Category: auto loan

Used Car Prices Soar, Highest Jump in 14 Years

February 17, 2023
auto loanBusiness & Marketseconomic policieseconomyinflationMarketsPolicies & ImpactsrecessionUSused car prices
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Used car prices have seen the largest February increase in 14 years as inflation continues to drive consumer prices. Wholesale used-vehicle prices increased 4.1 percent from January through the first half of this month, signifying the largest February increase since 2009’s full-month 4.4 percent gain, according to the mid-month Manheim Used Vehicle Value Index from Cox Automotive….

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Using Home Equity Credit? What Not to Do

January 23, 2023
auto loanBrightbudgetingdebtDebt ManagementFuture PlanningHELOChome equityloanpersonal financereal estateUSUS Real Estate
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A home equity line of credit (HELOC) uses your home’s equity to finance a variable interest-rate loan. You wouldn’t have the money upfront like you would a conventional loan. Instead, you draw against your line of credit. With a HELOC, your home is your collateral. There are times a HELOC is a worthwhile mechanism. But…

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Should You Choose a Zero Percent APR Loan on a New Vehicle?

January 6, 2023
auto loanBrightbudgetingDebt Managementinterest-free loanpersonal financevehicle loanzero percent loan
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Borrowing money for nothing sounds like a good deal. Zero percent financing on a new vehicle allows you to borrow money without paying interest or bank fees. But is this a good deal, or is there a catch? What are the advantages and disadvantages? Zero Percent APR Car Loan Usually, when you take out a…

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