Category Archives: Car Loan

Are You Thinking Of Car Loan Refinancing?

When you bought your own car, you might not have found the best financing deal. You could have taken out your car financing through a car dealer at an interest rate that is possibly higher than other financiers. This could be one of the reasons why you are currently paying way too much your current car loan. If your credit has not been in tip-top shape, you could be paying a higher interest rate as penalty. If so, then it’s high time you looked into refinancing.

Car loan refinancing is fast and easy. Once your car loan refinancing application has been approved, your current loan will be paid off by the new car finance company. You will be making payments at a lower interest rate than you have been previously paying. You’ll be surprised at how much you will be saving on car loan refinancing. Your savings could amount to hundreds, even thousands of dollars over the course of the loan, depending on how much your new interest rate is charged on your car loan refinancing deals.

Car loan refinancing may be a very promising way of saving you money but most people have not thought of refinancing their cars. You can say that car loan refinancing works in the same way as home refinance. In car loan refinancing, you pay off your current car loan with a refinancing car loan.

This time the loan comes from a different lender with a lower annual percentage rate, making your monthly car loan payments much less with interest rates that have dropped, while allowing you to pay off the balance of your car loan in a shorter span of time. Car loan refinancing has become a very popular trend because of the dropping interest rates. Use the money you save through your car loan refinancing to pay off credit card debt or accelerate your car loan payoff.

This is exactly the reason why people with bad credit who are paying a high APR need to apply for a car loan refinancing with low APR. Most bad credit borrowers can indeed refinance to a lower APR but many don’t think to try because they were “programmed” or duped by the dealer into thinking they are stuck at the higher APR they have imposed.

It’s very important to have a car loan refinancing early, because with car loans, the interest is mostly paid in the earlier payments. The earlier your car loan refinancing is approved, the more money you save. If you wait until the 4th year to refinance your car loan, your savings will be a lot less.

How much is the ideal APR for a car loan refinancing? If you didn’t get 0% to 3% APR car loan from a dealer or bank, you should consider a car loan refinancing. Even if you got a decent APR auto loan, consider having a car loan refinancing. Most online car loan refinancing sites have a car loan calculator. You’ll be surprised at how much money you can save just by lowering your interest rate. Refinance your car loan today!

Uchenna Ani-Okoye is an internet marketing advisor and co founder of Free Affiliate Programs

For more information and resource links on auto loans visit: Best Auto Loan Rates

Car loan? Here’s what your dealer isn’t telling you

What you see is not always you get as car dealers can sometimes be deceptive in disclosing the full terms of an auto loan.

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What You Should Know About Car Loan Calculators

There are many car loan calculators available to allow you to determine your monthly payment or even your car purchase price.

‘Buy or lease’ car loan calculators are also available. Such calculators are capable of comparing amounts, and will let you see which the better value is for you.

One limitation of a car loan calculator is that it is not a quote. This is because your actual repayments may change based on your individual circumstances.

The features of a car loan calculator are generally similar. Most car loan calculators allow you to put in the amount of money you would like to loan. Afterwards, you can select how many months you would like to pay it back. Finally, you can click the car loan calculator button and see how it works out how much you will end up paying the finance company. This would, of course, depend on how many months you choose and what their annual percentage rate (APR) is.

A car loan calculator can be offered free on the internet as an Excel Spreadsheet Download Area. It is ready to use. All of them have several loan scenarios on one 8×10 printout, allowing you to make quick decisions about your car loan. You can also find car loan calculators online at E-LOAN and Capital One Auto Finance. If you have a PocketPC type PDA, you can download a version of some car loan calculator for PDA. You can use the spreadsheets to compare online auto loan rates to the car dealer auto loan rates. New car financing has never been easier for you.

Here are some general kinds of car loan calculators and see which works best for your car loan needs.

Free Car Loan Calculator – There are tons of free car loan calculators around, especially on the internet. Remember most of the calculators are just to work out what your ideal monthly payments should be and are NOT a quote. There are free car loan calculator links all over the net.

New Car Loan Calculator – New car loan calculators help you work out your ideal monthly payments. A lot of new car loan calculators can be used for a variety of uses like used car loans. With this calculator, you can usually enter your own interest rate for your loan.

Online Auto Loan Calculator – There’s quite a lot of online car loan calculators out there that you can use and you’ll find links to online auto loan calculators that can hopefully help you find the best deal.

Why are car loan calculators useful? You’ll need to calculate your car loan payments and look up dealer costs for cars and trucks. Without the knowledge you have derived from using a car loan calculator, you could miss out on a good deal. Bank and finance companies could take advantage of your lack of research.

As you try to arrive at how much car you can afford with car loan calculators, don’t think in terms of the monthly payment or just of the total price of the car. The monthly payment, as we’ve seen, can be manipulated just as easily and both approaches leave out other costs associated with the car, such as insurance, fuel and maintenance. To truly understand if you can afford a car, you must take all these factors into consideration. There are ‘how much car can you afford?’ calculators which will help you arrive at a close approximation. They work in the same way as car loan calculators.

There’s still more to do before you actually start shopping for a car of your own. Decide whether you should buy a brand new or a pre-owned vehicle and whether you would be better off buying or leasing. There are pros and cons to both questions. Either way, car loan calculators can speed up your decision.

Uchenna Ani-Okoye is an internet marketing advisor and co founder of Free Affiliate Programs

For more information and resource links on auto loans visit: Best Auto Loan Rates

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Have You Ever Considered an Online Car Loan?

If you want to get the advantage of checking with more than one lender when applying for a car loan without spending a lot of time, why not try online car loans?

If you go for an online car loan, you’re sure to get the best car loan rates. That way, you do not only save your time, but your money, as well.

What exactly makes online car loans better? You’ll be surprised at how much lower online car loan rates are compared to car dealers. You get to be charged a lower annual percentage rate (APR). Furthermore, no application fees are charged, particularly on new and used car loans.

Your online car loan APR is locked for 60 days, while computations are made through an online car loan calculator. Naturally, an online car loan will definitely not cause you a single headache, bad credit car loan scams, and the frustration of car dealers. You’ll be sure your online car loan will be approved even in as fast as half an hour during business hours.

You’re guaranteed that there are absolutely no car finance hidden charges, points or prepayment penalties with an online car loan. Your online car loan lenders will send your check, which will arrive the next day, via FedEx.

There are several companies that are most preferred for their online car loan services. They offer free car loan quotes for new and used cars.

These online car loan providers also offer car financing that can save you money many times over by getting you a loan at a much lower rate than you are already being charged. And whether you have good credit or bad credit, these online car loan companies are there to help you get the loan you need, at the lowest possible rate.

These companies are Capital One Auto Finance, RoadLoans, ELoan and CarDotCom. Capital One Auto Finance is America’s largest online car loan provider. It offers a wide range of vehicle financing deals, from new or used car loans to motorcycle financing, auto refinancing and even lease buyouts.

After applying for an online car loan at Capital One, you get a response in 15 minutes and you’ll be driving your new car as soon as a day after. Capital One provides car loans to customers either online or dealerships nationwide. It provides online car loans usually 1-2 percentage points lower as compared with the national bank average.

RoadLoans is another top provider of online car loans. If you either have good or bad credit, you’ll be entitled to Roadloans free online car loan application. It will only take a few seconds and you will usually get a response back within minutes.

If approved, you will receive a check overnight. You can therefore negotiate the best price for the vehicle with the check in hand as you would like a like a cash buyer.

Even after being approved for an online car loan with Roadloans, you are not under any obligation to use the check. If you get a better loan rate quoted to you by the auto dealer, no problem. Just tear up the check and discard it. There are no penalities or fees.

If you apply within regular business hours, you will receive a response within 15 minutes from Eloan. That’s how easy it is to apply for an online car loan with ELoan. Once you’re approved, you can choose to download and print the E-Fund agreement immediately, or receive it through the mail.

The E-Fund agreement works just like cash at any franchised dealer. You can use it immediately to buy your car on the same day you get it, or keep it and shop around for weeks!

Just like RoadLoans, Eloan doesn’t require you to use the loan even after you’re approved. If you are quoted a better loan rate, just tear up the check and discard it. You will not be charged the penalities or fees. Eloan provides online car loans as free no obligation service.

CarDotCom gives its customers the ability to receive actual price quotes from partnered dealers in their area, research car prices, specifications and product reviews, obtain financing for their new or used car purchase and sell their car online.

So why apply for an auto loan online? It’s simple, fast and it can work for you!

Uchenna Ani-Okoye is an internet marketing advisor and co founder of Free Affiliate Programs

For more information and resource links on car loans visit: Cheap High Risk Auto Insurance

How to buy a first car and get a responsible first time car loan from Clearpoint Credit Counseling Solution’s “Financial Firsts” video series.

Buying a first car is a major financial first in the lives of most people. And if not handled properly, it can be the start of serious credit and financial issues. Buying a car with cash is great. But most of us will at some point need to take out a car loan in order to finance the purchase of a vehicle. There are many disreputable lenders in the auto financing business, and if a deal sounds too good to be true, it probably is.

Understanding some basic principles about lending, credit, and interest will provide you with the tools you need to make your first car buying experience a positive one. Consider a free consult with representative from Clearpoint Credit Counseling Solutions, a non-profit credit counseling agency, before you sign on for more car loan than you can handle.

To learn more, please visit the Clearpoint Credit Counseling Solutions website:

Clearpoint Credit Counseling Solutions
8000 Franklin Farms Drive
Richmond, VA 23229
(800) 750-2227

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Auto Lending: Last Week Tonight with John Oliver (HBO)

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How you can Choose a Perfect Loan?

car loan
by Tojosan Every vehicle is a lot more compared to a four-wheeled automobile. It’s proprietor’s glory, enthusiasm and a source of wonderful affection. Yes, an auto is not just a way of transportation. It’s America’s satisfaction as well as its utmost ecstasy.

When one lays out to buy an auto, a number of traits are to be considered. The majority of people have an idea of exactly what auto to acquire. However, there is confusion and problem when the subject of loan turns up. This article will offer you an in-depth understanding of the several auto financing options available with you.

Cash Before Everything Else
It is so true. You could not venture out for purchasing an auto when you have no suggestion concerning your finances. If you think loan are going to do everything for you, reconsider. You will need to manage down repayment and make certain routine payments. Auto loan are simply to give convenience in acquiring.

Searching for that best loan needs you to meticulously place with each other all your income as well as expenditures as well as then preparing your budget. You will have to consider your cost savings and choose something that will certainly not provide you financial trouble.

< br/ > A Plenitude Of Options

Every little thing relies on getting the details that matches your scenario. So, don’t opt for the first financing choice you get. Do not simply stroll into your regional supplier’s workplace or your area bank. You have to initially do a total research and also evaluate your problem and requirements.

In order to help you make a great choice, below’s all the information regarding loan kinds. Look into all the benefits as well as drawbacks of every option. It will certainly help you make a sensible choice.

Dealer Funding< br/ > A vehicle loan with a car from the same yard-seems also appealing to ignore!

Many Americans select car dealership funding due to the fact that it offers a one-stop option. Suppliers supply loans for brand-new in addition to utilized cars. You need to realise that many dealers are link in between you and also the loan provider. Such dealerships will not themselves provide you cash, rather will certainly sell you loan application to lending institutions.

This choice is hassle-free yet see to it that dealer is not demanding a high passion rate. For that, you should look into as well as be cautious of any warnings. Additionally, don’t go with any kind of add-on if you do not feel their need. It will certainly assist you lower the expense.

Individual Loans Banks as well as banks supply financings for practically any objective like purchasing a personal product or perhaps a vacation trip. You can obtain individual lendings for purchasing your desire automobile. Currently, this type of financing serves when you require a financing for a smaller amount like $ 15,000.

Automobile Leasing< br/ > This is an additional option for you. When you lease a car, you only spend for the price of utilizing it. The greatest benefit with leasing is that your month-to-month payments will be significantly lower than the normal auto financing payments.

You do not have to worry regarding deposit as well as the lease agreement will overcome in two-three years. You constantly have the option of getting the vehicle at the end of lease agreement.

When you go for lease financing, do not forget to bargain the auto cost. Most buyers believe that should pay the complete price tag which is incorrect.

Equity Lendings If you are among those few lucky individuals that have sizable possessions like a home, you can go with equity loans. You can obtain a home equity loan using your home as collateral.

Although the rates are lower as well as the passion is tax-deductible, there is the threat of losing your residence.

Credit Cards< br/ >< br/ > Though it could appear uncommon, yet there are many who opt for this technique. A charge card could aid you purchase an auto for a smaller sized amount like $ 10,000. You should have a low-interest bank card. With large competition, getting an affordable card won’t be a problem for you.

The only trait is that you will certainly need to restrict various other acquisitions on your card. Additionally, the majority of credit rating card business demand a 3% processing costs. If you ensure paying this cost to the supplier, go all out.

Auto loan< br/ > This is as preferred as car dealership financing, otherwise even more. In this kind of loan, your car is made use of as security versus monthly repayments.

It is great option if you make regular payments. The only point that you should remember is that you will not have the ability to fund a car older compared to six/seven years.

Online Car Loans This type is simply the blend of vehicle loan as well as the web. With technical improvements, you could obtain every little thing on the internet as well as auto loan are no various. On the internet lending companies have a big network of lenders and also dealers that bid for your application. All you require to do is fill up a straightforward on the internet application form.

As there is a large network, obtaining a loan is relatively easy. Additionally, the ease of getting a lending without relocating out of your home is extremely appealing.

You ought to only be worried regarding the firm’s integrity. You could examine the web site’s safety by going through their safety and security certification. Don’t choose a company that demands for lending quotes since there are several trusted sites that provide totally free quotes.

The best ways to Select That Perfect Loan?

< br/ > Just go over with a fine-tooth comb.

Once you select the kind of loan and apply, it’s time to look at the financing quotes. Lending repayments are essential yet it should not be the soul of your decision. There are a number of aspects which are similarly important. Before you hurry to your choice, take an appearance at these variables.

Loan Term Your financing term will have a substantial influence on your financing. A longer financing term will certainly indicate that your month-to-month payments are smaller sized, but you could eventually be paying more passion price. It is suggested that your term should remain in accordance with the helpful life of the auto. Your lending should get over before the life of auto to avoid the danger of an upside-down lending.

Rates of interest Passion depends upon variables like the loan quantity, lending term, credit rating rating, financial problem, etc. One important pointer to lower financing rates is by making a substantial down repayment. This will certainly minimize your loan quantity and impart a sense of faith in the loan provider.

APR< br/ > The Yearly Percent Proportion will certainly tell you concerning the overall expense of the financing consisting of all costs and costs. The majority of borrowers consider simply monthly payments. But, it is impossible to contrast various lending quotes with various lending terms. When you contrast two financing quotes with the aid of APR, you are considering all the variables.

Provisions You have to contrast loan quotes on the basis of the clauses in the financing arrangements. Couple of loan providers prohibit you from re-financing your vehicle loan for the first couple of months. Some lending institutions also supply absolutely no percent financing for the initial few months just and after that charge a floating rates of interest. So, check for such provisions which could trigger issue in the future.

Fees And Penalties

Examine the financing agreement for origination charges, yearly fees, prepayment charge as well as penalty for losing out on a repayment. Select a lender that has lesser fees as well as doesn’t charge you for making early re-payment. The latter will certainly be helpful if you decide to re-finance your lending.

Payments It is necessary to realise whether you are supposed to make payments regular or regular monthly. If you can manage monthly payment, don’t think about other choice. This is so due to the fact that it will certainly offer you the selection of making normal payments without any type of unnecessary monetary restraints.

Once you compare quotes on these variables, you will certainly get a champion. Selecting your loan by this approach may require time yet exactly what matter is the simplicity in paying. Every element is very important in making your life less complex and your vehicle getting encounter a lot more satisfying. So, memorize these essential pointers.

< br/ > Owing an automobile is a dream for numerous, yet one that takes a smart decision can meet it in true sense. Loan won’t be a trouble if you consider your requirements and economic problem. Bear in mind a great decision comes with a comprehensive study process.

All the most effective for selecting the very best!

< div class="bio" > A vehicle lending is a really crucial choice and also you should select the best. Obtain your excellent loan with Our wide coverage and a big network of automobile lending institutions enable us to provide you wonderful selections. Apply currently as well as open doors to big car lending opportunities.