Watch Out for Auto Warranty Scams

My mom sent the family a text message this week asking about a letter that she got in the mail. It's an official looking letter that says that she needs to take action before her auto warranty expires. She just bought her car this year, so she wasn't sure how this could possibly be. I let her know that I'm certain auto warranty scams are a popular thing. How do I know? Because I'm often contacted about mine and I haven't owned a car in over 16 years. Letters and Phone Calls I receive a letter about Read more [...]

Why You Shouldn’t opt for a Seven-Year Car Loan

Most people get attracted to a low-interest installment loan, which lasts for a long time. But staying in debt for nearly 7-8 years for a car seems a bit uncalled for and is a poor financial choice. Your maximum payoff time limit should be four years. It'll give you ample time with the car, and you can change your car afterward. Now, if you are opting or have opted for a 7-year car loan, don't worry. You're not alone. 72% of new vehicle loans are for seven years and longer. While seven Read more [...]