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Disclaimer

Lenditia explains how car financing generally works. It cannot know your contract, your credit file or the deal in front of you, so use our pages to prepare your questions, not to answer them for good.

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General information only

Everything on Lenditia, including articles, state pages, the glossary, the FAQ and the calculators, is general information about car loans in the United States. It is written for a broad audience and does not take your income, credit history, contract or state of residence into account.

Nothing on the site is legal, financial, credit or tax advice, and reading it does not create a client relationship of any kind with Lenditia. If your situation involves a lawsuit, a repossession, a bankruptcy, a dispute with a dealer or a large sum of money, talk to a lawyer licensed in your state, a nonprofit credit counselor or another qualified professional before you decide.

We are not a lender

Lenditia is not a lender, a car dealer, a loan broker or a government agency. We do not make credit decisions, set rates or arrange loans. When we describe what lenders usually do, we are describing common practice, not the policy of any particular company. Only the lender or dealer can tell you whether it will finance you and on what terms. See our licensing page for how to check a company’s license.

Examples are not offers

Calculator results and the worked examples in our articles are estimates worked out from your inputs and the assumptions on our methodology page. They show how the math works; they are not an offer, a rate quote or a prediction of what you will be offered. A real contract can differ because of the lender’s pricing, your credit file, fees, taxes, add-ons, the payment schedule and rounding.

Average rates we quote come from published market data, such as Experian’s quarterly reports on the auto finance market, and from the Federal Reserve. Averages describe many borrowers at once, so your rate may be well above or below them.

Laws and figures change

State rules on rate ceilings, documentation fees, sales tax and repossession change through new laws, regulations and court decisions, and some caps are adjusted every year. Every page carries its last update date and the date its sources were checked, and our updates page lists significant changes. Even so, a page can fall behind a recent change.

Check the source before you act

  • Read your own contract and the federal Truth in Lending disclosure box, where the APR, the finance charge and the total you will pay are stated.
  • Check state rules with the regulator or statute linked on your state’s page in our state laws section.
  • Ask the lender or dealer to put any promise in writing before you sign.
  • For a complaint or a dispute, contact your state regulator, your state attorney general or the CFPB at consumerfinance.gov/complaint.

Links to agencies, regulators and other websites are there so you can check our work yourself. Those sites are run by others, and what they publish is their responsibility. Partners that contact you after a financing request are independent businesses responsible for their own offers and conduct. If something on Lenditia looks wrong or stale, let us know on the contact page.