Auto title
loans are low - risk, short -
term loans based around the equity of a
vehicle (in this case, your Chevy Silverado 2500) and your ability to repay the
loan where LoanMart takes
over as the title's sole lien holder.
I'm not a big fan of financing any kind of
vehicle, but if you already have a
loan for one or more of your «toys» you can save hundreds (or thousands) of dollars
over the
term of the
loan.
For instance, an increase in the federal funds rate hits personal finances more in the realm of auto
loans, credit cards, and personal
loans (lending
vehicles with five or fewer years to repay in most cases) than home
loans and student
loans (lending
vehicles with extended repayment
terms over a decade or more).
• The average credit score for a new -
vehicle loan dropped 3 points in Q4 2014 to reach 712 • The average credit score for a used vehicle loan increased 2 points in the quarter to reach 648 • In the fourth quarter of 2014, the average monthly payment for a new vehicle hit $ 482 — its highest level on record • Interest rates for new - vehicle loans crept up in Q4 2014 to 4.56 percent • Loan terms for new and used vehicles increased from a year ago to reach 66 months and 62 months, respectively • Captives were the only lender type to see an increase in market share year over
loan dropped 3 points in Q4 2014 to reach 712 • The average credit score for a used
vehicle loan increased 2 points in the quarter to reach 648 • In the fourth quarter of 2014, the average monthly payment for a new vehicle hit $ 482 — its highest level on record • Interest rates for new - vehicle loans crept up in Q4 2014 to 4.56 percent • Loan terms for new and used vehicles increased from a year ago to reach 66 months and 62 months, respectively • Captives were the only lender type to see an increase in market share year over
loan increased 2 points in the quarter to reach 648 • In the fourth quarter of 2014, the average monthly payment for a new
vehicle hit $ 482 — its highest level on record • Interest rates for new -
vehicle loans crept up in Q4 2014 to 4.56 percent •
Loan terms for new and used vehicles increased from a year ago to reach 66 months and 62 months, respectively • Captives were the only lender type to see an increase in market share year over
Loan terms for new and used
vehicles increased from a year ago to reach 66 months and 62 months, respectively • Captives were the only lender type to see an increase in market share year
over year