Car Loan FAQs


There’s good debt and then there’s bad debt. Learn the difference between the two and find out how to take control of the bad debt that’s plaguing your bank account. GOBankingRates provides expert advice on paying it off for good.

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Personal Loans

You can take out a personal loan for just about anything, but that doesn’t mean that you should. Find out if this is the best choice for your financial situation and create a payoff plan before you borrow.

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Ways to Save Money

Follow these expert tips to save more money than ever. Learn how building your savings can change your life and finances for the better. Get started today. Your future self will thank you.

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Interest Rates

Sometimes you want a high interest rate; sometimes you want a low interest rate. Find out when you can make interest rates work for you — such as in a high-yield savings account — and know when to be cautious of APRs.

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Understanding Car Loans

Whether you're buying your first car or getting another one, you can never have too much information about the car-loan process. A car loan is a financial commitment that can last as long as five or six years, so it's important to know exactly what you're getting into.

You probably have several questions car loans, and GOBankingRates has the answers you need to help you make the right choice.

You might be wondering if you meet the requirements for a car loan. Each lender has its own lending standards, but as a general rule, you should improve your credit score and pay off as much debt as possible, because these factors will contribute to an easy approval and affordable rate.

Before you sign, make sure you understand the terms of your agreement and can afford the monthly payment. And make sure to consult GOBankingRates with any questions you might have.