How secured auto loans work
Secured auto loans are the most common type available.
Kellye Guinan is a Bankrate editor. She joined the team in 2024 with seven years of experience already under her belt covering everything from auto loans to debt consolidation. Her journey started the same as most people, with little knowledge of the finance world outside budgeting basics.
Kellye helps others navigate auto and personal loans. At her core, she believes people deserve to make the most of their money and feel confident managing their finances, so she strives to write about personal finance in ways everyone can understand. Her goal is to break down the most complex aspects of personal finance into manageable tips paired with expert advice.
In her free time, she loves studying languages and reading an absurd amount of books. You can often find her around Chattanooga drinking bubble tea and lounging by the river. And yes, she will talk your ear off about the importance of smart budgeting — even when she’s not working.
No one is born with an innate knowledge of finance, but everyone can learn it if they have access to the right tools. She wants to ensure the advice, articles and comparisons she works on are factual without being bogged down by jargon. When we approach difficult topics with empathy and understanding, we succeed.
First-time car buyer programs often have more flexible requirements.
Time your car loan refinance right to receive the maximum benefits.
The reason you get a loan is personal, but it could affect which lender you select.
Federal student loans are usually best, but you may still need private loans.
If saving up isn’t possible, shop around for the emergency loan with the best rate.
Low-income loans exist but great rates are rarer.
Follow these tips to avoid falling prey to personal loan fraudsters.
Access to credit is tightening — here’s what it means for you.