Why you should (almost) never rent a car
Every day we make choices based on personal preferences: coffee or tea, boxers or shorts, etc. However, some financial decisions are not so unambiguous. After all, we can’t make spending decisions based on preference alone. If we did, we could live in luxury for a while before going bankrupt. An obvious, often misunderstood example is […]
How to Sell an Old Car Without Ownership: 8 Steps (with Pictures)
There are many common misconceptions about used car names. Generally, people assume that they must have a name if they want to sell it. (Some might even wonder if it’s okay to sell an old car without title.) While it’s true that lack of ownership can be a wake-up call for many buyers, there’s often […]
Is it possible to sell a loan car?
When you buy a car with money, you are not the owner of the car. At least not yet. This is because until you pay the full cost of the car, your lender is the rightful owner of the car. But what if you decide you don’t need your car, or that you want a […]
What should be the down payment for the car?
Few purchases in life will give you a greater sense of mobility or freedom than buying a car. And a reliable set of wheels is an important investment in most parts of the United States. But like any investment, the stages of buying a car can cause analysis paralysis. And the question of how large […]
Car rental or purchase calculator
Car leasing is a controversial topic in personal finance. Some say that leasing is a financial dead end – you pay for years for an asset that you will never own. Others consider it foolish to buy something that depreciates quickly. But major financial decisions should be based on numbers, not assumptions. Our rental and […]
Why is my car insurance so high? (And how to lower it)
It seems like car insurance premiums keep going up and up. And for good reason – they are. According to AAA 2022 Your driving costs study, the average annual cost of full coverage for the average sedan is now $1,694. This is more than 20% more than in 2021. While there is little you can […]
Car insurance when renting a credit card
Today’s bonus cards are full of hidden perks that could save you $1,000. And you may not even be aware of some of these goodies unless you delve into your card benefits guide (which you’ve probably reworked). Meme from the author, made with imgflip (original image source unknown) One such advantage is the rental car […]
Early repayment of a car loan: is it possible and should it be done?
Let’s say you’re working hard and you finally have enough cash to pay off your car loan in full. It’s a tempting move: you’ll have one less bill each month, save a few hundred dollars in interest payments, and finally get ownership of your car from your lender (which means you can opt out of […]
How much should you spend on a car?
In America, having your own car is synonymous with complete freedom. After all, the car allows you to go anywhere and anytime. But this freedom comes at a price. Cars – even the cheapest ones – can be expensive. Garbage that breaks down twice a month will still cost you several thousand. A good car […]
Does car financing create credit?
Car financing can help improve your credit score if you keep your payments on time. But it can also hurt if you’re not careful. In this guide, we’ll show you how car financing can help raise or lower your credit score so you can avoid costly mistakes. Why is a construction loan so important? Credit […]