Drivers Lane Blog

Longer financing terms are becoming increasingly popular in the car buying world. In 2008, the average auto loan term was 60 months, and this number has gradually increased over the years, leading to a 66 month average loan term in 2014, according to Automotive News.

When you're buying a car, you will want to be as informed as possible. The best way to get the information you need is by asking the right questions. What should you be asking?

When shopping for a car, settling on the make, model and style seems like a daunting task, but it may be the easiest part of your car buying experience.  For many buyers, the real difficulty and confusion sets in when financing comes up.  But committing to an auto loan will be much less intimidating if you have a full understanding of the most important details in your contract.

There are a number of tactics credit-challenged consumers can use to improve their chances of getting approved for an auto loan with little or no money down.

If you need a car, and your credit has been compromised in any way, it can seem virtually impossible to acquire financing through traditional sources. This is when you can benefit from a bad credit car loan.

Bad credit auto loans give people with damaged credit a chance to purchase a much-needed car while rebuilding their credit at the same time.

When signing the paperwork for a new or used car, your salesman will present a product called GAP insurance. And before you dismiss this option, you should know what it is and why you probably need it.

A potential lender will look at your credit history in order to make an approval decision because they need proof that you are a responsible borrower. If they aren’t able to obtain this proof, you are considered to be a “loan risk,” and you may be turned down for credit.

Seattle is a walkable city, but what if you commute in from one of the suburbs? There's a good chance that you'll need a car. Which ones should you consider if you have bad credit?

If you are substantially late with your vehicle payments, your creditor may choose to exercise their right to take possession of the car, or “repossess” it. What happens when your car is repossessed?