Posts Tagged ‘good auto loan’

Why You Should Not Trust Every Auto Loan Out There

Wednesday, January 19th, 2011

There are probably a few hundred auto loan companies in America alone and all of them seem to be offering something cheap, reliable and flexible. The real truth of the matter is that in the majority of cases this is not really what is happening. A good majority of companies that specialize in giving people an auto loan are interested in making a profit which can only be made if borrowers pay back. However they know that most borrowers are in a hurry to get an auto loan and show they slap on high interest rates and hidden charges all the while making everything look great via their websites and advertisements. Read More…

Understanding the Interest Factor in Your Auto Loan

Tuesday, January 4th, 2011

One of the biggest factors which will influence what you end up paying for your auto is the interest rate. Auto loan companies mainly offer two types of interest one is called fixed interest and the second is variable interest. The thing about fixed interest is that the interest rate will not change even if the government set interest rate changes. The benefit of this type of interest is that you are saved if interest rates rise but you will be paying a lot more if they fall. The variable interest rate is probably the most common and it varies depending on the government set interest rate. Read More…

How to Avoid Auto Loan Traps

Wednesday, May 12th, 2010

If you are aware of how to get the best loan for yourself, obtaining an auto loan is by far the best method that you should opt to purchase a brand new car. Read on to find and know about potential auto loan caveats and also how to avoid problems involved with car loans. It might seem a tedious and long process at first but reading the below tips would help on saving both money and time. Read More…