Topic

financing

3 pieces tagged financing.

Debt-to-income ratio (DTI), explained

Your debt-to-income ratio shows lenders what percentage of your monthly income goes toward debt payments including your proposed car loan.

GAP insurance covers the difference between what you owe and what your insurer pays if your car is totaled.

The Federal Reserve dropped rates another quarter point this week, pushing average new car loan rates below 6% for the first time since early 2023.