Archive for July, 2010

Don’t Believe What You Read About Auto Financing

Wednesday, July 21st, 2010

Over the years a lot has been written and said about auto financing however unfortunately much of it is just more myth that fact. Most of the times people that write about auto financing, don’t know how the auto financing industry works. Many of them are just trying to get back at a particular auto financing company who didn’t tell them the whole truth. This is why there is a lot of misinformation out there which can more confuse than educate you. Read More…

Preparing To Acquire Auto Financing

Tuesday, July 20th, 2010

Auto finance is a long term financial undertaking that calls for careful planning before it is taken. It is also very expensive. There are a number of factors that you need to consider to ensure you do not suffer financially during the period of repaying the loan. Planning will also ensure that you make a wise decision on the type of auto financing to go for and the best lender to deal with. The following are few important tips when taking a car loan. Read More…

How Auto Financing And Poor Credit Work Together

Monday, July 19th, 2010

A few years ago it was a near impossibility to acquire auto financing with a bad credit history. This is because financial institutions were wary of losing their money. This meant that with a bad credit history you could not even dream of ever owning such property as a vehicle. Things have however changed considerably over the years. Now obtaining bad credit auto finance is just as easy as acquiring any other loan. Rules about obtaining loans have been relaxed and many lenders who are willing to work with people of bad credit reputation have emerged. Read More…

How Auto Finance Works

Sunday, July 18th, 2010

Every year about 10 to 13 millions of cars are sold all over the world. And about 60% of them required auto finance. Today auto finance has become the most important thing when you want to buy an automotive. When anyone decides to buy an automotive, he will at first look for the auto finance. So, it is so important to know about auto finance and how it works. Then you can understand how it can help you. Read More…

Auto financing and benefits

Saturday, July 17th, 2010

The only hitch when all goes right while purchasing a car is the heavy amount of money you got to spend. To be an owner of a car was in the past a very difficult procedure, as the person needed to have the entire amount as available cash. Owning a car was only a luxury for famous and rich people. A common man would struggle to save earnings from years, to sum up, the amount he would spend for a luxury new car. Cars today due to auto finance have become a necessity and not just a luxury. To get the best deals one has to know the complete know how of any company that provides you with auto loans. Read More…

Calculating the EMI on Auto Finance

Friday, July 16th, 2010

Every credit consultant and auto finance broker advises that every loan applicant should get his/her finances pre approved from a lender before going to a dealership. However, if the borrower still feels more comfortable going to a dealership, then there are several things which should be done to ensure that the auto finance process goes comfortably. One of these things is using an online calculator to check what the most comfortable monthly installment for the applicant is. Read More…

How Auto Finance Works

Thursday, July 15th, 2010

Every year about 10 to 13 millions of cars are sold all over the world. And about 60% of them required auto finance. Today auto finance has become the most important thing when you want to buy an automotive. When anyone decides to buy an automotive, he will at first look for the auto finance. So, it is so important to know about auto finance and how it works. Then you can understand how it can help you. Read More…

Get Auto Finance to Improve Your Credit Score

Wednesday, July 14th, 2010

It is a common fact that the whole lending industry and their transactions are based on the credit score of the applicant. Even though its prominence has decreased with time, it is still crucial in deciding what sort of interest rate would be charged from the applicant. Therefore, having a good credit score is important if the applicant wishes to get a loan with affordable monthly installments. Moreover, having a decent score makes it easier to get approved for bigger loans like mortgage in the future. Read More…

Auto Financing Terminology for Consumers

Tuesday, July 13th, 2010

There are unique auto financing terms that one needs to familiarize themselves with if one has an interest in acquiring this kind of auto financing. This knowledge is of great help when negotiating a deal because you need to understand the lingo.

One commonly used word is M.S.R.P which stands for Manufacturer’s Suggested Retail Price. This basically means the original price that the retailer has placed on the particular automobile of interest, with no added options like security systems, and so on. Read More…

What are Your Auto Finance Options?

Monday, July 12th, 2010

Are you thinking of buying a car? No matter where you from, auto finance is necessary for you. Because, buying a car without any financing can be done only for extremely rich people. For most of the people like us, without auto finance it is difficult to buy a car. And auto finance industry is now so developed that you can always get a financing from them. The auto finance industry is developed to increase the capacity of people to buy a car. And this industry is incorporated with banks, credit unions and also automotive manufacturers and dealers. And the main purpose is to help the consumers in financing. It not only helps the consumers to get their vehicles but also profitable for the financing industry. Read More…