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How to lease a car with no credit history Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial decisions by offering interactive financial calculators and tools that provide objective and original content. We also allow you to conduct your own research and compare data for free and help you make informed financial decisions. Bankrate has partnerships with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn money The products that are advertised on this website are provided by companies that compensate us. This compensation can affect the way and when products are featured on this site, including for instance, the sequence in which they appear in the listing categories in the event that they are not permitted by law. This applies to our mortgage, home equity and other home loan products. This compensation, however, does not influence the information we provide, or the reviews you read on this site. We do not contain the entire universe of businesses or financial offers that may be available to you.

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3 minutes read. published March 03, 2023.

Written by Cheryl Knight Written by Cheryl Knight

Cheryl Knight

Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since late 2021. They are passionate about helping readers gain the confidence to take control of their finances through providing precise, well-researched and well-sourced information that dissects complicated topics into bite-sized pieces.

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At Bankrate we strive to help you make smarter financial decisions. While we are committed to strict journalistic integrity ,

This post could contain some references to products offered by our partners. Here's an explanation for how we make money .

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In 1976, Bankrate was founded. Bankrate has a proven track experience of helping customers make informed financial decisions.

We've been able to maintain this status for more than four decades through making financial decisions easy to understand

process, and giving people confidence in the decisions they will take next. process and gives people confidence in the next step.

So you can be sure that we're putting your interests first. Our content is written by and edited by ,

who ensure everything we publish is objective, accurate and reliable. The loans journalists and editors concentrate on the things that consumers care about the most -- the various types of loans available, the best rates, the best lenders, the best ways to repay debt, and more -- so you can feel confident when making your investment.

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Bankrate adheres to a strict code of conduct , so you can trust that we put your interests first. Our award-winning editors and reporters produce honest and reliable content to aid you in making the best financial decisions. The key principles We respect your confidence. Our aim is to offer readers accurate and unbiased information. We have standards for editorial content in place to ensure this is the case. Our editors and reporters thoroughly fact-check editorial content to ensure the information you're reading is true. We have a strict separation with our advertising partners and the editorial team. Our editorial team does not receive compensation directly through our sponsors. Editorial Independence Bankrate's team of editors writes for YOU as the reader. Our goal is to give you the best advice that will help you make smart personal finance decisions. We adhere to strict guidelines in order to ensure that our editorial content is not influenced by advertisers. Our editorial team is not paid direct compensation from advertisers, and our content is fact-checked to ensure accuracy. Therefore, whether you're looking at an article or review, you can be sure that you're getting credible and dependable information.

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There are money-related questions. Bankrate has the answers. Our experts have been helping you master your finances for more than four years. We strive to continuously provide our readers with the professional advice and tools needed to make it through life's financial journey. Bankrate follows a strict , which means you can be sure that our information is trustworthy and reliable. Our award-winning editors and journalists provide honest and trustworthy information to assist you in making the best financial decisions. Our content produced by our editorial staff is objective, truthful, and not influenced through our sponsors. We're honest about how we are in a position to provide quality content, competitive rates and useful tools to our customers by describing how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for the promotion of sponsored goods and, services, or through you clicking specific links on our site. This compensation could affect the way, location and when products are displayed within the categories of listing, except where prohibited by law. This is the case for our mortgage or home equity products, as well as other home loan products. Other elements, such as our own website rules and whether a product is offered in the area you reside in or is within your own personal credit score could also affect the way and place products are listed on this website. While we strive to provide the most diverse selection of products, Bankrate does not include information about every financial or credit product or service.

Having bad credit or no credit even exists as the biggest obstacle in leasing a car. However, there are many other alternatives to getting driving a new car -- even if you have less than perfect credit. You can get back on the road by committing to a bigger down payment, obtaining co-signers or signing over a lease. The impact of credit on leasing having no credit score or a low one, will not prevent the possibility of leasing, it may necessitate a greater down payment or higher monthly installments overall. The is mainly due to the higher interest rates that those with a lower credit score are eligible for. The credit score of those leasing new vehicles reached 734 during the quarter-fourth of 2022, a two-point increase from the third quarter of 2021, according to . This score falls under the category of "prime" -- that ranges from 661 to 780. Three options to get a loan with no credit If you are just beginning your journey and do not have a credit background, there are a few ways to get an auto lease. Additionally, when you have a lease, the payments will help you establish credit. If you decide to lease again you might obtain a higher interest rate and pay less. 1. A bigger down payment In along with reducing total expense of leasing over its duration, and thus the monthly payment and the ability to pay extra on a down payment can aid in obtaining a better credit score for the car lease. "Without an established credit score, you can expect to pay a bigger down payment and a higher interest rate than normal because your lease is considered to be more risky," says Steve Sexton, financial consultant and CEO Sexton Advisory Group. Sexton Advisory Group. 2. Find a co-signer A different alternative for obtaining an unpaid lease involves obtaining the co-signer. A qualified co-signer, who must have credit scores of good to excellent, takes on the responsibility of paying the lease if you're unable to. Co-signing provides a guarantee to the lender that the loan will be paid, regardless of your past payment historyor absence of it. "Having a co-signer with excellent to excellent credit will help reduce the risk overall since co-signers are responsible for fulfilling the lease's monthly payments in case you aren't able to," says Sexton. To improve the odds that this approach will work co-signers should have a credit score of at least 670, says Sexton. Be aware that ignoring payments could cause problems for your co-signer as well as yourself. 3. The option of taking over a lease on an already-existing lease one final way to get an unpaid lease. Instead of going through an individual leasing firm, talk to a leaseholder about . While the car company still checks your credit however, lenders are more likely to collaborate with you as the process of taking over a lease typically happens when the person who is taking over is at risk of default. "Taking over a car lease also increases your chances of leasing a vehicle with no credit as it also helps to minimize the risk to the lender," says Sexton. "There's also the possibility that you might end up saving money on a car lease in the long run via this route because when you buy the lease of another leasee, you can potentially benefit from what they've already put down on the car." There may also be incentives offered which are intended to make the process of taking over a lease more attractive, including having transfer fees paid. The bottom line Even with no credit history it is possible to lease an automobile. Make sure to increase the chances of being approved prior to heading towards the dealership. You can increase your chances of getting granted a lease by avoiding an additional down payment, locating someone with a solid credit score who will be willing to co-signer, or taking over the lease of a friend or relative. If none of these approaches do the trick, start working on building your credit score and applying in the future. Find out more

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Written by Cheryl Knight

Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain the confidence to control their finances by providing precise, well-studied information that breaks down otherwise complex topics into digestible chunks.

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How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for the placement of sponsored products and, services, or for you clicking certain hyperlinks on our site. Therefore, this compensation may affect the way, location and in what order products appear in listing categories, except where prohibited by law for our mortgage and home equity products, as well as other home lending products. Other factors, such as our own website rules and whether the product is available within your region or within your own personal credit score could also affect the way and place products are listed on this site. We strive to offer an array of offers, Bankrate does not include details about every credit or financial product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |

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5 tips to use a car-buying service Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with financial calculators and interactive tools, publishing original and objective content, by enabling you to conduct your own research and compare information for free to help you make informed financial decisions. Bankrate has partnerships with issuers, including but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The products that are featured on this website are provided by companies that pay us. This compensation may impact how and when products are listed on this website, for example for instance, the order in which they appear in the listing categories, except where prohibited by law for our loan products, such as mortgages and home equity and other products for home loans. However, this compensation will affect the information we publish, or the reviews appear on this website. We do not cover the vast array of companies or financial deals that could be available to you. SHARE Skynesher/Getty Images

4 min read Published June 15, 2022

Writer: Jackie Lam Written by Contributing writer Jackie Lam is a contributing writer for Bankrate. Jackie write about automobile loans. The article was edited by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate from late 2021. They are passionate about helping readers gain the confidence to manage their finances by providing precise, well-studied information that breaks down otherwise complex subjects into digestible pieces. The Bankrate promises

More info

At Bankrate we aim to help you make better financial choices. We are committed to maintaining strict ethical standards ,

this post may contain the mention of products made by our partners. Here's an explanation for how we make money . The Bankrate promise

Established in 1976, Bankrate has a long track experience of helping customers make smart financial choices.

We've maintained our reputation for more than four decades through simplifying the process of financial decision-making

process and giving people confidence in the decisions they will take next. Bankrate follows a strict ,

You can rest assured that we're putting your interests first. All of our content was written in the hands of and edited by ,

who ensure everything we publish will ensure that our content is reliable, honest and trustworthy. Our loans reporters and editors are focused on the points consumers care about the most -- the different kinds of loans available as well as the best rates, the top lenders, the best ways to pay off debt and much more. So you'll be able to feel secure when making a decision about your investment. Integrity of the editing

Bankrate has a strict policy and rigorous policy, so you can rest assured that we put your interests first. Our award-winning editors and reporters provide honest and trustworthy content to assist you in making the right financial choices. Key Principles We appreciate your trust. Our aim is to provide readers with truthful and impartial information, and we have standards for editorial content in place to ensure that this happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you're reading is accurate. We maintain a firewall between advertisers as well as our editorial staff. Our editorial team doesn't receive direct compensation through our sponsors. Editorial Independence Bankrate's editorial staff writes in the name of YOU - the reader. Our aim is to provide you the most accurate information to assist you in making intelligent financial decisions for your personal finances. We adhere to strict guidelines in order for ensuring that editorial content isn't in any way influenced by advertising. Our editorial staff receives no any compensation directly from advertisers and all of our content is checked for accuracy to ensure its truthfulness. So when you read an article or a review it is safe to know that you're receiving reliable and dependable information. What we do to earn money

There are money-related questions. Bankrate has the answers. Our experts have been helping you manage your finances for more than four years. We are constantly striving to give our customers the right guidance and tools required to succeed throughout life's financial journey. Bankrate adheres to a strict code of conduct policy, which means you can be confident that our information is trustworthy and reliable. Our award-winning editors, reporters and editors produce honest and reliable content to help you make the right financial choices. The content created by our editorial staff is factual, objective and uninfluenced through our sponsors. We're open regarding how we're in a position to provide quality content, competitive rates and useful tools to you , by describing how we earn our money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for placement of sponsored products and, services, or through you clicking certain hyperlinks on our website. Therefore, this compensation may affect the way, location and in what order items appear within listing categories and categories, unless it is prohibited by law for our mortgage, home equity and other products for home loans. Other factors, like our own rules for our website and whether the product is available in the area you reside in or is within your own personal credit score can also impact the way and place products are listed on this website. We strive to provide a wide range offers, Bankrate does not include details about every financial or credit product or service. If you are not a fan of negotiating with a dealer about the cost to buy a new car, a car-buying service could be a good alternative for you. You can do it from the comfort of your own home, and certain car buying services may offer ways to keep more money in your pockets. Can car-buying services work for you? The process of negotiating with dealerships can be daunting. If fear of a poor deal has kept you away from checking out dealer lots, a car-buying service can be a good alternative for you. There are two kinds of car-buying options: Membership-based and concierge services. Concierge service can help you determine the cost of the car and make the process of buying a car easier for you, such as transporting the vehicle at your home or to a nearby center so you can test drive it before purchasing. Many organizations, such as AAA warehouse clubs, warehouse clubs, and others, provide car-buying assistance for their members at no cost, says John Nielsen, managing director of automotive engineering and repair at the AAA National office located in Heathrow, Florida. Nielsen states that buyers who avail these services for buying a car could save thousands of dollars on their purchase. "I know somebody who bought a car from Our program that saved $2,600," he says. Though shoppers have the potential to save a good deal of money, not all car-buying services are alike, says Lauren Fix, founder of The Car Coach and Car Smarts and a consumer expert on autos. She advises consumers to know what the car-buying service has to profit from these deals, and whether their goals are the same as yours. Tips to use a car-buying service If a service for buying cars is appealing to you, think about these guidelines prior to pursuing one. 1. Businesses offer negotiation and convenience Car-buying services are designed for buyers who have a tight schedule and can't find and , explains Fix. For example, Carvana, a popular car-buying service, offers fixed rates and can deliver the car to your residence so you can test-drive it for seven days. The cost can vary, and some services charge a percentage of the cost of the car. In Meriwest Credit Union in San Jose, California, members are able to take advantage of the Autoland car buying service. Utilizing the service allows them to communicate with no one from a dealership, says William Fultz, an auto broker at Meriwest Credit Union. Members are paired with an expert in auto finance who will negotiate the car's price on your behalf and collaborate with them on getting a car loan from the credit union. 2. Free services are usually for members only . If you're member of AAA, AARP, Costco, Sam's Club or a credit union, you could be eligible to tap into their free car-buying services. Each program works differently and some may offer the service of negotiating the price of a vehicle on your behalf, while others provide pre-negotiated fixed costs. Some of these clubs and organizations may offer discounts, other benefits, or incentives that car manufacturers offer exclusively to their members. 3. Buyers must still conduct their research prior to contacting the car buying service Fix suggests browsing auto research websites, such as Edmunds or Kelley Blue Book, to learn the average sales price of your dream car in your local area. Another benefit to doing your research before you buy is that buyers will have a good idea of what they want before they contact the service company, Nielsen says. "It's difficult to guide with your search if you're looking at Minivans, Sports Cars or convertibles all at the simultaneously," he says. Nielsen recommends narrowing your search to your top two or three choices which include the make, model, color and options, before contacting an auto-buying service. "Think about the kind of car that you truly desire to purchase and the much you want to spend," he says. If a business has this data, it can work much more efficiently at finding the car you're looking for at a competitive price. 4. Know how car-buying services are paid While these services might be offered for free to members, they are included in any charges for membership. In the case of the concierge, they might charge a flat rate or a portion of the price of the vehicle. Car-buying services often can negotiate discounts with dealers because of the sales volume the dealership achieves through this process and can transfer savings to the customer. But consumers should be aware the company could be steering them to dealers which they've a commercial relationship, she adds. "You must check to see if you get the best deal," Fix says. Fultz believes referral fees could never be the primary benefit the companies get. Credit unions often offer car-buying services as they improve relationships between customers and their financial institution. "It helps us keep our loans within the institution on a greater basis," he says. "It helps us, the membership and dealers." 5. Learn about the return policy. Customers must be aware of the policy on customer satisfaction before they purchase the car or truck, Fix says. Otherwise, you might be stuck with a major purchase that you're not pleased with. You can check out the car-buying service's site, or contact customer service to inquire what the return policy is. Besides how many days you have after you purchase the car in order to take it back, make sure to see if there's an upper limit on the amount of miles you can drive. If you go over the number of miles that you can drive, you'll need to pay for every mile that is over the limit. The car isn't able to be returned damaged or altered the vehicle must be in the same condition it was in the day it was given to you. The final word is that using a car-buying service could be an option if do not want to bargain with salespeople on the lot, you would rather avoid stepping foot on a car lot or are tight on time. Before you make a call, do your homework and study the specifics including researching the charges involved, as well as the policy for returning a car purchased through a service. Learn more

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Written by Contributing writer Jackie Lam is a contributing writer for Bankrate. Jackie write about automobile loans. Edited by Rhys Subitch Edited by Auto loans editor Rhys has been editing and writing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to control their finances by providing precise, well-studied information that break down complex topics into digestible chunks.

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Related Articles Banking 5 minutes read on Mar 17 2023 Homeownership min read Oct 14, 2023 Finance for the Personal Finance 5 minutes read September 25 25, 2020 Personal Finance Read 4 minutes March 29, 2011

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How much an oil change costs Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial choices by providing you with financial calculators and interactive tools as well as publishing quality and impartial content. We also allow users to conduct research and compare data for free and help you make financial decisions with confidence. Bankrate has partnerships with issuers, including but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The offers that appear on this website come from companies that pay us. This compensation may impact how and where products appear on this site, including for instance, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage or home equity products, as well as other home lending products. But this compensation does not influence the information we provide, or the reviews that you read on this site. We do not contain the vast array of companies or financial offerings that could be available to you.

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3 minutes read. Published September 12, 2022

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At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that the Bankrate Financial Review Board thoroughly evaluated the article's accuracy and clarity. The Review Board comprises a panel of experts in finance whose goal is to make sure that our content is always neutral and fair. Their evaluations ensure that we are publishing quality and reliable content.

Written by Bankrate Written by

This article was written using automation technology and thoroughly verified and edited by an editor from our editorial staff.

Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are passionate about helping readers feel confident to take control of their finances with clear, well-researched data that dissects otherwise complicated subjects into digestible pieces.

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Mark Kantrowitz is an expert on student financial aid, including the FAFSA, scholarships, 529 plans, education tax benefits and student loans.

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At Bankrate we aim to help you make better financial decisions. While we adhere to strict editorial integrity ,

This article may include references to products from our partners. Here's an explanation for how we make money .

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Founded in 1976, Bankrate has a long track history of helping people make wise financial decisions.

We've kept this reputation for over four decades by simplifying the process of financial decision-making

process and providing people with confidence about the actions they should do next. Bankrate has a very strict ,

You can rest assured that we'll put your interests first. All of our content was written with and edited

They ensure that what we write is objective, accurate and trustworthy. Our loans editors and reporters focus on the things that consumers care about the most -- the various types of loans available and the most competitive rates, the best lenders, ways to repay debt, and more -- so you'll be able to feel secure when investing your money.

Integrity of the editorial process

Bankrate has a strict policy , so you can trust that we'll put your needs first. Our award-winning editors and journalists produce honest and reliable content that will aid you in making the best financial decisions. The key principles We value your trust. Our goal is to provide our readers with accurate and unbiased information, and we have established editorial standards to ensure that happens. Our reporters and editors thoroughly verify the truthfulness of content in order to make sure that the information you're reading is true. We have a strict separation with our advertising partners and the editorial team. Our editorial team does not receive compensation directly through our sponsors. Editorial Independence Bankrate's editorial team writes on behalf of YOU as the reader. Our aim is to provide you the best advice to help you make smart personal finance decisions. We adhere to strict guidelines to ensure that our editorial content is not affected by advertisements. Our editorial staff receives no directly from advertisers, and all of our content is fact-checked to ensure accuracy. Therefore, whether you're reading an article or a review, you'll be able to trust that you're getting credible and dependable information.

How do we earn money?

There are money-related questions. Bankrate can help. Our experts have been helping you master your money for over four years. We continually strive to provide our readers with the professional guidance and the tools necessary to succeed throughout life's financial journey. Bankrate adheres to a strict code of conduct , therefore you can be confident that our information is trustworthy and accurate. Our award-winning editors and journalists produce honest and reliable content that will help you make the right financial choices. The content we create by our editorial team is factual, objective and is not influenced through our sponsors. We're honest about how we are capable of bringing high-quality content, competitive rates, and useful tools for you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for the promotion of sponsored goods and services, or when you click on specific links on our website. Therefore, this compensation may affect the way, location and in what order items appear in listing categories, except where prohibited by law. This is the case for our mortgage and home equity products, as well as other home loan products. Other factors, like our own website rules and whether the product is offered in your region or within your personal credit score may also influence the manner in which products appear on this site. While we strive to provide an array of offers, Bankrate does not include information about each financial or credit item or service.

The cost of changing your oil can be different according to the type of vehicle you own as well as the location you're having the service done and the service provider you choose. However, it is crucial to be aware of how often you need to change your oil as well as an estimate of the amount it will cost in order to know the actual cost of owning a vehicle. What is the cost average of an oil change? Your vehicle's make, model and year contribute to its oil change cost. For instance, a smaller vehicle will cost less than an SUV since it needs less oil. Most cars need specific kinds of oil -- synthetic, synthetic blend high mileage, conventional or synthetic as well as conventional, which will increase the cost. Conventional is the most affordable and full synthetic is the priciest. As of May 20, 2022 the price of an oil change calculated based on six franchises across the nation is $31.66 for the simplest service, with no additional quarts or extra quarts, and $75.32 for the top-end service that comes without extra quarts. It is highly unlikely that you'll receive an oil change for less than $30. Factors that impact the cost for an oil replacement The cost of an oil change is not set in stone. The various variables affect what you will have to pay. The kind of vehicle the kind of vehicle has the most impact on the cost that an oil service will cost you. It's important to be aware of how much oil the vehicle takes and what type is recommended by the manufacturer prior to you go to the store. Larger vehicles, like trucks and SUVs, will require more time and labor to finish the work. Make sure to inquire with the advisor for any special pricing they might offer. Certain places provide discounts if you select their preferred oil or other services. Location The cost of an oil change is also dependent on your location. If you are in a more expensive part of the country -- for instance, an urban area that is a major oneyou could be expected to pay more than a person in an area with a lower costs of living. Service provider The cost of an oil change can also vary by what service you choose. In many areas, there are many service suppliers to pick from. Don't only compare prices when choosing which one to take your car to. Also, you should consider the reputation of the business you choose. If you are considering discount services ensure that it's associated with a company that is reliable and reputable. When should you change your oil? It's essential to change your oil in the manner suggested by the manufacturer if you wish to ensure that your car runs smoothly. Failure to do so could cause your vehicle to perform more, causing undue strain. Although you may be tempted in the interest of saving money, by delaying the next oil service, you'll actually be paying more over the long term. It doesn't mean that you should be running in every 3,000 miles, or every four months. The latest models have better technology, and can last more time between maintenance. Check your owner's manual for the specifics for your car. Oil service add-ons Several additional services are provided in conjunction with the standard oil service. Many shops offer these services at a reduced cost when you buy them together with an oil change. However, the drawback is that these add-ons add up. And there's no guarantee that you will receive an offer. Note that some add-ons are only included in a package and may not be sold as a standalone service. Tire rotation This service is generally included in the oil change package, however you might be required to pay a fee if you choose to get the tire rotation service separately. Cabin air filter change The recommended intervals for replacing an air filter may differ based on the vehicle and the manufacturer. Make sure you check yours prior to deciding to buy this extra. You may also be able to change the cabin filter by yourself. If it's dirty, but it's before the replacement is due, you may be able to clean the dirt off. Change the air filter in your engine as that of the air filters in your cabin, the recommended interval for replacement differs. Be sure that you're in a position where you require a new filter prior to having it replaced during your oil change. Windshield wipers While you may be able to get your wipers replaced during the oil changing process, this may be less costly to tackle the job on your own. Make sure that it's at a discount, otherwise this is likely to be an easy task to do on your own. The key to remember when making comparisons, don't look at the total price of an oil change. Instead, take a look at the various costs and add-ons that are involved. Make sure to plan your next oil change for when your car requires it. If you're not sure, make sure you check the owner's manual, or contact your dealer. Learn more

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Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are passionate about helping readers gain confidence to take control of their finances by providing concise, well-researched, and clear data that breaks complex topics into manageable bites.

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Review by Mark Kantrowtziz. Reviewed by Nationally recognized student expert on financial aid

Mark Kantrowitz is an expert on student financial aid including the FAFSA, scholarships, 529 plans as well as tax benefits for education and student loans.

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