11/19 Insurance and Auto Loans
Are you on the market for a new car? Have you come to the conclusion that you have no choice but to take out a loan? Auto Loans are a dime a dozen, but are quite complicated. One factor you may not have considered is insurance. Do you have life or disability insurance? If you do, alerting the lender to this fact might work in your favor when it comes time for them to decide if you’re a worthy candidate. After all, they will then know that you have resources to fall back on should something happen, and they will not be left hanging with your outstanding balance.