No Payment? Car Stops Working!

If you have to get a vehicle with a starter interrupt device installed, you need to remember to pay on-time because your car could stop working at any moment.

I Can’t Make My Payment - Can I Keep My Car?

When you finance a vehicle you have certain rights, but so does the financial institution who gave you the loan. When you stop making your monthly payments, the financial institution may start the repossession process.
When this happens, a repossession company can come collect your vehicle from your property or wherever the car is parked. They [...]

Don’t make enough money for a car loan?

Lenders have found a direct correlation between monthly income and loan performance. Seems to make sense. The more money you make, the more money you have to make your payments. Granted, it does not necesarrily mean that people who make more money pay their bills on time, or manage their money well. However, the first [...]

Cheap Cars, Expensive Problems.

I’ve talked with a few clients in the last month who bought vehicles from a dealer who went out of business shortly after the sale.  This used car lot was new in town and attracted these clients with the image of a good deal.  “[The new guy] had some good deals and was easy to [...]

Do I have three days to change my mind about buying a car?

I bought a car, and I have changed my mind. I do not want it anymore. Can I get out of the contract?

GAP Coverage Explained - Don’t Get Caught Owing $$$$

GAP has saved thousands of Americans Millions of dollars, but what is GAP and how does Gap Coverage Work?

Re-establishing Your Credit After Bankruptcy

Reestablish your credit after bankruptcy. An auto loan may be the fastest way to reestablish your credit after bankruptcy.

Banks Stop Lending on Trucks and SUVs

Several “sub-prime” or “secondary” auto lenders recently change their lending guidelines to reflect current market conditions. When gas got up to $3.00/gallon, consumers barely flinched. Maybe because they could see it coming for a while. Once gas hit $4.00 to $5.00/gallon it changed the way people thought about their cars, their lifestyle, and their budget.

Trucks and SUVs Handcuff Normal Americans

Trucks and SUVs get horrible gas mileage. Americans are paying the price.

Trade in Your Car with Negative Equity

Trade in your car with negative equity. These tips could help you get out of your upside down auto loan.