Do You Need a New Car Loan at a Lower Interest Rate? One of the worst things that a person can do when trying to save money is to take out a brand-new car loan. Depending upon the time of the year, you could end up paying more per month for your car payment than you do for your rent or mortgage. Here are a few things to consider when looking for different auto funding. You are a young driver, odds are ...

Explanation of What Gap Insurance is For Auto Loans When you go to close on your auto loan one of the optional products that your loan officer may offer to you is GAP insurance. Sometimes called "Guaranteed Asset Protection" or "Debt Cancellation Agreement" GAP insurance can be added to your loan to help offset any future liability in the event of a total loss of your vehicle. Here is a general outline of how it works. 1) WHAT IT IS- Simply put. ...