Finance Globe

The financial decisions you make in the months leading up to your car purchase will play a big role in whether you’re approved for an auto loan and the interest rate you pay. Making the right money moves is key to a smooth car purchase. Keep only the credit cards you have.Opening new credit cards can hurt your credit score in two ways: by adding additional inquiries to your credit report and lowering your average credit age. Avoid opening...

Are you in the market for a new or used vehicle? If you aren’t making your purchase with cash, it’s time to learn more about the financing process.Although it can be intimidating to search for a car loan, there are some steps you can take to make this process more enjoyable. Here are several tips you can use to your advantage:•    Save for a down payment before making your purchase. In short, the more money you...

Regardless of your circumstances, buying a new car should be an enjoyable experience. When you take the right steps at the right time, you will end up with a set of wheels you will enjoy for many years to come.While some people show up at a dealer and choose the first car that catches their eye, others implement a more detail oriented approach.If you are in the market for a new car, here is a quick...

The thought of buying a new car is exciting, until you realize you have to negotiate with a pushy salesperson. At that point, you begin to wonder what you were thinking. Would you be better off with your old vehicle?If you are interested in buying a new car, if you don’t want to go through the hassles of negotiation, here are a few things you can do:1. Start online. Use the internet to not only find...

Unless you have an unlimited supply of money (don’t we all wish), buying a car is a big financial decision.To protect against a costly mistake, it’s essential to answer a few key questions before signing on the dotted line. Here are a few to address:1. Will you finance the purchase or pay in cash? There are benefits of both, so make sure you list out the pros and cons.If you don’t have the money to pay...

Buying a brand new car is definitely exciting. Maybe it’s knowing that you’re the first person to ever own the car. Or, knowing that you'll have a few good years before you start having major mechanical issues. Everything on a new car is clean and shiny and the new smell is unmatched. Most people who buy a brand new car do so for a certain feeling and that feeling comes at a cost. Here are three reasons a new...

As you search for a car loan, you may begin to wonder if you are taking the right approach.Many consumers don’t care how they find a loan as long as the rate is low and the lender is reputable. But here is the question: how can you guarantee that you are getting the best deal?Here are three strategies to consider as you search for a car loan:1. Call around to as many lenders as you can...

More Americans are choosing long-term auto loans, up to 84 months in some cases. That's seven years of car payments!Longer-term car loans are attractive because they allow buyers to purchase a more expensive vehicle with a lower monthly payment compared to a shorter-term loan. While a long-term car loan make it more affordable to get behind the wheel of the car of your dreams, there are several drawbacks to vehicle loans with long repayment periods.You’ll end up upside down in...

Do you require a vehicle for your company? Are you on the fence as to whether or not now is the time to buy (or lease)? If so, you are in the same position as many small business owners.Choosing a company car is easier said than done. With hundreds of options, you will find yourself faced with many questions from the start.Below are three tips for choosing the right vehicle at the right time:1. Make a...

The excitement of shopping for a new car is often overshadowed by the fear of paying too much. Not only do you need to negotiate the best deal possible, but the final price must fit into your budget.There are many steps you can take to avoid overspending on a car, including:1. Know your numbers. This means two things: the price you should pay for the car, and the amount you are comfortable working into your budget.There...