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When talking about how much your car is worth, there are actually few different values to keep in mind. There is the trade-in value of your car, there is the retail value of your car, and there is the charitable value of your car. So what’s the difference between these numbers, and what options do you have when you choose to get rid of your car?Here’s the difference between trade-in value, retail value, and charitable value.How is trade-in value determined? Your trade-in value is determined for the most part by the condition and desirability of your car. The following factors will drive the value of your car either higher or lower.The age of your carThe mileage of your carThe maintenance history of your carThe current market demand, both for used cars and your particular make and modelThe overall condition of your car The biggest factor overall will be the market demand for your car. After all, supply and demand is the most important thing in sales. The more in demand your car is, the higher the trade-in value will be. When you shop for a new car you should always consider the average resale value of the car make and model you are considering. The trade-in value of your car will always be lower than the retail value of your car. This is because the car dealership ultimately is the middleman in this sale. You want to get rid of your car with minimum hassle, and the dealer wants to make money by doing the extra legwork of selling it. It is a win-win situation that means you do not have to advertise and find a person who wants to buy your car. But the flip side of that is simple: you will not get as much money for your car.  Another reason for this difference in value is the conditioning that goes into selling a car. A dealership will never sell a used car as-is to a customer. They will wash, vacuum, detail, and make any repairs necessary to get the highest price for your car. In other words they are making an investment to increase the sale price of your car. They make up for this cost by offering you less money. Trading in your car is a great option if you are buying a car from a dealership and want to knock a significant amount off of your financing amount. You do not need to deal with the headache of selling your car privately and the dealer can handle all of the paperwork at the same time. How is retail value determined? Retail value is determined by many of the same factors as the trade-in value: age, mileage, maintenance, market demand, and overall condition. But retail value will depend on how you choose to sell your car.  The classic way to sell your car is by privately selling it to another individual. There are a number of ways you can go about this, from advertising online to simply putting your car on your lawn with a for sale sign. But private sales will garner a higher value than a trade-in value because you are not paying for a middle man to make the sale. But there is now a new way to sell your car: the instant cash offer. There are many sites online that will offer you an instant cash offer for your used car. You simply fill out your car’s information and they will make you a fixed offer on your car. There is no room to negotiate or haggle, it’s merely a straightforward way to get your used car off of your hands. If you accept the instant cash offer you will drop your car off at a participating dealership and receive your payment.  There are a number of companies that now offer instant cash offers. These companies include:Kelley Blue BookEdmundsCarMaxTrueCarCarMaxAnd many more Instant cash offers are becoming more and more popular and many people feel that they are very worthwhile. The amount of money they will give you vs. how quick it is seems to be a great trade off for many. But it is still important to note that you can make more money by selling your car privately. When you sell privately you are able to negotiate, hold out, and angle your advertising appropriately. The power is yours, but so is the headache and time commitment. Ultimately retail value is determined by your car’s condition, the market demand, and your savviness for sales.How is the charitable value of a car determined? When you want to get rid of your car you can trade it in or you can sell it privately as we discussed. But there is also a third option–donating it to charity. Donating your car to charity can be beneficial for both you and the charity. Typically a charity will either give or sell the car to someone in need or they will use it for their own purposes. Determine which organization you should contact.The most important step is finding a charity that is able to accept a car as a donation. The organization must be IRS tax-exempt. It may be a religious organization, charity, or other organization that promotes literacy, education, or humanitarianism. Determine your car’s fair value.The fair market value of your car is a major consideration of the charitable value. A Kelley Blue Book search can give you a good idea of how much your car is worth for its mileage and current condition. You need to be honest about the condition of your car to avoid any issue with your deduction. In other words, if your car has visible damage be sure to not mark it as being in “excellent condition”.Determine the organization’s plan of usage.You can deduct a different amount from your taxes based on what the organization plans to do with your car.  If they sell your car: The IRS limits your deduction amount to the sale price of your car even if that number is below the market value. If your car is sold for less than $500 you can deduct either $500 or its fair market value, whichever is less. If they sell your car you must complete Form 1098-C within 30 days of the sale to make the deduction eligible.  If they keep your car for their own use: You can deduct the determined fair value of your car. If this value is over $5,000 you will need to have your car appraised in order to claim the deduction. Complete the paperwork.Whatever the deduction value ends up being, be sure to get an official document from the organization stating that you donated your vehicle. This document should include your name, social security number, the VIN, and the date of donation. If you received anything as compensation, even if it is something small, it must be noted on this document and the value of that must be subtracted from the amount you want to deduct. The donation is not complete until the title is transferred out of your name, so be sure to follow through until all paperwork is complete. What should I do when I want to get rid of my car?If you are trying to decide the best way to get rid of your car, here’s how you can quickly decide the best option for you.Trade it in. Trade your car in if you are planning on getting a new car from a dealership and do not want to deal with the hassle of a private sale. Sell it privately. Selling privately is the best option if you have the time to prepare your car and advertise the sale. If you are in a rush to get cash you can try an instant cash offer from one of the many companies that offer this service.Donate it. Donating your car is a great thing to do if you care about an organization and want to do something meaningful to help. It is not a good idea if you are strapped for cash, as the deduction will pale in comparison to the benefit of a cash sale. But the satisfaction of donating a car to a worthy cause is hard to beat. Weighing all of your options is important when making a financial decision such as this. Ultimately the choice will depend on your financial situation, the condition of your car, and how much time you want to spend getting rid of your car. That’s the difference between trade-in value, retail value, and charitable value. While these values differ slightly, they are all based on what the market dictates. If a car is desirable, it will have a higher value across the board. If you’re not ready to say goodbye to your car yet but are ready to say goodbye to your car loan, Auto Approve can help! Contact us today to find out how much money you can save by refinancing your car loan.GET A QUOTE IN 60 SECONDS

Chances are you’ve had a scammer contact you at one time or another. Whether it’s an email that congratulates you for winning a million dollars or a prince from a foreign country begging you for a short term loan, there are various scams that are designed to grab your attention–and your money. Car warranty scams are nothing new, but they are more rampant now than ever before. But learning how these scams work can help you protect yourself and your money.Here’s everything you need to know about car warranty scams and how you can protect yourself. What is a car warranty scam?Car warranty scams are designed to pressure you into making a rash decision about purchasing a car warranty over the phone. The scammers usually pretend to be someone from either the dealership, manufacturer, or insurer, who tells you that your warranty has expired and you need to renew it. They will often pressure you by telling you how expensive repairs will be if you do not renew immediately. Scammers hope that you will feel enough pressure that you will give out your personal information so that they can “write a contract” and ultimately use that information to defraud you.Scam callers often call you over the phone. They will have some of your vehicle information which may make them seem more legitimate or reputable. But they most likely know your name and vehicle information because they found it in public records or bought it from a data collection company. Scammers may contact you in other ways, sometimes emailing, texting, or even sending you physical letters. But the end goal is always the same: to get your personal information. How did a scam caller get your phone number?Americans receive more than 50 billion robocalls every year, and that trend only seems to be increasing. You may wonder how they even got your number in the first place. There are many ways that scammers can get your personal information, both legitimate and illegitimate.  A very common legal way to obtain your information is by buying it directly from a state DMV. Many states participate in this and will sell driver's license numbers, vehicle information, and other personal information on your driver's license.  Scammers can also purchase personal information from data collection companies. If you ever check “I agree” on a terms and conditions box for a contest or promotion, there is a good chance that they will sell your information to a third party.  But the most common way that scammers get your information is through data breaches. In 2022 there were reports of over 4100 publicly recorded data breaches. This resulted in about 22 billion records being exposed. While you can do your best to never give out your email, phone number, and personal information, there is little you can do to protect your information from a data breach. Some of the biggest and most secure companies in the world have breaches, and there’s little you can do to combat it. How do you spot a scam number? There are a number of warning signs you can look for if you are trying to determine if a call is a scam. They ask for personal information over the phone. If you receive a call that is asking for information such as your social security number, banking information, or credit card information, that is a major sign that it is a scam. You should never give this information out over the phone.The call is vague. Scam calls tend to use language that is very general and sweeping. They will have little to no information on the product or contract that they are trying to sell, and instead will push constantly to get your information.The call is very urgent. If the caller is trying to rush you and convey a sense of urgency, that’s a big sign that there is a problem. Again, they are trying to scare you into taking action so that you do not have time to think about it or be dissuaded.The caller is threatening. Sometimes scammers will use scare tactics to push you into giving information. They may tell you that they will take legal action or that you will have to pay fees if you do not extend your warranty. If this happens, hang up immediately. What should I do to prevent scam calls? If you are worried about scam calls (or have been a victim to one) there are ways to protect yourself and your information. One of the easiest ways to do this is to not pick up unknown numbers. If the phone call is legitimate, the caller will leave you a message. If not, they will move on to the next caller on their list.  You can also try installing a Robocall app that will detect and warn you if a scam is likely. Built-in features on iPhones and Androids are starting to label if something is likely spam, but another app may be necessary if you feel there are a lot of calls coming through.  You also want to avoid giving out your personal information as much as possible. Many companies lure you with coupons or incentives to sign you up on their email list, but try to resist the temptation. This is a very common way that people get your information.  Signing up for the do not call list is another step you can take to limit the amount you are contacted. The Do Not Call Registry is a free list designed by the Federal Trade Commission to reduce the number of telemarketing calls. Unfortunately scammers are not going to follow these guidelines, so you will need to take other measures as well.What should you do if you get scammed?If you fall victim to one of these scams, the best thing to do is report it to the FCC. On the consumer complaints page you can file a complaint. If you end up signing a contract you can contact the Better Business Bureau to report it.  In many cases there is no way to undo a scam. If they get your information you may be stuck with the financial repercussions. Contacting the credit bureaus to keep an eye on your credit is incredibly important. If any accounts are opened in your name be sure to report it immediately.  That’s how car warranty scams work and how you can protect yourself.Warranties can save you a lot of headaches, but only when they are, well, real. If you refinance your loan with Auto Approve you can add on a Vehicle Protection Plan that will actually protect you. Contact Auto Approve today to find out more!GET A QUOTE IN 60 SECONDS

In March of 2023, the price of groceries had increased by 8.5% when compared to March of 2022. The price of eggs had increased by 36%, the price of margarine had increased by 33.4%, and the price of frozen vegetables had increased by 20.1% according to the consumer price index report from the Bureau of Labor Statistics. There are a lot of reasons for this increase, from inflation to supply issues to tariffs, but the effect is all the same: we are spending more and more of our hard earned dollars on groceries. This means that we need to get creative to cut costs and keep more of our money in our pockets. Here are ten ways you can cut your grocery bill in 2023.#1. Plan ahead and consolidate.The best way to cut your grocery bill is to be highly organized. By planning out your meals for the week (including your snacks!) you can avoid buying unnecessary ingredients and wasting food. And when you can plan meals that use the same ingredients, try to do so. If you can plan on using tomatoes in a few of your meals instead of just one, chances are you will not waste as much.  #2. Shop alone.When you shop with a friend or family member, you are much more likely to buy more things you don’t need. They may try to talk you into an additional purchase or a different brand that is more expensive. Being alone means that you and you alone can make the decisions and focus on cutting your costs. #3. Choose the right grocery store. If you live in a small town, you may not have a lot of options in terms of where you shop. But if there are a few different stores in your area you should take the time to compare prices. Certain stores may have better prices for certain things, so take note of what the differences are. Also compare the rewards programs and see which one might provide the best benefits for you. #4. Avoid buying prepared (or pre-cut!) food.In general, skipping the prepared food aisle will save you a lot. Cooking your own food will always be cheaper (and probably healthier). Additionally you should avoid buying any foods that are pre-cut. Will pre-cut green beans save you time? Absolutely. But they will cost you twice as much, so it’s worth the added time to save a lot of money in the long run. #5. Look at the unit price.It’s easy to simply compare the package price when scanning for the best deal. But oftentime this results in comparing apples to oranges. Many products will vary in the weight or amount that is packaged. This is very common with manufacturers who don’t want to increase their prices outright. Instead they reduce the amount of what is being sold and make their profits that way (also referred to as “shrinkflation”). But by comparing the unit price you will ensure that you are comparing the right numbers. #6. Buy and cook in bulk (and maybe include a friend).Buying in bulk is almost always a less expensive option. Whether you join a membership warehouse club, such as Costco or BJs, or just buy the family packs at the grocery store you will find more savings when you do this. Buying in bulk may not make sense if you have a small household or live by yourself, but you can still use this method for maximum savings. When you buy meat in bulk you can portion it out when you get home and freeze packages that weigh one or two pounds each. Then when you are ready to use it you can simply pull and defrost.  If you live alone it may make sense to purchase some bulk items with a friend that you can split up. Things like nuts, pasta, and toilet paper can be bought in large quantities but you might not need or have the space for a large quantity. But splitting these items with a friend means that you can both save money without the commitment of a large purchase. Cooking in bulk can also help to save money and time. By cooking a large batch of something and freezing smaller portions you can save money and give your future self a good meal. Things like soup, chili, and lasagna are easy to cook in bulk and can provide many meals for a later date when you don’t feel like cooking (because let's be honest, takeout is expensive too!) #7. Start an herb garden.Even if you have a small apartment, consider starting a mini herb garden. You can start one very inexpensively and can save yourself a lot of money. When you buy pre-cut herbs they tend to go bad relatively quickly, but if you have some plants where you can simply clip off what you need, you can avoid a lot of waste. Herbs require minimal care, so even if you don’t have the greenest thumb you can find success with a simple setup. See what herbs you use the most, but basil, parsley, oregano, thyme, rosemary, and mint are some simple herbs that can give you a lot of versatility.  #8. Make a grocery budget.We’ve said it before and we will say it again: you need to have a budget. Budgets are the best way to stay accountable for your spending and avoid issues like overdrawn cards and missed bills. Your budget should include a realistic budget for your groceries. Looking at past receipts and purchases can give you an idea of how you should approach this, but sticking to a number will help you avoid impulse purchases. #9. Shop the sales before you plan your meals.Many of us think about what we would like to cook this week as a first step for grocery prepping. But by looking to see what is on sale first you can build your menu around that. If ground beef is on sale, see how you can use it a few times during the week. If pork loin is on sale, see if you have space in the freezer to buy an extra and freeze it. #10. Look in your freezer first.We’ve mentioned freezing things a few times, but how often do you freeze something and then forget about it? Take the time every week to see what you have in your freezer before you plan your meals and hit the store. You want to pay attention to the dates when you freeze things as well, as different foods are safe in the freezer for different times.Those are ten ways you can cut your grocery bill in 2023. If you are looking for other ways to cut your costs, consider refinancing your auto loan with Auto Approve. Don’t wait, get in touch today!GET A QUOTE IN 60 SECONDS

When you are thinking about getting a new car, it’s important to think about your long term plans for your new set of wheels. Is this the type of car you plan on driving until the wheels fall off? Is it a car you might want to pass down to your kid one day? Or will you, more than likely, want to sell it in the future to help pay for a new car? For many, this last option is best. Selling your car allows you to get an upgrade while also giving you some cash to do so. And because of this, resale value is very important. Here are the car brands that have the best resale value.What affects car value the most? When it comes to resale value, the brand and model are incredibly important. After all, the bones of the car are what people truly look at. If it’s not a very dependable car in the first place, not many people are going to want it (even if it is in pristine shape). A car’s reliability ranking, popularity image, and brand popularity are three of the most important factors that affect resale value. But it’s important to note that it’s not the only important factor. There are many other factors that will affect the resale value of your car, such as your mileage, condition, and accident history. Additionally, there are factors that are outside of your control that affect resale value, like market conditions and the price of fuel. Which car brands keep their value best? Certain car brands hold their values better than others. And by that, we mean that they depreciate at a slower rate than other brands. Broadly speaking trucks and SUVs tend to hold their value the most, while luxury sedans tend to lose their value the most. Every year Kelley Blue Book ranks which cars have the best resale values. They look at the resale value over a 5 year period, where the average new car will be worth 45% of its original sticker price. But the following 10 cars have all depreciated by less than 40%, which is really notable in today’s car market. Here is the Kelley Blue Book Best Resale Value list for 2023: #1: 2023 Toyota Tundra, 73.3% 5 year resale value#2: 2023 Toyota Tacoma, tied, 66.0% 5 year resale value#2: 2023 Tesla Model X, tied, 66.0% 5 year resale value#4: 2023 Ford Bronco, 65.4% 5 year resale value#5: 2023 Chevrolet Corvette, 65.3% 5 year resale value#6: 2023 Toyota 4Runner, 64.4% 5 year resale value#7. 2023 Honda Civic, 62.5% 5 year resale value#8. 2023 Ford Maverick, 61.7% 5 year resale value#9. 2023 Subaru Crosstrek, tied, 61.0% 5 year resale value#9. 2023 Jeep Wrangler (tie) 61.0% 5 year resale value Brand reliability is one of the biggest considerations for resale, and Toyota, Honda, Ford, and Subaru are all very consistently ranked high on this list. While BMW and Lexus are also considered to be near the top of the list in terms of reliability, luxury cars do not have high resale values, as we mentioned before, so they are not considered to be contenders in terms of resale value. In fact, when an iSeeCars study looked at which cars lose their value the most, eight out of ten cars on the list were luxury sedans. The BMW 7 Series sedan had the highest depreciation, losing 72.6% of its value in just five years (which is a whopping $73,686). Ultimately resale is dependent primarily on brand reliability and model practicality. An SUV is usually a more practical option than a high end luxury car. What adds resale value to a car?Whatever brand car you have, whether it is considered reliable or not, there are steps you can take to bump the resale value even higher. A little attention to detail and a few upgrades can make a huge difference in how fast you can sell your car and how much money you can get. Give it a thorough cleaning.It may seem obvious, but giving your car a good cleaning is a great first step to increasing its resale value. And we don’t just mean vacuum the seats (although you should do that too)! But giving each panel a polish and paying attention to door jams and every nook and cranny will help your car to look its best. It will also help to neutralize any odors that may be lingering. A bad smell can seriously tank your resale value. Touch up paint where you can.After a thorough exterior cleaning you will be able to tell if there are little scratches and dings that could use some touch up paint. Most auto body shops will be able to do this, but if you want to do it yourself you can pick up paint that matches and test in an inconspicuous area to ensure that it will blend. Polishing your headlights and mirrors can also make a huge difference. Pay attention to your tires.If your tires are in good shape, a good cleaning and polish can substantially increase your resale value. If your tires are worn, it’s a good idea to replace them which will increase your resale value considerably.  Have a mechanic give it a once over.It’s a good idea to have your car looked at by a mechanic as well (unless you are mechanically inclined yourself). This will help give you confidence when negotiating, as you will know exactly what type of shape your car is in. Someone may be able to convince you there is something wrong with your car even if there isn’t, so being armed with knowledge will help you. If you need any quick fixes, your mechanic can make them or schedule them.  Those are the brands that have the highest resale value (and how you can increase the resale value of your car no matter what the brand is). Resale value is an important consideration when buying a new car. Brand reliability is one aspect of this (and a big aspect at that) but it is not the only thing that affects resale value. Taking good care of your car, avoiding accidents, and keeping it well maintained will help you to increase the value.  If you have a car that is financed there is a good chance you are overpaying every month. But Auto Approve can help. Contact us today to see how much money you could be saving! GET A QUOTE IN 60 SECONDS

Buying a car online is a convenient option for many and has a lot of advantages over buying from a traditional dealership. From doing your own research to avoiding the hassle of car salesmen, there are many reasons Americans enjoy buying online. And yet for some the traditional car buying process will always prove superior. So if you are in the market for a new or preowned car, here’s your guide to shopping for a new car in the 21st century. Here’s how you can buy a car online and how it’s only slightly different from the traditional car buying process.What are the advantages and disadvantages of buying a car online? When you shop around for a car online you have the buyer's advantage. You have endless amounts of information at your fingertips so it is easy to compare different prices, options, and take customer reviews into consideration. And according to a 2022 study by The Zebra, Americans like a lot of the benefits that come along with the online car buying process while they are less enthusiastic about the traditional car buying experience. Consider the following statistics based on a 1000 person survey:46% of people prefer to shop for cars alone, without the assistance of friends or familyOnly 7% of people want help from a car salesman61% of people have felt taken advantage of at a dealership Given these numbers, it’s not surprising that many people like to turn to the internet to start the car buying process. Shopping online is a more solitary experience, so it’s easy to avoid any outside input.  And yet buying a car online isn’t the standard for most. Most people still prefer to go to the dealership, even if they are unhappy with a lot of the aspects of traditional buying. When you go to a dealership you can test drive a car on the spot, which is a major consideration for many. Additionally, many like to have the human experience. When you are making a major purchase, it may be more comfortable to have a person to talk to, ask questions to, and in general have someone who can guide you through the process. As great as the internet is, it cannot create a human connection.When asked about what parts of the online car buying process people were unhappy with, A PC Magazine survey found that people would like to see improvement in the following areas:They wish the terms and process for returning the car was better defined and explained.They wish finance rates were more competitive.They wish the return window was longer.They wish the registration process was faster.There are pros and cons to traditional buying and online buying, so it’s ultimately up to you to decide which is a better fit for you. Where can I buy a car online?If you do want to buy a car online, there are many places where you can do so. Our friends at LendingTree have ranked some of the most popular sites to see how they compare. Kelley Blue Book and Edmunds both sell cars online. So on top of being great resources for car research, you can directly buy cars from them as well. Lending Tree has ranked them as the two with the best online reputation, which is a pretty good indication that they are a good place for many to start their searches. But there are many more places to check out. Here are some other rankings from LendingTree: Best for Consumer Reviews: Cars.comBest for Used Car Deals: CarsDirect.comBest Variety of Cars for Sale: Autolist.comBest Selection of Inspected Used Vehicles: CarvanaBest for Shopping Around: CarGurusBest for Selling Used Cars: AutoTrader There are a lot of places to shop online, and asking friends or family members about their experiences may help you determine where you can find the best deal.  How to buy a car onlineIf you decide to buy a car online, the process is very similar to how you would buy a car traditionally. Here’s how you can buy a car online: Step 1. Determine your budget.As with traditional car shopping, you must decide what you can afford comfortably. Sit down with your finances and decide how much of a down payment you can make and how much you can afford to spend on monthly payments. Step 2. Get pre approved.Getting preapproved for a loan will help solidify what you can afford and what you know you can get a loan for.  Step 3. Assess what type of car you need.How will you be using your car? Do you need it to commute and get good gas mileage? Do you need lots of room for your family?  Step 4. Pick a model (or models).Pick a few models that you are interested in. If you have a few different models you will have an easier time finding a good deal, as there will inherently be more deals to choose from. Step 5. Start looking online.Check out a few different sites and see what kind of deals you can find. You can even chat with associates online that can help guide you through the online car buying process. Step 6. Schedule a test drive. While you may not be able to test drive in a traditional way, some brands are able to arrange an at home test drive. Hyundai’s Shopper Assurance Program is an example of this: they can have someone come to your home with a car so that you can test it out before buying.  Step 7. Finalize what you want.Determine exactly what features you want in your car. What addons are worth it to you and what would you consider skipping? Remember that addons can drive up the amount of your car loan significantly.  Step 8. Sign and get your car delivered (or go to the dealership).In some instances you may need to go to a dealer to finalize the details. But whether it’s in person or online be sure to read all of the fine print carefully before signing. After that you can schedule your new car’s delivery and you’re all set!  That’s how you can buy a car online.Buying a car online is similar to buying at a dealership, but there are some differences. Try looking around online beforehand to determine what is a better fit for you. If you aren’t necessarily in the market for a new car but are in the market for a new car loan, Auto Approve can help! Our refinance experts can help save you money with a car loan refinance. Contact Auto Approve today to see how much money you can save!GET A QUOTE IN 60 SECONDS

We all make choices every day that have effects both big and small. Some things affect us personally, while other things affect the world around us. And many of these everyday choices affect both. Living sustainably means that you are trying to reduce your negative impact on the world around you, and doing so can actually help you to save money. Making smart and sustainable choices can help you and the world around you, so it is oftentimes a win win. So how can you make choices to live more sustainably in this day and age?Here are ten ways you can live more sustainably. Try to go plastic free when possible.It’s no secret that plastic is terrible for our environment. It’s inability to break down means that it will stick around long after we are gone. Plastic makes up 80% of ocean debris with billions of pounds of plastic that can be found on ocean surfaces. And the fact that most disposable products are made of plastic means that this problem isn’t going away any time soon. This problem is obviously so huge that it is more than one person can fix. And while that is true, every step that we can take will help in a small way and we owe it to our planet to make the effort. Limiting your use of plastic can also result in savings for you. To limit your use of plastic, consider taking the following steps:Switch from disposable water bottles to a reusable water bottle. Getting a filter for your tap may be necessary but you will save a lot of money and a lot of wasted plastic.Use reusable totes when grocery shopping. Plastic grocery bags are incredibly wasteful so using a reusable bag is a great way to help the environment. If plastic bags are a must for you, be sure to recycle them at the grocery store (rather than in your recycling bin at home where they are usually not accepted).Avoid shopping online when possible. Many online stores use loads of plastic when shipping, from bubble wrap to simply wrapping the products multiple times in plastic. Shopping local instead will help keep your local economy buzzing and cut down on plastic waste. Cut back on shopping in general.Shopping in general has a lot of environmental implications. Shopping for the latest fashion that is barely worn and then tossed aside creates a lot of waste. The packaging from frequent shopping also means that more waste ends up in landfills. Think twice before heading to the store and ask yourself if this purchase is something you really need. This will also result in big savings, and who couldn’t use some extra cash every month. If you really want to refresh your wardrobe or home, think about buying second hand. You can find a lot of nice and barely used clothes, furniture and home goods by just looking around and doing some research.Consolidate your driving trips.If you live in a city, you most likely rely on public transportation. But if you live in the suburbs or in a rural area, a car is a necessity. But that doesn’t mean we are doomed to be wasteful. Consolidating our trips as much as possible can help us save on gas usage (which will also help us save money) and lower our emissions. If you are able to carpool with friends or family who live locally that can also help lessen our carbon footprint. A win for the planet and a win for our wallets.   Ditch the take out.Take out is easier, we get it. But eating at home is better for your health, better for the environment, and better for your wallet. When you order take out there are disposable containers and packaging that is unavoidable. There is also the trip to make the delivery which adds to emissions and gas usage.  When you order food out you also have much less control of what goes into what you are eating. By cooking at home you can control the amount of oil and salt that is in your food. You can choose what vegetables are in season, and if you choose to shop from local farms you are reducing the amount of travel that is associated with importing produce.  Cooking at home is just plain cheaper than ordering take out too. By shopping grocery sales and using coupons you can save tons of money every week. While it does require more planning and more time (which makes it hard, we know) there are plenty of resources online that can help you prepare and organize some quick and easy weeknight meals.Try to avoid single use items.Single use items are everywhere in modern life. But finding alternatives to these conveniences help our environment and–you guessed it–save you money at the same time. Using reusable containers instead of tin foil, plastic baggies, and plastic wrap is much more environmentally friendly and much more cost effective. Here are a few other areas where you can avoid single use:Use silicone baking mats instead of parchment.Bring your used candles to a local candle maker to have them refilled.Use kitchen towels as much as possible instead of paper towels.Use cloth napkins instead of paper napkins.Avoid disposable cutlery and plates as much as possible.Use cloth diapers and wipes if you have a little one. Cloth diapers have come a long way and modern ones are much easier to use and more effective than the ones from thirty years ago. If you must use some single use items, try to repurpose them if possible. Wash your plastic cutlery, use the cardboard paper towel rolls for crafts, be sure to recycle anything that you can. Purchase sustainable and eco friendly products.Paying attention to labels and certifications when you are looking to purchase new products. There are several accreditations and programs that companies can apply to that will certify their products as eco-friendly or fair trade, such as Fairtrade Certified or Non-GMO Project Verified. If a certification or award sounds unfamiliar, do some research to find out more. Not all of these certifications are equal, and some are even made up by the company itself. But seeking out products that are taking steps to be eco friendly means you are using your money responsibly to support companies that believe in sustainability.Reduce the amount of meat you consume.Factory farmed animals create one of the biggest roadblocks for sustainability. The carbon footprint associated with this type of large scale breeding and slaughter is incredibly large. The amount of water and energy that is required for the production of meat is huge, and the industry has issues with the pollution of air, water, and soil. In fact our global food system is responsible for 25% of greenhouse gas emissions per year. Farming for beef in particular creates one of the largest carbon footprints.  Reducing the amount of meat we consume is the best way to combat this, although cutting out meat entirely from your diet may be less than ideal for you. But if you can reduce the amount of meat you eat and replace it with more sustainably sourced options (like certain types of fish) you can help reduce the footprint of this enormous industry. Vow to reduce your food waste.The amount of food that is wasted in the United States is truly mind blowing–nearly 40% of all edible food is thrown away. Whether it wastes away in our fridge or is just discarded because we don’t want or need it anymore, food waste is everywhere we look. There is an incredible amount of waste at grocery stores in particular who are forced to toss expired foods (even if they are still good) and get rid of the produce that no one buys. By trying to reduce your food waste you can save money while also helping the environment. You can do so by planning your meals out ahead of time, getting creative with leftovers AND scrap pieces, and purchasing items that are near to their expiration date (if you plan to use them right away). Make your big ticket items environmentally friendly ones.When the time comes to buy investment items, choose them wisely. If you need a new car, consider an electric or hybrid car. If you are looking for large appliances such as a refrigerator or dryer, try to get an appliance that has an Energy Star label. These appliances are more efficient and therefore will save energy (and save you money). Start now, even if the changes are small.The issues that our world is facing may feel overwhelming, but it’s important to not settle into the mentality of “but what can I do, I’m just one person”. The fact is that if we all make small changes in our lives and throughout our days, we will have a very big impact on our world. Together we can commit to reduce emissions, waste less, and live more sustainable lives. And those are ten ways you can live more sustainably in 2023.Making sustainable choices can help the planet while also saving you money. If you are interested in saving even more money, think about refinancing your car loan with Auto Approve! Don’t wait, get started today!GET A QUOTE IN 60 SECONDS

If you are interested in leasing a car, timing is everything. About 20% of new car sales are leases, so while it is not as popular as it used to be, it is still a great option for many people. Leasing allows people to have lower monthly payments, enjoy a new car every year, and have minimum maintenance worries during the life of their lease. But is there a good time to lease a car, and how can you time your lease in order to get the best deal possible?Let’s talk about the best time of year to lease a new car.When is the best month to lease a car?In general you will find the best deal on a new car lease is right when a new car is released. That is because the residual value of the car will be the highest at this point. A car’s residual value is the expected value of the car at the end of the leasing period and its expected value will only increase as the months go on. Residual values that are listed in contracts are typically based off of the Automotive Lease Guide's Residual Percentage Guide. These numbers get updated every two months, and every two months they tend to tick lower in value. Most new car models are released between July and October, so this is the time of year where you are most likely to find a great deal. But there are other times throughout the year where you may find great deals.Holiday weekends are a great time to find deals on new car leases. Famously good deals days include:Presidents’ Day WeekendMemorial Day WeekendLabor Day WeekendThanksgiving Additionally you might score a good deal by choosing to wait until the end of the month to lease. Dealerships have monthly quotas that they are trying to meet, so if you wait until the end of the month they may cut you an exceptionally good deal to help meet their quota. This also applies to the end of a quarter or the end of the year.  How can I get the best deal on my leased car?When looking to get the best deal on your new leased car there are a number of steps you can take to give yourself an edge. Get your finances in top shape.Whether you plan to buy a new car or lease a new car, having your finances in good order is the best way to ensure you get the best deal possible. At the top of this list is getting your credit score as high as possible. A good credit score is irreplaceable, so work to improve it before you look into leasing or financing.  Obtaining a copy of your credit report and looking for areas of improvement is the best way to do this. This will break down your credit score and allow you to see any missed payments, late payments, opened and closed accounts, credit limits, and any negative events (such as bankruptcy). You can dispute errors if you notice any, which can help you avoid serious problems in the future.  When you look at your credit report, see where you can improve. Can you work to make more timely payments? Are there areas where you can pay down your debt? Can you ask for any increased credit limits? All of these steps will improve your credit score and ultimately score you a better deal. Negotiate fees on your lease.Dealers love to add on fees to, well, everything. So doing your research ahead of time and knowing what fees are negotiable can save you a lot of money. You may be able to negotiate the following fees in your lease.The mileage allowance feesDisposition feesPurchase options fees You will most likely not be able to negotiate the acquisition fee, registration, or taxes. But if there are extra fees thrown at that look unfamiliar, you should always try to negotiate.  Understand the terms.Car leasing has a lot of lingo that you should get to know beforehand. While it may not necessarily get you a better deal, it will help you avoid getting taken advantage of and settling into a bed deal. Here are some of the most important terms you need to know.Acquisition Fee:  Covers the expenses of arranging the loan, such as obtaining your credit report and verifying that you have insurance.Adjusted Capitalized Cost: The amount that the lease payments are based on. It is the cost of the car minus any down payment, plus any fees.Base Monthly Payment: Your lease payment will be based on the amount of depreciation that will occur over your lease period. Taxes and fees may be added onto this.Capitalized Cost: The cost of the new car. Disposition Fee: The cost of preparing the car for sale at the end of lease. This is a fee so that the car may be cleaned, serviced, and prepared for sale as a certified pre owned car.Money Factor: The number that determines the interest you will pay on the lease (multiplying the money factor by 2400 will give you an approximate interest rate).Residual Value: The leased car’s anticipated value at the end of the lease period.  Knowing these terms will help ensure you understand the deal that you are entering into. The more familiar and comfortable you are with these terms, the better you will feel when entering into a car lease.Is it worth it to lease a car?Deciding whether to lease or buy a car is a big decision. There are pros and cons to leasing and to buying, so you should take the time to consider each option.  The pros of leasing include:Lower monthly paymentsLower down paymentNew car every few yearsLess maintenance and repair expenses The pros of buying include:Owning a car builds equityNo limits and restrictions on usage, such as mileage limitsYou can sell your car at any time Consider how you will use your car, what you will use your car for, and how much you can afford to spend on car payments every month. If you love your leased car at the end of the lease period you can buy out your leased car with a car lease buyout loan from Auto Approve.That’s when you will have the best chance to get a great deal on a car lease.If you are thinking about buying your leased car, Auto Approve can help! Contact Auto Approve today to get started!GET A QUOTE IN 60 SECONDS

Summer is almost here and we are ready to pack our bags, slather on the sunscreen, and head out for vacation! But with such high prices it’s more important than ever to be smart about how we plan our summer fun. So before you click the confirm button on your summer vacation, check out our top ten ways you can save money on your summer vacation this year for maximum fun and minimum cost.Here are ten ways you can save money on your summer vacation.#1. Plan a staycation with day trips instead.Have you ever looked around your area and realized that there is actually plenty to do that you haven’t really taken advantage of? Instead of booking a hotel, flight, rental car, etc, use your summer vacation funds to take some fun day trips in your area. With the money you are saving on transportation and lodging, you can be sure to splurge on local activities and meals (and still stay way under your vacation budget). To make your staycation feel like a true vacation, make sure you hit the pause button on all of your tasks and projects. It can be hard to disconnect from everyday life, but scheduling out your days and treating your home like your hotel will help keep you in vacation mode. Hide the laundry baskets and tell your friends and coworkers that you cannot be reached. Here are some fun local activities that you may be able to enjoy in your area.Explore a park or nature preserve that is within driving distance.Go to a local amusement park, zoo, or water park for the day.Head to a beach, whether it's the ocean or just a nearby lake.Plan a camping trip, even if it’s just in your backyard.Have a movie day where you binge watch all of the movies you’ve been meaning to check out (a great rainy day option).Play tourist to whatever local museums or attractions your area has to offer. The options are endless and chances are there is more to do in your area than you realize. #2. If you want a destination trip, plan ahead.If a destination trip is your main goal, then planning ahead is incredibly important. When booking flights, be sure to monitor prices. Wednesdays are usually the best days to book flights (you can save $57 on average when compared to the most expensive day to book, which is Sunday). Research has found that booking your flight 76 days ahead of time is when you can usually find the best deals. But in general keeping an eye on prices and patterns and jumping on a good deal when you see it will help you secure a good rate. 3. Try to save at mealtime.It’s easy for spending to get out of control at mealtimes. After all three meals a day out for a week or two will quickly add hundreds and thousands on to your vacation bill. Instead, opt for more snacks and grab and go options and less sit down meals. Finding some BYOB spots can also help keep your dinner bills to a reasonable amount. 4. Use your cash back rewards.Cash back rewards can feel like found money, which is why we love using these rewards for fun stuff. If you save your rewards for the entire year, you will have hundreds of dollars that can help fund your meals, hotels, activities, and flights. Be sure to do your research and find a card with a rewards system that works for you and your spending habits. If you plan on flying, look for a card where you can earn miles.  Not only do you want to find a card that gives you rewards you can use, but you need to find a card that rewards the type of spending you do. If a lot of your shopping is at the grocery store, find a card that caters to this. Some cards will give you up to 6% cash back for grocery purchases, like the Blue Cash Preferred Card from American Express. Other cards cater more to online shopping or transportation purchases, so try to find the best one for your spending habits. 5. Bundle your vacation. You may be able to save more money by booking your vacation travel and lodging together. There are many sites that offer this, such as Kayak, Expedia, and Travelocity. But it’s important to not just assume everything will be cheaper if you book together. Again, you will have to do some research (and some math) to see what your savings are. Additionally if you are trying to apply rewards points and frequent flier miles you may need to book separately. 6. Book a vacation with friends.If you have some friends or family that are also looking for a destination trip, think about vacationing together. You may be able to find a house to rent that will be much more affordable than individual hotel rooms. Renting a house on AirBnB or Vrbo will allow you to cook some meals for your family, which can save a lot of money. You may be able to split a rental car and plan some at home activities, such as a game night, which can all add up to even more savings. 7. Pick a less popular destination.We know that it can be hard to ignore the allure of some vacation hot spots like DisneyWorld, but looking around for some off the beaten path vacation spots can save you a lot of money in general on your trip. Lonely Planet is a great resource for this and can offer some great suggestions on some fun and unique vacation spots. Some of their US vacation suggestions include:Buffalo, New YorkAlbuquerque, New MexicoGreenville, South CarolinaSt Louis, Missouri The United States has tons of beautiful and interesting cities that are full of history and charm, and most of them are cheaper and more accessible than the big cities like New York and LA. If you are looking to travel internationally, this applies even more. There are a ton of amazing vacation spots that are incredibly affordable. Laos, Turkey, Hungary, Thailand, Costa Rica, and Indonesia are wonderful vacation destinations that are very affordable (even downright cheap). 8. Treat your vacation savings like a bill you have to pay.If you plan to go on a vacation, you should try to save for it all year round. The best way to do this is to add your vacation savings into your monthly budget and pay into it every month. Saving a few hundred every month will mean that your vacation is covered when the time rolls around and there is much less pressure to scrounge together the money you need. There are loads of ways to trim your budget throughout the year, from refinancing your car loan to switching to generic groceries. Finding ways to save throughout the year will make planning your vacation much more enjoyable and stress free.9. Take care of your car for savings all year round.One of the biggest expenses for many people is the cost of their car. Car payments, gas, insurance, parking, and maintenance can all add up and seriously deplete our vacation savings. But if you take care of your car year round it will run more efficiently and save you money on gas, repairs, and maintenance. Making sure your tires are properly inflated, your oil is changed routinely, and giving your car a tune up when it needs it are all small steps that will keep your car running smoothly.  10. Take advantage of free activities wherever you go. There are most likely a lot of free or cheap activities available wherever you go. While it's fun to splurge on a few activities, be sure to look into local free activities. Here are some of our favorite free (or super cheap) activities that you can find in most vacation cities.Check out a festival. Most cities have festivals and parades throughout the summer that will offer an inexpensive way to experience the culture. Food carts, free entertainment, and a ton of sights to see–what could be better?Look into free admission nights and days. Many museums and exhibits offer free admission time periods. While these times are usually crowded, they give you a free activity and an engaging experience.Find a historical site and tour. Many historical sites offer free admission and guided tours. You can learn about our country's history and enjoy the fresh air with no cost to you.Look into walking tours. Many cities offer maps online of self-guided walking tours. You can follow the route and read along to learn more about the city’s history and hit the most famous spots it has to offer. Those are our top ten ways to save money on your summer vacation. Going on vacation is fun, but shelling out the cash for it is not. After all, you are supposed to recharge your batteries on vacation, not drain them because you are stressed about money. So do your homework, research, and budget year round to make sure your vacation is truly restful.  Looking to save money with a car loan refinance? Contact Auto Approve today to get started!GET A QUOTE IN 60 SECONDS

It’s no secret that the economy has been a bit all over the place the past few years. And while there are many reasons for this and many factors at play, one thing is for certain: a lot of people have seen their debt increase recently. In fact car loan debt is now at an all time high, with more people shelling out more and more money every month for their new car payments. So what’s going on? Here’s why car loan debt is at an all time high right now.How high is American car loan debt?US auto loan debt is at around 1.552 trillion dollars, which is up about 1.84% from the previous year. This number sounds so large it’s hard to actually imagine how much debt this is, but for the 107 million Americans who have auto loans, this means that their payments are higher than ever before. The average monthly car loan payment is over $700, up from about $620 last year. On top of that, 2 out of every 13 people with a car loan today are paying over $1000 a month.  These high car payments make paying for a new car nearly impossible for most people with moderate incomes, and many analysts feel that new cars are becoming a luxury that only high income families can afford.Reason #1: The interest rates are high.One of the primary reasons for the high amount of auto loan debt is the high interest rates. In an effort to combat inflation, The Fed has been increasing interest rates steadily over the past two years, which has had complicated implications for the economy at large.  The Fed has the task of balancing interest rates in a way that encourages reasonable savings and reasonable investing. When rates are very high, spending is discouraged and saving and investing is encouraged. When rates are low, spending is encouraged and saving and investing are discouraged.  In order to get our economy back on track after the pandemic, The Fed lowered interest rates to encourage spending and revive the economy. But now it must slow the amount of spending to decrease demand and keep the value of the dollar steady. And all of this leads to now, where the prime rate (the benchmark interest rate for the economy) is particularly high. This high prime rate affects rates across the board, including mortgages, credit card rates, and auto loan rates. This increase in car loan interest rates makes getting a new car all the more expensive, and makes it unattainable for some. These rate increases affect everyone, but they will affect those with lower credit scores the most. So if you need a new car and depend on a loan, you might be out of luck (and get yourself way in debt). Reason #2: Car prices are high.On top of the rising interest rates, cars are just more expensive in general right now. The average new car cost $49,075 at the end of 2022, which was an increase of $2,297 over the previous 12 months. So why such a jump?  Inflation is certainly part of the story, but there are many other factors that are causing this increase. The major factor is simple supply and demand. Auto manufacturers are still playing catchup from the pandemic which caused manufacturing to slow majorly. And there are still many people who are simply willing to shell out the money for a new car. Pickup trucks specifically have been selling particularly well, with Kelley Blue Book reporting that Ford sold more than 75,000 F-series trucks in December alone, with an average sticker price of $66,451. If people are willing to pay the price, manufacturers have no incentive to reduce prices. Automakers are still recording record high profits despite the fact that they are excluding millions of Americans from the car buying process. So even as we are moving past low supply levels, it seems unlikely that prices will lower. Additionally, new cars just have nicer features than ever before. Car buyers have come to expect a certain high level of trim, safety features, and infotainment systems that all add to the base price of the car. Cars are also more powerful now than ever before, with more horsepower coming standard. When you add on a few upgrades it’s easy to see how a new car price can tick up north of $50,000 very quickly.What should I do if I want to buy a new car?Unfortunately you might not have a ton of options if you have your heart set on a new set of wheels. If you can wait it out for a few months (or even a year) you may find better rates and reduced prices, but nothing is a guarantee. Some manufacturers are offering incentives and deals to encourage sales, but it might not be enough to make the sale worthwhile. If you really need a new car, it’s important to make sure your personal finances are in good order (a good credit score is still your best bet to get a good car loan interest rate). But there are also some other steps you can take to keep your car payments reasonable.Get preapproved for a loan. This will help to give you more negotiating power when you step foot in the car dealership. You already know what interest rate you have been approved for, so you know what interest rate the dealer will have to beat if they want to finance with you.Do your research ahead of time to compare prices. Look around at different dealers to compare prices and see where you can get the best deal. Decide what features you need. Determining which features you can’t live without will also help to keep you in your budget. Skipping on the upgrades and addons is a great way to keep your monthly car payments more manageable. Get a cosigner. If your credit score isn’t great, a cosigner may help you to secure a better car loan APR than you would be able to secure on your own.Buy your leased car to get a good deal. You will be able to buy your leased car for the amount that is listed in your leased contract, so you might get the best deal that way. While these steps may help to make your payments more manageable, it might make the most sense for you to wait on your new car purchase. That’s why car loan debt is at an all time high (and what you can do to get the best deal possible). If you are interested in buying your leased car, contact Auto Approve today to see how they can help! GET A QUOTE IN 60 SECONDS

It seems obvious: of course you should read all of the fine print before you sign anything. In today’s world where you have to read a novel to simply log on to a web page, it’s easy to get in the habit of skipping through the crux of the details when you are signing something. But when you are taking out a loan for a large sum of money, it’s incredibly important to pay attention to everything. What may seem like a throw away line might actually have big implications for you financially. So today we are going to talk about what fine print you can’t ignore and what you should look out for in your car loan contract. Let’s talk about car loan contracts and what you should look out for when signing one.What types of fine print should you look out for in your car loan? The Notorious Yo-Yo FinancingYo-Yo financing means that you are offered one rate when you initially discuss the loan, only to have that rate not apply to you. This tactic is also referred to as spot delivery. The dealer will tell you that you are free to take the car home even though the paperwork is not finalized, only to call you several weeks later to tell you that the paperwork fell through and you need to renegotiate. When you come in to settle this they will change the terms, and you may be left with a less than desirable rate and car loan contract.  You want to read the contract carefully to ensure that the rate that the dealer tells you is the rate that is actually listed in the contract AND that the financing paperwork is 100% complete before you leave with your new car. Yo-yo financing is illegal in some states, but not in all states so it is something you very much need to be aware of before you get a car loan. And remember: if a rate sounds too good to be true, it probably is. Deal Only Available In…It’s very common to see deals advertised as “only available in CA, NJ, FL” etc. And these deals usually exclude A LOT (as in most) states. So it’s important to ensure that the deal you are offered and the deal that you think you are getting are actually valid in the state you are in. You may be under the impression that you are agreeing to one rate or term, but the contract may have something else listed entirely.Car Loan Add-Ons (and New Car Features)One of the most common practices is for dealers to add on purchases and products to your car loan. These add ons commonly include:GAP insuranceVIN etchingTire and wheel protectionPaint and fabric protectionKey protectionCredit insuranceExtended warranties While some of these items may be something you are interested in, you need to make sure that they are not listed in your contract without your knowledge. You can usually cancel these add-ons after you sign, but doing so can be complicated and annoying. Additionally, you should ensure that the car does not have unnecessary features added on without your knowledge. Car add-ons can very quickly cause your car loan to increase by thousands. These upgrades may include:Upgraded trim levelAll weather matsHigh tech security featuresUpgraded entertainment system Again, some of these might be features that you want, but you need to be sure that the specific features you want are included on the contract.Here are some tips to get the best contracts.When you are looking to buy a new car, you want to be extra cautious when it comes to signing anything. Here are our top tips to ensure you don’t get roped into signing a bad contract. Get pre approved. The best thing that you can do before setting foot into a dealership is to get pre approved for a car loan. This will take a lot of unnecessary pressure off of you. Not only can you shop with the confidence of knowing what type of car you can afford, but you will already know what rate the dealership has to beat if they want to get you to finance with them.Bring a friend. It’s always a good idea to bring a friend or loved one along with you when you are looking to get a car. It’s great to have someone to bounce things off of, but more than that, it’s another set of ears to listen for any warning signs. This gives you another witness to what is being said to you. It’s also a good idea to have them read the contract as well. They may pick up on some fine print that you somehow missed.Don’t rush. It’s all too common for dealers to rush you into signing something. They want to get you in and get you out while making as much money as possible off of you. But if you rush you will most likely not read the contract fully, which can lead to issues down the road. Instead, be sure to take your time and tell the dealer you need time and space to review the contract before signing anything.Keep your bottom line in mind–and be prepared to leave. Before you set foot into the dealership you should know how much you can afford to pay for a new car. Keep that number in mind the whole time you are shopping and negotiating. It’s easy to get carried away with add on features and upgrades, but they can seriously mess up your finances. Remember that any add ons are included in your total loan balance, so you will have to pay interest on them. This can add up to a lot of money and throw a serious wrench in your monthly budget. You should aim to pay no more than 20% of your monthly income on transportation (this includes gas, parking, maintenance, tolls, insurance, etc) as well as your car loan payment. If the loan you are looking to sign will throw you out of your budgetary comfort zone, it’s best to walk away. What can you do if you enter into a bad car loan contract?There are a number of reasons your car loan contract might be less than ideal. Perhaps the rate you are offered is too high, or maybe there are add ons that you didn’t realize until after you signed on the dotted line. Either way there are some ways to amend your situation and get you out of the bad terms you are dealing with. If you realize that your car loan contract has add ons that you did not agree to, you should contact the customer service department listed on the contract immediately. Your contract should have time limits and details on the cancellation procedure, so that should give you a good idea of what to expect. Calling the loan company and explaining the situation will be your best bet if you are trying to get an exception after the cancellation period has ended. If the loan company agrees to refund your money, be sure to keep an eye out for it to ensure that it is actually canceled. It may take weeks or even months, so it may easily fall off your radar. But make a note to follow up if more than two months pass without a resolution. If there are other terms in your contract that you are unhappy with, such as the rate that is listed, your best bet is to refinance your car loan. When you refinance a car loan, you enter into a new loan that has new terms, including a new car loan interest rate. Preparing your personal finances and working to increase your credit score will help you to secure the best car loan rate possible when you refinance. When you enter into a new car loan, the new company will pay off your old car loan and you will be released from that contract (and from the terms that come with it). But be sure to read the new car loan contract carefully as well, or you may end up in the same situation all over again. Refinancing your car loan with a company that specializes in car loan refinance, like Auto Approve, can help make this process super simple and easy. By streamlining the application process your car refinance agent can help you save time, money, and a whole lot of aggravation. And most importantly: they can help you get out of a bad contract.That’s the fine print you should look out for when you are signing a car loan contract.It’s incredibly important to read the fine print and pay attention to all of the details. But if you end up in a bad car loan contract, the best thing to do is to refinance your car loan and get a better car loan contract. Contact Auto Approve today to see how they can help.GET A QUOTE IN 60 SECONDS