Deciding when to refinance your car loan can be a big decision. There are several factors to consider when it comes to the timing of a refinance and your situation. We’re here to help you understand how to refinance and then review what situations make refinancing a great option for you take advantage of.
2 min read
6 Reasons to Consider a Car Loan from a Credit Union
Choosing a financial institution to finance your car loan can be a difficult decision. While it’s important to find a good interest rate, it’s also very important to find a financial institution that works for you. We’re here to offer 6 reasons why you may want to consider choosing a credit union for your next auto loan.
Topics: Auto Loan
3 min read
How To Calculate Auto Loan Interest
What is an interest rate?
Let’s start first with the basics of understanding what an interest rate is. The interest rate is the rate at which a lender will charge for you to borrow the funds from them. This rate is a percentage of the loan amount, so the amount you pay in interest will be based off the principal balance of the loan.
