Archive for the ‘Auto Loans’ Category

Depreciation On Auto Loans

Sunday, February 20th, 2011

A few years back auto loans applicants used to just select their desired car from the dealership and depending on their credit score would get approved or rejected for the finances. However, the rise in competition and introduction of low credit score auto loans, it has become possible for almost everybody to get a loan. Moreover, with increasing models and manufacturers of automobiles joining the fray, the borrowers nowadays have to consider a lot of things before going for the traditional or the newly introduced auto loans. Read More…

Considering the Maintenance of an Automobile on Auto Loans

Saturday, February 19th, 2011

Before going for auto loans, it is prudent to consider about the automobile too. Although several loan pundits repeatedly state that this should be avoided, what we are stating is that the borrower should consider the things which are going to come with the automobile and what sort of costs it would bring. For example, fuel, service, maintenance etc. In fact, these costs can make the life of a borrower difficult considering that even if they are paying the installments easily, the other costs might be difficult to cover with. Read More…

Benefits of Apprentice Auto Loans

Friday, February 18th, 2011

Apprentice or undergraduate or student auto loans are getting quite popular these days as many youngsters feel that they can pay for their own car from their pocket. Moreover, lenders also don’t wish to let go of this profit making avenue which is why they allow financing to these individuals. Usually, one might think that this is a bad idea questioning how one can pay off the loan installments when he/she isn’t able to work full time. However, this is not the scenario as a lot of students earn good money through part time jobs, allowances or even grants and fees. The first benefit of these auto loans is that the students get their own car at their own money. Read More…

Auto Loans Personal Contract Purchase

Thursday, February 17th, 2011

Personal contract purchase or leasing as it is popularly known amongst loan borrowers is quite popular in the lending industry for a number of reasons. For those who don’t know what it is, the PCP or leasing involves taking auto loans on a car but there are differences in how the finances are handled. The term of the loan is usually set by the dealership or lender but sometimes the applicant is also given a choice. The difference here is that after the term of the loan ends, the borrower gets to choose whether he/she wishes to stay with the car or return it to the dealership. In ninety percent of the cases, the borrowers return the car to the dealers for resale purposes. Read More…

Selecting the Auto Loan Destination

Thursday, January 27th, 2011

It is seen that any business which provides a lot of options to choose from to their consumers is quite proficient as the user always gets to enjoy competitive rates. This wasn’t the case for lending industry but the rise in internet lending, the increasing number of dealerships and lending companies has made it possible that now the auto loan applicants can choose from several different options and ensure that the best rate is taken. However, there is still a confusion, depending on which institution should be chosen – bank, credit union, dealership or any other lender. The choice can vary from situation to situation. Read More…

Making Sense of Fudged Details Regarding Auto Loans

Friday, January 21st, 2011

Many companies dealing in auto loans both online and offline often make it hard for people to find out what is really going on and what they will really end up paying. These so called hidden costs of auto loans are sort of universal across all types of lenders which include banks and car dealerships. However even though many reliable companies dealing in auto loans do not try to fudge the facts it can often be difficult to find what is exactly being hidden from you. Sometimes the hidden charges and extra costs may be hidden in plain sight but disguised to look like a benefit. Read More…

Is An Instant Auto Loan Really An Option?

Sunday, January 9th, 2011

There are numerous types of auto loans out there but somehow it is the instant type loan that gets the most attention. Most Americans in general are always in a hurry when it comes to purchasing a new car. Some never even check how expensive that instant loan is being advertised on prime-time television as being something that can help you get your hands on a car in a few days. The truth is that many of these instant type loans are very expensive and for someone who does not really need to get a car in the next few days they are simply overkill. Read More…

Three Reasons Why You Should Give The Thought Of Taking Up A Bad Credit Auto Loan A Second Choice

Sunday, January 2nd, 2011

Taking up a bad credit auto loan is one of the dumbest mistakes that you can ever make. Sincerely speaking, a bad credit auto loan is the sort of auto loan that you should never take up. Bad credit auto loans are accompanied with high interest rates and stiff repayment terms and conditions. Read More…

How To Tackle And Deal With Corrupt Providers When Applying For An Auto Finance Loan

Friday, December 24th, 2010

If asked, most folks who have been defrauded or ripped off in the process of attempting to take up an auto financing loan would tell you that taking up an auto financing loan is quite difficult and challenging. When it comes to taking up an auto finance loan, putting up with the scheming of a corrupt provider can be quite frustrating and annoying. Read More…

Why And When to Prefer High-Term Auto Loans

Sunday, November 28th, 2010

When applying for auto loans, an applicant sometimes gets the chance to apply for a high term loan such as 72 month or 84 month. It just means that the term of the loan is going to be six or seven years but it is written in months to signify the fact that it is going to be this many installments. There are a number of reasons and situations in which these auto loans are the best thing that one could go for. Although, there is the disadvantage of increased interest, the monthly installments are significantly reduced which means that even a high priced loan can become affordable and cheap. Read More…