Home Articles posted by BCCL Staff


Leasing a car over buying one can be a great option for some - but not all. Learn more about leasing to see if your needs and driving habits would make this a viable option.

APR for Auto Loans

Annual Percentage Rate (APR) is a crucial concept to understand when considering auto loans. APR rep...
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Auto Loan Liens

It’s important to understand how liens work before taking out any loans or purchase cars so that a...
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Voluntary Repossession

What is Voluntary Repossession? Voluntary repossession is a process in which car owners choose to gi...
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GAP Insurance

What is GAP Insurance? GAP insurance is an optional type of insurance coverage that is des...
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What is Vehicle Equity?

What Does it Mean to Have Equity In Your Car? When a buyer finances a car, they are borrowing money ...
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Bankruptcy Trustee

What is a Bankruptcy Trustee? A bankruptcy trustee is a person that is responsible for managing the ...
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Underwater Car Loans

Being "underwater" is a common phrase to describe a car loan in which the value of the car does not ...
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Upside Down Car Loans

What Does Being Upside Down on a Car Loan Mean? If you owe more on your car loan than your car is wo...
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