Posted by NewBuyer on December 4, 2009 | No Comments
A detailed look at the different types of auto financing available for new car buyers. The loan types discussed include dealer loans, third party loans, local bank and credit union loans, captive financing company loans, balloon car loans, secured car loans, auto pawn loans and long term auto loans.
From the resource: “Vehicle financing has become a huge industry, with nuances that car buyers should know about.”
Source: CarsDirect
Read More About Auto Loan Types at Newbuyer.com
Posted by NewBuyer on December 3, 2009 | No Comments
A condensed, yet helpful look at four car loan tips. The resource recommends carefully determining how much you can spend on a new car, defining your needs and then your wants and carefully researching your new car as well as the car buying process.
From the resource: “First of all, about 70% of all new car purchases are financed. So unless you plan on paying cash for your new car, or you are going to apply for a car loan, chances are you will be financing your purchase.”
Source: Automotive.com
Read More About Auto Financing at Newbuyer.com
Posted by NewBuyer on November 16, 2009 | No Comments
An eye-opening look at the inner workings of dealer-based financing. Markups that benefit the dealer are common place.
From the resource: “A dealer’s cut usually means bumping up the interest rate on the loan. Will the best deal for a dealer be the best deal for a consumer?”
Source: Bankrate.com
Read More About Where to Get an Auto Loan at Newbuyer.com
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