Posts Tagged ‘auto loans’

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…

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…

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…

Why 72 Months Auto Loans Are Preferred

Friday, November 26th, 2010

The term of the auto loans holds major significance for the borrowers as this decides whether the monthly payments are going to be low or high. Usually, the term of the loan works good with the amount of the loan which means that a high amount should come with a high term otherwise the monthly installments would be impossible to pay. Many lenders advertise their loans as 72 month auto loans or 84 month because several borrowers wish for long term loans in which they can pay off the amount easily. The following example can shed some light on the amount of money that the borrower would save when going for a long term loan. Read More…

Getting an Auto Finance Loan for First Time Buyers

Monday, October 11th, 2010

There is absolutely nothing wrong with being a newbie auto finance loan applicant because in all we do in life, there is always a first time. As an individual who intends taking up an auto credit facility for the very first time, there are certain things that you should do or put into consideration before attempting to take up an auto finance loan. Read More…