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How to successfully get new car loans

Posted on Aug 13, 2012 by Thalia Green
Aug 13

Those interested in securing a new car loan require carrying out some research in order to get the best possible deal. It is common practice for all the dealers to claim to have the best rates of interest. However, discrepancies among the lenders exist, which makes it necessary to make comparisons before making the final decision on the specific lender to use.

 

It is important to point out that the auto loans that are advertized are not easily obtainable by the average kind of client. This is because; every detail must be perfect for one to meet the requirements. Some of the details considered include:
• The income to debt ratio
• Credit ratings
• Employment stability
• Residency
• Open kind of credit account
Further to this, in order to qualify for a new car loan, one has to purchase the specific model that the dealer has targeted. This is a limiting factor for most buyers who would like to have a wide choice. The reality is that it is hard to identify the best car loans by totally believing the dealer advertisements.

 

One’s credit union or bank can sometimes provide one with the best car loan quotation. Many lenders will allow you to apply for a car loan online with most of them responding in a very short time. It is important for one to make comparisons of different offers before making the ultimate decision. The internet is the best platform to get several quotations. There are several sites that can assist one in comparing rates.

 

Since not all of the lenders of new car loans are registered, one may have to visit a good number of websites and get further information on the organization and its operations. The procedure may sound tedious but it only takes a little time to view each site keenly. The best new car loan is the one that fits right in to one’s budget. 

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5 Things to Know About Military Car Loans

Posted on Dec 06, 2011 by Thalia Green
Dec 06

As a military member, you may either be looking into purchasing your first car or upgrading your vehicle to something a little more attractive or eco-friendly. When looking for military car loans, though, there are a few things to keep in mind.

 

Check With Your Command
Before getting into any kind of auto loan, but particularly those specializing in military car loans, it is highly recommended to check with your chain of command. Many commands have lists of trusted lenders and those recommended to stay away from. If you stick to the recommended lenders on the list, you're more likely to get command support if something goes wrong.

 

Rank Does Matter
Your lender will take your rank into serious consideration when you apply for an auto loan. They will be able to tell how much money you make per month, and they will be better able to base your monthly payments on your pay. While this is helpful, you should do a full budget of your expenses - both bills and discretionary money - to understand what you can afford prior to going in to the dealer.

 

Check Your Interest Rate
Be sure that you are getting the best interest rate possible. Interest adds up exponentially and can turn a $10,000 car into a $40,000 car instantly. Read the wording of the loan paperwork to make sure that if you choose to, you can make extra payments toward the principal of the loan without any penalties.

 

Pay-Off Penalties
Just as you may incur fees for paying in advance, you may also incur fees when it comes to paying off your loan early. Be sure you read the loan paperwork thoroughly.

 

Military Discounts and Specials
Not many places will advertise, but they may offer special military car loans, so don't hesitate to ask if they provide any discounts or special arrangements.

 

Being in the military means you get to travel, and whether that's traveling the globe or to the grocery store, you'll need a reliable vehicle. Do your homework before getting a military car loan, and you'll be sure to get a good vehicle that you can afford. 

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Five Tips for Getting A Student Car Loan

Posted on Nov 28, 2011 by Thalia Green
Nov 28

Students these days, both high school and college students, almost always need their own cars to get around these days. While a car won't appreciate in value, it is an important investment of your money and likely one that will require getting a student car loan in order to purchase. Here are five tips to help you get a student car loan.

 

1. Buy A Cheap, Reliable Car: Since young people statistically have more accidents than more experienced drives and your cash reserves are limited, then make sure that you shop around to find a good reliable car that is cheap.

 

2. Shop Around for Your Loan: Simply type in your zip code and you'll find student car loan providers in your area. Give them additional information about the terms of the loan that you'd like and you'll be able to compare the interest rates that they offer you.

 

3. Find A Co-signer With Good Credit: Students usually have no credit score and loan providers will ask you to have a co-signer on your student car loan. You should aim to find someone with a high credit score, 750 or above, as that will influence the rate that you get on your car loan. The higher your credit score is, the more likely you'll repay the loan and the better conditions you'll get.

 

4. Take Proof of Income: When meeting with a loan provider, make sure you take documents showing that you have a part-time or seasonal job that earns you money. If the lender sees proof that you have been consistently earning $500 a month for the last year, they'll be more likely to give you a low interest rate since you'll be able to make payments on time.

 

5. Pay On Time: For most students, a student car loan will be the start of your credit history and making mistakes early on will affect your credit for years to come and will hinder your ability to get student loans for college and a mortgage. Make sure to make your monthly payment early each month to build up a good credit score.

 

Now that you know the basics of getting good terms on your student car loan, take this information and get started today. 

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Miami Car Loans

Posted on Nov 28, 2011 by Thalia Green
Nov 28

Some of the smartest people in the automobile trading market will make a special trip to Miami just to take advantage of the especially advantageous Miami car loans there. Miami offers some of the lowest car loan rates in the entire nation, and you can definitely tell by the number of cars that are on the road

 

If you want to get your hands on one of these deals, you have only to follow the steps below.

Miami car loans are very easy to get if you know what you want. If you walk into the dealership with a clear idea of the car that you want, then you will be much more likely to get it because the dealer does not want to waste time going over options and add-on parts when he or she could be making a sale and getting onto the next customer. The more you help deal with this, the higher volume they can move, and the more cars they will be able to sell at a lower price. They will thank you for this with a great deal on a Miami car loan.

 

The way to go in getting the absolute lowest price that you possibly can is to go online first. There are plenty of online sites that are completely dedicated to comparing the different Miami auto dealerships and their baseline prices and interest rates on car loans. If you go to these sites first, you will definitely get the absolute best in Miami car loans that you possibly can.

 

Once your dealer knows that you have information on hand, he or she will probably thank you for saving the time of having to go through the entire process of selling a car. They will reward you with a much quicker process as well as a lower price, because a great deal of the money built into Miami car loans is the time and effort spent on overhead and personnel. 

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California Car Loans

Posted on Nov 21, 2011 by Thalia Green
Nov 21

In the sunny state of California, having the right heart is very important. To get the right car, you need the right California car loan. Fortunately for new car buyers, the California car market is ripe with deals for both new and used cars, and dealers that want to create the situation financially to move the greatest amount of cars possible.

 

Because dealerships in California are often overstocked, they are ready and willing to make a deal with you if you have all of your ducks in a row. Some things that you can do to get the best California auto loan possible are to conduct your own research online first. There are many websites that are dedicated specifically to the California auto loan market. Many dealers actually look on these websites to see what their competitors are offering if you do this research first, then you save yourself the time of having to go around to or call every dealership to see exactly what they are offering.

 

Once you've done this research online, you can also get better California car loans because dealers know that you are prepared to negotiate. If you have benchmark, and you know what the market price of a vehicle is, then you can often receive better deals than someone who does not have this information on hand. Take this information into every dealer and make sure that they know that you have chosen the car that you want. Once they know you are ready to actually purchase a vehicle, they will be much more likely to give you a great deal on interest rate of your California car loan.

 

Dealers also appreciate it when they don't have to waste time with customers who don't have a car or a price in mind. The faster they can move cars, the faster they make money, and so the less money they have to charge overall. 

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Florida Car Loans

Posted on Nov 17, 2011 by Thalia Green
Nov 17

Some of the best loans in the nation are Florida car loans because the market is trying to appeal to the incredibly diverse population of Florida. Many Florida car loans, especially for cars that are made within the United States, can be had here for a much lower interest rate than anywhere else in the nation. This is because the economy of Florida remains somewhat stable during the more volatile economic period of the recession because many of the residents there are retired.

 

Also, if you are tired, you can expect anything better rate than most people can get. Many car dealerships in Florida want to appeal to those who are in their peak earning years, which are usually beyond the age of 50 and before retirement age. These people make up a great majority of the auto sales in Florida, and competition for their business is very high.

 

However, if you are not the be years of age, you can still get great deals on auto loans in Florida if you just look around a little bit. There are comparison websites online which are dedicated to finding the lowest interest rates and best loan practices of all dealers online. There are also websites which are dedicated specifically to Florida, and dealers are much more likely to give you a great deal if you come in with the research are done. They see it as you performing research on their competitors that they don't have to so that they can better fix prices to go along with the going market rate.

 

Once you've done your research, you must decide what car you want in order to get the best Florida car loan package possible. If you go into a dealership with your choice of car already decided, dealers are also very apt to give you better deals on interest rates and Florida car loans if you are ready to buy at that instant. 

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How to purchase a car using a used car loan

Posted on Nov 10, 2011 by Thalia Green
Nov 10

Many people would like to own a car but are faced with limited finances. Those with this undying passion have the option of getting a used car loan and consequently make their dream come true. It is worth mentioning that there are a myriad of lenders available online who provide quick used car loans for their clients. However, even with the various options available, one has to have the right strategy in place in order to get a good deal on the used car loan.

 

• Where to look

In order to get a low interest used car loan, it is important to know where to look . As mentioned earlier, there are several lenders who provide used car loans. Information on these lenders can be found online. By using the search engine, one can get a list of different lenders and then request for quotations. By comparing the different offers available, it becomes easier to make an informed decision.

 

• Credit history

Lenders are always keen on the applicant’s credit history. Those with good ratings are able to qualify for low interest used car loans. Before applying for a used car loan, it is advisable to get a copy of your credit report. In case there are any issues that need to be addressed, it is advisable to do so before applying for the loan.


 
• Bad credit loans

Those with poor credit scores should not despair. This is because; there are online lenders who specialize in issuing loans for people with bad credit. By using the search engine, one can identify different lenders and request for quotations. Making comparisons is advisable in a bid to secure the best deal possible.

 

The whole concept that surrounds used car loans is very easy. One can get a car very fast without having to pay for it immediately. Instead, one can select from various repayment options such as monthly or quarterly payments. 

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Military Advantage Program

Posted on Oct 21, 2011 by Thalia Green
Oct 21

Military car loansServing in the military can sometimes be tumultuous as you are told to move from one base to another. This can make making larger purchases like a car difficult. Fortunately the Military Advantage Program is available to help make the car buying process as smooth as possible.

 

What is the Military Advantage Program and who qualifies?
The Military Advantage Program is designed for active servicemen and women who are serving their country outside of the United States. If you choose to take advantage of this program, you would purchase the car remotely with the help of a representative. You can customize the vehicle just as if you were buying it in person, and then have it delivered to the location of your choice, either stateside or overseas. If you need a military car loan to purchase the vehicle, you can opt for financing through the lender of your choice. The Military Advantage program is available for cars in the Chrysler family of vehicles, as well as Ford and Lincoln.

 

What kind of guarantee do I have since I won't see the car until its delivered?
Rest assured that you have a Satisfaction Guarantee...if you are not happy with the car when it is delivered, you can receive a full refund. In addition, you will also have price protection, so even if the price goes up for some reason you will locked in at the lower price. Because they understand that your orders can change in an instant, the Military Advantage Program also permits you to change the delivery location or cancel the order outright if you wish. The program also guarantees delivery on the date specified.

 

Are there any perks?
Serving in the military requires sacrifice, but there are also benefits. The Military Advantage Program allows you to take advantage of special military-only discounts. You also get a Low-Price Guarantee, which will pay the difference if you find the same car elsewhere with the same promised delivery date.

 

To take advantage of this program visit www.ENCS.com. If you need financing for your new car, be sure to also visit Carloans.com, where we can match you up with the best military car loan for you. 

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What to Expect When Shopping for Car Loans Online

Posted on Oct 18, 2011 by Thalia Green
Oct 18

If you have reservations about shopping online for car loans, this article is for you. Here is a brief overview of what shopping online is like, and what you can expect.

 

Is shopping online safe?
Although internet scams abound, shopping online with a reputable company is completely safe. There are certain things you should look for when examining a company's website. First, look over the grammar and spelling on the site. No legitimate company will permit bad spelling or grammar on their site. If you see a homepage with numerous spelling errors or unnecessary capitalization, it should send up a red flag. Another thing to look for is whether the website displays the Better Business Bureau emblem. Companies that are accredited with the Better Business Bureau can generally be trusted. Finally, no legitimate loan company that is trying to earn your business will ask for money up front before they provide the service for you. In most cases, the company will be compensated by the lender that they match you up with, therefore you should not have to provide any money of your own.

 

Couldn't I just go to the bank myself and get a quote?
Yes you could. However, when you're shopping for a large purchase such as a car loan, it's smart to get multiple quotes from people, to make sure you are getting the best deal possible. A difference of a couple percentage points on your interest rate could mean a savings of several hundred dollars over the course of the loan. You could go from lender to lender to get numerous quotes, but shopping online provides a faster way to get a good deal. The online company will act as a liaison between you and the lender. They will match your application up to the best options possible, which means you spend much less time shopping for a great loan.

 

What if I have questions?
While the initial process is done online, in most cases a representative from the online company will get in touch with you by phone. They will hold your hand through the process and be there to answer any questions you have. In this way, the online loan process still has a human factor.

We would encourage you to include online loan sites such as Carloan.com in your car buying plans. You might be pleasantly surprise at how competitive your loan bid from an online company will be. 

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Special Consideration Car Loans If You're In The Military

Posted on Sep 27, 2011 by Thalia Green
Sep 27

military car loansAre you serving in the armed forces? Or are you veteran? Few people sacrifice more for their country than those who agree to serve in the armed forces. If you are a current or past member of the military, we want to thank you for your service and help you with some tips on how to get the best deal on your next military car loan.

 

1) Beware of dealers located near military bases.
Although there are many dealers who operate their business honestly, there are also a number who attempt to scam those who buy cars from them. The number of shady dealers is proportionately higher among those who do business close to a military base. These tend to attempt to take advantage of young soldiers looking to buy their first car, and often fly oversized flags and have big signs that say "WELCOME MILITARY". Although the appearance outside is inviting, inside you might feel like you've stepped into a hornet's nest. Unscrupulous lenders will set up what seems like a good deal for a buyer, and then call a few days later and say that the terms have changed for some reason that is "beyond their control". Of course the dealer will give the buyer the option to back out of the deal, but they will find that the car they brought for a trade in has already been sold, making them feel compelled to take the new, less favorable terms of the loan. If you're in the military, it might benefit you to drive a little further off base to do your auto shopping.

 

2) Consider buying through a federal credit union.
Navy Federal Credit Union is the largest credit union in the world and welcomes people from all four branches of the military, as well as the Department of Defense. They are famous for having highly competitive car loan rates. If you aren't a member already, consider opening an account with Navy Federal Credit Union to take advantage of these great rates.

 

3) Do some research on special discounts.
Depending on the car you buy, the manufacturer may often have special discounts available to members of the military. These can be doubled up with current incentives, giving you an even greater discount.

 

If you are thinking about buying a car, get some advice from people who have been on base for a longer period of time. They may be able to give you a name of an honest, military-friendly dealer. 

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