Benifits Of A New Car Auto Loan


New car auto loans differ from used car auto loans in a few ways. New car auto loans usually have a longer term agreement. The reason for this is because a new car tipically has a longer life. Dealerships will still try to stick you with a shorter term because they can lower the interest rate which looks good on paper but the monthly payments are almost double. Higher payments makes it hard to meet those deadlines especially when you have a couple of bad work weeks that month or you've been laid off. The best way is to get the longest term possible on a new car which is usually 72 months (or 6 years). This way, you can pay extra per month if your budget allows it and when an emergency comes up, you aren't obligated to pay the higher price. Keep in mind, the extra that you pay per month doesn't go towards free months later on, it is usually applied to the principle. In other words, don't think you can pay 6 months of double payments and then not pay for 6 months because loans, regardless of new or used auto loans, simply do not work like that. If you like to plan for a rainy day, you can have your minimum monthly payments automatically withdrawn from an escro account and you'd simply make payments to that account. In this case, if you wanted to pay double payments for 6 months and then not pay for the next 6 months, you are covered because the money is already secured in the escro account. To apply for new car financing, click the apply button and get into that new car today!



 


Recent New Car Loan Articles

Tips on Purchasing a New Car
2011-02-13 22:08:17
Buying a new car is exhilarating. Under the circumstance, it’s very easy to be swept away by the excitement. New car automobile purchasing is considered as major budget consumption, you must learn to take your time and weigh your preferences very carefully so that you will not end up with an exas...
READ MORE >>


Shopping Tips for First Time Car Buyers
2011-01-20 16:02:37
The general trend shows that now new car auto loans are more affordable than they were during the recent financial crisis. However, even though base interest rates are lower, there is no guarantee that you will get a cheap deal. In order to get a financial product that you can afford, you need to de...
READ MORE >>


Top Ways to Get an Affordable New Car Auto Loan
2011-01-20 15:59:04
With the economy and the financial markets slowly reviving from the recent credit crunch, the opportunities for getting new car auto loans are now more and better. Still, the fear bad credit remains. That is why irrespective of the more affordable interest rates, you can still expect to pay more for...
READ MORE >>


Additional Charges
Keep in mind that purchasing a car has additional charges. When negotiating a price for a vehicle, get a price that you can afford and make sure that price include; tax, tag and title! When you purchase a vehicle, you will have to pay tax on it when you head to the tag agency. This cost can sneak up on you and cause you to be in a bind.
Bad Credit Financing
You don't have to pay a high interest rate for an auto loan and you shouldn't settle for the first lender that approves your loan! By applying online, you can reach multiple lenders in your area that would lend you money regardless your credit! Simply apply online and start heading towards a better future.
When To Buy A New Car
New Car Automobile Purchasing means you will shed a lot of your savings. But if you know when and where to buy your car, we can actually cut the cost a little lower than expected.

The best time to for New Car Automobile Purchasing is during holidays. Car dealers just like other shops holds promotions too. They give discounts for fully paid cars, lower down payments, gives away many and take home items for freebie. The best months to buy new cars are during the months of July to October. Dealers will throw away big discounts to give way to new models.
2010 Avg. Loan Rate
The average loan rate is 7.5% with 4.4% being the lowest and 11% being the highest. Don't fall in the group that pays 11%!




ArticlesAuto Loan ApplicationAuto Insurance QuotesDirectoryAffiliate ProgramPrivacy PolicyTerms Of UseBad Credit Auto Loan

The Auto Loan Center LLC™ | The Auto Loan Center LLC is not a lender, dealer or insurance company.
sitemap