicles for consumers,” said Thomas…

Auto loans their highest in five years, Equifax reports

Auto loans their highest in five years, Equifax reports

Outstanding auto loans ($859.6 billion) and the total number of existing loans (62.3 million) in December were the highest in more than five years, according to the latest Equifax National Consumer Credit Trends Report. That means automobile lending “continues to…

How to improve your credit score in five steps – or more

How to improve your credit score in five steps – or more

The following post originally appeared on our RoadLoans blog, The Open Road. Credit score. They are two of the most nerve-wracking words in the language to many consumers. It’s no secret that your credit score may have a dramatic effect on car…

Keeping up to speed with U.S. used car owners

Keeping up to speed with U.S. used car owners

The following post originally appeared on our RoadLoans blog, The Open Road. Our family’s well-used car is about 13 years old, with 128,000 miles on the odometer. But instead of being out of step, it seems we are just about in line…