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A 2023 report from Moody's Investors Service indicates that new auto loan delinquencies are on the rise. In the second quarter of 2023, the delinquency rate for new auto loans climbed to 7.3%, up ...
5. Refinance, but Exercise Caution. If you had a poor credit score when you bought your car and opted for a seven-year loan to keep payments low, it might make sense to refinance. Perhaps you’re ...
The average monthly car payment is now $554 for new cars and $391 for used cars. If you own more than one vehicle, those payments add up quickly. When you pay cash, you don’t have to worry about ...
Texas, as it was last year, is in a league of its own, with 6.9% of borrowing drivers paying $1,000 or more monthly for each car with a loan. That's a full percentage point more than the next ...
Hyundai Motors developed 'Car Pay' as an in-car payment system platform and first installed it on the Genesis GV80, released on January 15, 2020. Since then, it has been a basic option in vehicles such as the 7th generation All-New Avante, which was released on April 7, 2020, and more. Car pay can be paid by touching the navigation screen when ...
Benefits of using a home equity loan to pay off a car loan. Flexible terms: Home equity loans generally have longer lifespans than auto loans. Home equity loan terms range from 5 to 30 years while ...
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