Archive for the ‘finance’ Category

You, the car buyer, wish to purchase a car but you don’t have the necessary cash. You need a car loan. A bank or credit union can provide you the loan you need, or your car dealer can arrange the loan for you with a bank or finance company that he works with. Understand that […]

Car manufacturers and dealers often have special loan rates available for limited-time promotions. Are these deals worth considering? Do you save money by accepting low-interest loan deals? We see a lot of variations of low-interest loan rates from car manufacturers. Some are 3.9%, some, 1.9%, some 0.9%, and even 0%. What’s the difference? Is a […]

Car notes, or car loan payments, are the monthly payments made after a car is purchased with a loan from a bank, credit union, or finance company. Some dealers provide financing directly, in which case car notes are made directly to the dealer, but in most cases dealers simply arrange financing with a bank or […]

How do I buy a car from an individual private seller — not a dealer? When you buy a car from an individual, you pay with cash, a money order, or a bank cashiers check. The money can come from savings, a checking account, a family loan, or a loan from a bank or financial […]

Refinancing your car loan can often lower your monthly payments. Auto loan interest rates are hovering at the lowest rates seen in many years. If you are currently paying a high rate, you may be able to benefit by refinancing at a lower rate. Depending on the value of your car and the amount you […]

Figuring car payments is easy if you have the right calculator — it’s not easy math otherwise Car payment calculation is not simple math. It requires a rather complex business math formula that is not easily done by hand and most people are not capable, or not willing, to take it on. It’s not as simple […]

Buy-here-pay-here car dealers provide auto loans to people with bad credit. Most car dealers do not directly finance loans on cars they sell. They work with outside banks and finance companies to provide loans for their customers. It’s up to those banks and finance companies, not the dealer, to approve and provide customers car loans. However, […]

Car manufacturers offer special sales incentives every month on particular vehicle makes, models, and styles. Incentives vary from month to month. Incentives come in the form of direct-to-customer rebates, special lease deals, and low-interest loans, including 0% APR loan deals. See Best Car Deals for current new-car incentives, including 0% loans. Zero percent financing, when […]

As this is being written, this year, 2011, has become the best time to buy a new car in years. And 2012 looks to be even better. In normal years, we would tell you that the best time to buy a car is when sales are slow at the end of the month, end or […]

A Car Loan Story David, 17, recently graduated from high school, landed a good paying job, and wanted to buy a new car. His thought was that he would go to his neighborhood Ford dealer where he had been admiring a bright red Focus model that he felt he could afford, and arrange for a […]

Is it possible to get a car loan and buy a car with no credit? The answer? Yes, under some conditions. Let’s explain. It is a common situation, especially with young people who have never had a loan, never had credit cards, or never borrowed money for a car. Without a history of prior loans […]

The need or desire for a first car often comes before sufficient money is available. This is especially true for many teenagers or college graduates who are eager to buy that first car, but lack the necessary funds. What to do? This is a common problem for lots of folks buying their first car. It […]

Everyone buying a new car wants to get a bargain and a great deal. So where can those deals be found? Although we’ll be primarily discussing brand new cars here, we can make some comments on used cars, if that’s the direction you think you want to go. Used Car Deals Finding a great deal […]

Although we’ve discussed this topic previously (see Lease vs Buy), there is one aspect that we haven’t discussed and continue to hear questions about. The question is essentially this: “If a car dealer is offering a special promotional lease deal, a purchase rebate, and a low interest loan on the car I want, which one is […]