NewBuyer Blog » Auto Loan

Current Local Auto Loan Rates

NewBuyer — Sun, 27 Dec 2009 14:49:03 +0000

Find what local and national lenders are offering in your area with this local car finance rate comparison tool. Enter your city and state or zip code. Choose a 36 or 48 month new car loan or 36 month used car loan.

Your search results will include product (type and length of loan), lender name (with full contact information), rate, and fees and conditions. Additionally, you can instantly enter the finance rate and terms into a car loan calculator provided by the resource to determine your monthly payment and view an amortization schedule.

Source: Bankrate.com

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Compare Auto Loan Rates

NewBuyer — Tue, 22 Dec 2009 13:00:26 +0000

A clear look at current national auto loan rates broken down by loan type. A trend indicator makes the tool even more valuable. You can also compare auto loan rates within your own city and state. As a complement to the finance rate charts, the resource provides helpful auto loan articles and various auto loan calculators.

From the resource: “Most buyers – particularly those who can bring a few bucks and at least average credit to the showroom – can still finance a new ride on surprisingly good terms.”

Source: Interest.com

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Auto Loan Calculator

NewBuyer — Mon, 21 Dec 2009 23:00:42 +0000

An easy-to-use auto loan calculator that lets you choose the vehicle you are purchasing so that its price is automatically entered into your equation. This is helpful if you’d like to determine your monthly payment on a few different vehicles.

From the resource: “Use our free auto loan calculator below to view your estimated monthly payments. Enter the price of the vehicle you’re purchasing, a down payment amount, interest rate, and trade-in value to view your results.”

Source: Automotive.com

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Glossary of Auto Loan Terms

NewBuyer — Mon, 21 Dec 2009 15:00:09 +0000

One of our favorite glossaries of car loan terms. Search the glossary by letter to learn the definition of common terms such as creditor, appraisal fee, assumption, sticker price, asset and more.

From the resource: “Shopping is always easier when you know what you’re buying. Automotive.com’s auto loan glossary can help you cut through the cornucopia of terms out there. Reading through this will endow you with such comprehensive coverage of terminology that you’ll never be liable again.”

Source: Automotive.com

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Should I Borrow from a Car Dealer or a Bank to Buy a New Car?

NewBuyer — Sun, 20 Dec 2009 04:10:30 +0000

A helpful look at dealer financing and how it compares to getting a car loan from a bank. From the Resource: “Deals for low or even zero per cent financing on your new car sound really good. Are they for real? The answer is sometimes “yes,” sometimes “no.”

Source: Investor Education Fund

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Auto Loan Center

NewBuyer — Tue, 15 Dec 2009 14:00:12 +0000

An exceptional way to obtain current (and local) auto loan rates. Enter your loan type, state and city. A chart will be displayed with available loans in your area. Results can be sorted in any of the following ways: financial institution name, base rate, fees, loan-to-value percentage and loan amount. Although you may not be interested in the exact loans and institutions presented, this tool is a great way to get a snapshot of current auto loan rates available to you.

Source: MSN Money

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How to Finance a Car and Get a Car Loan

NewBuyer — Mon, 14 Dec 2009 00:30:52 +0000

A first-class guide on how to finance a car. The basics of car loans are covered along with loan terms, how your credit score can affect your interest rate, how to shop around for a car loan and how important it is to arrive at the dealership with auto financing in hand.

From the Resource: “Car financing is tricky even when the credit market is good. Now that the credit market is tight, it’s back to basics for buyers and lenders. Check out the car financing basics covered below to make sure you get the best car loan for your next vehicle.”

Source: US News Rankings and Reviews

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Car Financing Pitfalls and Solutions

NewBuyer — Fri, 11 Dec 2009 17:45:46 +0000

A valuable list of eight car loan pitfalls and solutions. The pitfalls are a result of not knowing your credit score or credit rating, overspending, not researching current car loan interest rates, failing to get pre-approved for a loan, not reviewing the car loan contract and more.

Source: Edmunds.com

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Car Buyers May Find Best Loan Deal with Dealer

NewBuyer — Fri, 11 Dec 2009 12:00:15 +0000

An interesting take on when a dealer may actually get you the best deal on your car loan. Topics cover the idea that conventional wisdom may not be best approach, the car dealer can get the better deal from the bank, and why it is helpful to get a bank pre-approval first.

From the resource: “Conventional wisdom says the best place to make a car loan is through the customer’s bank or credit union. But as many car buyers have learned, the dealer often can find a lower interest rate or financing for buyers with special problems.

Source: Bankrate.com

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Current National and State Average Auto Loan Rates

NewBuyer — Thu, 10 Dec 2009 01:34:06 +0000

One of our favorite tools for a quick look at the current national car loan rate as well as car loan rates for each state. National averages are listed for four products: 36, 48 and 60 month new car loans and 36 month used car loans. By state you will find not only state averages but highest rates and lowest rates for the above mentioned products.

Source: Bankrate.com

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