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What a Car Loan Costs

What a Car Loan CostsWhen shopping for a car, it’s usually best to start by shopping for a car loan. When you’re shopping for a car loan, remember that what it costs you to borrow depends on three things: 1. The finance charge, expressed as an Annual Percentage Rate (APR) 2. The Term, or length of time the loan lasts …

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Understanding The Benefits Of Interest

The Benefits of Interest Interest plays a role in almost all aspects of personal finance — including savings, investing, credit, and loans. Simply Put: Interest is the money earned or paid when someone makes or receives a loan. You can be paid interest for keeping money in a bank account, purchasing a bond, or making other investments. You can also …

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Mobile Banking Tips

Mobile Banking TipsMobile Banking provides a convenient, safe way to access your funds when you’re unable to visit a branch. What is Mobile Banking? Mobile banking is simply using an app on a mobile device, like a phone or tablet, to access your bank accounts and perform transactions. It’s a service provided by your financial institution and is available to …

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Understanding Auto Insurance

Understanding Auto InsuranceThe truth is that car accidents are expensive, and it’s not just the price of fixing a bumper or headlight. Accidents can incur medical bills, repair costs, and even lawsuits and if you’re not protected, you could be on the hook for all the costs—especially if you’re the one found at fault. It’s not about being a good …

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Getting a Car

There are pros and cons to each method. Your choice will be based on various financial considerations, driving habits, and personal preference. Buying a used car is appealing to many people. Used cars are less expensive up-front, and they have the added benefit of not depreciating drastically when they leave the lot. Because you are buying a used car and …

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Refinancing Your Loans

Essentially, refinancing replaces an old loan with a new one with terms that are better for your situation. But there can be trade-offs associated with refinancing. While mortgage loans may be most commonly refinanced, you can also refinance auto, personal, and student loans. You can even “refinance” credit card debt by transferring the amount left to pay to another credit provider with …

Major Mechanical Protection (MMP)

The average new car is out of warranty in just 2 ½ years. With advanced electronics and integrated systems, repairing or replacing parts is more expensive than ever. In fact, when you add in labor costs that can reach $125 per hour or more, a single repair can easily cost more than a vehicle protection plan. For less than the …

GAP Advantage with PowerBuy™

On average, the typical new car loses 11% of its value the second you drive it off the lot.* And, if your vehicle is totaled or stolen and not recovered, your standard auto insurance policy may not cover the remaining balance of your auto loan, leaving you with a balance on a vehicle you can no longer drive. A totaled …