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"Education Allies" are organizations that share our commitment to expanding consumers' understanding of the vehicle financing process, and are working with AWARE to disseminate this information. To learn more, click here.
AWARE is currently working with the following organizations:
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The Council of Better Business Bureaus |
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AWARE is a national education campaign with a singular goal of building a greater understanding among consumers about how the vehicle financing process works.
Welcome to our E-Newsletter!
Assess Your Finances During Peak Car and Truck Buying Season
Americans will buy an average of 7.6 million new cars and trucks from April to August, according to data compiled by the National Automobile Dealers Association (NADA). With so many consumers in the market for a new car or truck... it’s the ideal time to do a yearly review of your finances to make sure you’re in shape to tackle the vehicle buying process…AWARE recommends taking these few steps to assess your financial situation... [Click here to read more]
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In this monthly column, Eric Hoffman of AWARE will address consumers' questions on how to determine whether or not to finance a vehicle purchase using a home equity line of credit. Here's an excerpt:
I understand that my credit history will have an impact on what APR I can get. What other factors will affect my rate?
There are a number of variables that are used to determine the APR you are offered at a dealership, bank, credit union, or financing company. Things like prevailing rates, the amount of your down payment, the amount you finance, the vehicle make and model, the length of the financing contract, special offers, and market conditions. Additionally, your APR could be affected by the credit history of any co-applicant you may have, such as your spouse. Depending on the financing company, a strong co-applicant may improve your ability to secure a lower APR. [Click here to read more] |
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AWARE (Americans Well-informed on Automotive Retailing Economics) is sponsored by the American Financial Services Association, National Automobile Dealers Association, National Association of Minority Automobile Dealers, American International Automobile Dealers Association, and other auto dealers and finance companies. All of the companies and associations involved have a long history of educating consumers about auto financing. For more information about AWARE, including AWARE members and how to become an Education Ally, click here. AWARE can be reached at (866) 693-4464 or via e-mail at info@autofinancing101.org. If you no longer wish to receive AWARE's e-newsletter, send an email with the subject line "unsubscribe" to info@autofinancing101.org. |
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