What America drives, drives America. How true! Each one of us is extremely passionate about the four-wheeled invention. From the humble beginning in 1907, to the sleek cars today – cars have come a long way. Manufacturers keep launching new cars every year and we absolutely love to drive those beauties on street.
Time Savings: Let’s face it; we all need more of this. When you make the decision to look for financing by going online, you cut out much wasted time at the dealership. Now you deal directly with the lender about your loan instead of some finance manager at the dealer. Now you walk in and find the car you want, sign your check and you are on your way. Not only are you saving valuable time but you also stand to save a lot of money. In fact, most consumers that go online to get their car financed not only save on the finance portion of their purchase but on the retail side as well.
Earnings will be far from the only thing for the markets to be concerned about next week. We have the mid-term elections and we will find out if the Fed will launch another round of quantitative easing, and if so, how big the program will be. There is also a very heavy calendar of economic data due out, starting with Personal Income and Spending on Monday, and ending with the all-important jobs report on Friday. We also get both ISM indexes, the construction spending report, Auto sales, and the first read on productivity in the third quarter.
There are certain factors, which should be considered before applying for these loans. One should decide which car he wants to own? Does he want to buy a new brand car or a second hand car? What is the price of the car? What are the best car dealers available in the market? Otherwise you will end up paying a high price.
To manage debt one has to understand the concept of good debt and bad debt. According to finance gurus, good debt is loans like home mortgages; education loans; real estate investments; and business credit. While bad debt is: owing funds to credit cards; owing money to stores and pharmacies; http://refinancecarloaninfo.org/, and consumer loans.
Back in the golden days of lending, a 600 score, a job and a $1000 down could take you a long way. Even sub 500 scores with similar factors could get you a nice car. Now that everyone is so picky even a 700 score might not get you what you want. What’s the highest score? Somewhere in the upper 800’s. The biggest things that will prevent you from getting a car loan are no job, no down payment, no credit history, a repossession, a foreclosure or a bankruptcy. Repos are especially bad because the dealership will scratch their heads and ask “if you don’t want to pay the other guy, why would you pay me?
After your application is approved, choose your dream car. Select the one that really fulfills your needs and suits your style. Don’t forget to read reviews and also consider manufacturers’ incentives.