car loan blog

Are you in the urge to finally having that Porsche red sports car that you want to have all these years? But then, your current financial situation could not possibly permit you to be able to pay it in cash since you have other things to pay with your existing salary. There are the school dues of your children, the utilities like the monthly electric bill, and you’re still paying for the loan of your house. You have been asking and looking around for someone or some entity to provide you with a car loan. One of the things that you’ve found out is that you can actually avail of an auto title loan. But, wait, hold your horses – before you go to this lending company and get that loan, you may want to know about car title loans. What Is an Auto Title Loan? An auto title [ Continue Reading ]

Every time you go to a car dealer to buy a car, whether it be new or used, it is highly likely that the dealer will also have on offer, various financing deals that will assist you in paying for the car. While these may seem extremely attractive, especially if you don’t think you could afford the car outright, you should always check twice to make sure you are not getting ripped off or taken advantage of. The most important thing to know in these situations where the car dealer is offering you vehicle financing, is that you do not have to take your car loan from the dealer. There are a host of alternative car loan sources that will be willing to lend you the money you need to buy the car, such as banks and other lenders, and if they are reluctant to lend you the money you need, [ Continue Reading ]

A Guide To Car Financing If you do not have cash to pay for the new car, you will need financing before you can drive the car home. This guide will help you understand the different types of car financing before you are asked to sign the contract. It is very important to check your credit, and know all of your financing options before you go to a dealership. The best thing to do is to have your financing in place before you shop for a car. This way you are in control, not the cars salesman or woman. Did you know that the “finance person at a dealership” works on commission? Did you know that the items the dealership adds on at the end of the deal, such as alarm systems, undercoating, extended warranties, and any upgrades, are items the dealership makes the most money [ Continue Reading ]

Before you make the decision to refinance your car loan, there are some things you need to consider. This article offers tips on what to consider before refinancing your car loan: Interest Rate The most common reason a person wants to refinance is to get a better interest rate. Perhaps you had bad credit when you took out your car loan, and, now that your credit has improved, you want to refinance under a better interest rate. Or, perhaps the prime rate is lower now than it was when you financed, and you want to take advantage of lower rates. A lower interest rate will save you a lot of money if you have more than a year left on your car loan; however, interest rates are not the only things you need to consider. Prepayment Penalties So, you’ve done all of your calculations, and [ Continue Reading ]

When you need money, often times the need is immediate. Finance companies sometimes offer an easy way out of financial problems by offering a car title loan. Unfortunately, clients are misled by the quick money that a car title loan offers. Tagged as abusive, car title loans charge extremely high interest rates of up to 360%. To receive a car title loan, the consumer must sign over their car title as collateral. Set up as open-ended credit, car title loans are not subject to an interest rate limit or a maturity date. So how does one get to have a car title loan? It’s simple. A customer enters the finance office to apply for a car title loan and is asked how much money they would like to borrow. With no credit check and no delay, the borrower can obtain a loan by exchanging their [ Continue Reading ]