Why Refinance Your Vehicle Loan?
By [http://ezinearticles.com/?expert=Carrie_Reeder]Carrie Reeder
Many people never consider refinancing their auto loan. However, if you have a high interest rate, and have been paying on the auto loan for at least a year, refinancing may be a good option. Individuals who received a high interest rate on their automobile likely had bad credit at the time of purchase. Credit rating plays a huge role in deciding the interest rate given. Those who are successful in improving their credit may take advantage of the savings that accompany a refinance.
Switch to a Lower Interest Rate
The primary reason car buyers choose to refinance their automobile loan is to obtain a lower interest rate. A lower interest rate equals lower monthly payments. Credit applicants with good credit easily qualify for advertised low interest rates.
Good credit consists of paying bills on time and maintaining a good payment history with creditors. If your most recent car purchase came with a high interest rate, do your best to improve your credit over the next 6 months to one year. Avoid missed and late payments, and reduce your debt.
Refinance with Your Current Lender
When shopping for a lender to refinance your automobile loan, contact your current automobile lender. In most cases, lenders are eager to negotiate better rates with current customers. If you have a good payment history, and your credit score shows noticeable improvement, you may be able to obtain an interest rate reduction. The benefit of securing a refinance though your current lender is that prepayment penalty fees and title transfer fees may be waived.
Apply for Loans with Online Auto Brokers
If your current auto lender is unwilling to refinance your loan, shop around for another lender. Applying for a loan with several lenders is your best alternative. Complete an online quote request through an auto loan broker. Brokers have relationships with several lenders who grant loans to individuals with all types of credit.
Upon submitting your request, you will receive multiple offers from various lenders. Carefully compare rates, fees, and services. Choose the auto lender with the best rate and submit an official application.
Here are our [http://www.abcloanguide.com/autoloans.shtml]
Recommended Auto Finance Companies Online.
Carrie Reeder is the owner of [http://www.abcloanguide.com/]ABC Loan
Guide, an informational website about various types of loans.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder http://EzineArticles.com/?Why-Refinance-Your-Vehicle-Loan?&id=100336
Friday, July 27, 2007
Tuesday, July 24, 2007
Vehicle Finance Loans
Used Car Loans - 3 Tips For Financing Your Used Vehicle Online
By Carrie Reeder
Financing the purchase of a used vehicle can be done through
the convenience of online car loan lenders. Through their
websites you can request quotes, compare terms, and even apply
online. Online car loan lenders save you time and money by
making financing shopping easy. The following three tips will
ensure that you find the best financing for your vehicle
purchase.
1. Request Quotes
It is easy to compare rates online, but you really need to
request quotes to do real comparison. You should compare car
loans much like a mortgage. A difference as little as $17.00 a
month can save you over $1000 on a 60 month loan. Some lenders
charge fees, so watch for those. Sometimes small fees up front
will save you money through lower interest payments over the
course of your loan.
To find low rates consider using a car loan broker. They work
with several different lenders to bring you multiple offers to
choose from. You can also request quotes from individual lender
websites. With either type of site, you will receive your quote
instantly, enabling you to make a quick comparison.
2. Compare Terms
It is equally important to the compare terms of your car loan.
The longer loan term you choose, the more you will pay in
interest. However, longer loans also have smaller monthly
payments. You will also want to look at fees that may be
associated with early repayment or late payments.
Another factor to consider is increasing your down payment to
20% of the vehicle’s value. In some cases, this can qualify you
for a lower rate.
3. Get Prequalified
To gain added leverage in you car purchase get prequalified for
you car loan. By being prequalified, you get a blank check by
FedEx to go shopping with. You can use it to purchase a vehicle
from a dealership or individual.
In either case, you have the advantage as a cash buyer. There
is no question about your credit history, so there is the
incentive for the seller to close the deal. Take this advantage
by negotiating a lower price.
About the Author: Carrie Reeder is the owner of
http://www.abcloanguide.com, an informational website about
various types of loans. To view our list of recommended auto
finance companies online, visit this page:
http://www.abcloanguide.com/autoloans.shtml
Source: http://www.isnare.com
By Carrie Reeder
Financing the purchase of a used vehicle can be done through
the convenience of online car loan lenders. Through their
websites you can request quotes, compare terms, and even apply
online. Online car loan lenders save you time and money by
making financing shopping easy. The following three tips will
ensure that you find the best financing for your vehicle
purchase.
1. Request Quotes
It is easy to compare rates online, but you really need to
request quotes to do real comparison. You should compare car
loans much like a mortgage. A difference as little as $17.00 a
month can save you over $1000 on a 60 month loan. Some lenders
charge fees, so watch for those. Sometimes small fees up front
will save you money through lower interest payments over the
course of your loan.
To find low rates consider using a car loan broker. They work
with several different lenders to bring you multiple offers to
choose from. You can also request quotes from individual lender
websites. With either type of site, you will receive your quote
instantly, enabling you to make a quick comparison.
2. Compare Terms
It is equally important to the compare terms of your car loan.
The longer loan term you choose, the more you will pay in
interest. However, longer loans also have smaller monthly
payments. You will also want to look at fees that may be
associated with early repayment or late payments.
Another factor to consider is increasing your down payment to
20% of the vehicle’s value. In some cases, this can qualify you
for a lower rate.
3. Get Prequalified
To gain added leverage in you car purchase get prequalified for
you car loan. By being prequalified, you get a blank check by
FedEx to go shopping with. You can use it to purchase a vehicle
from a dealership or individual.
In either case, you have the advantage as a cash buyer. There
is no question about your credit history, so there is the
incentive for the seller to close the deal. Take this advantage
by negotiating a lower price.
About the Author: Carrie Reeder is the owner of
http://www.abcloanguide.com, an informational website about
various types of loans. To view our list of recommended auto
finance companies online, visit this page:
http://www.abcloanguide.com/autoloans.shtml
Source: http://www.isnare.com
Monday, July 23, 2007
Vehicle Finance Loans
Inexpensive Motor Vehicle Loans Based On Equity
By Kate Ross
Motor vehicle loans, being not so common, have little flexibility in terms of monthly installments’ amounts and thus, many think that if they can’t afford the monthly payments they can’t afford to purchase their dreamed vehicle. But truth is that there are other sources of finance with much better terms.
Motor Vehicle loans based on equity can provide you with all the finance you need and due to the benefits real estate equity provides you can obtain more advantageous loan terms than with regular motor vehicle loans whether they are secured or unsecured. Thus, if you need finance and can’t afford the monthly payments of regular motor vehicle loans, consider loans based on equity as an alternative.
Home Ownership Is A Must
Equity is the difference between the market price of a property and the amount of debt guaranteed by it. Motor Vehicles also have equity when a motor vehicle loan balance is lower than the market price of the vehicle. However, loans based on the available equity of a motor vehicle are not common and when we refer to loans based on equity we mean home equity.
Thus, in order to obtain loans for purchasing motor vehicles based on equity, you’ll need to be a home owner. This limits these loan niche a bit, but yet, those who qualify, can get real great terms on their loans and finance the purchase of their motor vehicles at a really low cost compared to unsecured motor vehicle loans and even to secured motor vehicle loans.
Benefits Of Loans Based On Equity
Loans based on equity carry many benefits compared to loans that are not secured. For starters, getting approved for a loan based on equity is a lot easier. There are fewer credit and income requirements for qualifying and you can also get significantly more advantageous terms on your motor vehicle loan this way.
The interest rates charged for loans based on equity are as low as half the rate of unsecured loan or even more. The repayment programs of these loans are significantly more flexible and you can extend them in order to obtain lower monthly payments so as to fit your budget. And last, but not least, these loans provide higher loan amounts which can let you purchase more expensive motor vehicles without having to resort to leasing contracts or other financial products that in the long run end up being more onerous.
The Cheap Financing Solution
Motor Vehicle Loans based on equity are the perfect solution that combines inexpensive financing with higher loan amounts, both characteristics that come very handy when you want to purchase a motor vehicle. In order to find a lender you can search for motor vehicle loans or home equity loans as not all motor vehicle lenders deal with loans secured with home equity. However, with home equity loans the money can be used for whatever purpose, including motor vehicle purchases.
---
Kate Ross is a professional consultant at Speedybadcreditloans.com.
You can click here to read more useful articles on this and other financial issues.
Article Source: http://EzineArticles.com/?expert=Kate_Ross
http://EzineArticles.com/?Inexpensive-Motor-Vehicle-Loans-Based-On-Equity&id=482882
By Kate Ross
Motor vehicle loans, being not so common, have little flexibility in terms of monthly installments’ amounts and thus, many think that if they can’t afford the monthly payments they can’t afford to purchase their dreamed vehicle. But truth is that there are other sources of finance with much better terms.
Motor Vehicle loans based on equity can provide you with all the finance you need and due to the benefits real estate equity provides you can obtain more advantageous loan terms than with regular motor vehicle loans whether they are secured or unsecured. Thus, if you need finance and can’t afford the monthly payments of regular motor vehicle loans, consider loans based on equity as an alternative.
Home Ownership Is A Must
Equity is the difference between the market price of a property and the amount of debt guaranteed by it. Motor Vehicles also have equity when a motor vehicle loan balance is lower than the market price of the vehicle. However, loans based on the available equity of a motor vehicle are not common and when we refer to loans based on equity we mean home equity.
Thus, in order to obtain loans for purchasing motor vehicles based on equity, you’ll need to be a home owner. This limits these loan niche a bit, but yet, those who qualify, can get real great terms on their loans and finance the purchase of their motor vehicles at a really low cost compared to unsecured motor vehicle loans and even to secured motor vehicle loans.
Benefits Of Loans Based On Equity
Loans based on equity carry many benefits compared to loans that are not secured. For starters, getting approved for a loan based on equity is a lot easier. There are fewer credit and income requirements for qualifying and you can also get significantly more advantageous terms on your motor vehicle loan this way.
The interest rates charged for loans based on equity are as low as half the rate of unsecured loan or even more. The repayment programs of these loans are significantly more flexible and you can extend them in order to obtain lower monthly payments so as to fit your budget. And last, but not least, these loans provide higher loan amounts which can let you purchase more expensive motor vehicles without having to resort to leasing contracts or other financial products that in the long run end up being more onerous.
The Cheap Financing Solution
Motor Vehicle Loans based on equity are the perfect solution that combines inexpensive financing with higher loan amounts, both characteristics that come very handy when you want to purchase a motor vehicle. In order to find a lender you can search for motor vehicle loans or home equity loans as not all motor vehicle lenders deal with loans secured with home equity. However, with home equity loans the money can be used for whatever purpose, including motor vehicle purchases.
---
Kate Ross is a professional consultant at Speedybadcreditloans.com.
You can click here to read more useful articles on this and other financial issues.
Article Source: http://EzineArticles.com/?expert=Kate_Ross
http://EzineArticles.com/?Inexpensive-Motor-Vehicle-Loans-Based-On-Equity&id=482882
Friday, July 20, 2007
Vehicle Finance Loans
Hurdle Free Low Cost Finance Ensured On Availing Council Tenant Loan
By Peter Taylor
When a tenant lives in a certain place for considerable duration, he may like to buy that place or home and therefore he is called a council tenant. The tenant also has some rights on repairing or renovating their place of living. Council tenants therefore require funds to maintain the place or home they live in. With their limited income sources, there is no option other then to go for council tenant loan. However council tenant loan providers do not restrict tenants in utilizing loan for different purposes like debt consolidation, enjoying holiday trip, buying a vehicle etc.
Usually tenants do not own property so they can not take a secured loan. Therefore one can say that council tenant loan is normally unsecured loan. Lenders however need to secure the loan in the form of credibility of the tenant. This is done on going through credit history, income source, employment and financial position of the tenant. To take council tenant loan documents of income, employment and others demanded by the lender should be produced.
If the tenant has good credit history, council tenant loan is available to him at easier terms-conditions. He is likely to get higher loan amount at lower interest rate because of his good credentials, though unsecured loans do not come at lower interest rate.
In case tenant has bad credit, council tenant loan is equally available to him. The terms-conditions however may be a bit harder. Because of adverse creditability and history of repeated payment defaults, lenders offer the loan at higher interest rate to cover risk. Bad credit happens to tenants due to payment defaults on their part and County Court Judgments against them.
Council tenant loan is offered for a shorter period which is normally sufficient for paying off smaller loan that tenants normally require. The loan is approved fast as there is no need for lenders to waste time in evaluating collateral. Tenants are also free of any anxiety over loosing property. As far as higher interest rate is concerned, it can be taken care of by comparing different loan packages. Because of increasing competition in the loan market, lenders are willing to reduce interest rate fro deserving candidate.
To avail the loan at low cost, apply online for the loan. Council tenants get number of loan offers in response to the application and can compare for lower interest rate. Online lenders charge no fee on providing relevant information or on processing application.
Council tenant loan enables tenants in availing required finance at comparatively lower interest rate and low cost. The loan may help in improving credit score of tenants if paid back in time
Peter Taylor is a senior financial analyst at FastCashLoanTenant with an acumen for finance and insurance. In recent years he has taken up to provide independant financial advice through his informative articles. His articles are widely read because of the lucid manner of wriiting and thoroughly researched datas. To find Unsecured tenant Loan, Council tenant loan, Fast cash loan tenant UK, Bad credit tenant loan that best suits your need visit http://www.fastcashloantenant.co.uk
Article Source: http://EzineArticles.com/?expert=Peter_Taylor
http://EzineArticles.com/?Hurdle-Free-Low-Cost-Finance-Ensured-On-Availing-Council-Tenant-Loan&id=285428
By Peter Taylor
When a tenant lives in a certain place for considerable duration, he may like to buy that place or home and therefore he is called a council tenant. The tenant also has some rights on repairing or renovating their place of living. Council tenants therefore require funds to maintain the place or home they live in. With their limited income sources, there is no option other then to go for council tenant loan. However council tenant loan providers do not restrict tenants in utilizing loan for different purposes like debt consolidation, enjoying holiday trip, buying a vehicle etc.
Usually tenants do not own property so they can not take a secured loan. Therefore one can say that council tenant loan is normally unsecured loan. Lenders however need to secure the loan in the form of credibility of the tenant. This is done on going through credit history, income source, employment and financial position of the tenant. To take council tenant loan documents of income, employment and others demanded by the lender should be produced.
If the tenant has good credit history, council tenant loan is available to him at easier terms-conditions. He is likely to get higher loan amount at lower interest rate because of his good credentials, though unsecured loans do not come at lower interest rate.
In case tenant has bad credit, council tenant loan is equally available to him. The terms-conditions however may be a bit harder. Because of adverse creditability and history of repeated payment defaults, lenders offer the loan at higher interest rate to cover risk. Bad credit happens to tenants due to payment defaults on their part and County Court Judgments against them.
Council tenant loan is offered for a shorter period which is normally sufficient for paying off smaller loan that tenants normally require. The loan is approved fast as there is no need for lenders to waste time in evaluating collateral. Tenants are also free of any anxiety over loosing property. As far as higher interest rate is concerned, it can be taken care of by comparing different loan packages. Because of increasing competition in the loan market, lenders are willing to reduce interest rate fro deserving candidate.
To avail the loan at low cost, apply online for the loan. Council tenants get number of loan offers in response to the application and can compare for lower interest rate. Online lenders charge no fee on providing relevant information or on processing application.
Council tenant loan enables tenants in availing required finance at comparatively lower interest rate and low cost. The loan may help in improving credit score of tenants if paid back in time
Peter Taylor is a senior financial analyst at FastCashLoanTenant with an acumen for finance and insurance. In recent years he has taken up to provide independant financial advice through his informative articles. His articles are widely read because of the lucid manner of wriiting and thoroughly researched datas. To find Unsecured tenant Loan, Council tenant loan, Fast cash loan tenant UK, Bad credit tenant loan that best suits your need visit http://www.fastcashloantenant.co.uk
Article Source: http://EzineArticles.com/?expert=Peter_Taylor
http://EzineArticles.com/?Hurdle-Free-Low-Cost-Finance-Ensured-On-Availing-Council-Tenant-Loan&id=285428
Monday, July 16, 2007
Vehicle Finance Loans
The Makings Of A Safe Car
By David Maillie
Over the years, the minimization of vehicular related accidents
has been gaining ground. In fact, different sectors of society
have contributed to ensure that motorists should be protected
from unnecessary road mishaps. The government, car
manufacturers, and even motorists and passengers themselves
have been conscientious about this, making plans and creating
devices in order to decrease the possibility of road hazards.
There have been countless pieces of legislation enacted by the
government in order to ensure the reduction of vehicular
accidents. The government has enacted a law about the use of
seatbelts. There is also a prescribed speed limit for vehicles.
Even the use of alcoholic beverages has been banned if a person
has been designated to drive a vehicle. Car manufacturers, on
the other hand, have devised various ingenious mechanisms to
reduce the impact of collision and accidents. Brakes, tires,
air bags, safety belts, seat belts are among the many things
added into a car to ensure the safety of its users and
passengers. These and many others are cautious steps and
devices designed in order to curb road and vehicular accidents.
However, safety is not only limited to external factors and
other people’s acts. It also requires a personal undertaking on
the part of the car owner to ensure car safety. A car owner can
maintain a good and safe vehicle by regularly making safety
inspections on its various parts. Checking the brakes, ensuring
that the seatbelts are still intact, recharging or changing the
batteries are ways that could prevent car collisions or other
similar accidents.
One of the more important parts of the car to consider are the
headlights. Good headlights are considered a vital safety
feature for driving at night and even in places where there are
poor lighting conditions. Headlights provide a better view of
the road and its adjacent sites. A good headlight, therefore,
gives the motorist an advantage to foresee any possible road
distractions that lies ahead.
The AAA Foundation for Traffic Safety mentions that an average
of 9 out of 10 cars has seedy or cloudy headlights. With seedy
or cloudy headlights, night vision is reduced to a drastic
percentage up to 90 percent, according to Road and Travel
Magazine. Having cars with cloudy headlight affects the car’s
ability to clearly see the road. This, in turn, is responsible
for poor vision, which could result in a vehicular accident. An
effective way to tackle this problem is through using a quality
headlight cleaner / restorer.
It has been reported that many road accidents result from
inadvertence. People fail to strap their seatbelts while
driving cars. This results to almost 50 deaths due to road
crashes every year. Even the simple acts of checking the tires
and brakes have been constantly ignored that have caused
pointless accidents. These things and many others could have
been averted had the car owners been more responsible in
checking and ensuring car maintenance.
Car safety does not end in finding the perfect or safest car.
Purchasing a safer vehicle is merely the start of being a
responsible car owner. The key to having a safe vehicle is the
act of treating and ensuring that the entire vehicle is a safe
machine. The act requires a mentality of viewing the different
features as an entire team working together to prevent
collision and to protect its occupants. By knowing each part’s
characteristic and mechanism, there is a more proactive
approach to the prevention of vehicular mishaps. It only takes
a positive disposition, an informed choice, and regular
maintenance.
About the Author: David Maillie is a chemist with over 12 years
experience in biochemical research and clynical analysis. He is
an alumni of Cornell University and specializes in biochemical
synthesis for public, private, and governmental interests. He
holds numerous patents including his recently awarded patent
for headlight cleaner and restorer. He can be reached at M.D.
Wholesale: http://www.mdwholesale.com.
Source: http://www.isnare.com
By David Maillie
Over the years, the minimization of vehicular related accidents
has been gaining ground. In fact, different sectors of society
have contributed to ensure that motorists should be protected
from unnecessary road mishaps. The government, car
manufacturers, and even motorists and passengers themselves
have been conscientious about this, making plans and creating
devices in order to decrease the possibility of road hazards.
There have been countless pieces of legislation enacted by the
government in order to ensure the reduction of vehicular
accidents. The government has enacted a law about the use of
seatbelts. There is also a prescribed speed limit for vehicles.
Even the use of alcoholic beverages has been banned if a person
has been designated to drive a vehicle. Car manufacturers, on
the other hand, have devised various ingenious mechanisms to
reduce the impact of collision and accidents. Brakes, tires,
air bags, safety belts, seat belts are among the many things
added into a car to ensure the safety of its users and
passengers. These and many others are cautious steps and
devices designed in order to curb road and vehicular accidents.
However, safety is not only limited to external factors and
other people’s acts. It also requires a personal undertaking on
the part of the car owner to ensure car safety. A car owner can
maintain a good and safe vehicle by regularly making safety
inspections on its various parts. Checking the brakes, ensuring
that the seatbelts are still intact, recharging or changing the
batteries are ways that could prevent car collisions or other
similar accidents.
One of the more important parts of the car to consider are the
headlights. Good headlights are considered a vital safety
feature for driving at night and even in places where there are
poor lighting conditions. Headlights provide a better view of
the road and its adjacent sites. A good headlight, therefore,
gives the motorist an advantage to foresee any possible road
distractions that lies ahead.
The AAA Foundation for Traffic Safety mentions that an average
of 9 out of 10 cars has seedy or cloudy headlights. With seedy
or cloudy headlights, night vision is reduced to a drastic
percentage up to 90 percent, according to Road and Travel
Magazine. Having cars with cloudy headlight affects the car’s
ability to clearly see the road. This, in turn, is responsible
for poor vision, which could result in a vehicular accident. An
effective way to tackle this problem is through using a quality
headlight cleaner / restorer.
It has been reported that many road accidents result from
inadvertence. People fail to strap their seatbelts while
driving cars. This results to almost 50 deaths due to road
crashes every year. Even the simple acts of checking the tires
and brakes have been constantly ignored that have caused
pointless accidents. These things and many others could have
been averted had the car owners been more responsible in
checking and ensuring car maintenance.
Car safety does not end in finding the perfect or safest car.
Purchasing a safer vehicle is merely the start of being a
responsible car owner. The key to having a safe vehicle is the
act of treating and ensuring that the entire vehicle is a safe
machine. The act requires a mentality of viewing the different
features as an entire team working together to prevent
collision and to protect its occupants. By knowing each part’s
characteristic and mechanism, there is a more proactive
approach to the prevention of vehicular mishaps. It only takes
a positive disposition, an informed choice, and regular
maintenance.
About the Author: David Maillie is a chemist with over 12 years
experience in biochemical research and clynical analysis. He is
an alumni of Cornell University and specializes in biochemical
synthesis for public, private, and governmental interests. He
holds numerous patents including his recently awarded patent
for headlight cleaner and restorer. He can be reached at M.D.
Wholesale: http://www.mdwholesale.com.
Source: http://www.isnare.com
Sunday, July 15, 2007
Vehicle Finance Loans
Vehicle Loans - Save Money On Your Next Loan
By Carrie Reeder
Everyone likes to save money. Auto loans can carry significant
financial burdens for many people. One way to save money is to
lower the financial burden these loans carry. The best way to
save money on your next auto loan is to improve your credit
score. A higher credit score means a lower auto loan interest
rate. There are four basic tips for raising your credit score.
Regularly check report The first thing each and every
individual should do before applying for an auto loan is get
their own credit report. Checking credit reports for accuracy
should occur once a year. If there are any mistakes that
negatively affect your credit, corrections can take up to three
months to fix. Staying on top of these mistakes will save you
headache in the long run.
Reduce credit card balances An important factor in your FICO
credit score is the ratio of owed amount to credit limit. If
you have over 25% of your credit limit owed, this could lower
your credit score. Try to limit the use of credit cards if this
is your problem. Pay bills timelyPaying bills on time is one
aspect of good credit in which most people are aware. Be sure
you make timely payments on bills especially close to the time
you apply for a loan. A late payment six years in the past will
not affect you credit as heavily as a late payment in the
present.
Pay off debt Many credit cards offer appealing balance transfer
rates. Do not fall victim to these rates around loan time. If
you cancel a credit card and transfer it's balance over to
another credit card, you are increasing the debt to credit
limit ratio. As stated earlier, this is not a good thing.
Instead of transferring debt, work on paying off that debt
before applying for an auto loan.
There are many reasons why improving your credit score is so
important. Saving money on auto loans is just one of the many
benefits of having great credit. Improving your credit not only
improves the health of your current financial situation, but
sets you up for future financial success.
About the Author: View our recommended lenders for Car Finance
Loans http://www.abcloanguide.com/autoloans.shtml.
Source: http://www.isnare.com
By Carrie Reeder
Everyone likes to save money. Auto loans can carry significant
financial burdens for many people. One way to save money is to
lower the financial burden these loans carry. The best way to
save money on your next auto loan is to improve your credit
score. A higher credit score means a lower auto loan interest
rate. There are four basic tips for raising your credit score.
Regularly check report The first thing each and every
individual should do before applying for an auto loan is get
their own credit report. Checking credit reports for accuracy
should occur once a year. If there are any mistakes that
negatively affect your credit, corrections can take up to three
months to fix. Staying on top of these mistakes will save you
headache in the long run.
Reduce credit card balances An important factor in your FICO
credit score is the ratio of owed amount to credit limit. If
you have over 25% of your credit limit owed, this could lower
your credit score. Try to limit the use of credit cards if this
is your problem. Pay bills timelyPaying bills on time is one
aspect of good credit in which most people are aware. Be sure
you make timely payments on bills especially close to the time
you apply for a loan. A late payment six years in the past will
not affect you credit as heavily as a late payment in the
present.
Pay off debt Many credit cards offer appealing balance transfer
rates. Do not fall victim to these rates around loan time. If
you cancel a credit card and transfer it's balance over to
another credit card, you are increasing the debt to credit
limit ratio. As stated earlier, this is not a good thing.
Instead of transferring debt, work on paying off that debt
before applying for an auto loan.
There are many reasons why improving your credit score is so
important. Saving money on auto loans is just one of the many
benefits of having great credit. Improving your credit not only
improves the health of your current financial situation, but
sets you up for future financial success.
About the Author: View our recommended lenders for Car Finance
Loans http://www.abcloanguide.com/autoloans.shtml.
Source: http://www.isnare.com
Saturday, July 14, 2007
Vehicle Finance Loans
Why Refinance Your Vehicle Loan?
By [http://ezinearticles.com/?expert=Carrie_Reeder]Carrie Reeder
Many people never consider refinancing their auto loan. However, if you have a high interest rate, and have been paying on the auto loan for at least a year, refinancing may be a good option. Individuals who received a high interest rate on their automobile likely had bad credit at the time of purchase. Credit rating plays a huge role in deciding the interest rate given. Those who are successful in improving their credit may take advantage of the savings that accompany a refinance.
Switch to a Lower Interest Rate
The primary reason car buyers choose to refinance their automobile loan is to obtain a lower interest rate. A lower interest rate equals lower monthly payments. Credit applicants with good credit easily qualify for advertised low interest rates.
Good credit consists of paying bills on time and maintaining a good payment history with creditors. If your most recent car purchase came with a high interest rate, do your best to improve your credit over the next 6 months to one year. Avoid missed and late payments, and reduce your debt.
Refinance with Your Current Lender
When shopping for a lender to refinance your automobile loan, contact your current automobile lender. In most cases, lenders are eager to negotiate better rates with current customers. If you have a good payment history, and your credit score shows noticeable improvement, you may be able to obtain an interest rate reduction. The benefit of securing a refinance though your current lender is that prepayment penalty fees and title transfer fees may be waived.
Apply for Loans with Online Auto Brokers
If your current auto lender is unwilling to refinance your loan, shop around for another lender. Applying for a loan with several lenders is your best alternative. Complete an online quote request through an auto loan broker. Brokers have relationships with several lenders who grant loans to individuals with all types of credit.
Upon submitting your request, you will receive multiple offers from various lenders. Carefully compare rates, fees, and services. Choose the auto lender with the best rate and submit an official application.
Here are our [http://www.abcloanguide.com/autoloans.shtml]
Recommended Auto Finance Companies Online.
Carrie Reeder is the owner of [http://www.abcloanguide.com/]ABC Loan
Guide, an informational website about various types of loans.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder http://EzineArticles.com/?Why-Refinance-Your-Vehicle-Loan?&id=100336
By [http://ezinearticles.com/?expert=Carrie_Reeder]Carrie Reeder
Many people never consider refinancing their auto loan. However, if you have a high interest rate, and have been paying on the auto loan for at least a year, refinancing may be a good option. Individuals who received a high interest rate on their automobile likely had bad credit at the time of purchase. Credit rating plays a huge role in deciding the interest rate given. Those who are successful in improving their credit may take advantage of the savings that accompany a refinance.
Switch to a Lower Interest Rate
The primary reason car buyers choose to refinance their automobile loan is to obtain a lower interest rate. A lower interest rate equals lower monthly payments. Credit applicants with good credit easily qualify for advertised low interest rates.
Good credit consists of paying bills on time and maintaining a good payment history with creditors. If your most recent car purchase came with a high interest rate, do your best to improve your credit over the next 6 months to one year. Avoid missed and late payments, and reduce your debt.
Refinance with Your Current Lender
When shopping for a lender to refinance your automobile loan, contact your current automobile lender. In most cases, lenders are eager to negotiate better rates with current customers. If you have a good payment history, and your credit score shows noticeable improvement, you may be able to obtain an interest rate reduction. The benefit of securing a refinance though your current lender is that prepayment penalty fees and title transfer fees may be waived.
Apply for Loans with Online Auto Brokers
If your current auto lender is unwilling to refinance your loan, shop around for another lender. Applying for a loan with several lenders is your best alternative. Complete an online quote request through an auto loan broker. Brokers have relationships with several lenders who grant loans to individuals with all types of credit.
Upon submitting your request, you will receive multiple offers from various lenders. Carefully compare rates, fees, and services. Choose the auto lender with the best rate and submit an official application.
Here are our [http://www.abcloanguide.com/autoloans.shtml]
Recommended Auto Finance Companies Online.
Carrie Reeder is the owner of [http://www.abcloanguide.com/]ABC Loan
Guide, an informational website about various types of loans.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder http://EzineArticles.com/?Why-Refinance-Your-Vehicle-Loan?&id=100336
Friday, July 13, 2007
Vehicle Finance Loans
New Car Loans
By [http://ezinearticles.com/?expert=Eddie_Tobey]Eddie Tobey
Once you find your dream car, you will have to figure out how you can afford it. There are many financing options available, of which the new car loan is the most feasible.
When applying for a new car loan, the first thing to consider is your financial situation. Determine how much you can afford to pay each month, as car financing is a long-term proposition. Most of the new car loans run for five years, so you should be able to meet this financial obligation for five years.
Before actually settling on a new car loan, it is advisable to shop around and compare prices of the various loan companies. The dealer’s rate is not always the best rate. Get quotes from finance companies and banks, and then choose the company offering the best rate and terms for your new car loan. The dealer may add unnecessary things to your loan amount, like tow packages and undercoating. You should decline all this, as it just adds to the price of the car, and serves no other significant purpose. When getting a new car loan, it is better to pay as much of a down payment as possible, as this lowers the amount to be financed. This in turn lowers your monthly payments.
There are some advantages to new car loans, like lemon law coverage, factory support, and full warranties. There is also a possibility of receiving lower financing rates with new car loans. However, as new cars cost more, there is limited room for price negotiation, which leads to a larger loan amount. Taking out new car loans also makes you take the hit for depreciation. [http://www.carloans-web.com]Car Loans provides detailed information on Car Loans, Car Loan Calculators, Bad Credit Car Loans, Used Car Loans and more. Car Loans is affiliated with [http://www.z-AutoLoans.com]New Auto Loans.
Article Source: http://EzineArticles.com/?expert=Eddie_Tobey http://EzineArticles.com/?New-Car-Loans&id=230594
By [http://ezinearticles.com/?expert=Eddie_Tobey]Eddie Tobey
Once you find your dream car, you will have to figure out how you can afford it. There are many financing options available, of which the new car loan is the most feasible.
When applying for a new car loan, the first thing to consider is your financial situation. Determine how much you can afford to pay each month, as car financing is a long-term proposition. Most of the new car loans run for five years, so you should be able to meet this financial obligation for five years.
Before actually settling on a new car loan, it is advisable to shop around and compare prices of the various loan companies. The dealer’s rate is not always the best rate. Get quotes from finance companies and banks, and then choose the company offering the best rate and terms for your new car loan. The dealer may add unnecessary things to your loan amount, like tow packages and undercoating. You should decline all this, as it just adds to the price of the car, and serves no other significant purpose. When getting a new car loan, it is better to pay as much of a down payment as possible, as this lowers the amount to be financed. This in turn lowers your monthly payments.
There are some advantages to new car loans, like lemon law coverage, factory support, and full warranties. There is also a possibility of receiving lower financing rates with new car loans. However, as new cars cost more, there is limited room for price negotiation, which leads to a larger loan amount. Taking out new car loans also makes you take the hit for depreciation. [http://www.carloans-web.com]Car Loans provides detailed information on Car Loans, Car Loan Calculators, Bad Credit Car Loans, Used Car Loans and more. Car Loans is affiliated with [http://www.z-AutoLoans.com]New Auto Loans.
Article Source: http://EzineArticles.com/?expert=Eddie_Tobey http://EzineArticles.com/?New-Car-Loans&id=230594
Monday, July 9, 2007
Vehicle Finance Loans
Vehicle Loans - Save Money On Your Next Loan
By Carrie Reeder
Everyone likes to save money. Auto loans can carry significant
financial burdens for many people. One way to save money is to
lower the financial burden these loans carry. The best way to
save money on your next auto loan is to improve your credit
score. A higher credit score means a lower auto loan interest
rate. There are four basic tips for raising your credit score.
Regularly check report The first thing each and every
individual should do before applying for an auto loan is get
their own credit report. Checking credit reports for accuracy
should occur once a year. If there are any mistakes that
negatively affect your credit, corrections can take up to three
months to fix. Staying on top of these mistakes will save you
headache in the long run.
Reduce credit card balances An important factor in your FICO
credit score is the ratio of owed amount to credit limit. If
you have over 25% of your credit limit owed, this could lower
your credit score. Try to limit the use of credit cards if this
is your problem. Pay bills timelyPaying bills on time is one
aspect of good credit in which most people are aware. Be sure
you make timely payments on bills especially close to the time
you apply for a loan. A late payment six years in the past will
not affect you credit as heavily as a late payment in the
present.
Pay off debt Many credit cards offer appealing balance transfer
rates. Do not fall victim to these rates around loan time. If
you cancel a credit card and transfer it's balance over to
another credit card, you are increasing the debt to credit
limit ratio. As stated earlier, this is not a good thing.
Instead of transferring debt, work on paying off that debt
before applying for an auto loan.
There are many reasons why improving your credit score is so
important. Saving money on auto loans is just one of the many
benefits of having great credit. Improving your credit not only
improves the health of your current financial situation, but
sets you up for future financial success.
About the Author: View our recommended lenders for Car Finance
Loans http://www.abcloanguide.com/autoloans.shtml.
Source: http://www.isnare.com
By Carrie Reeder
Everyone likes to save money. Auto loans can carry significant
financial burdens for many people. One way to save money is to
lower the financial burden these loans carry. The best way to
save money on your next auto loan is to improve your credit
score. A higher credit score means a lower auto loan interest
rate. There are four basic tips for raising your credit score.
Regularly check report The first thing each and every
individual should do before applying for an auto loan is get
their own credit report. Checking credit reports for accuracy
should occur once a year. If there are any mistakes that
negatively affect your credit, corrections can take up to three
months to fix. Staying on top of these mistakes will save you
headache in the long run.
Reduce credit card balances An important factor in your FICO
credit score is the ratio of owed amount to credit limit. If
you have over 25% of your credit limit owed, this could lower
your credit score. Try to limit the use of credit cards if this
is your problem. Pay bills timelyPaying bills on time is one
aspect of good credit in which most people are aware. Be sure
you make timely payments on bills especially close to the time
you apply for a loan. A late payment six years in the past will
not affect you credit as heavily as a late payment in the
present.
Pay off debt Many credit cards offer appealing balance transfer
rates. Do not fall victim to these rates around loan time. If
you cancel a credit card and transfer it's balance over to
another credit card, you are increasing the debt to credit
limit ratio. As stated earlier, this is not a good thing.
Instead of transferring debt, work on paying off that debt
before applying for an auto loan.
There are many reasons why improving your credit score is so
important. Saving money on auto loans is just one of the many
benefits of having great credit. Improving your credit not only
improves the health of your current financial situation, but
sets you up for future financial success.
About the Author: View our recommended lenders for Car Finance
Loans http://www.abcloanguide.com/autoloans.shtml.
Source: http://www.isnare.com
Friday, July 6, 2007
Vehicle Finance Loans
Vehicle Loans - Save Money On Your Next Loan
By [http://ezinearticles.com/?expert=Carrie_Reeder]Carrie Reeder
Everyone likes to save money. Auto loans can carry significant financial burdens for many people. One way to save money is to lower the financial burden these loans carry. The best way to save money on your next auto loan is to improve your credit score. A higher credit score means a lower auto loan interest rate. There are four basic tips for raising your credit score.
Regularly check report
The first thing each and every individual should do before applying for an auto loan is get their own credit report. Checking credit reports for accuracy should occur once a year. If there are any mistakes that negatively affect your credit, corrections can take up to three months to fix. Staying on top of these mistakes will save you headache in the long run.
Reduce credit card balances
An important factor in your FICO credit score is the ratio of owed amount to credit limit. If you have over 25% of your credit limit owed, this could lower your credit score. Try to limit the use of credit cards if this is your problem.
Pay bills timely
Paying bills on time is one aspect of good credit in which most people are aware. Be sure you make timely payments on bills especially close to the time you apply for a loan. A late payment six years in the past will not affect you credit as heavily as a late payment in the present.
Pay off debt
Many credit cards offer appealing balance transfer rates. Do not fall victim to these rates around loan time. If you cancel a credit card and transfer it's balance over to another credit card, you are increasing the debt to credit limit ratio. As stated earlier, this is not a good thing. Instead of transferring debt, work on paying off that debt before applying for an auto loan.
There are many reasons why improving your credit score is so important. Saving money on auto loans is just one of the many benefits of having great credit. Improving your credit not only improves the health of your current financial situation, but sets you up for future financial success.
To view our recommended vehicle loan companies, visit this page: [http://www.abcloanguide.com/autoloans.shtml]Recommended Vehicle
Finance Companies Online.
Carrie Reeder is the owner of [http://www.abcloanguide.com]ABC Loan Guide, an informational website about various types of loans.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder http://EzineArticles.com/?Vehicle-Loans---Save-Money-On-Your-Next-Loan&id=87032
By [http://ezinearticles.com/?expert=Carrie_Reeder]Carrie Reeder
Everyone likes to save money. Auto loans can carry significant financial burdens for many people. One way to save money is to lower the financial burden these loans carry. The best way to save money on your next auto loan is to improve your credit score. A higher credit score means a lower auto loan interest rate. There are four basic tips for raising your credit score.
Regularly check report
The first thing each and every individual should do before applying for an auto loan is get their own credit report. Checking credit reports for accuracy should occur once a year. If there are any mistakes that negatively affect your credit, corrections can take up to three months to fix. Staying on top of these mistakes will save you headache in the long run.
Reduce credit card balances
An important factor in your FICO credit score is the ratio of owed amount to credit limit. If you have over 25% of your credit limit owed, this could lower your credit score. Try to limit the use of credit cards if this is your problem.
Pay bills timely
Paying bills on time is one aspect of good credit in which most people are aware. Be sure you make timely payments on bills especially close to the time you apply for a loan. A late payment six years in the past will not affect you credit as heavily as a late payment in the present.
Pay off debt
Many credit cards offer appealing balance transfer rates. Do not fall victim to these rates around loan time. If you cancel a credit card and transfer it's balance over to another credit card, you are increasing the debt to credit limit ratio. As stated earlier, this is not a good thing. Instead of transferring debt, work on paying off that debt before applying for an auto loan.
There are many reasons why improving your credit score is so important. Saving money on auto loans is just one of the many benefits of having great credit. Improving your credit not only improves the health of your current financial situation, but sets you up for future financial success.
To view our recommended vehicle loan companies, visit this page: [http://www.abcloanguide.com/autoloans.shtml]Recommended Vehicle
Finance Companies Online.
Carrie Reeder is the owner of [http://www.abcloanguide.com]ABC Loan Guide, an informational website about various types of loans.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder http://EzineArticles.com/?Vehicle-Loans---Save-Money-On-Your-Next-Loan&id=87032
Wednesday, July 4, 2007
Vehicle Finance Loans
New Vehicle Finance: Dealership or Your Own Bank?
By Carrie Reeder
There are so many options when it comes to financing a new vehicle. Should a person secure financing ahead of time, or get financed through the dealership? If a person uses their own lender, should they pick out the vehicle first and then apply for the loan, or vice versa? This article will offer suggestions on who to obtain financing through.
Obtaining Financing First
Using a lending institution beforehand to get financing approved is a smart move
for many reasons. First of all, an approved loan will let the buyer know how
much they can afford and what sort of monthly payments they can anticipate.
There is also the negotiating factor; a person waving a check around will likely
be welcomed eagerly by the dealership since the buyer is obviously serious about
purchasing a car.
Waiting To Obtain Financing
There are times, however, when the dealership can offer lower interest rates.
Special promotion financing can, in fact, be lower than that of a bank or credit
union, although not everyone qualifies for these offers. Sometimes dealers will
be able to secure a better rate than what a buyer has already been approved for
through another lender. Dealerships work with many lenders and have the ability,
on occasion, to greet a buyer back from a test drive with a lower rate. Since a
pre-approved loan agreement from a bank or credit union is not valid until a car
has been purchased, it is perfectly acceptable to not use the loan that was
secured beforehand in a situation like this.
Shop Online
Another option to consider when searching for auto loan financing is to shop for
loans online. Many websites will even allow you to compare loan terms side by
side.
To see a list of recommended lenders for a
car finance company,
or for a car loan
with bad credit and no down payment, visit ABC Loan Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?New-Vehicle-Finance:--Dealership-or-Your-Own-Bank?&id=205727
By Carrie Reeder
There are so many options when it comes to financing a new vehicle. Should a person secure financing ahead of time, or get financed through the dealership? If a person uses their own lender, should they pick out the vehicle first and then apply for the loan, or vice versa? This article will offer suggestions on who to obtain financing through.
Obtaining Financing First
Using a lending institution beforehand to get financing approved is a smart move
for many reasons. First of all, an approved loan will let the buyer know how
much they can afford and what sort of monthly payments they can anticipate.
There is also the negotiating factor; a person waving a check around will likely
be welcomed eagerly by the dealership since the buyer is obviously serious about
purchasing a car.
Waiting To Obtain Financing
There are times, however, when the dealership can offer lower interest rates.
Special promotion financing can, in fact, be lower than that of a bank or credit
union, although not everyone qualifies for these offers. Sometimes dealers will
be able to secure a better rate than what a buyer has already been approved for
through another lender. Dealerships work with many lenders and have the ability,
on occasion, to greet a buyer back from a test drive with a lower rate. Since a
pre-approved loan agreement from a bank or credit union is not valid until a car
has been purchased, it is perfectly acceptable to not use the loan that was
secured beforehand in a situation like this.
Shop Online
Another option to consider when searching for auto loan financing is to shop for
loans online. Many websites will even allow you to compare loan terms side by
side.
To see a list of recommended lenders for a
car finance company,
or for a car loan
with bad credit and no down payment, visit ABC Loan Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?New-Vehicle-Finance:--Dealership-or-Your-Own-Bank?&id=205727
Tuesday, July 3, 2007
Vehicle Finance Loans
A Vehicle Repossession That Backfired
By [http://ezinearticles.com/?expert=Regis_Sauger] Regis Sauger
Real Life Stories -Could Be You
Note: All of these stories are true. Some have fictitious names due to the desire of the individuals.
Auto Repossession: Elizabeth Lountz and her husband John Lountz are in their early sixties. They are through raising their family and decided after many years of being relegated to renting, that they wanted a little home of their own. Elizabeth works at one of the local hospitals and William works for one of the local car dealers as a detail man.
Neither have a college education, much less a high school education. Their meager savings (about $6,500) equated to a ten percent (10%) down payment on the home of their choice in their neighborhood. Doesn’t seem like anyone can purchase a home for under $75,000 but they found one. Well, when they applied for a mortgage, they thought that their credit was decent. After all, these poor folks paid most of their bills by going to the post office and buying postal money orders.
Being basically poor, the only thing that they ever financed was a few pieces of furniture and some used cars during their lifetime. They never had the luxury of buying a brand new car so they always went to the used car lots and listened to the false promises of you know who. Well it seems that Lizzie (nickname) bought a used Nissan from Ugly Rabbit Used Car Sales
They were kind enough to sell her a $1,000 car for $2,000 plus interest (about 36%). After a down payment of $250 and making monthly payments for over eighteen months, Lizzie got sick at work and had to take some time off. Naturally they couldn’t make the car payments so William and Lizzie drove on down to Ugly Rabbit and told the manager about their problems.
The manager was salivating because William had the car in better shape than when they bought it almost eighteen months previous. Lizzie was distraught because she couldn’t keep up with the payments. The manager told her not to worry about anything. They probably will sell the car and she wouldn’t have to make her last six months payments.
Lo and behold, we pulled up their credit report in the process of getting them approved for a mortgage. Yep, there in black and white was an entry. “Ugly Rabbit Auto Finance” for the family indicating a “voluntary repossession”. Mind you the word repossession means repossession. Whether or not it’s involuntary or voluntary, the credit experts don’t give a hoot. The simple fact that you have a, repossession is a no-no in credit.
When we read that, I immediately called Lizzie and asked her if she had received any correspondence from the dealer or finance company informing her of the date, place and time of sale. She was emphatic. She received nothing. Here is where knowledge steps in.
I was casually reading the Attorney General’s website for the state of Florida one night. I was curious about repossessions. Wow, what, an education. I found a test case in Tallahassee, FL regarding Barnett Bank versus Johnson. I believe it was the 6th Circuit Ct. The bank was suing Johnson for a deficiency judgment regarding repossession of his pickup truck
Failure to Notify
The bank failed to notify Mr. Johnson of the date, time and place of sale. Furthermore, the sale was conducted at a dealer only auction. Without notifying Mr. Johnson of any of the above, the Judge ruled that because Mr. Johnson was deprived of the right to redeem his truck and therefore lost any vested interest, the amount of what the bank received constituted full payment and the bank waived it’s right for a deficiency judgment.
Secondly, when the truck was sold at a dealer only auction, the public was deprived of the right to bid; therefore the amount received did not constitute fair marker value. The truck was sold in what was described as a commercially unreasonable sale.
When I realized the impact of this test case, it became apparent that the Lountz family was a victim of the same circumstances. Now remember the Fair Credit Reporting Act and the Fair Debt Collection Act. The dealer could not furnish the Lountz family with 100% of the information regarding their account.
Hell, he couldn’t furnish proof of sending them mailings telling them where the car was going to be sold. He knew he was selling it to his buddy down the street. There was no auction sale. The dealer clearly circumvented the law. So when they wrote the dispute letter to the credit reporting agencies and requested all of the information regarding the transaction, no one could supply a thing.
The result was that Elizabeth called me excited one night. She said “Mr. Regis, I have a letter from the credit reporting agency. They denied us.” I said “Elizabeth spell me denied”. The answer was spelled deleted. I said, Elizabeth, your repossession was deleted from your credit report. End of this story. They got their mortgage and send me a card every Christmas.
After helping about twenty-five people in the Orlando area, I see a strange thing happening. Now the local newspapers are heavily advertising bank and finance company repossession sales. PUBLIC INVITED, NO DEALERS. Amazing what one man’s quest becomes another man’s means of survival.
I have many stories about repossessions. The simple fact is, the dealers (mostly used car dealers) know the law or are totally ignorant. They think that these poor unfortunates fell off of the last fruit truck to leave town.
They have no place to turn to so they just go on about life and continue to be prey to high interest rates and unscrupulous lenders. I hope that the knowledge that I gained can help other poor, unfortunate souls. I can write stories upon stories about repossessions but still have other areas to cover.
Regis Sauger
[http://www.yurcredit.com/] www.yurcredit.com
Regis Sauger is a licensed Mortgage Broker in Florida, an author, lecturer on credit awareness. He have conducted seminars for underwriters, attorneys, mortgage lenders, realtors and the general public.
Article Source: [http://ezinearticles.com/?expert=Regis_Sauger ] http://EzineArticles.com/?expert=Regis_Sauger
[http://ezinearticles.com/?A-Vehicle-Repossession-That-Backfired&id=568784 ] http://EzineArticles.com/?A-Vehicle-Repossession-That-Backfired&id=568784
By [http://ezinearticles.com/?expert=Regis_Sauger] Regis Sauger
Real Life Stories -Could Be You
Note: All of these stories are true. Some have fictitious names due to the desire of the individuals.
Auto Repossession: Elizabeth Lountz and her husband John Lountz are in their early sixties. They are through raising their family and decided after many years of being relegated to renting, that they wanted a little home of their own. Elizabeth works at one of the local hospitals and William works for one of the local car dealers as a detail man.
Neither have a college education, much less a high school education. Their meager savings (about $6,500) equated to a ten percent (10%) down payment on the home of their choice in their neighborhood. Doesn’t seem like anyone can purchase a home for under $75,000 but they found one. Well, when they applied for a mortgage, they thought that their credit was decent. After all, these poor folks paid most of their bills by going to the post office and buying postal money orders.
Being basically poor, the only thing that they ever financed was a few pieces of furniture and some used cars during their lifetime. They never had the luxury of buying a brand new car so they always went to the used car lots and listened to the false promises of you know who. Well it seems that Lizzie (nickname) bought a used Nissan from Ugly Rabbit Used Car Sales
They were kind enough to sell her a $1,000 car for $2,000 plus interest (about 36%). After a down payment of $250 and making monthly payments for over eighteen months, Lizzie got sick at work and had to take some time off. Naturally they couldn’t make the car payments so William and Lizzie drove on down to Ugly Rabbit and told the manager about their problems.
The manager was salivating because William had the car in better shape than when they bought it almost eighteen months previous. Lizzie was distraught because she couldn’t keep up with the payments. The manager told her not to worry about anything. They probably will sell the car and she wouldn’t have to make her last six months payments.
Lo and behold, we pulled up their credit report in the process of getting them approved for a mortgage. Yep, there in black and white was an entry. “Ugly Rabbit Auto Finance” for the family indicating a “voluntary repossession”. Mind you the word repossession means repossession. Whether or not it’s involuntary or voluntary, the credit experts don’t give a hoot. The simple fact that you have a, repossession is a no-no in credit.
When we read that, I immediately called Lizzie and asked her if she had received any correspondence from the dealer or finance company informing her of the date, place and time of sale. She was emphatic. She received nothing. Here is where knowledge steps in.
I was casually reading the Attorney General’s website for the state of Florida one night. I was curious about repossessions. Wow, what, an education. I found a test case in Tallahassee, FL regarding Barnett Bank versus Johnson. I believe it was the 6th Circuit Ct. The bank was suing Johnson for a deficiency judgment regarding repossession of his pickup truck
Failure to Notify
The bank failed to notify Mr. Johnson of the date, time and place of sale. Furthermore, the sale was conducted at a dealer only auction. Without notifying Mr. Johnson of any of the above, the Judge ruled that because Mr. Johnson was deprived of the right to redeem his truck and therefore lost any vested interest, the amount of what the bank received constituted full payment and the bank waived it’s right for a deficiency judgment.
Secondly, when the truck was sold at a dealer only auction, the public was deprived of the right to bid; therefore the amount received did not constitute fair marker value. The truck was sold in what was described as a commercially unreasonable sale.
When I realized the impact of this test case, it became apparent that the Lountz family was a victim of the same circumstances. Now remember the Fair Credit Reporting Act and the Fair Debt Collection Act. The dealer could not furnish the Lountz family with 100% of the information regarding their account.
Hell, he couldn’t furnish proof of sending them mailings telling them where the car was going to be sold. He knew he was selling it to his buddy down the street. There was no auction sale. The dealer clearly circumvented the law. So when they wrote the dispute letter to the credit reporting agencies and requested all of the information regarding the transaction, no one could supply a thing.
The result was that Elizabeth called me excited one night. She said “Mr. Regis, I have a letter from the credit reporting agency. They denied us.” I said “Elizabeth spell me denied”. The answer was spelled deleted. I said, Elizabeth, your repossession was deleted from your credit report. End of this story. They got their mortgage and send me a card every Christmas.
After helping about twenty-five people in the Orlando area, I see a strange thing happening. Now the local newspapers are heavily advertising bank and finance company repossession sales. PUBLIC INVITED, NO DEALERS. Amazing what one man’s quest becomes another man’s means of survival.
I have many stories about repossessions. The simple fact is, the dealers (mostly used car dealers) know the law or are totally ignorant. They think that these poor unfortunates fell off of the last fruit truck to leave town.
They have no place to turn to so they just go on about life and continue to be prey to high interest rates and unscrupulous lenders. I hope that the knowledge that I gained can help other poor, unfortunate souls. I can write stories upon stories about repossessions but still have other areas to cover.
Regis Sauger
[http://www.yurcredit.com/] www.yurcredit.com
Regis Sauger is a licensed Mortgage Broker in Florida, an author, lecturer on credit awareness. He have conducted seminars for underwriters, attorneys, mortgage lenders, realtors and the general public.
Article Source: [http://ezinearticles.com/?expert=Regis_Sauger ] http://EzineArticles.com/?expert=Regis_Sauger
[http://ezinearticles.com/?A-Vehicle-Repossession-That-Backfired&id=568784 ] http://EzineArticles.com/?A-Vehicle-Repossession-That-Backfired&id=568784
Monday, July 2, 2007
Vehicle Finance Loans
Loans: Your Financial Lending Options
By [http://ezinearticles.com/?expert=Joseph_Kenny] Joseph Kenny
Are you in the market for a new vehicle? Are you thinking about moving into a new home? Are you interested in returning to school? If so then it is likely that you may need to obtain a loan. There are many individuals who are interested in returning to college, buying a home, or buying a new vehicle. Unfortunately, many cannot do so without the assistance of a loan. If you are in need of a loan, it is advised that you fully examine all of your financial lending options.
Before examining your financial lending options, it is important to keep one thing in mind. Not everyone is approved for a loan that they request. If you have less than perfect credit, it is possible that you will be denied financing. However, that does not mean that you shouldn’t try to obtain it. All financial lenders have different guidelines when it comes to approving or denying a loan. This means that while you may not be approved by one lender, you may be approved by another. To increase your chances of being approved for a loan, you are encouraged to submit more than one loan application.
If your first thought is to visit your local bank, to obtain a loan, you are right. Most banks are more willing to approve a loan application if you are already a customer of their bank. In addition to applying for a loan at the bank that you currently do business with, it is advised that you also submit loan applications at other nearby banks. It is true that your chances of being approved for a loan will likely increase if you are already a customer, but that isn’t always how it works. There are many banks that offer loans to non-customers in hopes that they will become one.
In addition to applying for a loan with an established bank in your area, it is also advised that you examine online lenders. Online lenders can be found by searching for a number of national banks or lenders that only do business over the internet. It is also possible for you to obtain a loan from a website that works with a number of online lenders. These websites often advertise that banks will be competing to offer you loans. Simply by submitting one loan application, you could receive up to ten loan offers.
As previously mentioned, if you have credit that is less than perfect, you may have a difficult time trying to obtain a loan. There are many individuals, with bad credit, that have successful obtained a loan known as a payday loan or a fast cash loan. There are a number of disadvantages to obtaining this type of loan, such as high interest rates and short loan terms, but they are obtainable. Fast cash loans or payday loans can often be obtained online or from a business with a storefront location, possibly right in your own neighborhood.
With fast cash loans or payday loans, your application is often approved the same day. If you are able to hold off on having the money, you are advised to first apply for a loan online or from a local financial institution. No matter what your current financial situation is, there is a lender out there that should be able to offer you assistance.
Joseph Kenny writes for the Loans Store, offering advice on [http://www.ukpersonalloanstore.co.uk/] loans. You can also find out more info on how to [http://www.ukpersonalloanstore.co.uk/articles/decide_loan.html] decide on a loan.
Visit today: [http://www.ukpersonalloanstore.co.uk/] http://www.ukpersonalloanstore.co.uk/
Article Source: [http://ezinearticles.com/?expert=Joseph_Kenny ] http://EzineArticles.com/?expert=Joseph_Kenny
[http://ezinearticles.com/?Loans:-Your-Financial-Lending-Options&id=262405 ] http://EzineArticles.com/?Loans:-Your-Financial-Lending-Options&id=262405
By [http://ezinearticles.com/?expert=Joseph_Kenny] Joseph Kenny
Are you in the market for a new vehicle? Are you thinking about moving into a new home? Are you interested in returning to school? If so then it is likely that you may need to obtain a loan. There are many individuals who are interested in returning to college, buying a home, or buying a new vehicle. Unfortunately, many cannot do so without the assistance of a loan. If you are in need of a loan, it is advised that you fully examine all of your financial lending options.
Before examining your financial lending options, it is important to keep one thing in mind. Not everyone is approved for a loan that they request. If you have less than perfect credit, it is possible that you will be denied financing. However, that does not mean that you shouldn’t try to obtain it. All financial lenders have different guidelines when it comes to approving or denying a loan. This means that while you may not be approved by one lender, you may be approved by another. To increase your chances of being approved for a loan, you are encouraged to submit more than one loan application.
If your first thought is to visit your local bank, to obtain a loan, you are right. Most banks are more willing to approve a loan application if you are already a customer of their bank. In addition to applying for a loan at the bank that you currently do business with, it is advised that you also submit loan applications at other nearby banks. It is true that your chances of being approved for a loan will likely increase if you are already a customer, but that isn’t always how it works. There are many banks that offer loans to non-customers in hopes that they will become one.
In addition to applying for a loan with an established bank in your area, it is also advised that you examine online lenders. Online lenders can be found by searching for a number of national banks or lenders that only do business over the internet. It is also possible for you to obtain a loan from a website that works with a number of online lenders. These websites often advertise that banks will be competing to offer you loans. Simply by submitting one loan application, you could receive up to ten loan offers.
As previously mentioned, if you have credit that is less than perfect, you may have a difficult time trying to obtain a loan. There are many individuals, with bad credit, that have successful obtained a loan known as a payday loan or a fast cash loan. There are a number of disadvantages to obtaining this type of loan, such as high interest rates and short loan terms, but they are obtainable. Fast cash loans or payday loans can often be obtained online or from a business with a storefront location, possibly right in your own neighborhood.
With fast cash loans or payday loans, your application is often approved the same day. If you are able to hold off on having the money, you are advised to first apply for a loan online or from a local financial institution. No matter what your current financial situation is, there is a lender out there that should be able to offer you assistance.
Joseph Kenny writes for the Loans Store, offering advice on [http://www.ukpersonalloanstore.co.uk/] loans. You can also find out more info on how to [http://www.ukpersonalloanstore.co.uk/articles/decide_loan.html] decide on a loan.
Visit today: [http://www.ukpersonalloanstore.co.uk/] http://www.ukpersonalloanstore.co.uk/
Article Source: [http://ezinearticles.com/?expert=Joseph_Kenny ] http://EzineArticles.com/?expert=Joseph_Kenny
[http://ezinearticles.com/?Loans:-Your-Financial-Lending-Options&id=262405 ] http://EzineArticles.com/?Loans:-Your-Financial-Lending-Options&id=262405
Saturday, June 30, 2007
Vehicle Finance loans
Used Car Loans - 3 Tips For Financing Your Used Vehicle Online
By [http://ezinearticles.com/?expert=Carrie_Reeder] Carrie Reeder
Financing the purchase of a used vehicle can be done through the convenience of online car loan lenders. Through their websites you can request quotes, compare terms, and even apply online. Online car loan lenders save you time and money by making financing shopping easy. The following three tips will ensure that you find the best financing for your vehicle purchase.
1. Request Quotes
It is easy to compare rates online, but you really need to request quotes to do real comparison. You should compare car loans much like a mortgage. A difference as little as $17.00 a month can save you over $1000 on a 60 month loan. Some lenders charge fees, so watch for those. Sometimes small fees up front will save you money through lower interest payments over the course of your loan.
To find low rates consider using a car loan broker. They work with several different lenders to bring you multiple offers to choose from. You can also request quotes from individual lender websites. With either type of site, you will receive your quote instantly, enabling you to make a quick comparison.
2. Compare Terms
It is equally important to the compare terms of your car loan. The longer loan term you choose, the more you will pay in interest. However, longer loans also have smaller monthly payments. You will also want to look at fees that may be associated with early repayment or late payments.
Another factor to consider is increasing your down payment to 20% of the vehicle’s value. In some cases, this can qualify you for a lower rate.
3. Get Prequalified
To gain added leverage in you car purchase get prequalified for you car loan. By being prequalified, you get a blank check by FedEx to go shopping with. You can use it to purchase a vehicle from a dealership or individual.
In either case, you have the advantage as a cash buyer. There is no question about your credit history, so there is the incentive for the seller to close the deal. Take this advantage by negotiating a lower price.
To view our list of recommended auto finance companies online, visit this
page: [http://www.abcloanguide.com/autoloans.shtml] Recommended Car Loan
Companies Online.
Carrie Reeder is the owner of [http://www.abcloanguide.com] ABC Loan
Guide, an informational website about various types of loans.
Article Source: [http://ezinearticles.com/?expert=Carrie_Reeder ] http://EzineArticles.com/?expert=Carrie_Reeder
[http://ezinearticles.com/?Used-Car-Loans---3-Tips-For-Financing-Your-Used-Vehicle-Online&id=64966 ] http://EzineArticles.com/?Used-Car-Loans---3-Tips-For-Financing-Your-Used-Vehicle-Online&id=64966
By [http://ezinearticles.com/?expert=Carrie_Reeder] Carrie Reeder
Financing the purchase of a used vehicle can be done through the convenience of online car loan lenders. Through their websites you can request quotes, compare terms, and even apply online. Online car loan lenders save you time and money by making financing shopping easy. The following three tips will ensure that you find the best financing for your vehicle purchase.
1. Request Quotes
It is easy to compare rates online, but you really need to request quotes to do real comparison. You should compare car loans much like a mortgage. A difference as little as $17.00 a month can save you over $1000 on a 60 month loan. Some lenders charge fees, so watch for those. Sometimes small fees up front will save you money through lower interest payments over the course of your loan.
To find low rates consider using a car loan broker. They work with several different lenders to bring you multiple offers to choose from. You can also request quotes from individual lender websites. With either type of site, you will receive your quote instantly, enabling you to make a quick comparison.
2. Compare Terms
It is equally important to the compare terms of your car loan. The longer loan term you choose, the more you will pay in interest. However, longer loans also have smaller monthly payments. You will also want to look at fees that may be associated with early repayment or late payments.
Another factor to consider is increasing your down payment to 20% of the vehicle’s value. In some cases, this can qualify you for a lower rate.
3. Get Prequalified
To gain added leverage in you car purchase get prequalified for you car loan. By being prequalified, you get a blank check by FedEx to go shopping with. You can use it to purchase a vehicle from a dealership or individual.
In either case, you have the advantage as a cash buyer. There is no question about your credit history, so there is the incentive for the seller to close the deal. Take this advantage by negotiating a lower price.
To view our list of recommended auto finance companies online, visit this
page: [http://www.abcloanguide.com/autoloans.shtml] Recommended Car Loan
Companies Online.
Carrie Reeder is the owner of [http://www.abcloanguide.com] ABC Loan
Guide, an informational website about various types of loans.
Article Source: [http://ezinearticles.com/?expert=Carrie_Reeder ] http://EzineArticles.com/?expert=Carrie_Reeder
[http://ezinearticles.com/?Used-Car-Loans---3-Tips-For-Financing-Your-Used-Vehicle-Online&id=64966 ] http://EzineArticles.com/?Used-Car-Loans---3-Tips-For-Financing-Your-Used-Vehicle-Online&id=64966
Friday, June 29, 2007
Vehicle Finance loans
Taking Out a Purchase Loan
By [http://ezinearticles.com/?expert=Martin_Lukac] Martin Lukac
Manypeople may not realize when they are actually taking a purchase loan what it is all about. Many may not even realize that they have taken a purchase loan when they take loans for purposes like the purchase of large items such as vehicles and homes. The purchase loan can be defined simply as a loan that is taken to finance a particular purchase and this is a consumer loan that is more common than you may think. This loan is most commonly seen in the mortgages that people use and purchase homes.
This option is exceptional as it basically eliminates the need for collateral and persons are still able to make valuable purchases that qualify as assets. First time homeowners are a great candidate for this option and purchase loans are one of the best options to alleviate the strain of buying a home on first time buyers. Home purchase loans are one of the easiest ways to secure financing for your home. In fact home equity loans are in fact purchase loans as they are indeed a consumer loan where the item being financed is held towards the purchase.
Even refinancing a home loan can qualify in this genre as it is simply the refinancing of a home that has been held in lien and is being reused as collateral for a loan. Lien is quite simply where there is the holding of a legal claim on the property that exists until the debt to purchase the property has been repaid. This is a great way to free home equity for investments and other purchases as you are able to get cash out of the system and use this cash to invest.
People have also been known to refinance using these loans in order to take advantage of lowered mortgage interest rates. This option as well enables you to use funds you have already paid on your mortgage and make other purchases. You are able to free up home equity. All this falls under purchase loans as it involves the home being used as collateral for the loan.
The home is held in lien either with a legal hold should you default on the loan or with a hold until you pay off the loan that you cannot utilize the asset. Most creditors opt for the first option as this may allow your investment in the home to grow and you may be able to pay off the loan faster than otherwise.
A purchase may also define other purchases such as loans to buy vehicles. You own the vehicle but the creditor has a legal claim and is able to use this claim until the vehicle payment has ended. This is a huge responsibility and must be honored. When we borrow for purchases that we do not repay the consequences are far worst so we must be sure. Preparation financially to meet the demands of the repayment is vital or we stand to lose the asset.
[http://www.1ahl.com] #1 American Home Loans, 1AHL.com, provides [http://www.1ahl.com/homeequityhomeloan.html] home equity loan marketplace for consumer to get the best available rates on the market. #1 American Home Loans also provides refinance loan rate finance analysis with free mortgage rate quotes.
For more information please visit [http://www.1ahl.com/tips/4.html] Taking Out a Purchase Loan
Article Source: [http://ezinearticles.com/?expert=Martin_Lukac ] http://EzineArticles.com/?expert=Martin_Lukac
[http://ezinearticles.com/?Taking-Out-a-Purchase-Loan&id=602463 ] http://EzineArticles.com/?Taking-Out-a-Purchase-Loan&id=602463
By [http://ezinearticles.com/?expert=Martin_Lukac] Martin Lukac
Manypeople may not realize when they are actually taking a purchase loan what it is all about. Many may not even realize that they have taken a purchase loan when they take loans for purposes like the purchase of large items such as vehicles and homes. The purchase loan can be defined simply as a loan that is taken to finance a particular purchase and this is a consumer loan that is more common than you may think. This loan is most commonly seen in the mortgages that people use and purchase homes.
This option is exceptional as it basically eliminates the need for collateral and persons are still able to make valuable purchases that qualify as assets. First time homeowners are a great candidate for this option and purchase loans are one of the best options to alleviate the strain of buying a home on first time buyers. Home purchase loans are one of the easiest ways to secure financing for your home. In fact home equity loans are in fact purchase loans as they are indeed a consumer loan where the item being financed is held towards the purchase.
Even refinancing a home loan can qualify in this genre as it is simply the refinancing of a home that has been held in lien and is being reused as collateral for a loan. Lien is quite simply where there is the holding of a legal claim on the property that exists until the debt to purchase the property has been repaid. This is a great way to free home equity for investments and other purchases as you are able to get cash out of the system and use this cash to invest.
People have also been known to refinance using these loans in order to take advantage of lowered mortgage interest rates. This option as well enables you to use funds you have already paid on your mortgage and make other purchases. You are able to free up home equity. All this falls under purchase loans as it involves the home being used as collateral for the loan.
The home is held in lien either with a legal hold should you default on the loan or with a hold until you pay off the loan that you cannot utilize the asset. Most creditors opt for the first option as this may allow your investment in the home to grow and you may be able to pay off the loan faster than otherwise.
A purchase may also define other purchases such as loans to buy vehicles. You own the vehicle but the creditor has a legal claim and is able to use this claim until the vehicle payment has ended. This is a huge responsibility and must be honored. When we borrow for purchases that we do not repay the consequences are far worst so we must be sure. Preparation financially to meet the demands of the repayment is vital or we stand to lose the asset.
[http://www.1ahl.com] #1 American Home Loans, 1AHL.com, provides [http://www.1ahl.com/homeequityhomeloan.html] home equity loan marketplace for consumer to get the best available rates on the market. #1 American Home Loans also provides refinance loan rate finance analysis with free mortgage rate quotes.
For more information please visit [http://www.1ahl.com/tips/4.html] Taking Out a Purchase Loan
Article Source: [http://ezinearticles.com/?expert=Martin_Lukac ] http://EzineArticles.com/?expert=Martin_Lukac
[http://ezinearticles.com/?Taking-Out-a-Purchase-Loan&id=602463 ] http://EzineArticles.com/?Taking-Out-a-Purchase-Loan&id=602463
Monday, May 14, 2007
Vehicle Finance Loans
New Vehicle Finance: Dealership or Your Own Bank?
By Carrie Reeder
There are so many options when it comes to financing a new vehicle. Should a person secure financing ahead of time, or get financed through the dealership? If a person uses their own lender, should they pick out the vehicle first and then apply for the loan, or vice versa? This article will offer suggestions on who to obtain financing through.
Obtaining Financing First
Using a lending institution beforehand to get financing approved is a smart move
for many reasons. First of all, an approved loan will let the buyer know how
much they can afford and what sort of monthly payments they can anticipate.
There is also the negotiating factor; a person waving a check around will likely
be welcomed eagerly by the dealership since the buyer is obviously serious about
purchasing a car.
Waiting To Obtain Financing
There are times, however, when the dealership can offer lower interest rates.
Special promotion financing can, in fact, be lower than that of a bank or credit
union, although not everyone qualifies for these offers. Sometimes dealers will
be able to secure a better rate than what a buyer has already been approved for
through another lender. Dealerships work with many lenders and have the ability,
on occasion, to greet a buyer back from a test drive with a lower rate. Since a
pre-approved loan agreement from a bank or credit union is not valid until a car
has been purchased, it is perfectly acceptable to not use the loan that was
secured beforehand in a situation like this.
Shop Online
Another option to consider when searching for auto loan financing is to shop for
loans online. Many websites will even allow you to compare loan terms side by
side.
To see a list of recommended lenders for a
car finance company,
or for a car loan
with bad credit and no down payment, visit ABC Loan Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?New-Vehicle-Finance:--Dealership-or-Your-Own-Bank?&id=205727
By Carrie Reeder
There are so many options when it comes to financing a new vehicle. Should a person secure financing ahead of time, or get financed through the dealership? If a person uses their own lender, should they pick out the vehicle first and then apply for the loan, or vice versa? This article will offer suggestions on who to obtain financing through.
Obtaining Financing First
Using a lending institution beforehand to get financing approved is a smart move
for many reasons. First of all, an approved loan will let the buyer know how
much they can afford and what sort of monthly payments they can anticipate.
There is also the negotiating factor; a person waving a check around will likely
be welcomed eagerly by the dealership since the buyer is obviously serious about
purchasing a car.
Waiting To Obtain Financing
There are times, however, when the dealership can offer lower interest rates.
Special promotion financing can, in fact, be lower than that of a bank or credit
union, although not everyone qualifies for these offers. Sometimes dealers will
be able to secure a better rate than what a buyer has already been approved for
through another lender. Dealerships work with many lenders and have the ability,
on occasion, to greet a buyer back from a test drive with a lower rate. Since a
pre-approved loan agreement from a bank or credit union is not valid until a car
has been purchased, it is perfectly acceptable to not use the loan that was
secured beforehand in a situation like this.
Shop Online
Another option to consider when searching for auto loan financing is to shop for
loans online. Many websites will even allow you to compare loan terms side by
side.
To see a list of recommended lenders for a
car finance company,
or for a car loan
with bad credit and no down payment, visit ABC Loan Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?New-Vehicle-Finance:--Dealership-or-Your-Own-Bank?&id=205727
Saturday, May 12, 2007
Vehicle Finance Loans
Low Interest Vehicle Loan - Getting Approved after Repossession
By Carrie Reeder
Getting approved for a vehicle loan immediately following a
repossession is possible. However, your odds of receiving a good interest rate are
slim. Credit plays a huge role in determining the interest rate on
automobiles, loans, mortgages, etc. If you have a major credit blemish, low
interest rates are less attainable. Here are a few tips to help you get
approved for a low rate vehicle loan.
Increase Your Credit Score Before Applying for Loan
If your credit score is extremely low, applying for a vehicle loan
following a repossession is not the smartest move. Of course, cars are
practically a necessity. If you are unable to pay for a new or used car
with cash, your only option is financing the vehicle. If possible, wait at
least six months after a repossession before financing a car.
During this wait period, attempt to improve your credit. When a
creditor reviews your credit report and notices a repossession, they will
either deny your application or give you a ridiculously high APR.
To reduce the chances of this occurring, try and open new credit
accounts. Next, maintain these accounts. Pay monthly minimums on time. The
effort you put forth will reflect in your credit report. As you establish
a great payment history, your score will increase.
Carefully Select Vehicle Loan Lenders
When choosing a lender for your new or used vehicle loan, do not accept
the very first offer you receive. In order to get the lowest rate
following a repossession, you must received quotes from several lenders.
Sub prime auto loan lenders are your best option. These lenders give
loans to people with poor credit. In some instances, the interest rate
offered by these lenders is surprisingly low. To obtain quotes, submit
online applications. This method is the easiest and fastest.
After receiving quotes from various lenders, compare their offers and
terms. If you are not a good candidate for a low interest auto loan, you
may have to settle on a higher percentage auto loan. After six months,
refinance the loan for a lower rate.
See my recommended Bad
Credit Car Loan companies.
Carrie Reeder is the owner of ABC
Loan
Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?Low-Interest-Vehicle-Loan---Getting-Approved-after-Repossession&id=113662
By Carrie Reeder
Getting approved for a vehicle loan immediately following a
repossession is possible. However, your odds of receiving a good interest rate are
slim. Credit plays a huge role in determining the interest rate on
automobiles, loans, mortgages, etc. If you have a major credit blemish, low
interest rates are less attainable. Here are a few tips to help you get
approved for a low rate vehicle loan.
Increase Your Credit Score Before Applying for Loan
If your credit score is extremely low, applying for a vehicle loan
following a repossession is not the smartest move. Of course, cars are
practically a necessity. If you are unable to pay for a new or used car
with cash, your only option is financing the vehicle. If possible, wait at
least six months after a repossession before financing a car.
During this wait period, attempt to improve your credit. When a
creditor reviews your credit report and notices a repossession, they will
either deny your application or give you a ridiculously high APR.
To reduce the chances of this occurring, try and open new credit
accounts. Next, maintain these accounts. Pay monthly minimums on time. The
effort you put forth will reflect in your credit report. As you establish
a great payment history, your score will increase.
Carefully Select Vehicle Loan Lenders
When choosing a lender for your new or used vehicle loan, do not accept
the very first offer you receive. In order to get the lowest rate
following a repossession, you must received quotes from several lenders.
Sub prime auto loan lenders are your best option. These lenders give
loans to people with poor credit. In some instances, the interest rate
offered by these lenders is surprisingly low. To obtain quotes, submit
online applications. This method is the easiest and fastest.
After receiving quotes from various lenders, compare their offers and
terms. If you are not a good candidate for a low interest auto loan, you
may have to settle on a higher percentage auto loan. After six months,
refinance the loan for a lower rate.
See my recommended Bad
Credit Car Loan companies.
Carrie Reeder is the owner of ABC
Loan
Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?Low-Interest-Vehicle-Loan---Getting-Approved-after-Repossession&id=113662
Friday, May 11, 2007
Vehicle Finance Loans
Inexpensive Motor Vehicle Loans Based On Equity
By Kate Ross
Motor vehicle loans, being not so common, have little flexibility in terms of monthly installments’ amounts and thus, many think that if they can’t afford the monthly payments they can’t afford to purchase their dreamed vehicle. But truth is that there are other sources of finance with much better terms.
Motor Vehicle loans based on equity can provide you with all the finance you need and due to the benefits real estate equity provides you can obtain more advantageous loan terms than with regular motor vehicle loans whether they are secured or unsecured. Thus, if you need finance and can’t afford the monthly payments of regular motor vehicle loans, consider loans based on equity as an alternative.
Home Ownership Is A Must
Equity is the difference between the market price of a property and the amount of debt guaranteed by it. Motor Vehicles also have equity when a motor vehicle loan balance is lower than the market price of the vehicle. However, loans based on the available equity of a motor vehicle are not common and when we refer to loans based on equity we mean home equity.
Thus, in order to obtain loans for purchasing motor vehicles based on equity, you’ll need to be a home owner. This limits these loan niche a bit, but yet, those who qualify, can get real great terms on their loans and finance the purchase of their motor vehicles at a really low cost compared to unsecured motor vehicle loans and even to secured motor vehicle loans.
Benefits Of Loans Based On Equity
Loans based on equity carry many benefits compared to loans that are not secured. For starters, getting approved for a loan based on equity is a lot easier. There are fewer credit and income requirements for qualifying and you can also get significantly more advantageous terms on your motor vehicle loan this way.
The interest rates charged for loans based on equity are as low as half the rate of unsecured loan or even more. The repayment programs of these loans are significantly more flexible and you can extend them in order to obtain lower monthly payments so as to fit your budget. And last, but not least, these loans provide higher loan amounts which can let you purchase more expensive motor vehicles without having to resort to leasing contracts or other financial products that in the long run end up being more onerous.
The Cheap Financing Solution
Motor Vehicle Loans based on equity are the perfect solution that combines inexpensive financing with higher loan amounts, both characteristics that come very handy when you want to purchase a motor vehicle. In order to find a lender you can search for motor vehicle loans or home equity loans as not all motor vehicle lenders deal with loans secured with home equity. However, with home equity loans the money can be used for whatever purpose, including motor vehicle purchases.
---
Kate Ross is a professional consultant at Speedybadcreditloans.com.
You can click here to read more useful articles on this and other financial issues.
Article Source: http://EzineArticles.com/?expert=Kate_Ross
http://EzineArticles.com/?Inexpensive-Motor-Vehicle-Loans-Based-On-Equity&id=482882
Motor vehicle loans can be really expensive especially for those that don't count with a good credit score or history or those who do not have a good available income to afford the monthly payments.
By Kate Ross
Motor vehicle loans, being not so common, have little flexibility in terms of monthly installments’ amounts and thus, many think that if they can’t afford the monthly payments they can’t afford to purchase their dreamed vehicle. But truth is that there are other sources of finance with much better terms.
Motor Vehicle loans based on equity can provide you with all the finance you need and due to the benefits real estate equity provides you can obtain more advantageous loan terms than with regular motor vehicle loans whether they are secured or unsecured. Thus, if you need finance and can’t afford the monthly payments of regular motor vehicle loans, consider loans based on equity as an alternative.
Home Ownership Is A Must
Equity is the difference between the market price of a property and the amount of debt guaranteed by it. Motor Vehicles also have equity when a motor vehicle loan balance is lower than the market price of the vehicle. However, loans based on the available equity of a motor vehicle are not common and when we refer to loans based on equity we mean home equity.
Thus, in order to obtain loans for purchasing motor vehicles based on equity, you’ll need to be a home owner. This limits these loan niche a bit, but yet, those who qualify, can get real great terms on their loans and finance the purchase of their motor vehicles at a really low cost compared to unsecured motor vehicle loans and even to secured motor vehicle loans.
Benefits Of Loans Based On Equity
Loans based on equity carry many benefits compared to loans that are not secured. For starters, getting approved for a loan based on equity is a lot easier. There are fewer credit and income requirements for qualifying and you can also get significantly more advantageous terms on your motor vehicle loan this way.
The interest rates charged for loans based on equity are as low as half the rate of unsecured loan or even more. The repayment programs of these loans are significantly more flexible and you can extend them in order to obtain lower monthly payments so as to fit your budget. And last, but not least, these loans provide higher loan amounts which can let you purchase more expensive motor vehicles without having to resort to leasing contracts or other financial products that in the long run end up being more onerous.
The Cheap Financing Solution
Motor Vehicle Loans based on equity are the perfect solution that combines inexpensive financing with higher loan amounts, both characteristics that come very handy when you want to purchase a motor vehicle. In order to find a lender you can search for motor vehicle loans or home equity loans as not all motor vehicle lenders deal with loans secured with home equity. However, with home equity loans the money can be used for whatever purpose, including motor vehicle purchases.
---
Kate Ross is a professional consultant at Speedybadcreditloans.com.
You can click here to read more useful articles on this and other financial issues.
Article Source: http://EzineArticles.com/?expert=Kate_Ross
http://EzineArticles.com/?Inexpensive-Motor-Vehicle-Loans-Based-On-Equity&id=482882
Motor vehicle loans can be really expensive especially for those that don't count with a good credit score or history or those who do not have a good available income to afford the monthly payments.
Thursday, May 10, 2007
Vehicle Finance Loans
Things to Consider for Car and Vehicle Finance
By David Riches
Purchasing a new car can be a daunting task. However, with some guidance, choosing the best options for a car and vehicle finance option does not have to be difficult. The most important step in the process of searching for car and vehicle finance is to research. A car and vehicle finance option can be found at dealerships and financial institutions. Often competing banks and dealerships will have special offers in order to attract business. Timing may play a part in which car and vehicle finance option to go with but if considering a special deal, make sure to be fully aware of all the terms so that you are sure you are not paying too much over the course of the loan. If it seems too good to be true, it probably is.
Before you research a car and vehicle finance option, you should have a good idea of the type of car that you want and the total cost of it. This will help when shopping around and comparing car and vehicle finance options. When searching for car and vehicle finance options, one will have to choose between leasing a vehicle and a car loan. Choosing a car loan has its benefits by letting the buyer use car and vehicle finance to purchase the car outright. A down payment will need to be made and then monthly payments will be made for a period of time, typically between two and four years. After the loan is paid of completely the vehicle will be owned entirely. Using car and vehicle finance to lease a vehicle is ideal for people who want to maintain a low monthly payment and keep a late model car. After the end of the car and vehicle finance lease, there is an option to purchase the vehicle or trade it in for a newer model and renew the lease.
Before choosing car and vehicle finance options, it is important to shop around to get the best rate. There are financial considerations that should be examined including how much money is available for a down payment and how much in monthly payments can be afforded. If choosing car and vehicle finance loans, the interest rate is something that should be looked into to ensure you are able to get the lowest possible rate. People who have good credit can typically get car and vehicle finance loans at a lower interest rate and have more available options on where to get the loan. Banks will generally have lower interest rates than car and vehicle finance through a dealership. However, if your credit is not as good, you may have to get a car and vehicle finance loan from the source that will extend credit and this may mean a higher interest rate and higher payments. However, it will also afford an opportunity to reestablish credit. Calculate the total purchase price of the vehicle after factoring in the interest rate for the period of time and choose the option that is the lowest. Often banks will compete with one another to garner your business so it is important to shop around.
For more information and advice on this subject, please visit my car leasing website at http://www.alphaleasing.co.uk
Article Source: http://EzineArticles.com/?expert=David_Riches
http://EzineArticles.com/?Things-to-Consider-for-Car-and-Vehicle-Finance&id=285573
By David Riches
Purchasing a new car can be a daunting task. However, with some guidance, choosing the best options for a car and vehicle finance option does not have to be difficult. The most important step in the process of searching for car and vehicle finance is to research. A car and vehicle finance option can be found at dealerships and financial institutions. Often competing banks and dealerships will have special offers in order to attract business. Timing may play a part in which car and vehicle finance option to go with but if considering a special deal, make sure to be fully aware of all the terms so that you are sure you are not paying too much over the course of the loan. If it seems too good to be true, it probably is.
Before you research a car and vehicle finance option, you should have a good idea of the type of car that you want and the total cost of it. This will help when shopping around and comparing car and vehicle finance options. When searching for car and vehicle finance options, one will have to choose between leasing a vehicle and a car loan. Choosing a car loan has its benefits by letting the buyer use car and vehicle finance to purchase the car outright. A down payment will need to be made and then monthly payments will be made for a period of time, typically between two and four years. After the loan is paid of completely the vehicle will be owned entirely. Using car and vehicle finance to lease a vehicle is ideal for people who want to maintain a low monthly payment and keep a late model car. After the end of the car and vehicle finance lease, there is an option to purchase the vehicle or trade it in for a newer model and renew the lease.
Before choosing car and vehicle finance options, it is important to shop around to get the best rate. There are financial considerations that should be examined including how much money is available for a down payment and how much in monthly payments can be afforded. If choosing car and vehicle finance loans, the interest rate is something that should be looked into to ensure you are able to get the lowest possible rate. People who have good credit can typically get car and vehicle finance loans at a lower interest rate and have more available options on where to get the loan. Banks will generally have lower interest rates than car and vehicle finance through a dealership. However, if your credit is not as good, you may have to get a car and vehicle finance loan from the source that will extend credit and this may mean a higher interest rate and higher payments. However, it will also afford an opportunity to reestablish credit. Calculate the total purchase price of the vehicle after factoring in the interest rate for the period of time and choose the option that is the lowest. Often banks will compete with one another to garner your business so it is important to shop around.
For more information and advice on this subject, please visit my car leasing website at http://www.alphaleasing.co.uk
Article Source: http://EzineArticles.com/?expert=David_Riches
http://EzineArticles.com/?Things-to-Consider-for-Car-and-Vehicle-Finance&id=285573
Wednesday, May 9, 2007
Vehicle Finance Loans
Repossed Cars For Sale - Q&A's by John Arumugam
Repo Cars for 90% Off! Seized Cars for $200! Cheap Surplus Cars! Are these claims true? Sounds like a terrific way to get a bargain car. How does it work? Are these real deals? Is there a catch? Government car auctions - In a nutshell Various federal, state, and local government and law enforcement agencies regularly seize possessions, including autos, of bad people and auction them off. Or they buy new service vehicles and auction off the old ones. These are collectively known as "government auctions." Banks and lending institutions also repossess property and automobiles from non-paying customers, and sell the goods through auctions. These auctions are real. They take place almost every day in various parts of the country. In most cases, anyone can attend and participate. And it's possible to find good deals, but most people don't know they exist. Here are some of the common Q&A's for buying repossessed cars.
Why Are The Cars So Cheap?
Every day thousands of Americans are defaulting on their new or almost new cars car loans and lease payments. Banks and other financial institutions are being forced to repossess more cars than they can store. Automobile storage is a very costly expense, and banks want to get these cars liquidated quickly so that they don't lose any more money. In fact, car dealers purchase these cars and sell them for a huge profit. You're effectively cutting out the middleman. You can get access to direct sources where the cars are being sold at prices that look unbelievable to the average car buyer
Can I Really Purchase A Car From $100?
Yes, there are cars to purchase from $100 and they are not junk vehicles. You have the option to inspect them before you purchase them. Many cars at the auctions are almost new with low miles. As an example, if the government seizes a vehicle from an illegal activity, you will have the option to purchase it for pennies on the dollar.
So Why Wouldn't Everyone Buy A Car This Way?
This is a very protected source of revenue for the majority of car dealerships and is not advertised to the general public. The simple fact is that many people don't have any idea that they can purchase cars this way so they lose money by paying highly inflated prices to car dealerships. Lots of consumers think these auctions are only available to licensed dealers because they're not advertised. Car dealerships obviously aren't going to tell you about it, but we get our members access to the direct sources where they can literally find a vehicle for pennies on the dollar.
Are There Online Auctions That Sell Seized Cars?
Absolutely! The Internet has changed the way auto auctions are done, increasing the ease of access for the public. There are a number of seized auto auctions being conducted online and you can save money right from your own home.
How Complicated Are The Bidding At The Auctions?
They're not! They 're actually a lot of fun! Just arrive at the auction early so you can get a look at the cars that will be up for sale that day. Most bids start at $100. If there are not many bidders at the auction on a given day, you can get your car for a ridiculous price! With our extensive database you won't have any problem finding these kinds of deals.
Are There Warranties For Auction Cars?
Generally, auction centers and websites offer a 90-day warranty at no cost to you. If you would prefer an extended warranty, you'll need to pay an additional small fee depending on where you are getting the car. However, many of the cars may even be covered by the original manufacturer's warranty.
Are There Any Hidden Fees To Worry About?
No. You will be responsible for standard fees like your title, registration, license, tax, etc. You will not be required to pay a luxury tax and you will not be required to pay any dealer-added fees like you would at a dealership.
Are These Vehicles Damaged?
No, they are not. These are repossessed vehicles not salvaged ones. You can inspect these vehicles before you purchase them.
Is There Financing Available?
Yes most of the auctions will have financing. They will provide you with a list of finance companies that will finance you regardless of your credit.
Where Are These Auctions Located?
They are auctions in just about every city throughout the United States.
Did you find the above Q&A on buying repossessed cars useful? Are you buying a repossessed car? Then learn a lot more about how buying a seized car at http://tinyurl.com/2eyrbl
About the Author
John Arumugam is a freelance writer and an internet business owner. Check out his website on government auctions at http://tinyurl.com/2eyrbl
Repo Cars for 90% Off! Seized Cars for $200! Cheap Surplus Cars! Are these claims true? Sounds like a terrific way to get a bargain car. How does it work? Are these real deals? Is there a catch? Government car auctions - In a nutshell Various federal, state, and local government and law enforcement agencies regularly seize possessions, including autos, of bad people and auction them off. Or they buy new service vehicles and auction off the old ones. These are collectively known as "government auctions." Banks and lending institutions also repossess property and automobiles from non-paying customers, and sell the goods through auctions. These auctions are real. They take place almost every day in various parts of the country. In most cases, anyone can attend and participate. And it's possible to find good deals, but most people don't know they exist. Here are some of the common Q&A's for buying repossessed cars.
Why Are The Cars So Cheap?
Every day thousands of Americans are defaulting on their new or almost new cars car loans and lease payments. Banks and other financial institutions are being forced to repossess more cars than they can store. Automobile storage is a very costly expense, and banks want to get these cars liquidated quickly so that they don't lose any more money. In fact, car dealers purchase these cars and sell them for a huge profit. You're effectively cutting out the middleman. You can get access to direct sources where the cars are being sold at prices that look unbelievable to the average car buyer
Can I Really Purchase A Car From $100?
Yes, there are cars to purchase from $100 and they are not junk vehicles. You have the option to inspect them before you purchase them. Many cars at the auctions are almost new with low miles. As an example, if the government seizes a vehicle from an illegal activity, you will have the option to purchase it for pennies on the dollar.
So Why Wouldn't Everyone Buy A Car This Way?
This is a very protected source of revenue for the majority of car dealerships and is not advertised to the general public. The simple fact is that many people don't have any idea that they can purchase cars this way so they lose money by paying highly inflated prices to car dealerships. Lots of consumers think these auctions are only available to licensed dealers because they're not advertised. Car dealerships obviously aren't going to tell you about it, but we get our members access to the direct sources where they can literally find a vehicle for pennies on the dollar.
Are There Online Auctions That Sell Seized Cars?
Absolutely! The Internet has changed the way auto auctions are done, increasing the ease of access for the public. There are a number of seized auto auctions being conducted online and you can save money right from your own home.
How Complicated Are The Bidding At The Auctions?
They're not! They 're actually a lot of fun! Just arrive at the auction early so you can get a look at the cars that will be up for sale that day. Most bids start at $100. If there are not many bidders at the auction on a given day, you can get your car for a ridiculous price! With our extensive database you won't have any problem finding these kinds of deals.
Are There Warranties For Auction Cars?
Generally, auction centers and websites offer a 90-day warranty at no cost to you. If you would prefer an extended warranty, you'll need to pay an additional small fee depending on where you are getting the car. However, many of the cars may even be covered by the original manufacturer's warranty.
Are There Any Hidden Fees To Worry About?
No. You will be responsible for standard fees like your title, registration, license, tax, etc. You will not be required to pay a luxury tax and you will not be required to pay any dealer-added fees like you would at a dealership.
Are These Vehicles Damaged?
No, they are not. These are repossessed vehicles not salvaged ones. You can inspect these vehicles before you purchase them.
Is There Financing Available?
Yes most of the auctions will have financing. They will provide you with a list of finance companies that will finance you regardless of your credit.
Where Are These Auctions Located?
They are auctions in just about every city throughout the United States.
Did you find the above Q&A on buying repossessed cars useful? Are you buying a repossessed car? Then learn a lot more about how buying a seized car at http://tinyurl.com/2eyrbl
About the Author
John Arumugam is a freelance writer and an internet business owner. Check out his website on government auctions at http://tinyurl.com/2eyrbl
Tuesday, May 8, 2007
Vehicle Finance Loans
Logbook Loans - Money Against Vehicle Logbook
By Amanda Thompson
Logbook in simple terms means a vehicle registration
certificate issued by Driving and Vehicle Licensing Agency
(DVLA) in the UK. I hope you are aware of the fact that
registration document V5 popularly known as logbook has become
invalid from July 2005 and is replaced by a new style vehicle
registration certificate (V5C). A logbook is valid up to 5
years and contains entries regarding owner of the vehicle,
registered keeper of logbook, chassis number, current
registration mark, engine number, model and color of the car.
You know various means of borrowing. But, do you know you can
borrow a loan by using a logbook. Yes, it is true, now you can
borrow a logbook loan.
A logbook loan is a kind of personal loan secured against a
car. A UK resident who has a logbook registered in their name
is eligible for logbook loans. Lenders in exchange keep the
logbook of the borrowers with them against the loan. Borrowers
can enjoy the complete freedom to drive their car without any
restrictions from the lender.
Amount that a borrower can borrow with a logbook loan ranges
from 0„5500 to 0„550,000. The loan amount is determined on
the basis of value of the car minus any outstanding payments
due to be made on the car.
Following criteria are to be met to become eligible for a
logbook loan:-
ƒ8§4 To be eligible for a logbook loan, the logbook should be
in the name of the borrower.
ƒ8§4 The vehicle against which logbook loans are taken should
be less than 8 years old.
ƒ8§4 A borrower of the loan should be in full time employment.
He or she should have some regular source of income; you have
to give proof of your income.
ƒ8§4 Vehicle should be clear of any finance. There should not
be any due payments on the vehicle.
ƒ8§4 Vehicle should must be insured and taxed. Vehicle against
which the loan is taken should be insured as the lender wants
to be on the safer side.
Credit score is considered to be an important element by
lenders in UK while lending money to the borrowers. The best
thing about logbook loans is that it does not involve credit
check. So, whatever may be your credit rating you need not
worry, you are eligible for a logbook loan if you meet the
above criteria. Problem cases such as people who have faced
CCJs, bankruptcy can also apply for this loan.
Logbook loans can be borrowed from banks or financial
institutions. But, if you are looking to get a fast and best
logbook loan, you can apply for it from online lenders. Online
loans offer the convenience of applying for the loan and saves
time and money. A borrower can access infinite number of online
lenders by using the internet from home or office.
The process of applying for an online loan is swift. Lending
websites usually offer an online application form on their
websites, which a borrower is required to fill. A borrower just
needs to fill up this form with some personal details such as
borrower¡¯s name, loan amount required and many other details.
These details help a lender to find the most appropriate loan
for the borrowers.
When you will search for the logbook loans online, you will
find a number of lenders who will be ready to offer you the
loan. But, don¡¯t get fascinated by the offers you get. Do a
bit of search and you will definitely find a better option.
Collect loan quotes from several lenders which are available
free of cost or for nominal charges and compare them to find
the best and cheap logbook loan.
It is amazing to find that besides enjoying a long drive in
your car, you can also get a loan against your car. Thanks to
logbook loans, now it has become pretty easier to turn your car
into cash by keeping your car logbook as a security.
About the Author: Amanda Thompson holds a Bachelor's degree in
Commerce from CPIT and has completed her master’s in Business
Administration from IGNOU.She is as cautious about her finances
as any person reading this is.To find a Personal loans, Debt
consolidation, home equity loans at cheap rates that best suits
your need visit http://www.chanceforloans.co.uk
Source: http://www.isnare.com
By Amanda Thompson
Logbook in simple terms means a vehicle registration
certificate issued by Driving and Vehicle Licensing Agency
(DVLA) in the UK. I hope you are aware of the fact that
registration document V5 popularly known as logbook has become
invalid from July 2005 and is replaced by a new style vehicle
registration certificate (V5C). A logbook is valid up to 5
years and contains entries regarding owner of the vehicle,
registered keeper of logbook, chassis number, current
registration mark, engine number, model and color of the car.
You know various means of borrowing. But, do you know you can
borrow a loan by using a logbook. Yes, it is true, now you can
borrow a logbook loan.
A logbook loan is a kind of personal loan secured against a
car. A UK resident who has a logbook registered in their name
is eligible for logbook loans. Lenders in exchange keep the
logbook of the borrowers with them against the loan. Borrowers
can enjoy the complete freedom to drive their car without any
restrictions from the lender.
Amount that a borrower can borrow with a logbook loan ranges
from 0„5500 to 0„550,000. The loan amount is determined on
the basis of value of the car minus any outstanding payments
due to be made on the car.
Following criteria are to be met to become eligible for a
logbook loan:-
ƒ8§4 To be eligible for a logbook loan, the logbook should be
in the name of the borrower.
ƒ8§4 The vehicle against which logbook loans are taken should
be less than 8 years old.
ƒ8§4 A borrower of the loan should be in full time employment.
He or she should have some regular source of income; you have
to give proof of your income.
ƒ8§4 Vehicle should be clear of any finance. There should not
be any due payments on the vehicle.
ƒ8§4 Vehicle should must be insured and taxed. Vehicle against
which the loan is taken should be insured as the lender wants
to be on the safer side.
Credit score is considered to be an important element by
lenders in UK while lending money to the borrowers. The best
thing about logbook loans is that it does not involve credit
check. So, whatever may be your credit rating you need not
worry, you are eligible for a logbook loan if you meet the
above criteria. Problem cases such as people who have faced
CCJs, bankruptcy can also apply for this loan.
Logbook loans can be borrowed from banks or financial
institutions. But, if you are looking to get a fast and best
logbook loan, you can apply for it from online lenders. Online
loans offer the convenience of applying for the loan and saves
time and money. A borrower can access infinite number of online
lenders by using the internet from home or office.
The process of applying for an online loan is swift. Lending
websites usually offer an online application form on their
websites, which a borrower is required to fill. A borrower just
needs to fill up this form with some personal details such as
borrower¡¯s name, loan amount required and many other details.
These details help a lender to find the most appropriate loan
for the borrowers.
When you will search for the logbook loans online, you will
find a number of lenders who will be ready to offer you the
loan. But, don¡¯t get fascinated by the offers you get. Do a
bit of search and you will definitely find a better option.
Collect loan quotes from several lenders which are available
free of cost or for nominal charges and compare them to find
the best and cheap logbook loan.
It is amazing to find that besides enjoying a long drive in
your car, you can also get a loan against your car. Thanks to
logbook loans, now it has become pretty easier to turn your car
into cash by keeping your car logbook as a security.
About the Author: Amanda Thompson holds a Bachelor's degree in
Commerce from CPIT and has completed her master’s in Business
Administration from IGNOU.She is as cautious about her finances
as any person reading this is.To find a Personal loans, Debt
consolidation, home equity loans at cheap rates that best suits
your need visit http://www.chanceforloans.co.uk
Source: http://www.isnare.com
Monday, May 7, 2007
Vehicle Finance Loans
Cheap Motor Loans - buy car through low rate finance by Eunice Scott
If you aspire to buy a vehicle like car through a loan, then you should be looking for a loan that is cheaper in interest rate so that you can repay the loan smoothly. Cheap motor loans are what you can rely on as the lenders are ready to offer the loan at lower interest rates if you meet certain condition. You can buy any new or used car through cheap motor loans.
cheap motor loans are usually offered against property of the borrower. The higher equity in the property enables in taking the loan at reduced interest rate. Good repaying capacity backed by annual income and bank statements is enough for a lender to reduce interest rate for the deserving candidate. The loan amount will depend on value of the car. Lender will not approve higher amount than the value of the car especially in case the car is placed as security of the loan. Despite being secured loan, cheap motor loans are to be returned back in shorter duration of 5 to 7 years.
Though cheap motor loans are available as unsecured loans, offered without taking any property of the borrower as security, but the rate of interest will be comparatively higher. However if the borrower has good credit history, then the lender may reduce interest rate a bit. So check your credit score. Note that the higher the credit score, the lower the interest rate will be.
There are number of lender claiming to have a suitable cheap motor loans for you. Instead of believing them, better compare their rates and terms-conditions first for finding a suitable deal. Another way to reduce the cost of availing the loan is to apply to an online lender. Online lenders do not take any fee on the loan processing and so the loan comes cheaper. Make sure that you buy a car from a reliable dealer for quality concerns.
About the Author
Eunice Scott is a financial advisor at Motor Loans UK and provides advices on finance and insurance.To know more about cheap motor loans, motor loans UK,motor bike loans,cheap motor loans, motor car loans UK ,auto motor loans,Online motor loans UK visit http://www.motorloansuk.co.uk/
If you aspire to buy a vehicle like car through a loan, then you should be looking for a loan that is cheaper in interest rate so that you can repay the loan smoothly. Cheap motor loans are what you can rely on as the lenders are ready to offer the loan at lower interest rates if you meet certain condition. You can buy any new or used car through cheap motor loans.
cheap motor loans are usually offered against property of the borrower. The higher equity in the property enables in taking the loan at reduced interest rate. Good repaying capacity backed by annual income and bank statements is enough for a lender to reduce interest rate for the deserving candidate. The loan amount will depend on value of the car. Lender will not approve higher amount than the value of the car especially in case the car is placed as security of the loan. Despite being secured loan, cheap motor loans are to be returned back in shorter duration of 5 to 7 years.
Though cheap motor loans are available as unsecured loans, offered without taking any property of the borrower as security, but the rate of interest will be comparatively higher. However if the borrower has good credit history, then the lender may reduce interest rate a bit. So check your credit score. Note that the higher the credit score, the lower the interest rate will be.
There are number of lender claiming to have a suitable cheap motor loans for you. Instead of believing them, better compare their rates and terms-conditions first for finding a suitable deal. Another way to reduce the cost of availing the loan is to apply to an online lender. Online lenders do not take any fee on the loan processing and so the loan comes cheaper. Make sure that you buy a car from a reliable dealer for quality concerns.
About the Author
Eunice Scott is a financial advisor at Motor Loans UK and provides advices on finance and insurance.To know more about cheap motor loans, motor loans UK,motor bike loans,cheap motor loans, motor car loans UK ,auto motor loans,Online motor loans UK visit http://www.motorloansuk.co.uk/
Friday, May 4, 2007
Vehicle Finance Loans
Logbook Loans - Money Against Vehicle Logbook
By Amanda Thompson
Logbook in simple terms means a vehicle registration
certificate issued by Driving and Vehicle Licensing Agency
(DVLA) in the UK. I hope you are aware of the fact that
registration document V5 popularly known as logbook has become
invalid from July 2005 and is replaced by a new style vehicle
registration certificate (V5C). A logbook is valid up to 5
years and contains entries regarding owner of the vehicle,
registered keeper of logbook, chassis number, current
registration mark, engine number, model and color of the car.
You know various means of borrowing. But, do you know you can
borrow a loan by using a logbook. Yes, it is true, now you can
borrow a logbook loan.
A logbook loan is a kind of personal loan secured against a
car. A UK resident who has a logbook registered in their name
is eligible for logbook loans. Lenders in exchange keep the
logbook of the borrowers with them against the loan. Borrowers
can enjoy the complete freedom to drive their car without any
restrictions from the lender.
Amount that a borrower can borrow with a logbook loan ranges
from 0„5500 to 0„550,000. The loan amount is determined on
the basis of value of the car minus any outstanding payments
due to be made on the car.
Following criteria are to be met to become eligible for a
logbook loan:-
ƒ8§4 To be eligible for a logbook loan, the logbook should be
in the name of the borrower.
ƒ8§4 The vehicle against which logbook loans are taken should
be less than 8 years old.
ƒ8§4 A borrower of the loan should be in full time employment.
He or she should have some regular source of income; you have
to give proof of your income.
ƒ8§4 Vehicle should be clear of any finance. There should not
be any due payments on the vehicle.
ƒ8§4 Vehicle should must be insured and taxed. Vehicle against
which the loan is taken should be insured as the lender wants
to be on the safer side.
Credit score is considered to be an important element by
lenders in UK while lending money to the borrowers. The best
thing about logbook loans is that it does not involve credit
check. So, whatever may be your credit rating you need not
worry, you are eligible for a logbook loan if you meet the
above criteria. Problem cases such as people who have faced
CCJs, bankruptcy can also apply for this loan.
Logbook loans can be borrowed from banks or financial
institutions. But, if you are looking to get a fast and best
logbook loan, you can apply for it from online lenders. Online
loans offer the convenience of applying for the loan and saves
time and money. A borrower can access infinite number of online
lenders by using the internet from home or office.
The process of applying for an online loan is swift. Lending
websites usually offer an online application form on their
websites, which a borrower is required to fill. A borrower just
needs to fill up this form with some personal details such as
borrower¡¯s name, loan amount required and many other details.
These details help a lender to find the most appropriate loan
for the borrowers.
When you will search for the logbook loans online, you will
find a number of lenders who will be ready to offer you the
loan. But, don¡¯t get fascinated by the offers you get. Do a
bit of search and you will definitely find a better option.
Collect loan quotes from several lenders which are available
free of cost or for nominal charges and compare them to find
the best and cheap logbook loan.
It is amazing to find that besides enjoying a long drive in
your car, you can also get a loan against your car. Thanks to
logbook loans, now it has become pretty easier to turn your car
into cash by keeping your car logbook as a security.
About the Author: Amanda Thompson holds a Bachelor's degree in
Commerce from CPIT and has completed her master’s in Business
Administration from IGNOU.She is as cautious about her finances
as any person reading this is.To find a Personal loans, Debt
consolidation, home equity loans at cheap rates that best suits
your need visit http://www.chanceforloans.co.uk
Source: http://www.isnare.com
By Amanda Thompson
Logbook in simple terms means a vehicle registration
certificate issued by Driving and Vehicle Licensing Agency
(DVLA) in the UK. I hope you are aware of the fact that
registration document V5 popularly known as logbook has become
invalid from July 2005 and is replaced by a new style vehicle
registration certificate (V5C). A logbook is valid up to 5
years and contains entries regarding owner of the vehicle,
registered keeper of logbook, chassis number, current
registration mark, engine number, model and color of the car.
You know various means of borrowing. But, do you know you can
borrow a loan by using a logbook. Yes, it is true, now you can
borrow a logbook loan.
A logbook loan is a kind of personal loan secured against a
car. A UK resident who has a logbook registered in their name
is eligible for logbook loans. Lenders in exchange keep the
logbook of the borrowers with them against the loan. Borrowers
can enjoy the complete freedom to drive their car without any
restrictions from the lender.
Amount that a borrower can borrow with a logbook loan ranges
from 0„5500 to 0„550,000. The loan amount is determined on
the basis of value of the car minus any outstanding payments
due to be made on the car.
Following criteria are to be met to become eligible for a
logbook loan:-
ƒ8§4 To be eligible for a logbook loan, the logbook should be
in the name of the borrower.
ƒ8§4 The vehicle against which logbook loans are taken should
be less than 8 years old.
ƒ8§4 A borrower of the loan should be in full time employment.
He or she should have some regular source of income; you have
to give proof of your income.
ƒ8§4 Vehicle should be clear of any finance. There should not
be any due payments on the vehicle.
ƒ8§4 Vehicle should must be insured and taxed. Vehicle against
which the loan is taken should be insured as the lender wants
to be on the safer side.
Credit score is considered to be an important element by
lenders in UK while lending money to the borrowers. The best
thing about logbook loans is that it does not involve credit
check. So, whatever may be your credit rating you need not
worry, you are eligible for a logbook loan if you meet the
above criteria. Problem cases such as people who have faced
CCJs, bankruptcy can also apply for this loan.
Logbook loans can be borrowed from banks or financial
institutions. But, if you are looking to get a fast and best
logbook loan, you can apply for it from online lenders. Online
loans offer the convenience of applying for the loan and saves
time and money. A borrower can access infinite number of online
lenders by using the internet from home or office.
The process of applying for an online loan is swift. Lending
websites usually offer an online application form on their
websites, which a borrower is required to fill. A borrower just
needs to fill up this form with some personal details such as
borrower¡¯s name, loan amount required and many other details.
These details help a lender to find the most appropriate loan
for the borrowers.
When you will search for the logbook loans online, you will
find a number of lenders who will be ready to offer you the
loan. But, don¡¯t get fascinated by the offers you get. Do a
bit of search and you will definitely find a better option.
Collect loan quotes from several lenders which are available
free of cost or for nominal charges and compare them to find
the best and cheap logbook loan.
It is amazing to find that besides enjoying a long drive in
your car, you can also get a loan against your car. Thanks to
logbook loans, now it has become pretty easier to turn your car
into cash by keeping your car logbook as a security.
About the Author: Amanda Thompson holds a Bachelor's degree in
Commerce from CPIT and has completed her master’s in Business
Administration from IGNOU.She is as cautious about her finances
as any person reading this is.To find a Personal loans, Debt
consolidation, home equity loans at cheap rates that best suits
your need visit http://www.chanceforloans.co.uk
Source: http://www.isnare.com
Thursday, May 3, 2007
Vehicle Finance Loans
Title Loans - Get More Of The Title To Your Vehicle
By James Taylor
Title loans have the same features as a secured loan, except
for a single aspect. While secured loans do not spell out the
type of collateral that will suffice it, title loans
specifically require cars or any other vehicle to act as
collateral. Vehicles may be used to guarantee secured loans
too. Secured car loans, for instance, offer borrowers money to
help them purchase cars. In this case, either the new
automobile or an older automobile may be used as collateral.
Thus, secured car loans too may be termed as a title loan.
Title loans are named thus because of the lenders demanding the
certificate of ownership of the vehicle, known as the title. The
borrowers are thus not restricted from making use of the vehicle
during the period of the loan, because only title is held by the
lender.
Title loans are generally taken for a shorter term. Like other
short-term loans, the title loans too are expensive owing to
the higher interest rate. Title loans fulfil short-term needs.
Immediately as the borrower gets hold of resources, he pays the
title loan and recovers the title to his automobile. Therefore,
the cost that a person has to incur in terms of interest is
lesser.
However, a clear title on the vehicle is the prerequisite for
such loans. This also helps in accelerating the process of
approval of the loans. These loans are customarily faster
approved than the regular loans. As soon as a borrower
approaches the lending organisation, the loan is sanctioned
after making some necessary checks regarding the credit history
of the borrower, and whether he has a clear title to the
automobile.
The borrowers must however know that inability to pay the title
loan can lead to a permanent loss of the vehicle. The amount
left after the paying the unpaid balance of title loan may be
claimed by the borrower. The borrower may be asked to hand over
the vehicle at a specified date and time, thus giving him an
opportunity to remove his belongings from the car, that are not
a part of the car pledged.
The process of obtaining assistance through title loans is no
different from the other loans. Borrowers have to be watchful
for lenders who charge exorbitantly high rates of interest. One
must take title loans only from the licensed lenders who are
authorised to offer these loans. They may even undertake checks
to ensure that these lenders have the necessary credentials to
offer title loans.
Lending organisations have title loan deals advertised on their
websites. Alternatively, the borrower may contact the lending
organisations personally. This will however be an arduous task
since the number of lenders in the UK has increased
appreciably. Most of the online lenders have linkages with
other many other lenders. All these lenders get to suggest
deals matching the borrowers’ requirements. Since the borrower
is under no obligation to accept these deals, he always has a
choice.
Vehicle constitutes an important asset and it cannot be risked
to any deal without considering its various aspects- both
positive and negative. Discussion with independent experts will
surely lead borrowers to the best deal title loan.
About the Author: James Taylor holds a Master’s degree in
Commerce from JNU he is working as financial consultant for
chance for loans.To find a personal loan,bad credit loans that
best suits your needs visit http://www.chanceforloans.co.uk
Source: http://www.isnare.com
By James Taylor
Title loans have the same features as a secured loan, except
for a single aspect. While secured loans do not spell out the
type of collateral that will suffice it, title loans
specifically require cars or any other vehicle to act as
collateral. Vehicles may be used to guarantee secured loans
too. Secured car loans, for instance, offer borrowers money to
help them purchase cars. In this case, either the new
automobile or an older automobile may be used as collateral.
Thus, secured car loans too may be termed as a title loan.
Title loans are named thus because of the lenders demanding the
certificate of ownership of the vehicle, known as the title. The
borrowers are thus not restricted from making use of the vehicle
during the period of the loan, because only title is held by the
lender.
Title loans are generally taken for a shorter term. Like other
short-term loans, the title loans too are expensive owing to
the higher interest rate. Title loans fulfil short-term needs.
Immediately as the borrower gets hold of resources, he pays the
title loan and recovers the title to his automobile. Therefore,
the cost that a person has to incur in terms of interest is
lesser.
However, a clear title on the vehicle is the prerequisite for
such loans. This also helps in accelerating the process of
approval of the loans. These loans are customarily faster
approved than the regular loans. As soon as a borrower
approaches the lending organisation, the loan is sanctioned
after making some necessary checks regarding the credit history
of the borrower, and whether he has a clear title to the
automobile.
The borrowers must however know that inability to pay the title
loan can lead to a permanent loss of the vehicle. The amount
left after the paying the unpaid balance of title loan may be
claimed by the borrower. The borrower may be asked to hand over
the vehicle at a specified date and time, thus giving him an
opportunity to remove his belongings from the car, that are not
a part of the car pledged.
The process of obtaining assistance through title loans is no
different from the other loans. Borrowers have to be watchful
for lenders who charge exorbitantly high rates of interest. One
must take title loans only from the licensed lenders who are
authorised to offer these loans. They may even undertake checks
to ensure that these lenders have the necessary credentials to
offer title loans.
Lending organisations have title loan deals advertised on their
websites. Alternatively, the borrower may contact the lending
organisations personally. This will however be an arduous task
since the number of lenders in the UK has increased
appreciably. Most of the online lenders have linkages with
other many other lenders. All these lenders get to suggest
deals matching the borrowers’ requirements. Since the borrower
is under no obligation to accept these deals, he always has a
choice.
Vehicle constitutes an important asset and it cannot be risked
to any deal without considering its various aspects- both
positive and negative. Discussion with independent experts will
surely lead borrowers to the best deal title loan.
About the Author: James Taylor holds a Master’s degree in
Commerce from JNU he is working as financial consultant for
chance for loans.To find a personal loan,bad credit loans that
best suits your needs visit http://www.chanceforloans.co.uk
Source: http://www.isnare.com
Wednesday, May 2, 2007
Vehicle Finance Loans
Title Loans - Get More Of The Title To Your Vehicle
By James Taylor
Title loans have the same features as a secured loan, except
for a single aspect. While secured loans do not spell out the
type of collateral that will suffice it, title loans
specifically require cars or any other vehicle to act as
collateral. Vehicles may be used to guarantee secured loans
too. Secured car loans, for instance, offer borrowers money to
help them purchase cars. In this case, either the new
automobile or an older automobile may be used as collateral.
Thus, secured car loans too may be termed as a title loan.
Title loans are named thus because of the lenders demanding the
certificate of ownership of the vehicle, known as the title. The
borrowers are thus not restricted from making use of the vehicle
during the period of the loan, because only title is held by the
lender.
Title loans are generally taken for a shorter term. Like other
short-term loans, the title loans too are expensive owing to
the higher interest rate. Title loans fulfil short-term needs.
Immediately as the borrower gets hold of resources, he pays the
title loan and recovers the title to his automobile. Therefore,
the cost that a person has to incur in terms of interest is
lesser.
However, a clear title on the vehicle is the prerequisite for
such loans. This also helps in accelerating the process of
approval of the loans. These loans are customarily faster
approved than the regular loans. As soon as a borrower
approaches the lending organisation, the loan is sanctioned
after making some necessary checks regarding the credit history
of the borrower, and whether he has a clear title to the
automobile.
The borrowers must however know that inability to pay the title
loan can lead to a permanent loss of the vehicle. The amount
left after the paying the unpaid balance of title loan may be
claimed by the borrower. The borrower may be asked to hand over
the vehicle at a specified date and time, thus giving him an
opportunity to remove his belongings from the car, that are not
a part of the car pledged.
The process of obtaining assistance through title loans is no
different from the other loans. Borrowers have to be watchful
for lenders who charge exorbitantly high rates of interest. One
must take title loans only from the licensed lenders who are
authorised to offer these loans. They may even undertake checks
to ensure that these lenders have the necessary credentials to
offer title loans.
Lending organisations have title loan deals advertised on their
websites. Alternatively, the borrower may contact the lending
organisations personally. This will however be an arduous task
since the number of lenders in the UK has increased
appreciably. Most of the online lenders have linkages with
other many other lenders. All these lenders get to suggest
deals matching the borrowers’ requirements. Since the borrower
is under no obligation to accept these deals, he always has a
choice.
Vehicle constitutes an important asset and it cannot be risked
to any deal without considering its various aspects- both
positive and negative. Discussion with independent experts will
surely lead borrowers to the best deal title loan.
About the Author: James Taylor holds a Master’s degree in
Commerce from JNU he is working as financial consultant for
chance for loans.To find a personal loan,bad credit loans that
best suits your needs visit http://www.chanceforloans.co.uk
Source: http://www.isnare.com
By James Taylor
Title loans have the same features as a secured loan, except
for a single aspect. While secured loans do not spell out the
type of collateral that will suffice it, title loans
specifically require cars or any other vehicle to act as
collateral. Vehicles may be used to guarantee secured loans
too. Secured car loans, for instance, offer borrowers money to
help them purchase cars. In this case, either the new
automobile or an older automobile may be used as collateral.
Thus, secured car loans too may be termed as a title loan.
Title loans are named thus because of the lenders demanding the
certificate of ownership of the vehicle, known as the title. The
borrowers are thus not restricted from making use of the vehicle
during the period of the loan, because only title is held by the
lender.
Title loans are generally taken for a shorter term. Like other
short-term loans, the title loans too are expensive owing to
the higher interest rate. Title loans fulfil short-term needs.
Immediately as the borrower gets hold of resources, he pays the
title loan and recovers the title to his automobile. Therefore,
the cost that a person has to incur in terms of interest is
lesser.
However, a clear title on the vehicle is the prerequisite for
such loans. This also helps in accelerating the process of
approval of the loans. These loans are customarily faster
approved than the regular loans. As soon as a borrower
approaches the lending organisation, the loan is sanctioned
after making some necessary checks regarding the credit history
of the borrower, and whether he has a clear title to the
automobile.
The borrowers must however know that inability to pay the title
loan can lead to a permanent loss of the vehicle. The amount
left after the paying the unpaid balance of title loan may be
claimed by the borrower. The borrower may be asked to hand over
the vehicle at a specified date and time, thus giving him an
opportunity to remove his belongings from the car, that are not
a part of the car pledged.
The process of obtaining assistance through title loans is no
different from the other loans. Borrowers have to be watchful
for lenders who charge exorbitantly high rates of interest. One
must take title loans only from the licensed lenders who are
authorised to offer these loans. They may even undertake checks
to ensure that these lenders have the necessary credentials to
offer title loans.
Lending organisations have title loan deals advertised on their
websites. Alternatively, the borrower may contact the lending
organisations personally. This will however be an arduous task
since the number of lenders in the UK has increased
appreciably. Most of the online lenders have linkages with
other many other lenders. All these lenders get to suggest
deals matching the borrowers’ requirements. Since the borrower
is under no obligation to accept these deals, he always has a
choice.
Vehicle constitutes an important asset and it cannot be risked
to any deal without considering its various aspects- both
positive and negative. Discussion with independent experts will
surely lead borrowers to the best deal title loan.
About the Author: James Taylor holds a Master’s degree in
Commerce from JNU he is working as financial consultant for
chance for loans.To find a personal loan,bad credit loans that
best suits your needs visit http://www.chanceforloans.co.uk
Source: http://www.isnare.com
Monday, April 30, 2007
Vehicle Finance Loans
Loans - New Cars for Old
By Michael Challiner
Thinking of buying a new car? Unless you’re paying cash, presumably you’re looking for the best way to finance the car of your choice.
For people who choose to buy a new car every two or three years, personal contract purchase, or PCP, is gaining in popularity. Your car dealer or the manufacturer effectively lends you the balance of the car, after you’ve paid a deposit of 20 to 25 per cent. A fixed trade in price is promised at the end of the deal. An annual mileage limit will be agreed and as long as this isn’t exceeded you will be offered a choice of options when the contract ends.
The choices will be
1. To return the car and change to a new one.
2. To trade it in at its second hand value – this may be more than the guaranteed figure, which makes it well worth doing.
3. To keep the car, making a final payment of the outstanding balance.
Many people simply replace their car every couple of years, using the first option and keeping to the same dealer or manufacturer.
An alternative to personal contract purchasing is a simple car lease plan. An initial deposit is paid, which works out at three times the monthly lease payment. The lease payment is then made for 24 or 36 months, depending on the contract. At the end of the time you simply return the car and walk away. There are no obligations and you’re free to go ahead and choose your next vehicle without the complications of selling a second hand one.
To make a comparison on costs using the two methods shown above, if you take a vehicle costing £14,995, bought through a personal contract purchase plan from a dealer, on a 3 year plan, you would pay a deposit of £1,548. There would then be a repayment period of 36 months @ £309 per month. The deal would guarantee you £3,861 towards a new car if you were staying with the same dealership. Alternatively you could purchase the car outright for this sum and sell or use it in part exchange it towards your new car.
If you take the same vehicle on the second (lease) plan, you would make an initial payment of £969 and the monthly payment would be £323.
The other choices to consider for vehicle finance are personal loans or hire purchase. With hire purchase the loan is secured on the vehicle. Because of this, if you get behind on your repayments, the vehicle can be repossessed by the lender. Obviously, having completed the payments on the car, at the end of the period, the vehicle is yours, without any ties, limitations on mileage etc.,
Offers of low or even no-cost credit can be found. Unfortunately they’re often unavailable on the model of your choice. In common with many other manufacturers, Vauxhall have some excellent offers with several models currently being offered at 0% interest over four years. For models not in the 0% range, for example the Astra Life 1.6 16v, the offer is considerably higher and in fact doubles the interest rate which most people pay via GMAC, the company that offers loans for customers buying directly from Vauxhall.
Of course, you don’t have to go along with the manufacturers deals and can work out your own comparisons by comparing the cost of personal loans. Log on to the internet and find a broker to check out the various loans available.
In general most car manufacturers will be able to offer some good deals when it comes to finance and it’s worth finding out what’s on offer for the car of you choice. It’s always a good idea to check what the same vehicle would cost using a personal loan and weighing up the final price paid is always worthwhile.
So, whatever your choice, personal loan, hire purchase, personal contract purchase or a simple lease plan, there are plenty of ways to finance your new car. Do your sums right and there are big savings to be made.
Get great articles on Secured Loans from Secured Loans Seller
Article Source: http://EzineArticles.com/?expert=Michael_Challiner
http://EzineArticles.com/?Loans---New-Cars-for-Old&id=313567
By Michael Challiner
Thinking of buying a new car? Unless you’re paying cash, presumably you’re looking for the best way to finance the car of your choice.
For people who choose to buy a new car every two or three years, personal contract purchase, or PCP, is gaining in popularity. Your car dealer or the manufacturer effectively lends you the balance of the car, after you’ve paid a deposit of 20 to 25 per cent. A fixed trade in price is promised at the end of the deal. An annual mileage limit will be agreed and as long as this isn’t exceeded you will be offered a choice of options when the contract ends.
The choices will be
1. To return the car and change to a new one.
2. To trade it in at its second hand value – this may be more than the guaranteed figure, which makes it well worth doing.
3. To keep the car, making a final payment of the outstanding balance.
Many people simply replace their car every couple of years, using the first option and keeping to the same dealer or manufacturer.
An alternative to personal contract purchasing is a simple car lease plan. An initial deposit is paid, which works out at three times the monthly lease payment. The lease payment is then made for 24 or 36 months, depending on the contract. At the end of the time you simply return the car and walk away. There are no obligations and you’re free to go ahead and choose your next vehicle without the complications of selling a second hand one.
To make a comparison on costs using the two methods shown above, if you take a vehicle costing £14,995, bought through a personal contract purchase plan from a dealer, on a 3 year plan, you would pay a deposit of £1,548. There would then be a repayment period of 36 months @ £309 per month. The deal would guarantee you £3,861 towards a new car if you were staying with the same dealership. Alternatively you could purchase the car outright for this sum and sell or use it in part exchange it towards your new car.
If you take the same vehicle on the second (lease) plan, you would make an initial payment of £969 and the monthly payment would be £323.
The other choices to consider for vehicle finance are personal loans or hire purchase. With hire purchase the loan is secured on the vehicle. Because of this, if you get behind on your repayments, the vehicle can be repossessed by the lender. Obviously, having completed the payments on the car, at the end of the period, the vehicle is yours, without any ties, limitations on mileage etc.,
Offers of low or even no-cost credit can be found. Unfortunately they’re often unavailable on the model of your choice. In common with many other manufacturers, Vauxhall have some excellent offers with several models currently being offered at 0% interest over four years. For models not in the 0% range, for example the Astra Life 1.6 16v, the offer is considerably higher and in fact doubles the interest rate which most people pay via GMAC, the company that offers loans for customers buying directly from Vauxhall.
Of course, you don’t have to go along with the manufacturers deals and can work out your own comparisons by comparing the cost of personal loans. Log on to the internet and find a broker to check out the various loans available.
In general most car manufacturers will be able to offer some good deals when it comes to finance and it’s worth finding out what’s on offer for the car of you choice. It’s always a good idea to check what the same vehicle would cost using a personal loan and weighing up the final price paid is always worthwhile.
So, whatever your choice, personal loan, hire purchase, personal contract purchase or a simple lease plan, there are plenty of ways to finance your new car. Do your sums right and there are big savings to be made.
Get great articles on Secured Loans from Secured Loans Seller
Article Source: http://EzineArticles.com/?expert=Michael_Challiner
http://EzineArticles.com/?Loans---New-Cars-for-Old&id=313567
Saturday, April 28, 2007
Vehicle Finance Loans
Fast Vehicle Loan Approvals
By Carrie Reeder
The approval time for vehicle loans varies. Each lender has different
criteria's, and will requests an assorted of documents from you. Before
approving a loan, your credit will be considered. Moreover, the auto
loan lender will confirm employment and salary. The process of getting a
final approval for a vehicle loan may take several hours. However,
there are ways to speed up the approval time.
Online Vehicle Loan Approvals
Getting approved for a vehicle loan online is the quickest way to be
approved for a new or used auto loan. Today, many people work with online
mortgage and vehicle lenders. Traditional lending companies and banks
have strict lending guidelines. Moreover, some lenders may not offer
auto loans to people with poor credit.
Using Online Auto Loan Brokers
Applying for a vehicle loan through an online auto loan broker will
provide you with a range of lenders that offer loans to people with good
and poor credit. The online approval time is instant. Within minutes of
submitting a vehicle loan application, brokers and auto loan companies
will email you with several loan offers.
Individuals with poor credit may receive offers from sub prime auto
loan lenders. These loans may have a higher interest rate. Nonetheless,
the vehicle loan can be refinanced after your credit improves. Getting
approved for a low rate auto loan is easy with good credit. To improve
your credit and the chances of getting a better rate, pay creditors on
time and reduce debt. This will help increase credit score.
Get Pre-Approved with Instant Auto Loan
If applying for a vehicle loan online, make sure to include all
necessary information. Failure to provide employment or income information may
delay the approval time. Instant vehicle loan approvals are ideal when
attempting to get pre-approved for a car loan. Before accepting a loan,
compare rates with at least three other money lenders. If you are
pre-approved for a car loan, compare the rate and terms of the loan with the
dealership's offer. This way, you get a new car and save money
throughout the duration of the loan.
See my recommended Auto
Loan Finance companies online for the lowest interest rates
possible.
Carrie Reeder is the owner of ABC
Loan
Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?Fast-Vehicle-Loan-Approvals&id=108579
By Carrie Reeder
The approval time for vehicle loans varies. Each lender has different
criteria's, and will requests an assorted of documents from you. Before
approving a loan, your credit will be considered. Moreover, the auto
loan lender will confirm employment and salary. The process of getting a
final approval for a vehicle loan may take several hours. However,
there are ways to speed up the approval time.
Online Vehicle Loan Approvals
Getting approved for a vehicle loan online is the quickest way to be
approved for a new or used auto loan. Today, many people work with online
mortgage and vehicle lenders. Traditional lending companies and banks
have strict lending guidelines. Moreover, some lenders may not offer
auto loans to people with poor credit.
Using Online Auto Loan Brokers
Applying for a vehicle loan through an online auto loan broker will
provide you with a range of lenders that offer loans to people with good
and poor credit. The online approval time is instant. Within minutes of
submitting a vehicle loan application, brokers and auto loan companies
will email you with several loan offers.
Individuals with poor credit may receive offers from sub prime auto
loan lenders. These loans may have a higher interest rate. Nonetheless,
the vehicle loan can be refinanced after your credit improves. Getting
approved for a low rate auto loan is easy with good credit. To improve
your credit and the chances of getting a better rate, pay creditors on
time and reduce debt. This will help increase credit score.
Get Pre-Approved with Instant Auto Loan
If applying for a vehicle loan online, make sure to include all
necessary information. Failure to provide employment or income information may
delay the approval time. Instant vehicle loan approvals are ideal when
attempting to get pre-approved for a car loan. Before accepting a loan,
compare rates with at least three other money lenders. If you are
pre-approved for a car loan, compare the rate and terms of the loan with the
dealership's offer. This way, you get a new car and save money
throughout the duration of the loan.
See my recommended Auto
Loan Finance companies online for the lowest interest rates
possible.
Carrie Reeder is the owner of ABC
Loan
Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?Fast-Vehicle-Loan-Approvals&id=108579
Friday, April 27, 2007
Vehicle Finance Loans
Fast Vehicle Loan Approvals
By Carrie Reeder
The approval time for vehicle loans varies. Each lender has different
criteria's, and will requests an assorted of documents from you. Before
approving a loan, your credit will be considered. Moreover, the auto
loan lender will confirm employment and salary. The process of getting a
final approval for a vehicle loan may take several hours. However,
there are ways to speed up the approval time.
Online Vehicle Loan Approvals
Getting approved for a vehicle loan online is the quickest way to be
approved for a new or used auto loan. Today, many people work with online
mortgage and vehicle lenders. Traditional lending companies and banks
have strict lending guidelines. Moreover, some lenders may not offer
auto loans to people with poor credit.
Using Online Auto Loan Brokers
Applying for a vehicle loan through an online auto loan broker will
provide you with a range of lenders that offer loans to people with good
and poor credit. The online approval time is instant. Within minutes of
submitting a vehicle loan application, brokers and auto loan companies
will email you with several loan offers.
Individuals with poor credit may receive offers from sub prime auto
loan lenders. These loans may have a higher interest rate. Nonetheless,
the vehicle loan can be refinanced after your credit improves. Getting
approved for a low rate auto loan is easy with good credit. To improve
your credit and the chances of getting a better rate, pay creditors on
time and reduce debt. This will help increase credit score.
Get Pre-Approved with Instant Auto Loan
If applying for a vehicle loan online, make sure to include all
necessary information. Failure to provide employment or income information may
delay the approval time. Instant vehicle loan approvals are ideal when
attempting to get pre-approved for a car loan. Before accepting a loan,
compare rates with at least three other money lenders. If you are
pre-approved for a car loan, compare the rate and terms of the loan with the
dealership's offer. This way, you get a new car and save money
throughout the duration of the loan.
See my recommended Auto
Loan Finance companies online for the lowest interest rates
possible.
Carrie Reeder is the owner of ABC
Loan
Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?Fast-Vehicle-Loan-Approvals&id=108579
By Carrie Reeder
The approval time for vehicle loans varies. Each lender has different
criteria's, and will requests an assorted of documents from you. Before
approving a loan, your credit will be considered. Moreover, the auto
loan lender will confirm employment and salary. The process of getting a
final approval for a vehicle loan may take several hours. However,
there are ways to speed up the approval time.
Online Vehicle Loan Approvals
Getting approved for a vehicle loan online is the quickest way to be
approved for a new or used auto loan. Today, many people work with online
mortgage and vehicle lenders. Traditional lending companies and banks
have strict lending guidelines. Moreover, some lenders may not offer
auto loans to people with poor credit.
Using Online Auto Loan Brokers
Applying for a vehicle loan through an online auto loan broker will
provide you with a range of lenders that offer loans to people with good
and poor credit. The online approval time is instant. Within minutes of
submitting a vehicle loan application, brokers and auto loan companies
will email you with several loan offers.
Individuals with poor credit may receive offers from sub prime auto
loan lenders. These loans may have a higher interest rate. Nonetheless,
the vehicle loan can be refinanced after your credit improves. Getting
approved for a low rate auto loan is easy with good credit. To improve
your credit and the chances of getting a better rate, pay creditors on
time and reduce debt. This will help increase credit score.
Get Pre-Approved with Instant Auto Loan
If applying for a vehicle loan online, make sure to include all
necessary information. Failure to provide employment or income information may
delay the approval time. Instant vehicle loan approvals are ideal when
attempting to get pre-approved for a car loan. Before accepting a loan,
compare rates with at least three other money lenders. If you are
pre-approved for a car loan, compare the rate and terms of the loan with the
dealership's offer. This way, you get a new car and save money
throughout the duration of the loan.
See my recommended Auto
Loan Finance companies online for the lowest interest rates
possible.
Carrie Reeder is the owner of ABC
Loan
Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?Fast-Vehicle-Loan-Approvals&id=108579
Thursday, April 26, 2007
Vehicle Finance Loans
New Vehicle Finance: Dealership or Your Own Bank?
By Carrie Reeder
There are so many options when it comes to financing a new vehicle. Should a person secure financing ahead of time, or get financed through the dealership? If a person uses their own lender, should they pick out the vehicle first and then apply for the loan, or vice versa? This article will offer suggestions on who to obtain financing through.
Obtaining Financing First
Using a lending institution beforehand to get financing approved is a smart move
for many reasons. First of all, an approved loan will let the buyer know how
much they can afford and what sort of monthly payments they can anticipate.
There is also the negotiating factor; a person waving a check around will likely
be welcomed eagerly by the dealership since the buyer is obviously serious about
purchasing a car.
Waiting To Obtain Financing
There are times, however, when the dealership can offer lower interest rates.
Special promotion financing can, in fact, be lower than that of a bank or credit
union, although not everyone qualifies for these offers. Sometimes dealers will
be able to secure a better rate than what a buyer has already been approved for
through another lender. Dealerships work with many lenders and have the ability,
on occasion, to greet a buyer back from a test drive with a lower rate. Since a
pre-approved loan agreement from a bank or credit union is not valid until a car
has been purchased, it is perfectly acceptable to not use the loan that was
secured beforehand in a situation like this.
Shop Online
Another option to consider when searching for auto loan financing is to shop for
loans online. Many websites will even allow you to compare loan terms side by
side.
To see a list of recommended lenders for a
car finance company,
or for a car loan
with bad credit and no down payment, visit ABC Loan Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?New-Vehicle-Finance:--Dealership-or-Your-Own-Bank?&id=205727
By Carrie Reeder
There are so many options when it comes to financing a new vehicle. Should a person secure financing ahead of time, or get financed through the dealership? If a person uses their own lender, should they pick out the vehicle first and then apply for the loan, or vice versa? This article will offer suggestions on who to obtain financing through.
Obtaining Financing First
Using a lending institution beforehand to get financing approved is a smart move
for many reasons. First of all, an approved loan will let the buyer know how
much they can afford and what sort of monthly payments they can anticipate.
There is also the negotiating factor; a person waving a check around will likely
be welcomed eagerly by the dealership since the buyer is obviously serious about
purchasing a car.
Waiting To Obtain Financing
There are times, however, when the dealership can offer lower interest rates.
Special promotion financing can, in fact, be lower than that of a bank or credit
union, although not everyone qualifies for these offers. Sometimes dealers will
be able to secure a better rate than what a buyer has already been approved for
through another lender. Dealerships work with many lenders and have the ability,
on occasion, to greet a buyer back from a test drive with a lower rate. Since a
pre-approved loan agreement from a bank or credit union is not valid until a car
has been purchased, it is perfectly acceptable to not use the loan that was
secured beforehand in a situation like this.
Shop Online
Another option to consider when searching for auto loan financing is to shop for
loans online. Many websites will even allow you to compare loan terms side by
side.
To see a list of recommended lenders for a
car finance company,
or for a car loan
with bad credit and no down payment, visit ABC Loan Guide.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?New-Vehicle-Finance:--Dealership-or-Your-Own-Bank?&id=205727
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