How Do Banks Evaluate Auto Loan Applications?

Picture of a Wells Fargo Bank

When you apply for an auto loan many financial institutions will look at your ability to purchase, the car or truck you want to buy, and the amount you want to finance relative to the vehicle’s value.

While there is no single formula that all banks and credit unions use to evaluate an auto loan application, these three criteria or factors are the most important, according to Austin Cegnar, finance manager at Maverick Car Company in Boise, Idaho.

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California Plans To Ban Gas-Powered Autos By 2035, Impacting Idaho

California Governor Newsom
California Gov. Gavin Newsom says future vehicles sold in California must be emission-free.

The state of California will ban new, gas-powered vehicles beginning in 2035, setting in motion changes to the automotive industry that could impact folks in Idaho and around the country.

On September 23, 2020, California Governor Gavin Newsom issued an executive order to require all new cars and trucks sold in the state to be “zero emission” by 2035. Effectively, giving automobile makers worldwide just 15 years to transition to electric vehicles.

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Are “Best Price” Dealerships Really No Haggle?

A screen capture of Craigslist

Changes in technology, new customer expectations, and personal integrity have transformed many segments of the automotive industry, so much so, that some “Best Price” dealerships really are no haggle and trustworthy.

For example, at Maverick Car Company, we value integrity in price above all else, and have four specific principles —including integrity— that guide our car and truck pricing philosophy.

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9 Tips For Buying A Used Car On Craigslist

A screen capture of Craigslist

Craigslist has thousands of used car and truck listings and can be a great place to find your next vehicle, but, Craigslist is also an ever-changing marketplace populated by honest folks, licensed car dealers, inexperienced sellers, and downright crooks.

This implies that you should approach the Craigslist classifieds with something of a plan, and what follows are nine tips to help you find and buy a used car or truck from Craigslist.

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