car financing Archives - Speedway Motors

7 Steps to Improve Credit for Car Financing

By speedwaystaff | February 12, 2025

Want a better car loan? Start by improving your credit score. A higher credit score can save you thousands on car financing. For example, a borrower with a strong credit score could pay $562/month for a $25,000 loan, while someone with poor credit might pay $878/month. Here’s how to boost your credit and secure better…

In-House Financing vs Bank Loans: Which is Better?

By speedwaystaff | January 29, 2025 |

When buying a car, you’ll likely choose between in-house financing (handled by dealerships) or bank loans (offered by banks or credit unions). Here’s a quick breakdown: Quick Comparison Feature In-House Financing Bank Loans Approval Time Same-day 1–3 business days Credit Check Flexible or none Requires good credit (650+) Interest Rates Higher (24%+ APR) Lower (5.5–6.5%…