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Are longer term auto loans a good idea?

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Are longer term auto loans a good idea?

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We are seeing more queries than ever for longer term auto loans. Loan terms of 72 or 84 months are becoming increasingly popular. But are longer term auto loans a good idea? As cars get more expensive and we accrue more monthly outgoings, we are increasingly looking to reduce our monthly payments wherever possible. One […]

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My car loan application was rejected, what now?

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The title says it all really. This is a situation we see often when buyers apply for loans on the internet without proper preparation. It’s a tough situation to find yourself in but it isn’t irreversible. So what can you do if your car loan application is rejected? Car loan rejection reasons Most lenders will […]

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What is cash-out car loan refinancing and is it a good idea?

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Regular readers of this blog will know that I like to take customer questions and address them to a wider audience here. This week is no different but includes a question I haven’t heard before. Namely, what is cash-out car loan refinancing and is it a good idea? As the name suggests, this is loan […]

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Pros and cons of an 84 month car loan

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Apparently, 84 month or 7 year auto loans are becoming increasingly popular with the buying public. That seems a very long time to service a car loan and while there are some benefits, such a long term may not work for everyone. As with any financial decision, getting a car loan deserves careful thought and […]

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