Should You Travel with a Baby?

Whether you need to travel for business or pleasure, is it really a good idea to travel with your new baby? As a new parent you have a bigger responsibility to think about than just yourself. Your new baby can not look out for itself and relies on your to take care of their needs. […]

Do All Dealerships Offer Leasing?

The vast majority of new car dealers offer lease programs, but not all. Since used cars cannot usually be leased, few used car exclusive dealership can offer a lease of any type. You may want to consider if leasing a car is a better idea than buying one before you search out a dealership. To […]

What Does WAC Mean When Buying a Car?

When automobile dealerships advertise a low interest, it is always followed with WAC or some very similar term. With that so prominently displayed, many potential borrowers wonder what it means. WAC means ”with approved credit.” It is the legalese way of saying that you may not be approved for the advertised interest rate. Which Buyers […]

What Does POA Mean When Buying a Car?

When you are buying a car you may see many terms mentioned in an ad. One of those terms can be POA, leading many to ask ”what does POA mean?” The two most common definitions of POA are ”price on application” and power of attorney, though power of attorney is uncommon. Price on Application Many […]

What Does OBO Mean When Buying a Car?

When shopping for a car, you may see a price followed by OBO, especially when looking at cars offered by private sellers. When buying a car, OBO means ”or best offer”, signaling that the seller is willing to negotiate a lower price. A common tactic when selling a car is to price the vehicle at […]

Car Loans for Unemployed College Students – Possible?

It’s tough to get a car loan if you’re in college, and doubly tough if you’re unemployed. The main reason you may have difficulty is that all lenders are bound to ask one simple question:  how are you going to make the monthly payments? Lenders are in the business of making profits, so you can […]

Auto Loans With 570 Credit Score

Getting an auto loan with a 570 credit score can be a little tricky, but it is still possible. Large national banks and many credit unions are out of the question, but you still have several options to explore. Let’s have a look at a few of them and the how much an auto loan […]

Bad Drivers What? Less Than Half as Many Women Die Driving Than Men

The good news? Cars are getting safer every year. The bad news? It’s men who are causing most of the fatal accidents, according to the National Highway Traffic Safety Administration. Recent analysis of available estimates shows that twice as many men were killed behind the wheel than women. While this is somewhat mitigated by statistics […]

The Basics of GAP Insurance, or Guaranteed Auto Protection

What Does it Cover, What Does it Cost, Do You Need it? Guaranteed Asset (Auto) Protection, or GAP insurance, is becoming more common as the price of vehicles increase and loan terms extend. It is a very simple policy that is often misunderstood or confused with other types of coverage. So, after hearing numerous erroneous […]

Auto Finance CEOs: Longer Loans Not a Problem

Recently the 19th Annual Vehicle Finance Conference was held, and one of the topics that came up was the trend toward longer term loans. Many industry observers have assumed that this trend is being driven by the dealerships themselves persuading prospective buyers to opt for longer finance terms in order to afford more expensive vehicles. […]