By means of cosigning, parents help their offspring get the loan and establish credit in their own names.

According to the National Highway Traffic Safety Administration (NHTSA), auto accidents are still the leading cause of death for American teenagers. However, due to safer vehicles graduated license laws, the numbers have decreased 65% from 8,748 teen deaths in 1975 to 3,023 in 2011. Regardless of statistics and new vehicle safety precautions, automakers still haven’t come up with a vehicle that can drive itself when the weather gets bad, when a tire blows out or when another driver becomes distracted and wanders into your lane. Seasoned drivers rely on their experience and split-second-decision-making abilities to negotiate these perilous moments. Teens don't have that experience.

Often, parents cosign for their sons or daughters who have adequate income but a lack of credit or employment history. By cosigning, parents help their offspring get the loan and establish credit in their own names. But many borrowers, be they the cosigner or the primary borrower (also known as the maker), don’t recognize the

So you’ve decided to buy a new car. Congratulations! Now comes the decision of what to do with your old car. These steps can help you make the choice that’s right for you. Research Your Car’s True Value The first bit of research you’ll want to do is establish the current value of the vehicle you are

The automobile is an essential part of American life. Even high school students, the ink barely wet on their drivers’ licenses, often expect to have a car at their disposal. Most of us would have a hard time getting to work, doing our shopping and leading our daily lives without a car. The problem is

Manufacturers often market vehicles by offering a rebate or exceptionally low financing. Should you take the rebate or the special financing? The dealer does not give you both. For example, you have decided to purchase a vehicle for $20,000. The dealer is going to give you a rebate of $3,000 or a finance rate of

“I can’t wait to get my own car.” Sound familiar? Before you start shopping for a used car with a teenager you know, do some homework. It may save you serious money. Consider driving habits, what the car will be used for, and your budget. Research models, options, costs, repair records, safety tests, and mileage

Buying a new car is exciting. Searching for an affordable car loan is not. As a member of Wayne Westland Federal Credit Union, however, you have an advantage when it comes to finding low car loan rates. WWFCU (like other Credit Unions) is a not-for-profit institution. This means that we can “give back” to our

Buying a new car is exciting. Searching for an affordable car loan is not.  As a member of Wayne Westland Federal Credit Union, you have an advantage when it comes to finding low rates on car loans. WWFCU is a not-for-profit institution. This means that we can “give back” to our members by offering you

No doubt about it – when it comes to high stress, buying a car is right up there with job interviews, public speaking, and root canal surgery. Under typical conditions, you, as a car buyer, are at the mercy of the dealer and the high-pressure salesman. Negotiating a price can be a challenge, particularly if