car loan with bad credit

Automotive

Car Loans With Bad Credit: How Approval and Costs Work

JohnBarnes

A low credit score can make buying a car feel like a test you have already failed. But a car loan with bad credit is not automatically out of reach. Approval depends on more than a three-digit number, and the bigger question is often whether the payments and total borrowing cost fit your budget. Understanding … Read more

taxes and fees in car financing

Automotive

Car Financing Taxes and Fees: What Gets Added to the Loan?

JohnBarnes

The price on a car’s windshield is rarely the amount you’ll pay. Once vehicle sales tax, registration, dealer charges, and optional products appear on the purchase agreement, the total can climb by thousands of dollars. If those costs enter your auto loan, you generally pay interest on them too. Understanding taxes and fees in car … Read more

how car loan interest is calculated

Automotive

How Is Car Loan Interest Calculated? Simple Examples

JohnBarnes

Car loan interest is not usually a flat charge that stays the same every month. On a typical simple interest car loan, the lender calculates interest on the principal you still owe. As that balance falls, the amount of interest accumulating generally falls too. That is why two borrowers with the same original loan amount … Read more