December 17th, 2015
A recent University of Michigan study showed that car ownership was declining in America, but with over 90 percent of households still owning a vehicle, it clearly still plays a major role in most people’s daily lives. Millennials are more likely to be interested in things like ridesharing than older generations, but a large number of them are still buying cars. We analyzed data from our 45 million members and found that 36 percent of Millennials (which we define as people between the ages of 18 and 34) who use Credit Karma have car loans.
July 23rd, 2015
We scoured Credit Karma’s own data for the cities with the highest percentage of Credit Karma members that have open auto loans. As it turns out, America’s southern states are the nation’s auto loan power center, providing 80 percent of the cities on the list.
October 3rd, 2014
Join our Tweetchat on Tuesday, October 7th at 2PM PST. This week we'll be discussing how your credit score affects the car-buying process.
December 20th, 2012
>With hybrid and electric cars becoming ever more popular, have you ever wondered if they really do save you as much money as some may think? The answer may surprise you.
November 19th, 2012
Most of what you read in personal finance blogging tells you that you need a perfect credit score. While many of us think about credit scores as a quest for 850, there is really no need to have a perfect credit score.
November 16th, 2011
According to statistics published by the Federal Reserve and reported by Businessweek, non-revolving credit experienced an $8 billion dollar boost during the month of September. This gain was comprised of school loans, mobile home loans and car loans. While downgrading to a mobile home and borrowing money for school makes sense, especially in September, an increase in car credit may seem out of left field at first glance.
April 19th, 2011
Do you know Flo, the Progressive Insurance spokesperson? Well, she’s got something new in store for Progressive customers, and this product won’t cost them a cent. In fact, it’ll most likely save them money.
April 15th, 2011
When shopping for a car loan, many consumers commonly believe that monthly affordability should be the only concern in order to avoid the risk of defaulting on payments. Your monthly payment is important, but your APR is just as crucial.
March 4th, 2011
When you think about the first “big” purchases of your lifetime, a car is usually is one of them.
But, cars, like all other “big” purchases, come with a big price tag. Here's your steps to a credit-savvy & sweet drive.
January 21st, 2011
Whether you’re working on improving your credit health after a bankruptcy or just getting started as a borrower, making car payments on an auto loan is an excellent way to establish or build your credit score.Read this guest post from MoneyAisle on how car loans can help prove to lenders that you are creditworthy.