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Auto loan calculator and credit-preparation resources.
Helpful information and tools to help you prepare for your next vehicle purchase.
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Insurance Basics
Learn the difference between liability, collision, comprehensive and uninsured/underinsured motorist coverage.
Credit Preparation
Review your credit, organize documentation and understand your budget before applying.
PAYMENT CALCULATOR
Estimate a monthly payment.
Auto insurance basics
Understanding a few common types of auto insurance can make it easier to compare policies and know what may be required when a vehicle is financed.
Liability coverage
Bodily injury liability generally helps pay for injuries you cause to other people. Property damage liability generally helps pay for damage you cause to another person’s vehicle or property. Required limits and coverage rules vary by state.
Collision coverage
Generally helps pay for damage to your vehicle when it collides with another vehicle or object, subject to the deductible and policy terms.
Comprehensive coverage
Generally helps cover non-collision losses such as theft, fire, vandalism, hail, flooding, falling objects or animal strikes, subject to the deductible and policy terms.
Uninsured / underinsured motorist
May help protect you when an at-fault driver has no insurance or does not have enough insurance to fully cover a loss. Availability and requirements vary by state and policy.
What do numbers such as 25/50/25 mean?
Liability limits are often shown as three numbers. In a 25/50/25 example, the numbers commonly represent up to $25,000 of bodily-injury liability per person, $50,000 per accident, and $25,000 of property-damage liability per accident. Your actual policy and state requirements control.
Financing a vehicle? A lender may require collision and comprehensive coverage while there is an outstanding loan balance. Insurance requirements, deductibles and policy terms vary, so confirm the coverage required by your lender and insurer.
General educational information only. AutoCreditNet.com does not sell insurance or recommend a particular policy or coverage level.
Know what’s on your credit report before you apply.
Reviewing your credit reports before shopping for a vehicle can help you understand information a prospective creditor may review and give you an opportunity to identify information that may be inaccurate or incomplete before you apply.
Credit report vs. credit score
Your credit report is a record of information about your credit accounts and payment history. A credit score is a number calculated from information in a credit report. They are related, but they are not the same thing.
Review for possible errors
Look for accounts you do not recognize, incorrect personal information, or payment information you believe is inaccurate. If you find inaccurate or incomplete information, you have the right to dispute it with the credit reporting company and the company that supplied the information.
Get your free credit reports
AnnualCreditReport.com is the federally authorized online source for free credit reports. You can check a report from each of Equifax, Experian and TransUnion once a week for free. Checking your own credit report does not lower your credit score.
GET YOUR FREE CREDIT REPORTSOpens AnnualCreditReport.com in a new tab. AutoCreditNet.com is not affiliated with or endorsed by AnnualCreditReport.com or the nationwide credit reporting companies.
Dispute errors before they complicate your application
If you find information that is inaccurate or incomplete, you can dispute it yourself for free with the credit bureau and the company that supplied it. Keep copies of your records and responses. Investigations generally take 30 days, with up to 45 days allowed in certain situations; a dispute does not promise removal of accurate information or a particular credit-score increase.
Read our step-by-step credit report dispute guide, including investigation timelines and follow-up steps. Review your reports early enough to allow time for questions or corrections before you shop for financing.