4 Things to Consider When Financing a Car
- June 23, 2020
- By: Greenpath Financial Wellness
- Category: Auto, Financial Health Tips, Loans
Is it time to think about financing a car? It looks like it might be for many people. The website AutoTrader reports that people are embracing online car buying instead of in-person shopping, which makes sense as we continue to focus on social distancing, health and hygiene. Financing a car is one...
Behind on Auto Payments? You’re Not Alone. Here’s How to Handle It
- February 20, 2019
- By: Greenpath Financial Wellness
- Category: Auto, GreenPath University
If you feel like you’ve been struggling to keep up with car payments, you’re not alone: According to a recent report from the Federal Reserve Bank of New York, over 7 million Americans are at least 90 days behind on their auto loans. It’s no secret that increased financial stress can weigh heavily on your personal...
Seven Million Americans Delinquent on Auto Loans Could Be a Bad Sign
- February 14, 2019
- By: Greenpath Financial Wellness
- Category: Auto, Media Coverage
Featuring Jeremy Lark, Senior Manager of Client Services The U.S. is at an all-time high for auto loan delinquencies. Is this the sign of overborrowing or overconfidence in the economy's strength? Seven million people are at least 90 days behind in their car payments, according to a report from the Federal Reserve...
How Much You Should Pay For a New Car
- April 1, 2017
- By: Greenpath Financial Wellness
- Category: Auto, GreenPath University
Are you wondering how much you should pay for a new car? No article can tell you how much you can afford but there are a few things to keep in mind before you buy your next car.
Buying or Leasing a Car
- March 1, 2017
- By: Greenpath Financial Wellness
- Category: Auto, GreenPath University
Deciding whether you will be buying or leasing a car is a very important decision that can have a long-term impact on your budget. It’s important that you don’t end up with a car that you cannot afford down the road. Let’s take a look at each option in more detail.
Car Ownership or Ride-sharing
- February 11, 2017
- By: Greenpath Financial Wellness
- Category: Auto
It makes sense to look at your transportation options when planning for financial wellness. So which is better car ownership or ride-sharing? Transportation accounts for 17% of an average American’s spending. This is inconsistent with what financial counselors typically recommend, which is to limit transportation costs...
Buying a New or Used Car
- February 1, 2017
- By: Greenpath Financial Wellness
- Category: Auto, GreenPath University
Is it better to buy a used car or go with a shiny new vehicle? Let’s compare the two options of buying a new or used car and give you some good information to make a well informed decision. Buying New Probably the biggest single advantage is the car itself. Since it’s brand-new, it has never been driven by someone...
Auto Financing Options
- January 25, 2017
- By: Greenpath Financial Wellness
- Category: Auto, GreenPath University
Before you find your new or used car, you should know how you will pay for it. Most people don’t have cash to just buy your car. In general, there are three main options: financing through the dealer, financing through your own credit union or bank, or leasing. Use the dealer’s financing This is usually the easiest...
Budgeting Basics for Purchasing Your First Car
- January 5, 2017
- By: Greenpath Financial Wellness
- Category: Auto, Financial Health Tips
(Editor's note: As U.S. automakers set a new record for cars and trucks sold in 2016, GreenPath welcomes guest blogger Warren Clarke from CARFAX to share five tips on buying a vehicle in 2017.) If you're purchasing your first car, this purchase represents an important milestone in your adult life. Owning a car gives you...
Lemon Laws
- June 30, 2016
- By: Greenpath Financial Wellness
- Category: Auto, GreenPath University
Lemon laws make it easier for the buyer of a new car to sue for damages or have the car replaced if the dealer or manufacturer can’t fix it.
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