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Things You Need To Know When Getting A Student Car Loan

 

Are an individual fed up with taking the coach to college? If so, remodel which will you'll need a car, that may help you to access different locations quicker as well as on time. Today, there are numerous students which consider it a problem. An advanced student that is studying and working at the exact same time, you then must be exploring to locate an easier method of getting about. There are many institutions that have introduced a first time car buyers programs, which allows a student to easily make an application for student car loan, even if you possess a poor credit or perhaps lower credit.

With student car loans with no job you may get several benefits. By getting car lending options for students along with no credit is needed a person build up the no credit history or a poor credit user profile right into a good one. Each month whenever you is likely to make repayment to your car loan, this is reported to every and each agency available, as well as in the end this may increase your monetary efficiency through upping your credit score. To obtain a car loan no credit history is no much more an issue. Just like the majority of the companies that coping the actual car loan, merely becoming younger or perhaps creating a good credit isn’t a factor for getting approved for any loan. This is because a good auto loan is a form of a attached loan. The actual financial institutions and other credit unions sense safe whilst financing you a loan, since they know the fact that if you're going into go into default they are able to take your own car instead.

Get information about how to buy a car with bad credit score

There are a few some other agencies that offer you student car lending options together with no job. Getting the student car loan although you may have no career is not a tricky action to take. In reality, as mentioned above, it is quite an easy action to take. All that you should do is merely make certain you help make your loan payments fully and also completely on time, each month. There are just couple of organizations which supply car loan with most adaptable terms and conditions. The majority of the finance institutions prefer to package directly with all the dealer.


Posted on: 10/10/2012       Posted in: business/automotive/
Dealership Financing Can Benefit Bad Credit Borrowers in Getting A Car Loan

Cars are not just a materialistic invention anymore. They are part of us and we absolutely love them. Americans are extremely emotional towards automobiles. Owning that perfect car is everyone’s dream but not every American has the privilege to fulfill it. And, what acts as an obstacle in buying that perfect car? Bad credit - It’s one of the most dreaded situation in the world of auto financing.

People have faced their worst financial fears in the past few years. There have been lay-offs which have made regular payments difficult. All this has resulted in bad credit scores. A poor credit score guarantees high interest rates and unaffordable monthly payments. This means you never get to satisfy your car requirements. But, it’s time to say good-bye to these troubled times. Dealership financing is a ray of hope for troubled credit borrowers. Dealers understand that people are unable to purchase a car through credit unions and banks. Demand for bad credit loans is ever increasing and it makes sense to offer such a loan type. If poor credit is your story, dealers can help you.

Dealers and Finance

In dealership financing, dealers don’t finance your car. They act as an effective link between lenders and borrowers. They have a network of lenders and banks and this network provides car loans. Also, dealers work with car manufacturers’ “captive” finance company. This means you have greater chances of availing a bad credit auto loan because of several options.

How Can You Benefit From Dealership Financing?

When you have a bad credit score, lenders consider you very risky. They don’t want to lose money and so, shy away from offering car loans. For a poor credit borrower, a dealership can be a great option. Other than this, there are several other advantages when it comes to getting a loan from dealers.

1. It is quite simple and a rather quicker option.

2. One stop shop solution for all your car needs.

3. Tie-ups with several lenders mean easier car loans.

4. Owing to stiff competition, dealers offer several low-rate programs.

5. Banks have stringent lending rules and it may act reluctant in future for another loan. But, if you opt for dealer financing, your car is used as collateral so you get to keep your credit options open.

6. Lenders ask for detailed information about the car. But, as the dealers know about their own lot, undue scrutiny can be avoided and you won’t be required to give all the tiring details.

Precautions to Avoid Any Frauds

Dealership financing is often considered a sham to con borrowers. But, not all dealers cheat borrowers. They want to continue business and satisfying their customers is the only way to remain in business. Interest rates would be high because of your bad credit history, but by no means unfair.

Not every dealer will con you, but it is always important to be careful. Solve your doubts every step of the way. Understand each and every aspect of the deal. If you are not confident of the loan contract, take legal help. It’s always better to be clear from the beginning.

So, be cautious and get that car you always wanted with the help of dealership financing. Your automotive dream should no longer be left to fate. Don’t suffer because of bad credit history because your future looks great with car dealer financing.


Posted on: 20/03/2012       Posted in: business/automotive/
A Low Income Auto Loan Is a Boon to Borrowers with Low Income

Modern technology has gifted man one of his greatest passion – cars. Ever since the invention of steam engine vehicles in 1769, cars have been popular. Everyone is just floored by the beauty of a car.

Sadly, buying a car has become difficult. All thanks to high purchase prices of these beauties. Most new cars start from $20,000 and a good used car is also expensive. Also, the gas prices are increasing which makes car buying very hard.

The economy is reviving and people have just started getting their jobs back. Finding a high income job is still a challenge. This creates a very bad situation because a car is needed to reach your work place but you cannot afford it with your job. Lenders have understood this situation quite well and that is why auto loans for low income borrowers have been introduced.

Most lenders require you to earn at least $1,500 per month. But, you can avail these loans even if your income is as less as $1,000. Now, don’t worry if you earn less than it because there are many other factors which decide your approval. Know them so that you can tackle them well.

1. Credit Score - Higher the score, better it is.

2. Credit Profile - Here the requirement is that it should be longer.

3. Term of Loan - You should try and keep it short.

4. Loan to Value Ratio - 70% -80% is optimum.

5. Down Payment - 10%- 20% would improve your chances.

6. Employment Term - At least six months.

7. Time at Residence - You need to be living at the same residence for at least six months.

8. Co-signer - Having a co-signer reduces lender’s risk.

When you have a low income, you must be better at these aspects. Now, it is quite possible that you have a bad credit score and earn less. For such a situation, get a larger down payment and search for a co-signer.

Now, as you have low income, it is essential that you don’t go for a very expensive car. If you go for an expensive car, its payments would also be huge. To avoid them, you will have to go for an unnecessarily longer loan term. This will increase the chances of an upside down loan. Hence, a used car is your answer. Once you improve on your income, you can always buy your dream car. Right now, it is important to get you a car that works for you. When you go for a pre-owned car, don’t forget to read the Vehicle History Report. It’s always good to know what you are getting into. Also, get the Odometer Disclosure Report because few lenders do ask for it.

Applying for low income auto loans is simple because you don’t need any additional documents. The only important thing is to prove your income. For that, you can use your recent pay stubs. If you are self-employed, it is important that you provide your IT details to the lender.

Low income auto loans are easy to get and a boon to those who are struggling with low income. So, don’t wait anymore. Cars are a necessity and it’s time to fulfill your car needs. Avail them and get ready to ride comfortably in your car.


Posted on: 19/03/2012       Posted in: business/automotive/
No Money Down Auto Loans â€" A Reality For Sub-Prime Borrowers

Inventions have come and gone. But, the invention called automobile has stayed forever. Americans have simply welcomed cars onto their roads and into their hearts. It has become an absolute necessity now. It's amazing when we are able to buy our favorite car and fulfill our long cherished car dream.

Sorrowfully, car buying is difficult because of down payments. The initial upfront amount that is paid while buying a car often creates mayhem in the lives of car buyers. Most buyers face problem in arranging money. Car dreams are shattered due to lack of down payment. And, if a borrower has a bad credit, he is doomed to see his application rejected.

But, things won't be the same now. Lenders have perfectly understood this difficult situation and have introduced no money down auto loans. Don't worry about your average or poor credit score. You can avail this loan option with any type of credit score. It's not like lenders have suddenly become sympathetic. It's simple economics. Many buyers face problem in getting down payment and their bad credit scores make sure that they are left high and dry. This opens a niche segment for lenders and a great business opportunity. Also, the lenders are going to use your car as collateral so they are not doing a favor. It's just plain business sense.

While getting these loans, a trade-in would benefit you. It will bring down the loan amount and also lower chances of an 'upside-down' loan. If you don't have an old car, make use of rebates. Most dealers offer the choice between rebates and down payment. If you forgo rebates, then you can opt for the no money down option.

How to Avail No Money Down Auto Loans with A Bad Credit History?

Large down payments can be tackled with no money down auto loans. All you need to understand is the exact procedure to avail these loans. Here's a detailed explanation of the same.

Ignorance Is Never Bliss When It Comes To Credit Score

Know your credit score before applying for a loan. There have been instances when dealers and lenders have charged exorbitant interest rates under the pretext of a bad credit score. So, check your credit report and credit score. If there are any unwarranted inquiries or errors, ask the credit bureaus to remove them. It will result in a better credit score. Also, paying smaller debts can help you. Once you are sure of a perfect report, apply for the loan.

Internet to Your Rescue

Make use of internet to get in touch with lenders that offer zero down payment option to bad credit auto loans borrowers. While dealing with online lenders, ensure their reliability and security of your personal information.

Easy Procedure

Applying for no money down auto loans is easy because you don't require any extra paperwork. Pay stubs / income tax returns (for self-employed) can be used for proving employment and income requirements. Other than that, utility bills will serve the purpose of ascertaining your time at residence.

So, don't wait anymore. Buy that car you always wanted with no money down auto loans. It's time to forget your credit score blues; it's time to drive your dream car.

With no money down auto loans, poor credit borrowers can say no to humongous down payments and say yes to humongous happiness!

Ezautofinance.net wants to see you driving your dream car. We offer great loan options to sub-prime borrowers. Here's your golden chance to avail no down payment auto loans at great rates. Apply on our website for zero down bad credit auto loans and turn your car dream into a reality.

All the best!


Posted on: 16/03/2012       Posted in: business/automotive/
Buying a New Car Is Easy With New Car Loans

What America drives, drives America. How true! Each one of us is extremely passionate about the four-wheeled invention. From the humble beginning in 1907, to the sleek cars today - cars have come a long way. Manufacturers keep launching new cars every year and we absolutely love to drive those beauties on street.

The New Car Prestige

Most of us search for a chance to replace their clunker with a brand new car. A new car means reduced maintenance cost, warranty coverage and more importantly, peace of mind. Moreover, there are higher chances of buying a junk and salvaged used car.

Buying a new automobile is fulfilling the ultimate American dream in true sense. A new car means you have established yourself and are now responsible of making a huge financial commitment.

Now’s The Time

New Year means several auto shows and new car launches. The Year has ushered in good news for the auto industry. The sales are anticipated to go higher than last year’s 12.8 million. Higher car sales mean many are replacing their aging automobiles. Be one of them and get ready to chuck your old car for a new-flawless beauty. If you are concerned about high cost of financing a new car, here’s a comprehensive guide to help you buy the car of your dreams.

Money-Wise For a Wise Decision

A mark, a yen, a buck, or a pound is all that makes the world go around

One can understand the importance of money with this Liza Minnelli song. Yes, money is important when it comes to buying a car. Although car loans will do their magic, you should have some amount for making a decent down payment.

Ascertain your affordability. You must understand that when you set out to make a major financial decision, you must be ready with everything. Prepare your budget. Deduct all your expenses and current loan payments from your gross monthly income. You must consider all the major future expenses like college fees, marriage, holiday trips, etc. If you have a balance enough to make easy car loan payment, only then think of buying a car.

While deciding on monthly payments, you must not forget all the car-related expenses like fuel, maintenance and insurance.

Buying a new car is an important rite of passage for us. It is very crucial investment decision and you don’t want to lose your hard-earned money. So, even though it is rather tedious, it will definitely help you to narrow down your choices.

Finance First

Once you know your affordability, start scouting for an auto loan. A new car is certainly more expensive than a used one and you must sort out the finance before going to the dealer’s lot.

Web-Savvy?

You have many options for availing finance. Dealership financing, credit unions and banks are the traditional options. Most banks have stringent lending criteria and you need to be a member of the credit union to avail finance from them.

You can also go for an online auto loans. Most buyers opt for it because of the convenient lending process. You will have to fill a simple application form for a new car loan and that’s it. Your work gets over there. These companies will search for a lender in their network and help you get the best deal.

While going the online way, you must take care of your data’s safety and security. Check the company’s security certificate and ensure its reputation.

What Factors Will Determine Your Approval?

Your credit score is not the sole reason of your approval or rejection. Here’s a list of all the variables involved:

Credit Profile

Your credit profile should be for longer term. Along with a stellar score, it is important that you have a credit history of at least two years.

Monthly Income

As the cost of a new car is high, be ready to make slightly higher payments. Most auto lenders will want you to earn at least $1,000. Pay stubs or W-2 forms can help you to prove your income.

Employment History

It is essential to have a stable income source. If you are constantly switching jobs, lenders won’t trust you. You must be working at your current employer for at least six months.

Time At Residence

Most lenders want to know if you have a constant place of residence. It allows them to know if you are regular in paying your utility bills. Lenders will ask for a copy of utility bills.

Down Payment

It is the initial upfront amount that you pay while buying a car. A larger down payment will reduce your loan amount.

Co-signer

Having a co-signer will make a huge difference to your approval chances. A co-signer will assume the responsibility in case of missed payments.

Once you get approved, the lenders will contact you. Most financing companies have a network of lenders as well as dealers. So, it may happen that a dealer will offer you financing options. You must take this as an opportunity to build your credit score.

You Deserve the Best

It’s your time to judge the best auto loan quote. Look for APR (Annual Percentage Ratio). It will tell you the exact cost of loan including all the fees and charges. Also, consider the loan term. Longer the term, higher is the chance of ending up with an upside-down auto loan. Repayment terms, prepayment penalty, repossession terms, etc. should be considered in advance.

After your application is approved, choose your dream car. Select the one that really fulfills your needs and suits your style. Don’t forget to read reviews and also consider manufacturers’ incentives.

Here’s wishing that you get your perfect new car. Take a wise decision and enjoy your charming and elegant beauty on wheels.


Posted on: 14/03/2012       Posted in: business/automotive/
Knowledge of Car Loans Will Help You Select the Best Option

Every car is much more than a four-wheeled automobile. It’s owner’s glory, passion and a source of great admiration. Yes, a car is not just a means of transportation. It’s America’s pride and its ultimate ecstasy.

When one sets out to buy a car, several things are to be considered. Most people have an idea of what car to buy. But, there is confusion and dilemma when the topic of car loans comes up. This article will give you a detailed understanding of the many auto financing options available with you.

>> Money Before Everything Else <<

It is so true. You cannot venture out for buying a car when you have no idea about your finances. If you think car loans are going to do everything for you, think again. You will have to manage down payment and also ensure regular payments. Car loans are just to provide ease in buying.

Finding that perfect car loan requires you to carefully put together all your income and expenses and then preparing your budget. You will have to consider your savings and choose something that will not give you financial trouble.

>> A Plenitude Of Options <<

Everything depends on getting the information that suits your situation. So, don’t settle for the first financing option you get. Don’t just stroll into your local dealer’s office or your neighborhood bank. You must first do a complete research and analyze your condition and needs.

To help you make a good choice, here’s all the information about car loan types. Check out all the advantages and disadvantages of every option. It will help you make a wise decision.

>> Dealership Financing <<

A car loan with a car from the same yard- seems too alluring to ignore!

Most Americans choose dealership financing because it offers a one-stop solution. Dealers offer loans for new as well as used cars. You must know that most dealers are link between you and the lender. Such dealers won’t themselves lend you money, instead will sell you loan application to lenders.

This option is convenient but make sure that dealer is not charging a high interest rate. For that, you must research and be wary of any red flags. Also, don’t opt for any add-on if you don’t feel their need. It will help you reduce the cost.

>> Personal Loans <<

Banks and financial institutions offer loans for almost any purpose like buying a personal item or even a holiday trip. You can avail personal loans for buying your dream car. Now, this type of financing is useful when you need a loan for a smaller amount like $15,000.

>> Car Leasing <<

This is another option for you. When you lease a car, you only pay for the cost of using it. The biggest advantage with leasing is that your monthly payments will be significantly lower than the usual car loan payments.

You don’t have to worry about down payment and the lease agreement will get over in two-three years. You always have the option of buying the car at the end of lease agreement.

When you go for lease financing, don’t forget to negotiate the car price. Most buyers think that one must pay the full sticker price which is wrong.

>> Equity Loans <<

If you are one of those few lucky people who have sizable assets like a house, you can go for equity loans. You can avail a home equity loan by using your home as collateral.

Although the rates are lower and the interest is tax-deductible, there is the risk of losing your home.

>> Credit Cards <<

Though it may sound unusual, but there are many who opt for this method. A credit card can help you buy a car for a smaller amount like $10,000. You must have a low-interest credit card. With large competition, getting a low-cost card won’t be a trouble for you.

The only thing is that you will have to restrict other purchases on your card. Also, most credit card companies charge a 3% processing fees. If you are sure of paying this charge to the dealer, go for it.

>> Car Loans <<

This is as popular as dealership auto financing, if not more. In this type of loan, your car is used as collateral against monthly payments.

It is very good option if you make regular payments. The only thing that you need to keep in mind is that you won’t be able to finance a car older than six/seven years.

>> Online Car Loans <<

This type is just the blend of car loans and the internet. With technological advancements, you can get everything on the net and car loans are no different. Online lending companies have a large network of lenders and dealers who bid for your application. All you need to do is fill a simple online application form.

As there is a wide network, getting a loan is relatively easy. Also, the convenience of availing a loan without moving out of the house is very tempting.

You should only be concerned about the company’s reliability. You can check the website’s safety by going through their security certificate. Don’t go for a company that charges for loan quotes because there are many reputable sites that offer free auto loan quotes.

How To Choose That Perfect Car Loan?

Just go over with a fine-tooth comb.

Once you decide on the type of car loan and apply, it’s time to scrutinize the loan quotes. Loan payments are important but it shouldn’t be the soul of your decision. There are several factors which are equally important. Before you rush to your decision, take a look at these variables.

Loan Term

Your loan term will have a huge impact on your loan. A longer loan term will mean that your monthly payments are smaller, but you may eventually be paying more interest rate. It is advisable that your term should be in accordance with the useful life of the car. Your loan should get over before the life of car to avoid the risk of an upside-down loan.

Interest Rates

Interest depends on factors like the loan amount, loan term, credit score, financial condition, etc. One important tip to lower loan rates is by making a substantial down payment. This will reduce your loan amount and also instill a sense of faith in the lender.

APR

The Annual Percentage Ratio will tell you about the total cost of the loan including all fees and charges. Most borrowers consider just monthly payments. But, it is impossible to compare different loan quotes with different loan terms. When you compare two loan quotes with the help of APR, you are taking into consideration all the variables.

Clauses

You must compare loan quotes on the basis of the clauses in the loan agreements. Few lenders prohibit you from refinancing your car loan for the first few months. Some lenders also offer zero percent financing for the first few months only and then charge a floating interest rate. So, check for such clauses which may cause problem in the future.

Charges And Penalties

Check the loan contract for origination fees, annual charges, prepayment penalty and penalty for missing out on a payment. Choose a lender that has lesser fees and doesn't charge you for making early re-payment. The latter will be useful if you decide to refinance your loan.

Payments

It is important to know whether you are supposed to make payments weekly or monthly. If you can afford monthly payment, don’t consider any other option. This is so because it will give you the choice of making regular payments without any undue financial restraints.

Once you compare auto loan quotes on these factors, you will definitely get a winner. Choosing your car loan by this method may take time but what matter is the ease in making payments. Every factor is important in making your life simpler and your car buying experience more pleasurable. So, memorize these important tips.

Owing a car is a dream for many, but one who takes a wise decision can fulfill it in true sense. Car loans won’t be a trouble if you consider your needs and financial condition. Remember a good decision comes with a thorough research process.

A car loan is a very crucial decision and you need to choose the best. Get your perfect car loan with ezautofinance.net. Our wide coverage and a huge network of auto lenders allow us to give you great choices. Apply now and open doors to huge car loan opportunities.

All the best for choosing the best!


Posted on: 05/03/2012       Posted in: business/automotive/
How to Get Approved For a Private Party Auto Loan?

Your cousin is selling his Impala that you always loved or you have found a perfect car on Craig's List. Your colleague is thinking of selling his Altima or your neighbor is putting up his Malibu for sale. You can now buy any car with private party car loans.

It is great to buy a car that has a history. Would not you want to buy a car that has a story behind it? Private seller car loans will be useful when you purchase a pre-owned car from an individual instead of a dealership. This means a licensed car dealer is not involved. These loans were easy to get in the past but since the tightening of lending criteria, availing private party car loans has become a bit difficult.

Lenders are wary of financing person to person car loans. Why? A private party sale increases the lender's risk as there is no dealer to provide warranty after sale. Also, no repair services will be offered. There have been cases in which borrowers have fraudulently inflated the price of the car and got more than their car's worth. So, lenders do not want to risk their money by spending it on a risky proposition.

Do not you think this is harsh? Just because some random people committed frauds, you should not be the one to suffer. I believe that if you have chosen your car, you must be able to buy it without any problems. If you decide, then no one can stop you. So, here are some tips that can help you get private party auto loans.

How Will You Pick Up The Tab?

When you are sure about buying a car, you must know how much you can spend on a car. In addition to the price of the car, remember to factor several other costs like State tax, Title and License fees, registration, insurance, fuel, maintenance, etc. If you think you can pay these expenses, then it is a right decision to get auto loan.

Make Sure you are Not Buying Pandora's Box

Many buyers gleefully purchase someone else's problem. The owner is selling you his prized possession and it is crucial that you find a reason to it. Also, you must be very alert when choosing your car. If you have seen your neighbor's car breakdown almost every month, then there is no point in thinking about it. If you have heard negative remarks about a car, you must not buy it.

Whenever you decide to buy a car, be assured of its quality. It is essential that the car is running well. Carefully check the car for any fault. Now, you should not trust the seller to tell you all about his car. So, what you can do is get the car's VIN. There are several websites like Carfax.com and AutoCheck.com that help you check VIN. You will be able to know if the vehicle is salvage, stolen or recalled. After that, ask your mechanic to inspect the vehicle.

Knowledge Has It All

Once you are sure, it is time to search for a loan. You must know that as it is risky, lenders may charge a high rate of interest. But, you can combat higher rates by knowing all about this loan type.

Requirements

Bill of Sale is essential for any loan. So, make sure that you complete all the documents. It will validate your sale which will ensure the lender of a legitimate transaction.

1. You must be at least 18 years old to apply for auto loans. If you are not 18, your co-qualifier should at least be.

2. You must have a valid SSN.

3. You must at least earn $2400 a month. There will always be companies that will require less than that but this is the general average.

4. You must have been residing at your current home for more than six months.

5. You must be currently employed with your employer for at least six months.

6. The lenders also want that you should not have any open bankruptcies.

When it comes to private party lending, lenders want your selected car driven for at most 80,000 miles. It should not be older than six years. Your minimum loan amount should be $ 7,500.

How to Assure Your Guaranteed Approval?

The Down Payment

Whether it is private party or for that matter any other financing, down payment can really up your approval chances. When you make a down payment, you lower the loan amount. This reduces the lender's risk and so, he will readily approve your application.

Co-Signer

When you ask someone with a decent credit score to co-sign your loan agreement, lender's risk gets divided. If you do not make your monthly payments, the lender can hold your co-signer responsible. This ensures safety of money which helps you in getting your loan approved.

Will The Internet Help?

Internet has opened new vistas for Americans. Now, you have the option of availing auto loans without the leaving the comfort of your home. There are several websites that will cater to your needs. But, you need to be careful in selecting the company. It must be a reputed one and should be lending in your area as well. Check the security certificate also.

If you are a bit of cautious, then getting auto loans will be easy for you. So, do not wait anymore. Live your dream car with private party auto loans.

"Make the most of yourself, for that is all there is for you". - Ralph Waldo Emerson

All the Best!


Posted on: 25/02/2012       Posted in: business/automotive/
Do not Be an Impulsive Car Buyer - Take a Well-Informed Decision with Car Loan Tips

Cars have changed our lives ever since the first car was launched. The entire America is head over heels for automobiles. But, cars are so expensive that you need a reasonable auto loan to buy it.

Buying a car is easy; getting the best loan rates is very difficult. The most awful scams occur when car buyers do not take an informed decision. So, it is essential that you understand all about car loans.

For getting a car loan, there are several options with you. You can consider traditional options like banks and financial institutions. If you want to get loans without leaving the comfort of your home, online lending companies is your best choice. All you have to do is fill a simple application form. The company will do the work of searching the most qualified lender for you.

Whatever lending option you choose, it is essential that you take a well-informed and well-thought decision. There is nothing worse than an impulsive purchase. Here are some car loan ďż˝" pros and cons to help you get the best auto financing deal.

THE CONS

Do not Leave Your Home Unprepared

Not everyone will con you. But, why take the chance?

Never, I mean never go to a lender/dealer unprepared for getting finance. It is smart to have some basic information before leaving your home. You must have a basic idea of what kind of auto loan you want. You must have answer to questions like, is there any major expense coming in the next few months? Can you really afford a car loan? Do you need a three year or a five year term? How much monthly payment can you afford?

When you have clear answers to such questions, you will be able to negotiate with the lender in a better way.

Most people get so excited for buying their dream car that they consider finance unimportant. But, you should not make the same mistake. First of all, prepare a budget. It will help you practically narrow down your search. Do remember to factor in registration and title fees, insurance costs, fuel and maintenance expenses, etc.

Also, know your accurate and current credit score. Lenders and dealers can fraud you by telling that you have a very bad credit score. There are several websites that just charge a nominal fee for your credit score. If you want to check your credit report, then freecreditreport.com is your answer. It will give your report for free, but not your score.

Do not Settle Without Shopping Around

Convenience is the buzz word today. We are ready to spend more if we are offered convenience and comfort. But, it does not mean lenders can rip us off in the name of ease. It seems very comfortable to get car and finance from one place. All work can be done in a single day itself. But, you must know that dealers often sell your credit application to other lenders and charge commission for it. This commission is added to your interest rate. So, it is essential that you shop around and get loan quotes from several companies.

If you will not shop, how will you know about the best deal? Buying a car is not like buying your Chinese take-out. It is much more important expense than that.

Make the most of your computer and apply on several online websites. You will be able to generate free quotes. These companies have online auto loan calculators which mean you will be able to compare the loan rates also.

Do not Sign Anything Unless You Are Sure

Your car will stay with you for next 3-5 years. You will be paying off your car loan for almost the same amount. So, you just cannot sign the contract without reading it thoroughly. Every word, every clause in the agreement should be very clear to you. If you do not understand something, ask your lender. Do not just sign the document because your lender said he is giving you the best deal. Read and make sure he is offering you the best.

PROS

Lower Your Loan Amount

A car is an expensive purchase. When your LTV is hundred percent or may be more than that, you are risking your investment. How? It is so because the chances of an up-side down increase to a greater extent. A car depreciates quickly and there is a possibility that over the span of time your cars value will be lesser than your loan amount.

You can decrease your loan amount by increasing the down payment amount. Also, a trade-in will help you. A lower amount will also give you the chance of getting a better interest rate.

Do the Calculations

You cannot believe everything the lender tells you. So, you must calculate monthly payments on your own. It is easy because online calculators are always there to help you.

Also, calculate the APR. The Annual Percentage Ratio gives you interest rate for a whole year, than just the monthly fee/rate. It will help you calculate loans with different terms on the same parameter.

Big Picture

Is a penny now better than a hundred tomorrow?

Many people consider present minuscule savings more important than a future treasure. They opt for a low down payment because it is easy very easy to manage. But, they do not consider that a huge down payment can help them save on interest rates.

Do not think low payments mean great loan rates. The lender may lower your monthly payments but extend your loan term. This will not do any good for you. There are several options with you. You can go for high payments, pay-off your loan early and lower the risk of up-side. If you are predicting a huge income source in future, you can go for balloon payments also.

Do Negotiate

It is a general misconception that loan rates are non-negotiable. People think lenders are doing favor by offering them loan. But, it is not so. You have the right to get the best possible deal. So, do not settle for what the lender offers you.

Do not only discuss the interest rates. But, let the lender know that you will not pay any pre-payment penalty. This will help you to refinance your loan, if you need to.

All these tips will make you better buyer. So, go ahead with this handy car loan guide, get the best auto loan deal.

Say good-bye to impulsive buying. Welcome, conscious car buying!!!

Ezautofinance.net not only offers the best auto loans, but also ensures that its customers take a perfect decision. Our wide network of lenders allows us to get you the most competitive rates. Apply now for instant auto loans on our website and enter the world of affordable lending options.

All the best!


Posted on: 04/02/2012       Posted in: business/automotive/
Holley Marine Carburetors: Fast and Efficient Cars in a Snap
Efficient and speedy cars make the news. You might have always had the dream of making your car fast and efficient. When you’ve put almost all of your money to savings to buy a great fuel injection engine, you now have a cheaper and probably more effective option. This is with the Holley marine carburetors. Basically, you have to pay a high price when you pick a fuel injection engine over a carburetor. You pay a huge amount buying it and you pay a huge amount maintaining it. You have to weigh things out if the price is worth it all for that kind of performance. At performancecarburetors.com, you have a more cost efficient choice. Aside from the vast selection they have for carburetors like those of the Edelbrock carburetors, you can practically get anything that you want here. If you want something from the Holley brand, you have choices like the performance carburetor ultra dominator. This is one of the newest products from performancecarburetors.com. Getting your car to move like the best drag race cars in the world, you’re going to dominate with this under the hood of your car. Maybe you want to go with a model for carburetor that’s been here long enough to make a reputation for itself. You can get something from the ultra avenger series carburetors from Holley. If you also pay attention to detail, you have three main choices with this model. You can pick out the red one, the blue one or the black one. Choices abound when you buy carburetors from performancecarburetors.com and you also get choices for getting the real essence of performance into your car. If you’re in the market for Holley carburetors parts, this is also the place to go. Valve covers, throttle levers, extension, carburetor kickdowns, you name it, it’s here. Think about it, a one stop shop for car efficiency. You come in, get the carburetor you need as well as the carburetor parts that you need. It’s installed and you leave the garage feeling like you’re driving a new car and in a sense you are. So transform your car from a bore to the flash. When you’re racing cars, you’ll also be coming home with the awards and the trophies. When you want your car to be fast and efficient, it’s all in the carburetor. Get yours installed today by visiting www.performancecarburetors.com right now.
Posted on: 24/09/2011       Posted in: business/automotive/
High Performance Carburetors For Your Vehicle’s High Performance

If you’re in the market for high performance carburetors, there are many shops that provide for a variety of products from a wide selection of brands. Essentially, you can get a good performance boost for your vehicle when you pick out something from a well known brand but then there’s a lot you can also do with going with something lesser known. To make up what’s what with carburetors, you have to pay your speed shop a visit. There, you’ll have the experts on what would work well for your vehicle.

If you select performancecarburetors.com from among the many speed shops or visit the brick and mortar Speed IE establishment, you’ll get just what you need. It is a carburetor heaven as well as other products that will raise the bar for your car in line with performance and efficiency. Looking through the categories for products in this store, you have choices with Holley ultra avenger series carburetors, Holley fuel pumps, Phenix fittings, EARLS performance plumbing, Magna fuel racing fuel systems and more. You can understand that besides carburetors, there’s a number of other ways that Speed IE can help you.

The most popular products that this speed shop has would be the Holley carburetors parts. Under the ultra avenger series, you have three choices. While these come in a variety of colors like black, blue and red, you’ll get just what you want for your vehicle. It’s a carburetor designed for street applications. It’s got vacuum secondaries that make it versatile enough to be used on various types of vehicles. Maybe you’ve got a number of them in your fleet and you want to improve their performance. Getting just this ultra street avenger carburetor, you have something that works for all your cars.

If you don’t want carburetors from the Holley brand, you can always expand your search to other brands. Performancecarburetors.com also provides for things like Edelbrock carburetors. If this is more your cup of tea, you have a wide selection for these too. You will get options with increasing the performance of your car when you go to performancecarburetors.com. In no time at all, without any kind of hassle, you’ll get what you want and need for your car. If you want it to perform, it’s going to go further than you expected when you pick performancecarburetors.com to work on your car. Visit their website today at www.performancecarburetors.com and get the best performing vehicle now.


Posted on: 19/08/2011       Posted in: business/automotive/parts-and-accessories/
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