CARCHEX Auto Finance Resources

Pay Off Car Loan With Home Equity Loan – Good Or Bad Idea?

Lawrence Dorman2021-12-20T16:27:58-05:00CARCHEX Auto Finance Resources|

If you have an outstanding car loan, you may be considering paying it off with a home equity line of credit (HELOC). Some people do this to consolidate debt, and they often even bundle in credit card debt this way. Let’s find out more about scenarios when paying off a car loan with a home [...]

Financing Your Rideshare Vehicle

Lawrence Dorman2021-12-02T21:15:03-05:00CARCHEX Auto Finance Resources, Research Center|

If you’re a Lyft or Uber driver, your car is your most important business asset. So like any other business, it pays to examine your investment options. If you own your rideshare vehicle outright, good for you. But for those looking for ways to pay for your business vehicle, there are many choices. Let’s find [...]

Auto Loans At All Time High

Lawrence Dorman2021-12-02T21:15:54-05:00CARCHEX Auto Finance Resources, Research Center|

With the boom in auto sales, there has also been an expansion in auto loans. This means that more people are financing their cars than ever, and monthly payments have hit new highs as well. Let’s take a closer look at the numbers. Auto refinance rates can change anytime. Want to pay less? Get a [...]

Donating A Car To Charity – Tax Deductions & Other Tips

Lawrence Dorman2021-12-02T21:26:08-05:00CARCHEX Auto Finance Resources, Research Center|

If you donate a car to charity, the standard tax deduction is $500. To take a higher deduction, you have to know how much the charity gets from the vehicle sale. You’ll provide the details to the IRS on Form 823. If the charity plans to use the car, they should provide you with a [...]

Car Mileage & Other Tax Deductions

Lawrence Dorman2021-12-02T21:26:16-05:00CARCHEX Auto Finance Resources, Research Center|

There are several ways your car can serve as a tax deduction. Work related miles can almost always be taken as a deduction. Also, miles driven to care for a rental property may be tax deductible. Even damage to your car might be written off in some circumstances. Finally, if you drive to take a [...]

Refinancing A Leased Car

Lawrence Dorman2021-12-02T21:28:08-05:00CARCHEX Auto Finance Resources, Research Center|

Leased car rates are up. This could be an indication of financial stress for some car owners. No matter what your situation, you may be wondering if you can refinance a leased car. Let’s find out... Want to lower your auto refinance monthly payment? Get a free refi quote from CARCHEX today. More Leases Than [...]

Millennials Drive Less Than Previous Generations

Lawrence Dorman2015-08-07T14:24:41-04:00CARCHEX Auto Finance Resources|

An important trend is taking shape among millennials – that is, persons born between the early 1980s and early 2000s. It seems as though this sector is less interested in car ownership than their predecessors. Let’s find out how this might affect the car industry including finance rates. Auto refinance can lower your next car [...]

Is Ridesharing Cheaper Than Owning A Car?

Lawrence Dorman2015-06-12T15:07:03-04:00CARCHEX Auto Finance Resources|

Ridesharing with services like Lyft and Uber have become very big business. Recently, Uber announced that it hit the 1 million ride per day mark. Many people today are getting rides instead of driving. So is ridesharing cheaper than owning a car? Want to save on your car payment? Get a free auto finance quote [...]

How To Spot Car Refinancing Scams

Lawrence Dorman2015-03-27T09:08:23-04:00CARCHEX Auto Finance Resources|

Everybody wants to pay the minimum on their car loan. For this reason, car refinancing is attractive since it can lower your overall or monthly loan payment - or maybe even both. Unfortunately, as in any industry, there are those who try to game the system and take your money. Learn how to spot these [...]

First Time Car Owner Advice On Refinancing

Lawrence Dorman2015-02-26T10:11:11-05:00CARCHEX Auto Finance Resources|

If you are a first time car owner, there is a good chance you financed your vehicle purchase through a car dealership. Depending on the deal you signed, you might be paying thousands of dollars more each year than you have to. Let’s find out how auto refinancing can save you money. Lack Of Experience [...]