www.thehomeworkguy.com Kevin Hunter is a TV and Radio host of "CAR TIPS" in Minnesota. With either Good Credit or Bad Credit, you still deserve the best interest rate you qualify for on a car loan. If you're shopping for a car, contact The Homework Guy today for the best car buying advice available. Through his role in the car business, he has access to virtually every make and model of car, truck, van, or SUV on the market, and has contacts with many of the best car loans and financing programs out there. He can even give you tips on repairing your credit so you qualify for better interest rates in the future. For more information, visit our website at www.thehomeworkguy.com or find us on facebook at www.facebook.com
http://leafgardenpress.com/ Auto Financing Tips - by The Homework Guy
Jaw-dropping low rates on mortgages and auto loans are tempting even the most cautious borrowers to take the plunge and try to get a loan to buy a home or car, or refinance the ones they have. But can those great rates you see advertised be trusted? How to Get The Best Interest Rates
Car loans are simply personal loans used to finance your new car. Usually the car is used as collateral to secure the loan, giving the lender some assurance and yourself a lower rate. A CAR LOAN is a common and simple solution for most people who are buying a new or used car. But before you sign the dotted line, make sure you have shopped around and investigated the other options available to you to ensure that you have found the best deal available.
Make sure that you don't rush into a decision and that you have considered these points which can save you on your repayments:
* Interest rates - Your initial and probably final decision will be based on what the interest rate is. You are able to choose from a variable rate or fixed. If you are intending to pay off your debt as soon as possible or would like to make additional repayments a variable rate could be the best thing for you. Having a fixed rate allows you to budget and means that your rate will be safe from any Reserve Bank rate rises that may occur.
* Hidden fees and charges - Read your product disclosure statement (PDS) and make sure there are no added fees that you're unaware of. This could include establishment fees, early repayment fees, annual fees or extra charges if you miss your payments.
As different cars are available on different interest rates, decide which car you actually want to buy . The second step involves your fixing an amount for the loan you need. For instance, if the cost of car is $ 30,000 and the customer is willingly making a down payment of $ 8,000 then the amount of loan should be fixed at around $ 22,000. This amount also determines the rate of interest at which you will receive the loan.
You can get a lot of quotes from different companies and compare the rates of each. After finding a company with the most suitable rates of Car loan, & then you will be getting a new vehicle without stressing about financial distress.
At iLoans we offer you the best rates in the business, Let us do the leg work for you & we will provide you with the appropriate CAR LOAN
CAR LOAN is typically fast approval loans that can have you driving away your new vehicle in the same day. However, keep those impulses in check and do the research before you reach for those shiny keys.
author: Pearl.s content writer for idealcarloans CAR LOAN
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Question by shawn_mauldin: If you had cash would you payoff your car loans or would you use the money for other things? I currently have two car's and I have a combined loan for them with with a low interest rate. If you had just enough money to pay the loan off would you or would you use the money for home improvements or furniture or what ever? I just wanted to get some ideas about what some people would do? Best answer for If you had cash would you payoff your car loans or would you use the money for other things?:
Answer by Letsee
Pay off the auto loan. Then continue paying the loan note to yourself. Now you have save the interest you would have paid on the loan and are gaining interest on your saved money.
Answer by luckyerin5
I would pay off the car loan now and put the money that i would norm. be spending every month on the car loan i would put that toward home improvments.
Answer by katybeth212001
I would pay a nice chunk on the cars and spend the rest on whatever I really wanted. That way you get the best of both worlds!
Answer by TMLeaf Fan
I would put the money into my mortgage. I pay no interest on my car, so I'm better off reducing my mortgage.
Answer by someoneoutthere
I would pay the loan off. Being in debt sucks!
Answer by babsy0123
If you need home improvements, that increases the value of your home and if needed, do them, the cars are ok? but if you pay off those two cars, the money saved there could be used to make home improvements.... If you ever needed to sell your house, the home improvements would help with the value of the home...do the kitchen and the bathroom first... good luck..
Answer by cs_ab_123
Obviously i'll pay my car loans, because who knows about future? May be you become the world famous beggar....I have never bowed my head against anyone till now. And i don't want to bow my head at all. Actually, i will never buy a cycle by borrowing money from bank or friends. I know my family may not be happy with me. But its better to bow your head before own ones, rather than outsiders.....Right? OK. As you ask, my answer is, "I'll pay the loans first.". And i hope everyone would've told the same answer...
Answer by sprydle
I'd take the Dave Ramsey method and pay off the debt first then save up money for an emergency fund and then store some cash away for the home improvement projects. Home improvement over furniture because it will increase the value of your home. However get rid of the debt first.
Answer by Jcontrols
I always pay off credit first! If you can pay off the principle now,,look at the interest saved! You might have saved enough for some new furniture,,:-)=
Answer by missdj02
pay off the car loans, nice bike by the way!
Answer by Amanda H
It would depend. For me, I've been rebuilding my credit for a home loan and am now on the right track-- but what I need is lots of GOOD INFORMATION To be recorded each month, and LONG STANDING accounts-- I've had a car loan for about 2 years. I wouldnt pay it off beucase its helping up my score with the good history. But i you have good credit, I'd pay if off-- or if you had some things you wanted, atleast pay it so you have less than a year left.
Answer by Luckys Charm
I would pay of all revovling debt and a nice chunk on my car
