Thursday, July 27, 2006

Cheap Car Loans Are Low Rate Loans

Cheap car loans will be known to have low interest rates. If you are planning to enjoy a low interest car loan, you have to chalk out some strategies. If you follow all the steps religiously, you may succeed in getting a cheap car loan.

Evaluate your credit record

Before applying for a car loan, check out your credit record and ensure that all the deals are in orderly manner. If you have ever filed in for bankruptcy, be honest to the lender and state the situation that resulted in bankruptcy, there are chances that lenders will be convinced and offer a better interest rate than the normal ones in presence of bad credit.

Plan your purchase

In order to decide as to which financial package is ideal for you, decide which car’s budget of monthly car loans will ideally suit you. Your length of payments and loan amount will help you determine which car you can afford and which loan will be cheap car loans for you.

Always take services of car loan lending agency

Car loan lenders work with many financing partners and are capable of finding you cheap car loans. Online car lenders can even find you a better deal than your local car dealer.

Adopt transparency

Clearly state the reason in your car loan application if you have ever declared bankrupt. You will have an opportunity to mention the situations that led you to the situation and also the steps taken to resolve your credit situation.

Always consider refinancing

Once you are through with your car loans, always look for refinancing. By repaying regularly, you can build up a respectful credit score and can again apply for further cheap car loans.

About The Author

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Ecar-Loans as a finance specialist.

For more information please visit

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For more informaation please click at Adverse Credit Car Loans

Thursday, July 13, 2006

Tips for Finding Low Cost Online Loans

Low cost online loans may not be as hard to find as you might think… after all, one of the advantages of applying for low cost online loans is the added ease of searching for the loan that you're looking for.

Finding low cost online loans can be as simple as doing an internet search and evaluating several different loan sites to find the lender that's right for you… it's all a matter of taking the time to do your search and compare different lenders until you decide on the one that offers the best loan package for you.

Below you'll find some basic tips on finding low cost online loans that will help you to locate the loan that's best for your lending needs.

Searching for the Loan

To begin searching for low cost online loans, choose your favorite search engine and run searches for several different loan-related keywords.

From each search, you should open up two or three of the top results in new windows or tabs so that you can compare their websites and the loan terms that they offer in greater detail later.

You may have several pages worth of results presented to you, but you won't have to sort through all of those websites to find the best options for your needs… focus on the top listings for each search for now.

Search Engine Rankings

Search results from search engines are ranked according to several factors, including the popularity of the individual website, the relevance to the search terms, and the amount of trust that the search engine has in the site.

This is useful when searching for low cost online loans because it can do a lot of the search work for you in finding reputable online lenders.

Take care when using lenders from the advertising bar of the search engine, though… while many of these sites are quite reliable, they are paid advertisers and might not have ranked so highly in the search if they were simply another search result themselves.

Judging the Lender's Website

When looking at the website of a lender that offers low cost online loans, take into account any flagrant spelling errors or layout problems that the site has.

It's best to avoid websites that have an amateurish design or that look like they were created in a hurry… after all, a respectable lender would take the time to develop a professional web presence for their customers to navigate.

You should also make note of the contact information for the websites and any loan terms or interest rates that they have listed on-site… the more information they make available to assist their clients, the greater the likelihood they want to keep your business.

Online Security

When you're looking for low cost online loans, the last thing that you need to worry about is someone stealing your personal information.

Online lenders feature advanced security and encryption technologies, and are dedicated to keeping your identifying and financial information safe and secure.

You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:

About The Author

John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the website.

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Click at Low Cost Car Loans

The Latest Car Model Of The Globe Can Be Yours With Personal Car Loans

Personal car loans are an easy way to realise your dream of owning your favourite car. With personal car loans you can purchase a car of your choice in a highly convenient and hassle free manner.

There are two types of personal car loans available in the UK market:

Secured personal car loans: you need to pledge collateral to avail such a loan. These loans come with low interest rate, longer repayment period, higher loan amount and small monthly installments.

Unsecured personal car loans: you don’t need to offer collateral but the rate of interest might be on a higher side. On the other hand, there is no danger of collateral repossession and this loans are approved swiftly too.

People with bad credit history too can apply for a personal car loan. This loan can be provided to you in spite of county court judgments, defaults, missed payments, mortgage arrears, bankruptcy etc., against your name.

Before applying for a car loan you are advised to calculate the total expenses expected in buying a car. It's advisable to do a comprehensive research on various loan options and a comparison of various car loan packages before sealing the deal. Research on Internet will not only save your time and money but will also provide access to a wide array of personal car loans deals with a click of mouse. Borrowers are also advised to understand the terms and conditions of the deal before signing the final agreement.

About The Author :The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Apply-4-Personal-Loans as a finance specialist.

For more information please visit:

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Finding an Adverse Credit Car Loan

Buying a car is usually an easy process, so long as your credit is good. Once you begin looking for an adverse credit car loan, however, it may start seeming like you're never going to be able to get the car that you want.

Just because your credit isn't as good as it could be doesn't mean that you'll be doomed to walk, however; getting the adverse credit car loan that you're seeking is simply a matter of knowing where to look and being willing to consider a variety of different financing options.

This article will give you an overview of the process of searching for the adverse credit car loan that you need… from here, you should be well on your way to getting the ride that you want and the loan that you need to buy it.

Financing Sources

When you're starting to look for financing sources for your adverse credit car loan, it's important that you keep in mind the fact that you can receive loans from more institutions than just local banks. A variety of finance companies and lending offices would be more than willing to grant you a loan even if you don't have the best credit… it's simply a matter of being able to make the payments for the loan and being willing to pay a slightly higher interest rate than you would if your credit was spotless. Of course, depending upon how much you can afford to start off with, the interest rate of your adverse credit car loan might not be as bad as you expect.

The Car as Collateral

When buying a vehicle, it's important to remember that in most cases the car that's purchased will serve as its own collateral. This means that you won't have to supply any additional collateral to secure an adverse credit car loan, though it also means that the amount of the loan will be largely influenced by the value of the car. The better the deal is that you can get on the car, the greater the difference will be between the actual value of the car and what you're paying for it… which will mean that the initial amount that you have to pay out-of-pocket may also be greatly reduced.

Shopping for the Loan

When you begin your search for an adverse credit car loan, it's important that you take the time to shop around at several different lenders. The dealership that you're purchasing the car from may have recommendations of lenders that they do business with often, or you may have to begin the search completely on your own; either way, it's important to request loan quotes from a variety of different lenders so that you'll be more likely to receive the best deal that you can on your loan. Taking the time to shop around for your loan can also help you to determine which lenders you should likely avoid in the future, since it should be easy to see if certain lenders are attempting to charge too much for their services.

Down Payments and Trade-Ins

Regardless of the value of the car that you're purchasing, there's a good chance that you'll have to make a down payment with your own money. This helps to ensure to the lender that you'll be able to afford to repay your adverse credit car loan… after all, you've paid the initial cost up front. Trading in older vehicles can reduce your initial down payment, and can also help you to get rid of vehicles that are too old or that you have no further need of.

You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:

About The Author

John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the website.

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Got Bad Credit? Get a Bad Credit Secured Loan!

The way you live your life, it reflects your persona. It shows what type of a person you are, how you think and act. But sometimes your personality varies from your standard of living. This happens when you don’t have enough funds to support your living standard. Loans is the first option which comes in your mind at that stage but again something stops you from applying for a loan - and that is “bad credit score”. To get relieved from financial needs in such situation you can apply for a bad credit secured loan.

A bad credit secured loan is a form of secured personal loans available to following people who gets difficulty in approval of unsecured loans:

•Defaulters and arrears
•People with bad credit history or poor credit score
•CCJ’s and IVA’s
•People with short length of residency or the ones who frequently change their place of living
•People with numerous debts

As the loan amount is secured you need not to worry about the approval of the loan if you are having a bad credit score. Your credit score is reflected by a 3 digit figure calculated by credit rating agencies. Your credit score affects the rate of interest on loan amount. Lenders follow a particular table for determining the interest rate which you may get at a particular interest rate. Such tables are easily available on their websites.

You can borrow amounts ranging between ₤5000 to ₤75000, but it is highly recommended to borrow only that much amount, which you can handle or repay afterwards. Borrowing larger amounts can cost you in form of possession of the collateral by the lender.

Bad credit secured loans are loans for every purpose. Some lenders don’t even ask for the purpose of the loans. The purpose can be any of the following:

•Debt consolidation
•Buying property (home or real estate)
•Home improvement
•Buying car or boat
•Health expenses and wedding plans
•Children education or holidaying purpose
•Miscellaneous personal expenses

To get the best interest rate in the market, you can shop for loans in the market. Studying quotes from various lenders and comparing them can save lot of your money while making repayments. Applying online is the choice of borrower these days as it is simple and convenient form of applying saving your time and energy. There are tools such as debt calculators, repayment calculators, and comparison tools making life easier for you.

Aldrich Chappel has been associated with GetSecuredLoans, since its inception. Having completed his Masters in Finance from Lancaster University Management School, he undertook to provide useful advice through his articles that have been found very useful by the residents of the UK. To find Cheap secured loan, Secured homeowner loan, bad credit secured loans, Low cost secured loan, Homeowner loan personal secured visit

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Bad Credit Car Loans For Hispanic Buyers

Bad credit car loans are easier to get than ever before, thanks to the growing subprime loan market. Almost half of all car loans today are bad credit loans in that they are made to borrowers with FICO scores below 620.

Bad Credit Buyers Beware

Bad credit car loans come with slightly higher interest rates, which mean higher profits for car dealers and unwary buyers may wind up spending more than they have to. NADA Chairman Charley Smith admits, “We recognize that many consumers may not know that the interest rate may be negotiable or that the dealer may be compensated for obtaining financing.”

This is one reason many experts recommend that car buyers use “direct financing.” This means getting a car loan directly from the lender instead of through the dealer. Not only can they find more competitive rates on bad credit car loans, they can avoid the hassle of going through a dealer’s high-pressure finance office.

The difference between the interest rate on new or used car loans does not vary that much because used vehicles don’t depreciate as quickly as newer models. This makes them better short-term collateral for lenders. The average used car costs less than half of what the average new car does. That’s why they outsell new cars three-to-one. However, choosing a new car gives the buyer more control over optional features, plus a warranty that lasts for years.

Hispanic Car Buyers

Some of the shoppers looking for bad credit car loans are Hispanic. The term loosely refers to all Spanish-speakers. Most Hispanics in the U.S. are descended from immigrants from Mexico and Central America. Our Hispanic population now stands at 41.3 million and is growing three times faster than the general population. Hispanics will number 47.7 million by 2010, and 60.4 million by 2020.

Hispanic buying power is growing at an annual compound rate of 8.2%, nearly twice the rate for non-Hispanics. It is projected to reach $1 trillion annually by 2010. A recent survey by The Media Audit reveals the following interesting facts when it comes to car buying:

• Of the 26.1 million Americans planning to buy a vehicle this year, 4.7 million are Hispanic. Of this number, 1.9 million are planning to buy a new car.

• While 29.5 percent of all adults surveyed have car loans, just 27.3 percent of all Hispanics have car loans.

• Among the 4.8 million adults who plan to spend $30,000 or more on their next car, 830,000 are Hispanic.

Much of the shopping Hispanics do for cars and loans takes place online. A study conducted by eMarketer projects there will be over 16 million Hispanic Internet users in the U.S. by 2007. That equals 8.4% of all Internet users. Hispanics go online at home an average of 9.2 hours a week. Seventy percent say the Internet is the best source for comparing the prices on both cars and loans.

Among the growing number of automotive sites aimed at the Hispanic market is The entire site is in Spanish. It includes several helpful articles and an application for a free loan quote. While Prestamo Automotriz specializes in bad credit loans, all credit levels are welcome.

Mike Hamel is the author of several books and the Senior Writer for AIM Techs, an Internet marketing company that specializes in advanced SEM techniques and developing sites like

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Click here for Adverse Credit Car Loans or Bad Credit Car Loans

Friday, July 07, 2006

Credit Tips - Getting the Best Rates on Your Car Loan

If you're about to apply for an auto loan, there's something you should know: Rates offered to you by different lenders may vary not just a little, but a lot. Your understanding of your own credit history, and of how credit-related information is interpreted by lenders, can play a big part in helping you get the best deal possible.

With that in mind, here are a few tips that'll help you nab the most favorable auto loan available:

. Obtain a copy of your credit report. It's important to know what's on your credit report long before you apply for a car loan. Make sure that the information it contains is accurate. If errors are found, contact the credit bureaus and have them corrected.

. Get your credit score. Credit scores are available online from each of the three credit bureaus: Trans Union, Experian and Equifax. The credit bureaus charge a small fee for allowing you to access your score, but it's well worth it; knowing your score provides you with information that could save you a lot of money in interest charges.

. Target prime lenders first. It's best to try to obtain credit from a prime lender, since the rates offered by these grantors will tend to be dramatically lower than those offered in the subprime category. Different lenders have different ways of evaluating your score; never assume that you're subprime just because your score isn't perfect. If you're a member of a credit union, it may suit you to get your loan from them, since their rates tend to be lower.

. Finally, remember that a cheaper loan is always just around the corner. If your credit is such that you're forced to pay higher rates on your auto loan, take heart; timely payments on your loan, and careful attention paid to the overall state of your credit, can help vault you to prime status in as few as two or three years. At that point, you'll be in a position to refinance at a cheaper rate.

By Warren Clarke

Want adverse credit car loans or bad credit car loans Click at Car Credit Loans

Monday, June 26, 2006

Car Finance Options and Solutions

Because most people don’t have cash to buy new cars, it is often a choice between leasing and using an auto loan. We will further analyze the benefits of each type of car finance option. The choice that you make will heavily affect your income over the next years. The first thing you should realize is that the decision of buying with cash or lease doesn’t involve just the money aspect, but the time aspect as well.

The car finance option you choose depends on the importance you give to owning a new car. If you value having the latest models on the market, then this will justify spending more money on this privilege. If your view of a car is orientated towards transportation and comfort (you want a car for practical reasons), then owning the newest model should take a few steps back on your priority list. You should think about these facts first and then consider the more tangible issues of car finance options.

The car finance deal that you are going to make starts when the salesperson asks you what kind of car finance option you want to use. Your answer can be one of the following: buy the car, lease the car or pay cash for the car.

If you want to buy the car, the dealer will ask you to fill in a credit application based on your credit scores. An auto loan will be arranged through the dealership. This car finance option usually is a 36-60 month endeavor. The longer the time the lower the payments will be. The amount of money you pay for this car finance option depends on your interest rate, down payment and total sum of loan. Also be careful, as the dealer will want you to make a large down payment. This car finance deal is based on the fact that, until you pay for the vehicle, the lending institution will own the car. The car’s ownership papers will be sent to you after all payments have been made.

There are some important aspects about car leasing that make it attractive to customers, such as: low monthly payments, low down payments and low maintenance costs. The main advantage is that a customer will get a car without giving too much money at once. The monthly payments are kept at a low level, lower than buying car with an auto loan. Another benefit of this car finance option is that the car will have a 3 year warranty and will be covered for mechanical failure during this period. As you can see by now, this looks very attractive and affordable by anyone, but there is a slight disadvantage (the same as in the case of a loan). You will have car payments until the entire sum of the car is paid. Only when you do this, the car will finally be yours.

From this point on the car finance deal will be over and if you have to begin leasing again the assumed responsibility of payment rates will last a long period of time again. The conclusion is that this car finance option (using the leasing method) is more expensive on a long term. Car leasing is actually the most expensive way to go, but those who favor it point out that over a 10 year period this car finance method is the best the average income customer can support.

If you are interested in leasing, this car finance option has some variations. All auto leases allow you to drive the car for a limited number of miles per year. The more you drive, the higher your payments will be. However, if you come to think of it, you save money in the long run. The contract will contain a residual price for the car, which you will pay at the end of the lease as the car passes into your possession. Be careful because this is the riskiest car finance deal of them all!

If you decide to pay cash for the car the transaction everything will be very simple. This is the most favorable car finance deal if your income can support such a large transaction. Negotiating with the dealer will most likely make this car finance option even more attractive. Choose wisely as every car finance offer has its own ups and downs, and every car finance company will try to persuade you into taking their option into account.

When buying a car, a lot of money is involved. Depending on the budget you are willing to spend there will be a car finance option to your liking. A compromise has to be made: one can either spend a lot at once, or spend a greater sum during a longer period of time. Your car finance option will affect your pocket anyway; it’s just a matter of how much money will be given in how much time.

If you are looking for more information about car finance you can click

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No Credit ? Bad Credit ? Adverse Credit ? Don't Worry. Click Adverse Credit Car Loans for car loan

Bad Credit Payday or Cash Advance Loans - No Credit Check Required

If you are in need of extra cash until pay day, you may want to consider applying for a pay day or check loan online. A pay day loan can be obtained online and with no credit check. Bad credit will not disqualify you from qualifying for a pay day loan. You can use the money for what ever purpose necessary and the money can often be deposited into your checking account the very same day you apply. All you need is a checking account, and a steady source of income and you can get up to 1000 dollars or more deposited directly into your checking account.

A pay day loan is designed to fulfill your short-term financial needs and should not be used as a regular lending source. The fees charged for pay day loans can be higher than a traditional loan from your bank and should only be used to solve temporary or emergency financial crises. Repeatedly obtaining pay day loans can cost you a lot of money if you extended your pay off date numerous times or if you continually borrow against your next pay check. If a short term pay day loan is the best choice for you, you can be approved and have up to 1000 dollars or more deposited into your checking account sometimes as soon as the very same day you apply.

Pay day loan interest rates vary from company to company. Some lenders offer discount rates for new or returning customers. After supplying the pay day loan company with the required information, usually your name, address, employment and banking information, you can be approved in as little as one hour and the funds can often be in your checking account the very same day. Occasionally you may be required to fax your last pay check stub and bank statement prior to approval, but the funds can still be deposited into your checking account very quickly.

Bad credit should not stop you from applying for a pay day loan. There will be no credit check, only the verification of the information you supply. Pay day loan companies do not check your credit report or contact your employer, except as necessary to verify employment. Applying and getting approved is quick and convenient. Online lenders can approve you application quickly and you'll have the cash you need as soon as the very day you are approved.

To view our list of recommended online payday loan companies, visit this page: Recommended Payday Loan Companies Online.

Carrie Reeder is the owner of ABC Loan Guide. ABC Loan guide is an informational website about various types of loans. The site has informative articles and the latest finance news.

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Fulfill Car Dream ! Click at ADVERSE CREDIT CAR LOANS

Can I Get a Car Loan Without Credit History ?

Why having no credit history is a drawback?

The problem with having no credit history is that the lender has no means to measure the risk involved in lending to someone with no credit history. Unless you can provide some other asset as collateral besides the car, the lender is incapable of establishing the loan amount he can grant, the interest rate he will charge and the number of installments or loan length.

What the lender wonders is why someone with no credit history never requested a loan. Was it that he never needed one before? Or was it that he already knew he wouldn’t get approved?

What can be done to solve the no credit issue?

There are many measures you can take in order to work out this problem. What you need to do is to start building yourself a healthy credit history. There are many financial products you can acquire in order to get the financial institutions start reporting to the credit agencies and thus start building a credit history.

Payday loans do not require credit checks, so you’ll be able to apply for a payday loan without worrying about not having a credit history. The problem with payday loans is that the interest rate charged for this kind of products is very high and you may not need the money, so it makes no sense to request an expensive loan just to get your payment recorded into your credit report. Besides, you’ll need a savings account and a steady income which leads us to the really first step:

If you don’t have one already, open a savings account with a bank and if possible a checking account too, this will contribute to your credit history building process. Since any transactions made with this accounts will be recorded and reported to credit agencies.

If possible ask for a credit card, use it for daily expenses you would otherwise pay in cash and pay the full balance when the credit card payment is due. This will be recorded into your credit history too and will raise your credit score significantly.

The next step would be to find a lender, the smartest thing to do is to request one first at the financial institution where you opened the accounts. However if you can't get approved there, you may want to try applying with other lenders. There are many online car loan lenders dealing with bad credit car loans specially designed for those with bad credit, no credit or even bankruptcy.

Getting recommendation letters from your employer and from any creditor that doesn’t report to credit agencies stating that you are a good payer, will greatly improve your chances of getting approved for a loan. It may sound a idealistic thing to do but I assure you that the lender will take those letters into account too when making a decision.

Mary Wise, a professional consultant with twenty years in the financial field, helps people in the process of securing personal loans, mortgage, refinance or consolidation loans and preventing consumers from falling into the hands of fraudulent lenders. You can visit her site and get aid for Car Loans regardless of your credit. If the link doesn’t work, just copy and paste it in your browser’s address bar.

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Want Car Loans ? Click Bad Credit Car Loans

Tuesday, June 20, 2006

Bad Credit is No More a Hurdle for You! Go Get a New Car

Who doesn’t want to possess a car? After all it serves many of our purposes. You go to your office; you take your children to school, you go for shopping, go to parties, go for picnic and so many other places. Wherever you want to go your car is your companion. It has become such an essential aspect of our lives that many people can’t imagine living without a car.

Buying a car is not that difficult these days as there are a number of lenders who are ready to provide you car loans at low interest rates. But, what if you are having a bad credit score? A bad credit record essentially means that you have not been able to repay your previous loans, you might have faced the problem of Country Court Judgments (CCJs) or you are having a lot of arrears due on you. In such cases it becomes really difficult for you to obtain a car loan. This is because lenders hesitate to grant you loans considering your bad credit past.

An ADVERSE CREDIT CAR LOAN is the best solution to your problem. This is a kind of loan specially designed for people having a bad credit record. It offers you the best possible deal to buy a car despite your bad credit history. The interest rate charged on such a loan is generally high. Since you have a poor credit record the lender keeps a strict vigil on your repayments. Your monthly installments are also bigger and the repayment duration is generally shorter.
After availing an adverse credit car loan, if you keep up with your repayments and you are regular with your installments, your credit rating automatically goes up. And with an improvement in your credit score you can take a cheaper loan to repay the previous loan. This will enable you to pay less interest and small monthly installments.

There are a variety of car loans available in the market. Also, there are a number of lenders who provide adverse credit car loans to people with bad credit record. So, if you are one of them and want to buy a car, just go through some useful websites on the Internet. You will have to do a bit research work so that you can find a good deal. With online loan application procedure your work has become easier.

About The Author:
The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Adverse-Credit-Car-Loans as a finance specialist.

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Car Insurance Tips & Tricks

Car insurance is one of those things that everyone hates paying, but knows they must have in order to drive. In most states, driving without car insurance is against the law. When you are caught doing so, you can even lose your license, which is tragic to most people. Therefore, if you want to drive, there is no way around having insurance. You do have the option of choosing what type of insurance you get however.

The best thing to do when you need car insurance is to shop around. Call around to ask for the best rates from each company. You can also do this periodically after getting insurance, so you will know you are still getting the best deals.

After finding the right company, you need the right plan. If you lease your car or truck, you might need more than your state’s minimum coverage. However, if you own your vehicle, it is really up to you on what you get. You should get as much coverage as you can, however there are some options that you might not need. Keep in mind that the insurance salesperson will want to sell you everything, so be wise about your decisions to accept or decline.

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Want Car Loans ? Click at Adverse Credit Car Loans

Save Your Money When Buying a New Car

The automobile is certainly a wonder of twentieth century technology. It has made its place in our American history. Though not as well known, a whole industry had to be created to effectively market this fairly expensive luxury to the general public.

The franchise system was used to lock in big profits for the auto manufacturers. Your local Ford or Chevrolet dealership is part of this system. If you want to buy a new Ford or Chevy you have to buy it from one of these dealerships.

The automobile dealership is basically a franchise granted to a car dealer by the manufacturer. These dealerships are exclusive franchises. This gives the car dealer many marketing advantages. Car dealers will use their proprietary knowledge to inflate the cost of your car purchase. Certain marketing practices could potentially cost you hundreds, even thousands of dollars that you shouldn't pay.

Although the car dealer may be reputable, the industry of car sales has adopted selling methods, practices and techniques that cause unsuspecting car buyers to pay more than they should for a new automobile.

These front-end charges are unnecessary and should be avoided:

Car Buyer Mistake #1 --

If you are charged a large amount of money for "set-up and prep charges", then beware. The truth of the matter is that the car was inspected before it left the manufacturer. The car was insured in transport to the dealer and if there was any damage during transport, that would have been paid by the trucking company. The total preparation to sell you the car really amounts to a quick car wash. Prep charges can run up to $800. You should pay nothing for any prep charges.

Trade-in Trickery --

Dealers hate to take trade-ins. They either have to sell them on their own lot or dump them at a car auction. It generally costs a dealer $600 to handle your trade-in. The dealer will pass this cost along to you. And even though the salesman says he can get you "top dollar" on your trade-in, you are really only getting the amount the dealer knows that he can sell the car for at an auction.

There are also other questionable charges that occur at the back-end of a car sale. You can avoid losing hundreds of dollars by being aware of these dealer tactics to make more money.

Dealer Periodic Maintenance:

Don't fall for this one. The dealer will charge you $40 per hour or more for every scheduled visit back to the dealer. You can get the same quality of service at Jiffy Lube for $20. The dealer is simply trying to assure more business for his dealership by selling you this option after you purchase your new car. If your car ever needs to be fixed, you may want to have the work done somewhere else anyway.

Vehicle Undercoating:

Even though the dealer might insist that you need this option, the truth is that the body of the car will begin to rust before the undercarriage will. Unless you plan to keep the car past 5 years, and you live near a coastal area, you can skip the undercoating and save $200 or more. All cars have a protective coating on the underside of the vehicle included standard anyway.

Credit Life and Disability Insurance:

You will be offered this insurance if you finance your car through the dealer. It seems like a good deal. It pays off the car if you become disabled or die. And you can just add it to the monthly payments, right? Yes, but don't buy this either. The total cost of this insurance will run you $1000 over the life of the loan. Save your money.

And always get your car loans from the bank, not the dealer. This will give you confidence when you walk into a dealership knowing that you are already pre-approved for the car of your choice. Don't buy a car just because of a rebate or low interest incentive either. These don't really save you all that much and you can pay less for the car you really want by knowing the following information about car dealerships:

The dealer's markup on a new car is between 18%-20%. This little bit of information will allow you to save money because you will know what the dealer actually paid for the car. You can negotiate a better price when armed with this information.

If you do buy a brand new car, expect the car to depreciate immediately by 20% when you drive it off the dealer's lot. This is because it is now a used car.

In the next year, your car will depreciate by another 10%. The second year it will have depreciated another 20%. So if you buy a 2 year old car in good shape and have it checked out by a certified mechanic before you buy it, you can save up to 50%.

These are tips that could save you or someone in your family a lot of money on your next car. Be a wise consumer. Always ask questions and know your options. It's the best way to keep more of your money.

This article was prepared by the Auto Mall Department of the biggest portal directory in Calgary, Alberta, Canada. Visit the Auto Mall section at to post or search for Calgary Vehicles.

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Friday, June 16, 2006

Refinance Your Auto Loan

As interest rates drop, people's thoughts turn to refinancing — refinancing their home loan, that is. What they don't know is that refinancing an auto loan is easier to do, and it can save you some serious money. How much? Say you bought a new car six months ago. And say there were a few dings on your credit so the dealer told you that your loan would be 11 percent on a 5-year loan for a $23,000 car. Your monthly payments are $500. Now let's say that you surf the Web until you find a company that offers auto refinancing. You could refinance the balance of your loan and lower your payments to about $400 a month. That's a savings of nearly $6,000 over the life of the loan.

Other examples could well be more dramatic. In some cases, a new car buyer could wind up with a loan based on an 18 percent interest rate. By refinancing at a competitive rate, the monthly payments would be slashed.

"One of the best-kept secrets today is refinancing your auto loan via the Internet," said Brian Reed, president of "All it takes is the time to fill out the application — which is about 10 minutes.

"Other lenders have also gotten into the refinancing game. refinances cars on a "referral" basis — taking loan applications and matching them with banks. An E-Loan spokesperson said the recent dip in interest rates has brought a steady stream of is another company refinancing auto loans. On its home page, a flashing sign seems to reflect the feelings of many consumers:"Love your car, hate your car loan?" In a nutshell, this sentiment is exactly what moves people toward auto refinancing. has been a leader in the online lending field since they started 1995. The first loans were put on the books in 1997, said Reed, and last year the company wrote $750 million in loans."So far this year, we're on pace to double that figure," Reed said. Currently, PeopleFirst is offering one of the lowest interest rates for refinancing car loans — 7.45 percent for a 36-month loan (see for current interest rates).

Reed points out that his company has given "people the ability to go into a dealership as a 'cash buyer.' Otherwise, once the salesman starts talking about interest rates and monthly payments, the customer comes out of the dealership with their heads spinning."So what kind of consumers should consider refinancing their auto loans? Reed has identified the four types and given them each a name:"The Saver:" This type of customer is always keeping an eye on the Fed (Federal Reserve) and when interest rates drop, they begin shopping for a way to improve their personal financial picture."The Newly Educated Remorseful:"

A car owner may have recently bought a new vehicle and financed it through the dealership. Then, a neighbor or friend innocently asks, "So what interest rate did they give you?" The car owner goes back to their contract and finds that the dealer made a pretty penny on them by marking up the interest rate several percentage points. Buyer's remorse sets in ... and the search for a new auto loan begins."The Budgeter:" This customer may have bought the car on a short-term loan — say two years. The payments are high but affordable. Now suppose this customer's economic picture changes — he buys a house, for example — and his monthly expenses shoot up. He looks at that auto loan and wants to spread the payment out over a longer period of time. Refinancing the auto loan is just the ticket to do that."The Lessor:" Many people are leasing their cars these days. Some find that they want to keep the car at the end of their lease. In some cases, the dealer is of no help establishing a loan. Doing a "buy out" — where the customer actually purchases the car and establishes a loan — is a smart move in this case.As a test case, we called and asked for their best rate to refinance a $10,000 loan on a late-model used car.

We were told that the loan could be financed (subject to credit approval) at 7.45 percent and monthly payments would be $310.83. The application was free and could be made online. However, there would be a $15 lien filing fee (it varies from $5 to $65 depending on which state you live in). Consumers who are thinking of refinancing should visit By typing in the name of your state of residence and the city closest to you, a list of lenders and their rates are presented in an easy-to-read table. The table also shows whether a fee is charged; contact information is given, too.So, if refinancing is such a great move, why don't more people do it? Possibly, they anticipate the same kind of application-heavy process found in refinancing a home loan. It could simply be that people don't know it is possible. After all, the only risk is the 5 to 10 minutes it takes to fill out the application. Make sure, however, that no points are charged for the refinance process.Remember, as the Federal Interest Rate drops, auto loan rates follow. Why throw that money away paying interest? Join the wave of the future and surf the Web for a good new auto loan.

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A flying car in every garage!

With $150,000-plus, commuting could become fun.

PICTURE THIS: You're stuck in bumper-to-bumper traffic. A flip of the switch and you simply fly away.

This is not a fantasy. Carl Dietrich, 29, an MIT graduate student, has invented a flying car. This summer Dietrich will unveil a scaled-down version of his SUV-sized model -- make that PAV (personal air vehicle) -- at the Experimental Aircraft Association's AirVenture convention in Oshkosh, Wis. (This year he won the $30,000 Lemelson-MIT student prize for his work.) If plans get off the ground, the car could be on the market by 2009. Estimated cost: $148,000.
Here's how it works: The PAV has folding wings to operate on the ground and in the air. It carries two passengers (plusluggage) and gets up to 500 miles on a tank of premium unleaded gasoline. And it can fly at speeds up to 130 mph. One catch: Operators must be licensed as sport pilots. (A 20-hour course costs about $3,500.) Learn more at

Contributing: Judy Mandell, Gary Stern

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Turn Your Dream Into Reality Through Car Loans

With increasing demand of cars, every consumer wants to avail car loans. Buying cars is no more a luxury as it has become a necessity. Whether you are a student or a working man, you need to use car in order to reach your destination soon. If you have enough savings, you can buy cars by paying hard cash. That is not the case all the time.

Car loans come in two forms. Secured car loans and unsecured car loans. Secured car loans need collaterals in order to secure them. Interest rates are low in the case of secured car loans. Your monthly outings will be within your budget and it is spread over years which make it more convenient for the borrowers to pay. Secured car loans are easy to get. Some car owners prefer secured car loans because of its flexibility and longer repayment period.

Unsecured car loans are short term loans. It is easily available and you can get your loan within weeks. You can pay off such loans more swiftly, thus you can save lots of amount in interests itself. Depending upon the need people prefer their type of financing. Unsecured car loans are becoming increasingly popular.

Searching car loans through Internet can be an exciting proposition. It is more easy and convenient for the borrowers. You can compare the rates of different car loans. In fact, you can get instant quotes through online services of car loans providers. So, excel your search of online car loans, before you settle for a reasonable deal.

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Bad Credit Car Loans Have Their Advantages

Are you one of the many people who have credit problems? Poor credit ratings and bad credit is more common than you think. Bad credit is not something to be ashamed of as it can happen to all of us at some time in our life. The good news is that with some effort on your part you can improve your credit ratings.

Even if you have bad credit, you can still qualify for a bad credit car loans. When you are ready to begin shopping for your car, there are a few things to consider. Do not take on a car payment that you know in your heart that you cannot afford. A bad credit car loan is a tool to help rebuild your credit ratings thus purchasing a car that you know you cannot afford can be more detrimental to your credit rating.

In order to qualify for a bad credit car loan, you will need to have a job or sufficient income to pay your current bills, the loan payment you are about to commit to and the costs of maintaining and insuring your car. A steady and sufficient income could get you that bad credit car loan even if you have a bad credit. Your lender would like to see that you have had your current job for at least a year and this could make them overlook your bad credit hence increase chances in approving your bad credit car loan. Try to maintain your address for a while, as well, for this can keep your bad credit at bay and help in the approval of your bad credit car loan.
Having a large down payment will also help in financing your new car with a bad credit loan. Your down payment will depend on the car model you wish to buy. It could range from hundreds to thousands of dollars.

Belonging to a credit union is advantages if you are trying to finance a car. The credit union criteria for applying for a loan is often more relaxed compared to banks and finance companies. The longer you have been a member in a credit union, the more positive the response is for your bad credit car loans despite a bad credit rating.

Applying for your loan through a bank is another option. Should you have had a previous loan with them, they could still want to take a chance with you on your bad credit car loan. If by any chance you have paid off a previous loan, they could consider your bad credit car loan application even if you have bad credit history in other banks of finance companies.

You could consider a co-signer for your car loan. Although your co-signer must have a good credit rating and meets all the necessary requirements of the bank, credit union or finance company.

Bad credit will indeed affect your bad credit car loan application, but you can still explore other possibilities. A large volume car dealer can negotiate a car deal and possibly offer financing too. A finance company can also work with you and get the bad credit car loan you need. The trick to financing is to see an aggressive finance manager who will overlook your current bad credit and help to rebuild your credit rating with a bad credit car loan.

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Tuesday, June 13, 2006

Best Car Loan Rate - Finding Cheap Rates Online

There are many ways to find the lowest car rate online. Today, many lenders offer car loans for all credit types. Because of this, many smart buyers are shopping around for the lowest rate before accepting an auto loan offer. Having good credit makes it a little easier to secure low rate financing. On the other hand, if you have a low credit score, it may take a bit more effort on your part to find the cheapest rate.

What Contributes to a Low Rate Auto Loan?

Aside from comparing quotes from various lenders, other factors make obtaining a low rate possible. For starters, individuals with a strong credit history are more likely to receive offers with low rates. Never underestimate the importance of establishing and maintaining a good payment history with creditors. By following a few simple rules, you can easily boost your three digit credit score.

If you are determined to get a low rate car loan, make sure that all creditors receive payments on time. Skipped or missed payments will decrease your credit score by a few points. If this becomes a habitual problem, your credit score will suffer.

Moreover, avoid applying for many lines of credits within a short period of time. Credit inquiries are equally damaging. Lastly, reduce debts. Having too much debt can actually decrease your credit score. Additionally, it counts against your debt-to-income ratio, which may make it difficult to qualify for a more expensive vehicle.

Use an Online Auto Loan Broker

To find the cheapest auto loan rate, you must be willing to search for them. Several lenders advertise low rate auto loans. These loans are generally reserved for individuals with superb credit ratings. However, it is possible to get a good rate with perfect, fair, even bad credit.
Auto loan brokers provide a valuable service. If you are having trouble finding a good lender, think about using a broker. Brokers have dealings with many lenders and are familiar with various loans. Additionally, brokers provide a unique service by matching you with up to four different lenders. This is great for comparing and contrasting different offers.

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Realise Your Dream Car With Personal Car Loans

Personal car loans as the name suggests are taken for the purpose of buying cars. You always had a dream of buying your own dream car. But, shortage of funds has always stopped you from purchasing your dream car. You need not get dishearten as personal car loans are specially designed to fulfil your dreams.

Personal car loans are used to finance for either new car or for a used car. Personal car loans are of two types i.e., secured as well as unsecured personal car loans. If you can offer collateral as security, you can avail secured car loans at low interest rate, small monthly repayments, flexible repayment terms, etc.

Unsecured personal car loans on the other hand, require no collateral. Lenders offer such loans at comparatively high rate of interest. But, with cut-throat competitions in the financial market, borrowers can avail unsecured personal car loans at competitive rate of interest.
Personal car loans are not only for people with good credit history rather it is also open for people having bad credit records. Persons having bad credit record are people who have faced problems like County Court Judgments (CCJ’s), defaults in repayment, arrears, etc.
You should always remember that buying a car involves a good amount of money. So, shop around for the best loan deal. Also make a budget for your car loans. This practice will really help you in getting one of the best personal car loans.

You can fulfil your dream of purchasing a new car. Personal car loans are there to help you facilitate in getting the funds. So, drive home your new car and go for a long drive with your near and dear one.

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3 Reasons To Refinance Your Car Loan

Most people know that they can refinance their house, but fewer know that it's possible to refinance a car loan, too! It's become extremely popular in recent years. And it might seem like a silly idea, since most car loan terms are short--typically three to five years. However, it can be a good idea, since:


If you got your car loans when rates were high, you may be able to get a lower rate now. Or perhaps, when you first obtained your car loan, your credit was less-than-perfect. If you've managed to improve your credit score over the past year or so, you may now qualify for the lower rate. And a lower interest rate means less cost to you over time. Even dropping your rate by 1-2% can mean significant savings over the life of your loan.


Many car loan lenders that will refinance your loan don't charge any fees. That means no application fees, no fees for paying off your first loan early, and no other extra charges. So in many cases, refinancing your car loan won't cost you anything at all! And if you refinance for a lower rate, that's like saving money for free.


Although you will have to go through a credit check, there are lots of lenders out there who will help bad credit borrowers refinance a car loan. And many of these lenders are available online, which means very little paperwork, almost instant approval and a no-hassle application process! In fact, online lenders are typically more flexible when it comes to interest rates and fees, which means more savings for you. Chances are a quick Internet search will turn up hundreds of lenders who want to help you refinance your car loan and save money. Here is a list of recommended Auto Refinance Lenders online. It's important to use a reputable lender online to make sure your personal information is secure.

Although most lenders won't charge you any fees to refinance your car loan, it is possible you'll have to pay to have the title of your car changed. So ask about any of these extra costs first to ensure the savings is worth the expense.

ABC Loan Guide wants to assist you in finding the perfect Refinance Car Loan options. They also have more information about Bad Credit Car Loan Refinancing as well.
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