TRESL® BLOG
General Auto Finance Education articles
Stay informed with expert-backed articles, practical tips, and updates to help you make confident financial decisions.
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GENERAL AUTO FINANCE EDUCATION
Car Loan Pre-Qualification: The First Step to Finding an Auto Loan
If you’ve ever researched loans and gotten overwhelmed with terms like car loan pre-qualification, pre-approval, and approvals, then you’re not alone. That’s why we’ve developed this handy-dandy guide.
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GENERAL AUTO FINANCE EDUCATION
Must-Know Tips for Getting a Good Car Loan Rate
You likely can’t predict the rate you’ll get just by polling your neighbors. Still, a little research never hurts. Here’s the latest data on auto loans—and more importantly,…
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GENERAL AUTO FINANCE EDUCATION
APR vs. Interest Rate For Car Loans
Most car loan contracts list two rates, your APR and your interest rate. The higher the APR, the more you’ll pay over the life of the loan. Lenders…
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GENERAL AUTO FINANCE EDUCATION
How Does Car Loan Interest Work?
Most car loans use simple interest, a type of interest of which the interest charge is calculated only on the principal. Simple interest does not compound on interest,…
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GENERAL AUTO FINANCE EDUCATION
The Four C’s Of Credit
You probably know that your credit score is important for getting a loan. However, your credit score is not the only factor that banks and other lending institutions…
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GENERAL AUTO FINANCE EDUCATION
What Is a Vehicle Service Contract?
The purpose of vehicle service contracts is to pick up where manufacturer warranties leave off. A warranty from a manufacturer is essentially a promise that your car is…
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GENERAL AUTO FINANCE EDUCATION
What Is A Loan To Value Ratio?
A loan to value ratio, or LTV, is simply the ratio of a loan amount to the market value of the asset to be purchased with the loan.…
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GENERAL AUTO FINANCE EDUCATION
What Is GAP Coverage?
Guaranteed Asset Protection (also known as “GAP Protection,” “GAP Coverage”, or simply “GAP”), protects you from paying for a car that no longer exists because of an accident…
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GENERAL AUTO FINANCE EDUCATION
What Is Tire And Wheel Coverage
Tire and Wheel Protection Plans supplement your insurance coverage, protecting you from paying for damage to your car’s tires and wheels when your insurance may not.
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