| |
Here are the most ideal resources for
income only auto loans
Auto Loans : Top 5 Tips For The Best Rate
You've got your eye on that shiny new Lexus - okay, maybe it's a Kia, but it's perfect and you want it to be yours, all yours - as soon as possible. At the same time, you certainly don't want to be saddled with paying nearly double the car's value by the time you finish paying off the car loan. Here are five tips to help you get the best possible interest rate on an auto loan to put the car of your dreams in your driveway.
1. Check your credit rating.
If you don't already know what's in your credit report, this is a good time to find out. Before you apply for an auto loan, get a copy of your credit report to find out what surprises may be lurking in it. You may just find out that it contains erroneous information that should be corrected, or that there's something negative on it that can be either explained away or fixed easily with a couple of phone calls or letters. Either way, it always helps to know what the credit reporting agencies are saying about you before you start shopping around for a loan.
2. If you have good to excellent credit...
...then you may qualify for special incentive financing available through the car dealer. If the car dealer is offering a low, low finance rate, check all the terms and conditions carefully BEFOREHAND online to make sure that you qualify. Most often, that 1% financing rate is reserved for those who have excellent credit and can afford to do a 12 month financing plan. If that's you - then grab the deal. 1-2% financing is a bargain if you can handle the other terms and conditions attached.
3. If you need a longer term than 12 months or have spotty credit...
...arrange your financing yourself before setting foot on the car lot. Check with your usual bank for a new auto loan first, as they may have better interest rates for those who are already established customers, or who carry all their savings, checkings and loan accounts through one bank. It may save you a few percentage points in interest to do business with someone who already knows you.
4. Shop online for the best auto loan available.
At many online credit web sites, you can submit a request for multiple quotes from area finance agencies and lending firms. Simply submit your request for an auto loan quote through an online form, and the web site will submit it to up to four financing firms at once. A representative from each agency will contact you within a few hours to a day or two to discuss your request with you and give you a quote for an interest rate and monthly payment amount that they can offer you. Online shopping for credit makes it easy to compare and pick the best auto loan terms for you.
5. If your credit is bad but you need that car...
...one of your best and most often overlooked options is to find someone to cosign the loan for you. In most cases, when you have a cosigner, you'll get the interest rate that THEY qualify for, which means a lower monthly payment for you.
About the Author
Joseph Kenny is the webmaster of the loan information sites http://www.selectloans.co.uk/ and also http://www.ukpersonalloanstore.co.uk.
More Useful Resource and Updates on income only auto loans
- Win McCormack: 100 Reasons to Vote Against John McCain (HuffingtonPost)
22. Conservative colmnist Charles Krauthammer wrote that Obama has a "first-class intellect and a first-class temperament."
- Analysts: Big 3 woes imperil U.S. economy (Detroit News)
The auto industry employs hundreds of thousands in Michigan, but its reach is broader than that. About 3.1 million people work for automakers, parts suppliers and their related businesses in the United States. Every direct job at an automaker in the U.S. creates five more jobs, said Sean McAlinden, chief economist and vice president for research for the Center for Automotive Research in Ann Arbor.
- Delahunt: Empower judges to modify mortgages (Cape Cod Times)
HYANNIS - US bankruptcy judges should have the power to modify mortgages to help financially struggling homeowners, US Rep William Delahunt told the Times's editorial board today.
- BusinessWise briefs (The Cincinnati Enquirer)
Our experts answer questions this week about the credit crunch and you and calculating gains on stocks when doing your taxes, plus give some advice on 529 college-saving plans.
- Next big worry: Credit cards (The News Journal)
Delaware jobs might hang in the balance
- Bailout of the auto industry just might cross the line (St. Louis Post-Dispatch)
By bailing out a series of financial companies in the last few weeks, the government has climbed out on a slippery slope. To get off, Uncle Sam has to tell somebody "no." Saying "no more" to the domestic auto industry would be a good place to start.
- Central Banking and Credit Quality (GoldSeek.com)
There are many very serious economic negatives of a central bank that supporters of central banks ignore. Instead, they argue that the central bank is a good institution because it helps to remedy recessions. That argument is highly misleading.
- Local courts see clear signs of tough times: lots of lawsuits (Arizona Daily Star)
Lawsuits over unpaid debts and other financial disputes are up 33 and 45 percent, respectively, in Pima County Justice and Superior courts over the past year, in yet another indicator of the economic downturn.
- For auto industry bailout, where's the sense of urgency? (MLive.com)
What's taking so long in Washington? When it comes to the Detroit automakers, the federal spigot of rescue money is not getting turned on. Yet, the handle spins quickly when a bank steps up for a deep drink.
- Car dealerships reeling from economic downturn (Atlanta Journal-Constitution)
One in 30 new-car dealerships will be out of business by the end of the year, with 1,000 more expected to fail in 2009. A dozen of those failed dealerships have Georgia roots. One of the nation's largest Chevrolet dealers, Bill Heard Enterprises, closed 14 of its dealerships, including four metro Atlanta locations, leaving employees and customers dazed and stranded. The disturbing trend shows ...
Auto Loan Application
At this time, we can only accept loan applications from residents of the ... the income of another person as a basis for repayment of this loan, please fill ... Yahoo! Answers - Income vs. Auto loan amount?
That puts my monthly gross income aro... Auto loans have relatively low risk as they can always repo the car. ... If only more people would do what you're doing. ... XFCU Loan Application
20% down (auto loan only): Yes No. Term: Fixed: Variable. Payment Method: Coupon Autopay ... should only be revealed if you want such income considered as ... interest only mortages
E-LOAN: Home Equity Loans, Mortgage, Refinance, Auto Loan, HELOC, Line ...
Lease Buyout (Auto only) Apply for a Motorcycle Loan. New Motorcycle. Used Motorcycle (Dealer) ... Stated Income Loan. Unable to document income. or ... Loans at E-LOAN.
... offers a variety of loans and information on obtaining loans. ... Lease Buyout (Auto only) Apply for a Motorcycle Loan. New Motorcycle. Used Motorcycle (Dealer) ... Auto Calculator
... standard deduction, and the earned income tax credit, six million households ... so, officials need only manage the proceeds auto calculator frugally for both ...
|
|
|
