Posts Tagged ‘buy a car’

Great Tips to Choose a Car Loan

Buying a car is fun when you know you have got the best car loan deal. Take a wise car loan decision by knowing every aspect of financing your dream car. Read to get a complete understanding of the many car financing options available with you.

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Be the first to comment - What do you think?  Posted by Alan Hendricks - March 3, 2012 at 10:35 am

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Treat Dealership Auto Financing as a Game – You Win if You Negotiate

Every business survives itself on profit!

Dealers are in for business. They are also trying to earn their bread like everyone else. So, don’t think that availing loans from them is a bad idea.

You might think that it is risky to buy a car from dealers. There are chances of buying a lemon or salvaged car. But, don’t worry about the quality of cars. Most of the cars are bought from wholesale auctions. So, often the cars are new and are driven for lesser distance. All you need is a little bit of caution to find that perfect car.

Dealers are not bankers. They have tie-ups with finance companies and banks and work for a commission. Also, few automobile manufacturers have their own finance companies. Dealers can also help you avail finance from such captive finance companies.

It is not mandatory for you to avail car loans from a dealer. This is just a service offered by dealers and you can reject it any time.

Generally, banks won’t even touch your application if it mentions bad credit score. But, dealers are quite liberal in that sense. They finance bad credit borrowers and those with past bankruptcy as well.

Before you go to a dealer, it is necessary to work out a budget. It will be beneficial if you also have a vague idea about the type of car you want to buy.

You should be prepared for a great deal of marketing. The salesman will want you to believe that he is offering the best deal and you will not get any deal better than this.

Once you reach the dealer’s lot, be alert. You must never tell the dealer how much you want to spend on monthly payments. Don’t tell him about the trade-in until you have negotiated the price. If you do so, he will deduct the trade-in car’s value before only. You will lose chance of any further bargain.

You must remember that everything is negotiable and you must negotiate your interest rate, loan term, conditions and rules, rebates, down payment, etc. Don’t forget to ask about pre-payment penalty. You shouldn’t sign until you’re satisfied about each and everything.

Be wary of add-ons. They might be absolutely unnecessary. All these add-ons won’t do anything other than increasing your auto loan amount.

Rust protection, undercoating, paint protection, etc. are already applied at the factory. So, you need not pay the dealer for all this. It is better if you do it on your own.

Don’t pay the “Dealer Prep” fee. This is charged just to take off the plastic and prep the car for you. You can do that on your own. This will save some $300 for you.

You also don’t need to buy expensive anti-theft system from the dealer. You can get it installed from a shop at a lesser price.

So, while availing dealership financing, you must be smart and not let the dealer increase the purchase price. Once you understand your needs, you will be able to say no to unwanted schemes and offers.

Dealers try to offer you everything under one roof. Take advantage of it. You are no longer required to visit several lenders. This is very large benefit compared to all the bargaining.

Don’t consider all this a hassle. Instead, consider it as a game. Take it as an opportunity to experience and explore something new. You will win if you save and the dealer will win if you don’t negotiate.

So, go out there and win the game. All the best!

RapidCarLoans.net is always available to help you with your easy car financing needs. Our huge network of dealers/lenders will not stop until you have a car of your own. Apply now to get rid of your financial woes.

Be the first to comment - What do you think?  Posted by Rock Watson - January 31, 2012 at 4:50 am

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Getting Second Chance Car Loans Through Subprime Auto Lenders

A bad credit rating need not ruin your financial life always. It does not stop you from owning a car of your choice. There are second chance auto loans available which will help you to fulfill your dreams. This will help you to secure the car and once you decide your requirements, you will be in a better position to choose the car that you always wanted.

There are several auto lenders those who adapt their business models to meet the requirements of people. Every lender has started offering several kinds of auto loans that will solve the financial needs of people those who want to own a car irrespective of their bad credit rating. You need not worry if your loan application was rejected initially. There are certain factors to be considered while applying for second chance auto loans through subprime auto lenders.

The first and foremost thing is not to go overboard. Do not attempt to buy a car that is out of your reach. This could place a financial burden in the long run. This explains the importance of getting loans that can be easily repaid. Make sure to get affordable monthly payments. This will allow you to spend for other family expenditures and safeguard your financial interests.

Second chance car loans are one of the best options as long as the perfect lender is found. It is important to find a lender those who can show great interest in customer’s requirements and not just working for money. This process should really help the borrower to come out of the debt problem and in overcoming other financial burden. Business is their ultimate motto but of course there are other things to be considered by every lender.

Another important tip is to consult with other family members or friend regarding your decision. Most of the lenders will take their time in approving this kind of loan. Make sure you have all the financial documents when you go to the lender. Credit history plays a vital role here. If you think you do not have a decent credit score, it is better not to apply for such loans. This will have a negative impact in the long run. It is always advised to opt for things which are within the reach.

It is important to understand that your application might get rejected if the car is too expensive for your current financial budget. This might damage your credit further if you go ahead and buy it. It is important to come up with a firm financial plan regarding the car loan repayment before you apply for the loan. Aspects like insurance, road tax, and other charges should be considered while buying. When you have a firm plan to meet all these expenses, you can go ahead and apply for a second chance automobile loan.

Be the first to comment - What do you think?  Posted by Auto Car Loan Financing Online - September 12, 2011 at 5:28 am

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How to Avail Auto Loans/ Best Ways to Avail Best Auto Loans

Do you want to buy a brand new luxury car? Do you want to go for used car or you want a brand new basic model car? Well, whatever be the type and model of the car that you want to purchase, there are many options available before you. These options can be easily secured through a reliable car loan lender and that too in less of time. You can select the car loan of your choice either from experienced car finance companies or you may even go for the online auto loan lenders.

You have plenty of choices to make, but keep in your mind that you choose only a reliable auto finance company. Don’t worry even if the lender is charging more because at the end you will be saving a lot.

You can also go for the online car loan calculators. These are the automated calculators which will help you to buy auto loans at best interest rates,  Here again you need to be aware about the entire automation process.

More aware you become about the online auto loan automation process, the better it will become for you. Do not be in a hurry. Show patience and act as per your conscience and the background information that you have researched.

Are you looking new car loans? Search out there on the Internet and shop and compare the interest rates charged by the auto loan lenders. Based on your deliberate shopping and comparison, you will be in a better position to take a go ahead. Discuss with the auto loan lender in detail on various facts pertaining to auto loans. In this way, you will be in a better way to get the best car loan to buy the best new or used car model.

Be the first to comment - What do you think?  Posted by carmoneyfast - March 28, 2011 at 6:32 am

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How True Are The 0% New Car Finance Deals

Financing a new a car is simple today as there are so many lenders competing for the business. There are various car finance deals available in the market, which adopt attractive marketing strategies that help in sale of the car loans for all credit types. The most sturdy marketing tools used in new car sales today is 0% new car finance, those who possess good credit can get zero percent cars financing generally. How to finance a new car if you have bad credit? The receiver of bad credit rating should always focus on some basics of getting the finance at the lowest interest rate available for the credit report. Various basics include the following:

  • You should try to make a small down payment.
  • You should try in getting a credit worthy co-signer.
  • You should buy a car according to your budget.
  • Look for the various deals very carefully which the lenders have to offer and see if one of these fits your needs.
  • You should always know your credit score so that you can try and improve it.

Where to get financing for a new car? You can find them online; apart from locating them through the Internet you can find the best in business through your local yellow pages directory. You can also find through various friends or relatives. These websites also offer free consultation, car quotes and various deals and discounts. You can also find useful tips about maintaining your credit and financing a new car. Information about refinancing an existing car loan and even negotiation tips to use when negotiating with the dealer. You just have to fill the application form with all the relevant details. Make sure that you locate and find the right lender for you.

Fill Up Free Application Form to Qualify

Be the first to comment - What do you think?  Posted by carmoneyfast - March 21, 2011 at 6:41 am

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