Finance Globe

U.S. financial and economic topics from several finance writers.

5 Tips for Buying a Car in 2021

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With 2020 finally over, it won’t be long before you turn your attention to the new year. This means many things, including a focus on your finances. For some, buying a car in 2021 is one of the biggest decisions they will make. If you find yourself in this position, here are five tips you absolutely need to follow (you can get started today): Set a Budget Although you may not be purchasing right away, don’t...
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Don't Buy a New Car Until you Answer these Financial Questions

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Has the thought of buying a new car overcome your mind? Are you ready to make a deal happen? While you don’t want to kill your excitement, it is important to first consider what you are doing from a financial point of view. Here are three financial questions to answer before signing on the dotted line: 1: Would you be better off purchasing a used vehicle? This is a question many people struggle to answer. The...
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What are the Benefits of Buying a Car Online

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In today’s day and age, you can purchase pretty much anything online. From groceries to construction supplies, there’s no reason to leave your home when it comes time to shop and make a purchase. A growing number of people have come to find that buying a car online is one of the most enjoyable ways to get a new set of wheels. Although the entire process is not typically completed via the internet, you can definitely...
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Frank
One of my good friends purchased a car online and had only positive things to say about it. The next time I buy a car, I am going ... Read More
Wednesday, 26 July 2017 13:36
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How Much Should You Spend on a New Car?

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According to analysts at Kelley Blue Book, the average transaction price for light vehicles in the United States is hovering around $37,500. Even if you’re willing to spend this much on a new car – or more – it doesn’t mean you should make a foolish financial decision. There are various factors to consider when answering the question of how much you should spend on a new car. Here are a few things to keep in...
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Wanderer
Certainly is a lot to consider when buying a new or pre-owned vehicle. Noticed people commenting about taking 72 month or 84 month... Read More
Saturday, 10 August 2019 07:05
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Buying a New Car? Questions for the Finance Manager

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If you find yourself in the market for a new car, it won’t be long before you’re sitting face to face with the finance manager (unless you’re paying with cash, of course). Reaching this point means you have found your next vehicle and are ready to finalize the purchase. As you make your way through the process, here are some of the more important questions to ask: What is the total amount financed? While the monthly...
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Pinky
We bought a new Chevy in 2004. We opted for the diesel Cruz for the mileage benefits but wondered about maintenance and repair of... Read More
Saturday, 22 July 2017 15:47
Frank
When I purchased my car, I used a 3rd party finance loan as I got a much better deal. I knew the rates prior to going in.
Wednesday, 20 December 2017 17:19
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What You can do About a High Car Payment

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Have you come to find that your car payment is entirely too high? Is this having a negative impact on your budget and finances as a whole? Are you hoping to make a change? It’s extremely common to bite off more than you can chew when purchasing a vehicle. You get so excited about pulling the trigger that you overlook the impact your new payment will have on your financial situation. If you find yourself in...
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Frank
Cars never hold their value. I usually recommend to try and ride it out, but refinancing is sometimes an option for certain situat... Read More
Wednesday, 20 December 2017 17:45
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Can You Really Afford That New Car?

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It’s new, it’s shiny, and it has that new car smell. What more could you want? As tempting as it may be to purchase a new car, don’t go down this path until you’re 100 percent sure that it’s the right financial move. When shopping for a new car, it’s easy to pay attention to nothing more than the sticker price and the deal you negotiate. However, there are many other costs associated with this purchase,...
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6 Things to Know Before You Buy a Car With Bad Credit

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There are plenty of companies that have no reservations about taking advantages of vulnerable consumers - like people buying a car with bad credit. If you're trying to buy a car and you don't have the best credit score, realize that your credit makes you a risky borrower, even if you can afford to purchase the vehicle. Here's what you should know as you're shopping around. You'll have a higher interest rate. The cost of borrowing money is directly...
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Wanderer
This is a reality check. What is real in auto loan refi's.
Saturday, 13 July 2019 03:20
Frank
Test
Monday, 26 August 2019 13:30
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Should You Refinance Your Car Loan?

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Before you decide to refinance your car loan, it’s important to determine if you’ll benefit as a result. If everything checks out in your favor, it’s time to contact three to five lenders to learn more about your options and the best way to proceed. If you’re on the fence, here are several benefits of refinancing: •    Lower interest rate: This is one of the top reasons to refinance, as a lower rate saves you money...
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Frank
I always recommend to purchase a car without financing (if you are able to). The interest rates are just too high in my opinion.... Read More
Monday, 26 August 2019 13:33
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What Should You Look for in a Car Loan?

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Buying a car is supposed to be fun. Unfortunately, your good time can be spoiled if you run into challenges when searching for a loan. On the plus side, there are thousands of lenders across the country offering car loans. From small community banks to national lenders to credit unions, your options are nearly endless. With so many options, you must carefully consider the finer details of each lender and loan that’s available to you. Here...
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