CAR LOAN RESOURCES

You can get approved for an Audi car loan through the dealership, but you may get better rates from a bank or credit union.

You’re likely to get approved for a Lexus car loan if you use a dealership, but a better deal may be available from a bank or credit union.

Your approval odds for a Mercedes-Benz car loan are good if you go through the dealership, but a bank or credit union may offer a better deal.

Your approval odds for a Volkswagen car loan are good if you go through the dealership, but a bank or credit union may be a better deal.

The average American household can no longer afford an average used car, according to common financial advice. That’s a single average used car—never mind two—in a country where a car is a necessity for nearly every working adult.

The pandemic ended a years-long run of mostly favorable conditions for car buyers, including stagnant prices for new vehicles and low interest rates on auto loans. The question is whether we have entered a new normal.

Collateral Protection Insurance, or CPI, is a type of car insurance that protects a lender when a driver doesn’t have sufficient insurance coverage.