Obtaining A Car Loan
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Ajeet Khurana
May 8, 2013, 7:55:04 AM5/8/13
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Ajeet Khurana
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Article Title: Obtaining A Car Loan
Author: Ajeet Khurana
Word Count: 583
Article URL: http://www.isnare.com/?aid=244968&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=244968
Easy Publish Tool: http://www.isnare.com/html.php?aid=244968
*********************** ARTICLE START ***********************
Many people are intimidated by the very idea of loans, but you shouldn't be.
A loan is a service that is there for you to take advantage of, and though they take a bit of effort to obtain, they are there for the taking and the worst thing that can happen is that you are not approved for one and you have to look for another.
There is a program out there for just about everyone to take advantage of, so don't be intimidated, instead check out all of the offers that are out there just waiting to be taken advantage of and get into that new car that you want or need.
Financial Backing For That Big Auto Purchase
Vehicles today are expensive and most people cannot simply walk into a dealership and pay cash or even put it on a credit card. Most people need to get a car note to help them make affordable payments on the car. These notes often last two, three, four, five, or even six years in duration.
The shorter the term the larger the payments will be but the longer term you have the higher the interest rate will be. A good rule of thumb is to consider the shortest term you can afford to make sure that you are paying as little interest as possible.
Many people start the process by going out and looking for a car that they would like to buy and then they stress when it comes time to find financing help. Today many dealers are recommending that people do this in reverse and simply put some feelers out there to see how much they are capable of borrowing from a lender.
Some lenders will give you a pre-qualified amount that they are willing to finance and this will help you ensure that you are shopping in the range of vehicles that you can actually afford to buy.
This process may be a bit more lengthy, but in the end in pays off in a big way because you get in and get out when shopping, allowing you to go home with your affordable purchase sooner.
Many times lenders will require that you put a down payment on the sales price of the vehicle. This is a percentage of the sales price and it makes the lender feel more comfortable with giving you the money for your purchase.
The idea is that you have some of your own money invested in the purchase so you aren't as likely to skip payments or anything of that nature. If you have poor or little credit you may also be asked to have a co-signer on the account that will pay the bill if you should default.
The interest rate that you are offered will depend largely on the term of the loan as mentioned above, but also your credit score and how much money you are putting down, if any. The lower your interest rate is the lower your monthly payment will be, so it is in your best interest to shop around a little bit and try to find the best rate possible.
Rates are fluctuating quite a bit right now, but when you buy a new car you can usually get outstanding numbers that will allow you to buy something new at a great monthly rate!
About The Author: For a loan visit us at http://www.thriftyscot.co.uk/Loans/ and also for secured loan at http://www.thriftyscot.co.uk/Loans/Secured_Loans.html. We offer the best when it comes to loans at http://www.loansubmit.co.uk .
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=244968
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Ajeet Khurana
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=244968
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=244968
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Obtaining A Car Loan
Author: Ajeet Khurana
Word Count: 583
Article URL: http://www.isnare.com/?aid=244968&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=244968
Easy Publish Tool: http://www.isnare.com/html.php?aid=244968
*********************** ARTICLE START ***********************
Many people are intimidated by the very idea of loans, but you shouldn't be.
A loan is a service that is there for you to take advantage of, and though they take a bit of effort to obtain, they are there for the taking and the worst thing that can happen is that you are not approved for one and you have to look for another.
There is a program out there for just about everyone to take advantage of, so don't be intimidated, instead check out all of the offers that are out there just waiting to be taken advantage of and get into that new car that you want or need.
Financial Backing For That Big Auto Purchase
Vehicles today are expensive and most people cannot simply walk into a dealership and pay cash or even put it on a credit card. Most people need to get a car note to help them make affordable payments on the car. These notes often last two, three, four, five, or even six years in duration.
The shorter the term the larger the payments will be but the longer term you have the higher the interest rate will be. A good rule of thumb is to consider the shortest term you can afford to make sure that you are paying as little interest as possible.
Many people start the process by going out and looking for a car that they would like to buy and then they stress when it comes time to find financing help. Today many dealers are recommending that people do this in reverse and simply put some feelers out there to see how much they are capable of borrowing from a lender.
Some lenders will give you a pre-qualified amount that they are willing to finance and this will help you ensure that you are shopping in the range of vehicles that you can actually afford to buy.
This process may be a bit more lengthy, but in the end in pays off in a big way because you get in and get out when shopping, allowing you to go home with your affordable purchase sooner.
Many times lenders will require that you put a down payment on the sales price of the vehicle. This is a percentage of the sales price and it makes the lender feel more comfortable with giving you the money for your purchase.
The idea is that you have some of your own money invested in the purchase so you aren't as likely to skip payments or anything of that nature. If you have poor or little credit you may also be asked to have a co-signer on the account that will pay the bill if you should default.
The interest rate that you are offered will depend largely on the term of the loan as mentioned above, but also your credit score and how much money you are putting down, if any. The lower your interest rate is the lower your monthly payment will be, so it is in your best interest to shop around a little bit and try to find the best rate possible.
Rates are fluctuating quite a bit right now, but when you buy a new car you can usually get outstanding numbers that will allow you to buy something new at a great monthly rate!
About The Author: For a loan visit us at http://www.thriftyscot.co.uk/Loans/ and also for secured loan at http://www.thriftyscot.co.uk/Loans/Secured_Loans.html. We offer the best when it comes to loans at http://www.loansubmit.co.uk .
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=244968
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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