One of the most powerful tools when it comes to buying a new or pre-owned vehicle is a pre-approval. With a pre-approval, you’ll have the upper-hand when it comes to negotiating with dealerships, you’ll be protected against unnecessary add-ons, and you’ll stay within your budget.
Many people turn to credit cards when financial fires need to be put out quickly. While credit cards can serve an important purpose for helping out in financial jams, they aren’t always the best options for people to consider.
Loans are useful financial tools that often make the impossible possible. For most, buying a new home or car with cash isn’t an option. Loans allow people to borrow money and repay the balance over a period of time that best fits their financial capabilities.
At some point along the way, a family member or close friend may ask you to co-sign a loan with them. While this may sound like something you’d be willing to do to help them out, you need to have all the facts in place first to understand the ramifications co-signing a loan can have on you.
As new car models for next year start showing up on dealer lots, people will be hurrying to get the latest deals and car features. Many of these people may still be paying on their current vehicles. Yet the lure of dealer incentives, affordable loan payments, and low-interest rates will cause many of them to say goodbye to their old cars and say hello to their brand new models.
When it comes to saving money, we often think of cutting back on our everyday expenses. Fewer dinners out, streaming movies instead of going out to the movies or lowering our cell phone bills. But did you know one of the best ways to free up significant funds is by looking at the loans you pay each month?
It’s no secret that rates have been hovering at record lows for the past several years - even before the pandemic hit. In fact, it’s probably been close to a decade since there’s been a significant increase in loan rates. However, that trend may soon be coming to an end.
When looking to save money, most begin by reviewing their current monthly budget and expenses. But limiting dinners out or cutting the cord on cable only nets you so much in savings. One of the most significant ways to free up extra money is by reviewing your current loans.
Let’s be honest… saving money isn’t always as easy as it sounds. You create a monthly budget and do your best to follow it, but something always pops up to throw you off track. Plus, there are only so many ways to cut back your spending.
Sometimes loans and borrowing money can have a negative connotation. The truth is that loans are powerful instruments that can drastically improve your financial standing when used properly. Whether you’re investing in yourself through higher education, purchasing a home for your family, or just need cash flow for monthly expenses, loans often make the impossible possible.
