Can You Negotiate a Car Lease Buyout Price?
In most cases, you can’t negotiate the buyout price at the end of your car lease. At the beginning of your car lease, the leasing company estimates the car’s residual…
Shannon Bradley
Shannon Bradley covers auto loans for NerdWallet. She spent more than 30 years in banking as a writer, creating educational content to help individuals and businesses with financial decision-making. Shannon has a bachelor’s degree in journalism from the University of Southern Indiana. She has two married (and financially independent) sons, a granddaughter with a 529 savings account and two rescue dogs with no financial concerns. Email: [email protected]
Posts by Shannon Bradley:
Car Loan-to-Value Ratio Explained: Why LTV Matters
A car’s loan-to-value ratio, or LTV, is the amount you want to borrow divided by the value of the car you want to buy. Because auto loans are secured —…
How to Lower Your Car Payment
You can lower your car payment, but the strategy you choose depends on your personal financial situation. Maybe you financed your car at the dealership and now realize you could…
How Do Car Loans Work?
Car loans work by providing a lump sum of money for you to buy a car. Then, it’s yours to drive, while also making monthly payments on the loan (with…
Does Paying the Principal Lower a Monthly Car Payment?
Paying extra toward the principal won’t lower your monthly car payment. It may save you money in the long run by shortening the loan. The amount you will pay each…
Refinancing a Car: What Are the Pros and Cons?
The benefits of refinancing your car loan can include lowering your monthly car payment, reducing the interest you pay or shortening your loan term. The downsides to auto loan refinancing…
Average Car Loan Interest Rates by Credit Score
If you’re in the market for a new or new-to-you vehicle, average car loan interest rates by credit score may give you an idea of what rate to expect from…
Auto Lease Buyout Calculator: How Much to Buy Your Leased Vehicle?
If you’re thinking about keeping your leased vehicle, or maybe buying it to resell, a lease buyout calculator can help with your decision. You can input information about your current…
When Can You Refinance a Car Loan?
If you recently bought a car, you may wonder when you can refinance your car loan to reduce the interest rate or lower the payment. Strictly speaking, you can refinance…
Best Lease Buyout Loans
Compare lenders that make auto lease buyout loans, current rates and common requirements.
