LANE 1 MOTORS BLOG - ST. LOUIS, MO

Must-Know Car Financing Terms: Speak the Lingo


640 × 232


 

If you're a seasoned veteran of the car-buying world, you probably know a thing or two about what to look for in a vehicle--but even if you've bought and sold a ton of cars, if you've been dealing in cash, you might not be as confident with navigating the world of car financing.

Our blog is chock full of resources and articles about used car loans, bad and no credit, and general financing tips. But for this article, we wanted to step back a bit and look at some of the terminology around buying a car with…

read more
Categories:

Used Cars Under $10,000 for Sale Near STL

 

How much have you saved up for your next car?

$2,000? $1,000? $500? Less?

While there are some super-savvy savers out there who have a nice nest egg ready to go as a down payment (or cash buy) for their next pre-owned vehicle in St. Louis, there are plenty of shoppers who aren't going into the car-buying process with much in the saving account. And that's ok! That’s what we're here for.

read more
Categories:

What is My Used Car's Kelley Blue Book® Value?

690 × 460
 

If you're gearing up to sell your car, truck, or SUV in the St. Louis area, you're likely starting to look around at used car prices for similar vehicles to see what you charge for it. Ask for too much, and it'll take forever to actually sell it.

Ask for too little, though, and you won't be getting a very fair deal.

Finding the right balance for pricing won't just help you sell your vehicle faster, it'll help you be more confident in your transaction, whether you're selling it to a private party…

read more
Categories:

How a New Credit Card Could Help--or Hurt--Your Credit Score

620 × 413
 
 

With so many great credit card options out there right now, you may be really tempted to apply for your first card, or add a new card to the collection in your wallet.

But, you'll want to know exactly how opening a new credit account can affect your score, both in the short term and in the long run, before you make any final decision.

There are compelling reasons for and against getting a new credit card, and we're going to talk about all of them so you can feel good about the choice that you make, no…

read more
Categories:

Trade-in vs Refinance: What's Best for Your Car Loan?

693 × 460
 
 

Your car loan.

That pesky bill that hangs around month after month. If your current car loan has saddled you with high interest rates and expensive monthly payments, it's time to find a way out.

Two of the easiest and safest options for getting out of an unaffordable car payment are trading in the car for a different, more affordable vehicle--or, choosing to refinance your loan through the bank and get better rates.

read more
Categories:

This One Thing Could Change Your Credit for Good

620 × 413
 

Although there are a lot of great tips for keeping your credit on the up-and-up, there's one big rule that will make all the difference in the health and stability of your credit history and corresponding scores:

Make payments on time, all the time.

Month over month and year over year, timely payments are the most important thing that will be able to have a big positive impact on your credit.

Remember, though--anything that has a big positive impact when done well, can have a big negative impact if it's not done.
 

read more
Categories:

5 Vehicles You Should Definitely Buy Used

640 × 480
 
 

There are a few vehicles out there that hold onto value with such an unyielding grip that is actually is fairly financially smart to buy them new, and get the full benefits of that value.

However, those cars and SUVs tend to be rare in the automotive market, and they tend to be really specific models--like the Jeep Wrangler, the Subaru WRX, the Toyota 4Runner, and other "legacy" icons that seem to never go out of style.

Then, there are others.

Models that are upgrading and changing so often that used versions depreciate more than the average within the first…

read more
Categories:

How Will You Use Your Tax Refund This Year?

693 × 460
 
 

Whether you have your eye on plane tickets, or a new TV, or the newest smartphone for when your tax return check comes in, you're definitely thinking hard about the best way to use your money.

But, if you want to use your tax refund the most to your advantage, think about how you could put that money--whether it's $300 or $3,000--toward your car loans.

That tax money could be what gets you into the budget-friendly sports car that you've had your eye on. See how.

 

 

read more
Categories:

Responsible Car Buying Starts With the 20/4/10 Rule

 

799 × 305

 

If you're shopping on a budget, you may think that you need to scrape the bottom of the barrel to find a vehicle that you can afford.

But, if you follow the 20/4/10 Rule--a guideline recommended by experts from every corner of the financial industry--you may be surprised by how much car you can afford.

And, when you shop with Lane 1 Motors, you'll be surprised by how many options there are in your price range.

Check out what's recommended by the 20/4/10 rule, and see if an affordable pre-owned car is…

read more
Categories:

How to Check Your Credit Online for Free

640 × 425
 

Knowing your credit scores--and getting a look at your most recent credit report--can significantly change the way you shop for an auto loan in St. Louis. Especially if you have bad credit or if you have no credit.

But if you want that info straight from the source (Experian, Equifax, and TransUnion) you often have to pay for it. And for many of our local clients shopping for an affordable car loan, shelling out $20-40 for every single report is not a feasible option.

Fortunately, there is a solution! Free credit reports, as well as free credit scores, are readily…

read more
true true true true true true true true true true true true