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The Expert ExplainsThe Expert Explains: Credit Reporting
Understand This Before Applying for a Loan
You’ve come to Car Deal Expert because you want to apply for an auto loan or an auto refinance loan. One of the first things we advise you to do before applying is to know your FICO score and examine your credit report for free at AnnualCreditReport.com. That way, [...] -
The Expert ExplainsYour Guide to Extended Vehicle Warranties
What is an extended vehicle warranty?
In essence, an extended warranty is an insurance policy for vehicle repairs, a safeguard against unexpected future expenses. An extended warranty lengthens the term of your original factory warranty and sometimes supplements it. New vehicles come with factory warranties covering defects for a few years, typically a minimum of [...] -
The Expert ExplainsDon’t sink too much of your income into a car
In general, people spend entirely too much money on cars. Everybody knows you should spend no more than a third of your income each month on housing. That’s why mortgage lenders usually only approve loans if the monthly payments are less than a third of the borrower’s monthly income.
But did you know that the credit [...] -
The Expert ExplainsWhat is the FTC Used Car Rule?
If you’ve ever shopped for a used car at a dealership, you’ve probably seen a document hanging either on the rear view mirror or a side mirror, or affixed to a window. This document, called a Buyer’s Guide, is intended to inform you of what kind of warranty will apply to your vehicle upon purchase.
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The Expert ExplainsWhat do car buyers need to know about lemons?
What are Lemon Laws?
Does your new car chug along at 30 mph when you put the pedal all the way to the floor? If the brakes don’t work, the rear door opens by itself, the driver’s seat wobbles, reverse gear doesn’t work, the engine won’t start or it dies for no reason – your [...]