More Americans are struggling to make their car payments on time. The numbers, while still low, are definitely on the rise. According to the latest State of the Automotive Finance Market report from Experian Automotive: 60-day loan delinquencies in the second quarter of 2014 increased by 7 percent (from 0.58 to 0.62 percent) from the

More and more people are coming to realize the benefits of buying a used car. If you’ve decided the same, you have definitely made a smart decision. The fact of the matter is you can purchase a car that is almost as good as a brand-new one and save up to 50% off the original

The decision to buy a new car will probably be one of the most important financial milestones in your life. In addition to the investment of money, you will spend a great deal of time looking for the right vehicle that caters to your needs. Similarly, you also need to spend time when looking for

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

“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