Tips from an Auto Finance Specialist

As we already covered, a car lease is a rental agreement to drive a car and return it at a certain time. Usually there is also a purchase option in a lease agreement, so if you want to keep the car you can buy it outright or finance the remainder into a loan. Despite the … More Why a lease of usually a BAD financial choice

I hate the break it to you, but the answer is probably a resounding NO! I love new, shiny cars with all of the new features. They’re pretty and fun to drive. They also lose a decent amount of their value as soon as you drive them off the dealer’s lot. People joke about it, … More Should I get a new car?

I have a lot of auto finance horror stories, both customer horror stories and horror stories for me. This one just makes me pity the poor lady. I took a call once from a lady who was at the end of her contract, and she wanted to know how to get the title for the … More “You mean I have to give the car back?”

Don’t feel bad if you aren’t quite sure, I was totally ignorant of this one before I started working in auto finance. Here are the basic definitions: Lease: a rental contract of a car for a set period of time, usually 2-4 years, where you have to either give the car back at the end … More What’s the difference between a car lease and a car loan?