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Car Loan Information

  • What Does it Mean to be Upside Down on a Car Loan?

    What Does it Mean to be Upside Down on a Car Loan?

    When you have an upside down car loan (which can also sometimes be referred to as being “underwater”), it simply means that you currently owe your finance lender......

  • What is an Auto Loan Amortization Schedule?

    What is an Auto Loan Amortization Schedule?

    When it comes to getting a car loan for your new ride, there are many different issues you must consider like your budget, the down payment, monthly payment, the interest rate, as......

  • What Is An Interest Rate?

    What Is An Interest Rate?

    In a world where many of us are mathematically challenged, navigating the confusing seas of new or used car financing can be a stressful affair. It seems like everyone and their cousin understands......

  • What is APR?

    What is APR?

    When you are financing a new car, truck, SUV or minivan, the term APR stands for the Annual Percentage Rate. But this can be a tricky real world figure to calculate as it requires knowing all of the fees, levies,......

  • What is Car Refinancing?

    What is Car Refinancing?

    Have you ever thought about refinancing your car?  This would not be your first thought when thinking of cutting back on your finances or saving pennies, would it? Well, you’re not......

  • How Do Car Loans Work?

    How Do Car Loans Work?

    Although most people who have ever bought a car themselves claim to be experts on the art of how car loans work, in reality most people are uninformed about what goes into this very complex financial......

  • Online Car Financing Tips

    Online Car Financing Tips

    Sometimes it seems our whole lives are lived online.  But before we can turn off the computer and go for a drive, it pays to take a spin down the information superhighway in search of online car......

  • What Is Tier 1/2/3 Credit?

    What Is Tier 1/2/3 Credit?

    In marketing it often seems like there’s a rule of three.  Just as the Olympics have winners of Gold, Silver and Bronze medals, products are often marketed as “Good, Better,......

  • What Is OAC?

    What Is OAC?

    When you start shopping for a car at Autobytel.com, you’ll often see some enticing loan rates.  Perhaps it will say something like “1.9% for 36 months, 2.9% for 48 months, 3.9% for 60 months,......

  • car on calculator with cash

    What Is Car Financing?

    The concept behind car financing is very simple.  Buy now, drive now, pay later. Car financing has made this possible, especially as the cost of new (and used) cars have soared.  The Detroit Free Press......