Should I Take the Zero-Percent Financing Offered by the Dealer?
Published: May 28, 2020
An auto loan offer of zero-percent financing means the dealer financer is offering to lend the buyer money without charging any interest over the life of the loan. With traditional loans, the lender is willing to extend money to the buyer because the lender will reap the benefits of the interest payments over the life of the loan. A zero-percent car loan, though, offers no reward for the lender. In fact, the loan is actually being offered by the auto manufacturer. The automaker stands to benefit from the loan as much as it would from an upfront cash payment for one of its cars. The only difference is that the money is earned over a longer time span. Automakers may offer zero-percent financing on slower-selling models or to help clear out stale inventory to make room for newer models.Read More
How Your Insurance Will be Affected by a Car Crash
Published: April 27, 2020
Have you recently been involved in a car crash? You may be wondering what to expect as far as your insurance rates. How big of an increase can you expect to see in monthly premiums? In most cases, car insurance providers will add a surcharge to your monthly premiums following a car accident involving one of the drivers on the plan; however, the exact increase you'll see, and whether you will see one at all, varies by the driver, insurance carrier and state. Here are the answers to all your questions regarding vehicle accidents and insurance rates.Read More
Build a Financial To-Do List This Spring
Published: April 20, 2020
Spring is here and it's a great idea to review your finances and improve them however possible. The only question: what should be on your financial to-do list this spring? Let's review some ways to improve your finances and general money management this time of year.Read More
Should I Finance a Large Purchase?
Published: April 13, 2020
"Buy today with no money down and zero interest!" You've seen the ads when shopping for new furniture, household appliances or an entertainment system. The text differs slightly each time, but each ad offers the same thing: the option of spreading the cost of your purchase over several months or several years, with a zero-percent interest plan. To fund your purchase, you may need to enroll in a payment plan with the company, sign up for its credit card or open an unaffiliated credit card offering an introductory no-interest period. It sounds like a fantastic deal - but is it really? Here are the potential pitfalls of going this route and the surprising benefits of financing a large purchase under specific circumstances - even if you have the cash to pay for it today.Read More
Financial Resources Available for Veterans
Published: April 6, 2020
We owe the strength and security of our country to our heroic veterans. These brave men and women sacrifice the comforts of home, time with family and often their physical well-being to protect us. Unfortunately, though, many veterans are struggling to make ends meet and to support their families. If you are a veteran, you likely already know about VA loans, which are no-money-down home loans just for veterans. But did you know there are many other ways the government and charitable organizations can help you get back on your feet? Here's a list of financial resources created especially for veterans. Having served our country, you deserve all this and more.Read More