When It Comes to Car Loans, Shorter Is Often Better

When It Comes to Car Loans, Shorter Is Often Better

A longer-term loan can make even the most expensive car look affordable. By stretching out the loan over many years, your monthly payment is likely lower, but you could end up paying a lot more in interest. Still, many people find such loans attractive. The average...
The new CARS Rule: What you need to know

The new CARS Rule: What you need to know

By Alvaro Puig, FTC Consumer Education SpecialistDecember 12, 2023 Editor’s note: The Rule took effect on July 30, 2024. Whether you’re excited about buying the car of your dreams or just trying to make your budget stretch to get reliable transportation, the car...
Preapprove Your Way to a Better Car Deal

Preapprove Your Way to a Better Car Deal

Before you set foot on the car lot, get preapproved for an auto loan at Armco Credit Union. Getting preapproved for a car loan means you’ll know what kind of rate you’ll pay, and what size loan you’re qualified for. Armco Credit Union allows you to...
We Finance Used-Car Sales From Private Sellers

We Finance Used-Car Sales From Private Sellers

Did you know Armco Credit Union can set you up with a low-interest car loan, even when you’re buying from a private seller? Buying from a private seller instead of a dealer can help you get the best price on a used vehicle. You’ll need to do some extra research to...
How to Get a Great Price on Your Next Car

How to Get a Great Price on Your Next Car

    Are you thinking of buying a car, but want to make sure you get the best price? Here are a few tips to help you find the right car at the best price. Buy “off-season.” Peak demand for cars is in the spring and fall, but if you want to find a bargain, shop for a...
What to know when buying a used car online

What to know when buying a used car online

Jim Kreidler, Consumer Education Specialist, FTCJuly 2, 2024 Buying a used car instead of a new one might save you some money. But finding, researching, and negotiating to get a used car can be challenging. Online sellers might claim to make buying a used car cheaper...