Many new car buyers are tempted to take the first credit-card company loan offer that comes their way -- or even turn to dealers for financing. To financial specialists, both are real no-nos.
According to Terry Jackson of Bankrate.com, a buyer should have financing BEFORE ever setting foot in the showroom. That's because the interest rate most dealers offer simply can't match up to what you can find on your own.
And while a credit-card company may appear to offer a good rate, it's always advisable to shop around for the best APR possible. The first step: looking up one of the many auto loan providers online. Almost all sites allow you to make rate comparisons -- and some will even make you multiple financing offers. .
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Thursday, April 10, 2008
Wednesday, April 9, 2008
Driving Leads
We give you the tools and technology you need to close the sale in real-time, and at no additional charge.
Our goal is simple - to provide our clientele with sales prospects that deliver a high ROI for their marketing dollars. Our interest is in forming a successful, long-term relationship with our dealers. We understand that when leads convert into car sales, everybody wins. Our goal is to provide the highest level of customer service and value-added services to ensure that your expectations are met and exceeded by our staff and organization. Whether that's through new car, used car or special finance leads, we can help boost your sales efforts. We guarantee it.
Contact us today for more car sales leads information by clicking here.
Where do we get our automotive leads?
DrivingLeads.com owns dozens of automotive web sites like MyAutoLoanCentral.com, FastLaneAutoLoan.com, AutoLoanCountry.com and many more.
Our goal is simple - to provide our clientele with sales prospects that deliver a high ROI for their marketing dollars. Our interest is in forming a successful, long-term relationship with our dealers. We understand that when leads convert into car sales, everybody wins. Our goal is to provide the highest level of customer service and value-added services to ensure that your expectations are met and exceeded by our staff and organization. Whether that's through new car, used car or special finance leads, we can help boost your sales efforts. We guarantee it.
Contact us today for more car sales leads information by clicking here.
Where do we get our automotive leads?
DrivingLeads.com owns dozens of automotive web sites like MyAutoLoanCentral.com, FastLaneAutoLoan.com, AutoLoanCountry.com and many more.
Wednesday, April 2, 2008
EXPERTS ADVISE TAKING A DETOUR FROM LONG-TERM AUTO LOANS
EXPERTS ADVISE TAKING A DETOUR FROM LONG-TERM
Americans take almost two years longer to pay off car loans than they did 30 years ago -- a trend that has helped to bury many of us in debt.
Lured in by the prospect of lower monthly payments, many buyers have chosen to extend the length of their loans. This has cost them two ways: first, by encouraging the purchase of more expensive vehicles, and secondly, by increasing the amount of money (through interest) they'll pay long term.
The result is more debt, or in some cases, even owing more on the loan than the car is actually worth -- a condition known as being "upside down."
Instead of looking at lowering your monthly payments through extended loan length, experts say, pay as much as you can afford to up front. Also consider buying a more affordable vehicle. You'll be better off in the long run.
Read More.............
Americans take almost two years longer to pay off car loans than they did 30 years ago -- a trend that has helped to bury many of us in debt.
Lured in by the prospect of lower monthly payments, many buyers have chosen to extend the length of their loans. This has cost them two ways: first, by encouraging the purchase of more expensive vehicles, and secondly, by increasing the amount of money (through interest) they'll pay long term.
The result is more debt, or in some cases, even owing more on the loan than the car is actually worth -- a condition known as being "upside down."
Instead of looking at lowering your monthly payments through extended loan length, experts say, pay as much as you can afford to up front. Also consider buying a more affordable vehicle. You'll be better off in the long run.
Read More.............
Wednesday, March 26, 2008
2008'S TOP AUTO BARGAINS: A BONANZA FOR LOAN APPLICANTS
Car sales have slumped to levels not seen in a decade -- good news for both buyers and borrowers.
Declining sales mean a rising number of bargains for the consumer; for the auto loan applicant, it could mean a lower down payment, and a better rate on down the line. Not to mention a load of discount financing, factory-to-dealer incentives, and rebates right now.
The models with the deepest discounts may surprise you, such as the Mercury Grand Marquis, which comes with a rebate of up to $6,500. Other vehicles which made the list include the Chrysler 300C, the Dodge Ram 1500 and the Ford Explorer. One note: financing and discounts tend to vary by region, so check around for the bargains in your area.
http://www.bankrate.com/brm/news/car-advice/20080321_discounted_2008_cars_a1.asp?prodtype=auto
Declining sales mean a rising number of bargains for the consumer; for the auto loan applicant, it could mean a lower down payment, and a better rate on down the line. Not to mention a load of discount financing, factory-to-dealer incentives, and rebates right now.
The models with the deepest discounts may surprise you, such as the Mercury Grand Marquis, which comes with a rebate of up to $6,500. Other vehicles which made the list include the Chrysler 300C, the Dodge Ram 1500 and the Ford Explorer. One note: financing and discounts tend to vary by region, so check around for the bargains in your area.
http://www.bankrate.com/brm/news/car-advice/20080321_discounted_2008_cars_a1.asp?prodtype=auto
Wednesday, March 19, 2008
FED RATE CUTS A BOOST FOR AUTO LOAN APPLICANTS
Thanks to the latest rate cuts by the Federal Reserve, borrowers should see lower costs on more than just mortgages -- it should help make auto loans more attractive, too.
According to a story in the Santa Rosa Press Democrat, rate cuts should help perk up auto loans. "Once there are more funds into the overall banking system, generally you see fixed rates start to come down," said Steve Stapp, chief financial officer for Redwood Credit Union. "There's more willingness by institutions to lend. Car sales have been down, so it's really an effort to stimulate buying by the consumers.
Auto loans are fixed-rate loans and not tied to the prime, but costs for those and other fixed loans should ease with the overall boost to lending, Stapp added.
http://www1.pressdemocrat.com/article/20080319/NEWS/803190383/1036/BUSINESS01
According to a story in the Santa Rosa Press Democrat, rate cuts should help perk up auto loans. "Once there are more funds into the overall banking system, generally you see fixed rates start to come down," said Steve Stapp, chief financial officer for Redwood Credit Union. "There's more willingness by institutions to lend. Car sales have been down, so it's really an effort to stimulate buying by the consumers.
Auto loans are fixed-rate loans and not tied to the prime, but costs for those and other fixed loans should ease with the overall boost to lending, Stapp added.
http://www1.pressdemocrat.com/article/20080319/NEWS/803190383/1036/BUSINESS01
BAD CREDIT NO LONGER AN OBSTACLE TO GETTING A CAR LOAN
Thanks to the Internet, low credit no longer means you're automatically going to get the red light for a new car loan.
In fact, far from shying away from subprime customers, a new breed of auto loan websites are actually catering to the bad-credit crowd. And the terms aren't as bad as you might think: interest rates on these loans can be as low as 12% to 16%, depending upon the type of loan you're seeking.
Not only that, you can usually make alternate payment arrangements if you know you're going to miss a payment -- adding flexibility as well as a manageable APR to the loan. Plus, these bad-credit auto loans are often available in both secured and unsecured forms.
The funds are right at your fingertips -- just do a search for "auto loans" and you'll see what we mean.
http://www.bestsyndication.com/?q=20080311_low_interest_auto_loans.htm
In fact, far from shying away from subprime customers, a new breed of auto loan websites are actually catering to the bad-credit crowd. And the terms aren't as bad as you might think: interest rates on these loans can be as low as 12% to 16%, depending upon the type of loan you're seeking.
Not only that, you can usually make alternate payment arrangements if you know you're going to miss a payment -- adding flexibility as well as a manageable APR to the loan. Plus, these bad-credit auto loans are often available in both secured and unsecured forms.
The funds are right at your fingertips -- just do a search for "auto loans" and you'll see what we mean.
http://www.bestsyndication.com/?q=20080311_low_interest_auto_loans.htm
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