Vehicle finance loans

Tuesday, August 7, 2007

Vehicle Finance Loans

You Can Refinance Your Motor Vehicle Loan
By [http://ezinearticles.com/?expert=Mary_Wise]Mary Wise

Refinancing is an excellent option for escaping the high financial pressure that motor vehicle loan installments can imply. Thus, if you fear that you won’t be able to afford the monthly payments or that too many sacrifices must be made in order to do so, you should consider motor vehicle loan refinancing as a viable option to solve this problem.

Refinancing: The Concept

The concept of refinancing a loan is a very simple one. It basically consists on taking a loan in order to repay an outstanding loan. The new loan must feature different loan terms that in one way or another must provide advantages for the borrower. These advantages can be varied and not always consist on savings. In this case for example, the overall cost of the loan may be higher but the monthly payments will be lower so as to make the loan more affordable.

The money obtained from the new loan is used to fully cancel the previous loan and thus, the relation between the borrower and the first lender is extinguished. It is always possible to refinance with the same lender but it is highly unlikely. It is common however, to renegotiate the loan terms which is a form of refinancing but it seldom happens when the borrower is still repaying the loan as it usually happens only when negotiation is forced through a default on the loan repayment.

Usually when you take a new motor vehicle loan to refinance a previous one, the loan terms are not significantly modified. Chances are that you’ll have to agree on higher interests but lower payments by means of extending the [http://www.badcreditfinancialexperts.com/motor-vehicle-finance.html]loan repayment program. The new loan will be secured on the same vehicle as the previous loan will be canceled.

A Refinance Alternative

However, if you really want to benefit from refinancing and you have sufficient equity on your home, you can request a home equity loan instead of a motor vehicle loan. Home equity loans come with more advantageous loan terms and thus you won’t only be able to obtain more affordable payments but you’ll also be able to get further benefits.

Home equity loans come with lower interest rates, lower monthly payments, higher loan amounts, longer repayment programs, fewer fees, less insurance costs, etc. This implies that financing through home equity is in the long run a lot cheaper than resorting to other loan options and thus, by using a home equity loan, you can save thousands of dollars over the whole life of the loan.

With the money obtained from the home equity loan you can cancel the motor vehicle loan and any other debts that you may have. Thus, you could end up with a single and more affordable monthly payment that will bring a lot of ease to your financial life.

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Mary Wise, a professional consultant at [http://www.badcreditloanservices.com]Badcreditloanservices.com with twenty years in the financial field, helps people in the process of securing personal loans, mortgage, refinance or consolidation loans and preventing consumers from falling into the hands of fraudulent lenders.
You will find more useful tips and interesting articles by clicking [http://www.badcreditfinancialexperts.com/article/]Here

Article Source: http://EzineArticles.com/?expert=Mary_Wise http://EzineArticles.com/?You-Can-Refinance-Your-Motor-Vehicle-Loan&id=416693

posted by Illusion Technologies @ 3:02 AM 0 comments

Tuesday, July 31, 2007

Vehicle Finance Loans

Want A Cheaper Finance For Your Vehicle? Try Secured Automobile
Loans.
By Maria Smith

The usual modus operandi in most automobile purchases is as
follows.

Step 1: Recognize the urge for an automobile.
Step 2: Check the bank balances.
Step 3: Head for the purchase provided the second step gives a
positive result.
Step 4: If the second step gives a negative result, take an
automobile loan.

This will be rated as the most logical sequence of events by
most people unless they acknowledge the fact that they can save
hundreds of pounds by planning the automobile loan in a more
systematic manner.

Recognizing the need for an automobile:
The first step will always be to concede that there actually is
a need for a car or any other vehicle. The prices of vehicles
have heavily come down. But they still continue to be treated as
a luxury item. The desire to have a vehicle will always be
there. People wrongly try to push desires as a need. Need
emerges because of a difficulty being faced by the borrower.
Only if a need is recognized must one go to the second process.

Check for capability:
The automobile certainly would not come for free. One must have
the capability to repay the value of the vehicle purchased. Fat
bank balances are not always required. Taking a secured
automobile loan allows investment in more productive uses while
making you the proud owner of a vehicle.

There is no need to get disheartened if you do not fulfill the
qualifications. Every lender has a different lending policy.
Given the numerous lenders offering mortgages, your financial
condition is bound to match some or other lender’s products.

Stretching ones finances too much will lead to a breakdown in
the financial condition. The vehicle is not the only expenditure
on your part. There are many more expenditures to be borne by
the customer. If the sum invested in the vehicle exceeds, the
other expenditures will have to be curbed. Alternately, this
would have an adverse effect on savings.

Therefore, the amount of secured loan must be decided with
care. Once inside the showroom, almost every vehicle looks good.
But one must vote for the vehicle that most suits his budget.

The loans process:
If you thought there is little to an automobile loan after
making the decision to take it, then you are wrong. You are
still halfway in the loans process. The implementation part is
still remaining.

The first step in the loans process will be finding a suitable
lender. Though there is a single lender who offers automobile
loan, it is difficult to find the lender from the crowd of
lenders. The various lenders chosen have to pass through various
stages of screening to prove that they can provide the loan at
the best of terms. Online search significantly simplifies the
process of search. No obligation loan quotes offered by the
lenders too are of great help in the search process.

Once the lender is selected, the negotiations on the loans
begin. Details of the loan like the term of repayment, interest
charged, actual cost of the loan, amount of monthly or quarterly
repayments etc. are to be decided in this stage. This is the
most important step because this will decide how the loan fares
in the long run.

The borrowers are advised to tread cautiously in this stage.
The terms and conditions of the lenders must be read carefully.
Particular attention must be given to clauses which rule out
early or premature repayment with a penalty. All queries
regarding the loan must be immediately clarified to prevent
problems from emerging in the future.

The days ahead….
Has the loans process sucked most of your energy? You can rest
now because the days ahead are a smoother ride. You finally get
the resources to purchase the vehicle of your choice. Secured
automobile loans give borrowers a better bargaining power.
Regular repayments to the automobile loan can further assure a
smoother future. Taking a loan protection can be helpful in full
and final settlement of the secured automobile loans.

About the Author: Maria Smith has not been writing articles
from the beginning. But the increase in perplexing loans
information has urged her to write on different loans types. To
find a Loans UK,secured loans,unsecured loans,Debt consolidation
at low interest that best suits your needs visit
http://www.loansfiesta.co.uk

Source: http://www.isnare.com

posted by Illusion Technologies @ 3:59 AM 0 comments

Friday, July 27, 2007

Vehicle Finance Loans

Guaranteed Cash Advance – Instant Approval Payday Loan
By [http://ezinearticles.com/?expert=Al_Falaq_Arsendatama]Al Falaq Arsendatama

Guaranteed cash advance gives a confidence to people who need money urgently to cover up their cash emergencies. Cash advances are forms of payday loans in that you can borrow cash up to $1000 with minimum requirements. You simply need to prove that you are employed and paid regularly into your bank account. In addition to this, you must be over 18 years old. If you can fulfill these requirements then you are almost guaranteed to get cash advance loan easily from any lender.

Getting cash advance loan today is fairly easy. You don’t even have to go anywhere as you can submit the application form directly online from your home or office computer. The lender has a system to crosscheck your details and verify them to ensure that your application is legitimate.

Proof of Employment

What do you have to furnish to be eligible for getting guaranteed cash advance? The very first thing that every company requires is proof of employment. If you are not employed then it is not possible in any way to get the sanction. Your paycheck stub is required as supporting document to prove that you will receive a paycheck on your next payday.

One more eligibility requirement from the companies offering these loans is detail of your bank account. You should have a valid or checking account so the lender can deposit the required amount of money in it immediately. The majority of companies guarantee that you will get money in your account within 24 hours. Moreover, you are also asked to submit your identification proof. Driving license and passport are just two examples of how to prove your identity.

Bad Credit is OK

Companies offering these services work round the clock. The best thing about this loan is that lenders don't bother to know why you need the money at all. Whatever the purpose they are ready to lend you money provided you fulfill their demands. The approval process is done within 24 hours or less, depending on your personal and employment details.

Generally, cash advance lenders do not bother checking out your credit history. Whether you have filled a bankruptcy or have been scored a bad credit, you are still eligible to apply for the loan provided you meet the initial requirements. This procedure really gives benefit to people whose bad credit history and face financial trouble due to unexpected expenses.

You can [http://www.ezypaydayadvance.com/guaranteedpaydayadvance.html]obtain guaranteed payday cash advance from many lenders online. Apply for an [http://www.ez-loan.biz/overnight-cash-advances.html]overnight cash advance and get the money directly transfereed into your account. Check out also [http://www.paydayadvanceshop.com/bad-credit-paycheck-advance.html]bad credit paycheck advance for people who have poor credit history.

Article Source: http://EzineArticles.com/?expert=Al_Falaq_Arsendatama http://EzineArticles.com/?Guaranteed-Cash-Advance---Instant-Approval-Payday-Loan&id=605978

posted by Illusion Technologies @ 5:27 AM 0 comments

Thursday, July 26, 2007

Vehicle Finance Loans

Car Loans For People With Bad Credit – Advice On Getting A Bad
Credit Loan
By Carrie Reeder

Automobiles are easy to finance with adverse credit. In fact,
many consumers opt to get approve for an automobile loan in an
attempt to boost their credit rating. If financing a vehicle,
you have the option of securing your own private financing or
accepting a loan package offered by the dealership. Here are a
few tips to help you secure auto financing with bad credit.

Know Your Credit Rating Beforehand

Do not enter the car buying process blindly. Before beginning
your search for the perfect automobile, request a copy of your
free credit report. This way, you have an accurate picture of
your credit rating. If your score is high, you can expect a
good offer. Then again, if your credit is fair or bad, you may
not qualify for prime rates.

The best financing is usually offered to applicants with a
credit score of at least 720. To ensure a good rate on your new
or used auto loan, attempt to improve your credit rating. The
tactics for boosting credit scores are simple; however, a
significant increase will take time. To begin, submit payments
to creditors on time. Decrease and eliminate debts. If your
credit report contains errors, contact the credit bureaus to
get the matter resolved.

Loan Shopping for the Best Rates

Bad credit applicants can expect a typical auto loan rate of 8
to 9 percent. On the other hand, good credit applicants may
obtain rates as low as 1.9 percent. Before accepting a loan
with a high percentage, explore all loan options.

Dealerships will offer you a loan package. However, their offer
may not be the best. Do not immediately agree to dealer
financing. If you have poor credit, the dealership will likely
raise the final interest rate by one or two percentage points.
This tactic will increase their profit.

After you receive the dealership's offer, contact at least four
other auto loan lenders and request quotes. The quickest way to
obtain a bad credit auto loan quotes is online. Complete an
online quote request with an auto loan broker. These brokers
will match you with several reputable sub prime lenders. After
receiving and reviewing your request, lenders will make you an
offer. In some instances, brokers may offer better rates than
car dealerships.

About the Author: View our recommended lenders for
http://www.abcloanguide.com/badcreditcarloans.shtml or view all
of our http://www.abcloanguide.com/autoloans.shtml.

Source: http://www.isnare.com

posted by Illusion Technologies @ 12:00 AM 0 comments

Tuesday, July 24, 2007

Vehicle Finance Loans

Used Car Loans - 3 Tips For Financing Your Used Vehicle Online
By Carrie Reeder

Financing the purchase of a used vehicle can be done through
the convenience of online car loan lenders. Through their
websites you can request quotes, compare terms, and even apply
online. Online car loan lenders save you time and money by
making financing shopping easy. The following three tips will
ensure that you find the best financing for your vehicle
purchase.

1. Request Quotes

It is easy to compare rates online, but you really need to
request quotes to do real comparison. You should compare car
loans much like a mortgage. A difference as little as $17.00 a
month can save you over $1000 on a 60 month loan. Some lenders
charge fees, so watch for those. Sometimes small fees up front
will save you money through lower interest payments over the
course of your loan.

To find low rates consider using a car loan broker. They work
with several different lenders to bring you multiple offers to
choose from. You can also request quotes from individual lender
websites. With either type of site, you will receive your quote
instantly, enabling you to make a quick comparison.

2. Compare Terms

It is equally important to the compare terms of your car loan.
The longer loan term you choose, the more you will pay in
interest. However, longer loans also have smaller monthly
payments. You will also want to look at fees that may be
associated with early repayment or late payments.

Another factor to consider is increasing your down payment to
20% of the vehicle’s value. In some cases, this can qualify you
for a lower rate.

3. Get Prequalified

To gain added leverage in you car purchase get prequalified for
you car loan. By being prequalified, you get a blank check by
FedEx to go shopping with. You can use it to purchase a vehicle
from a dealership or individual.

In either case, you have the advantage as a cash buyer. There
is no question about your credit history, so there is the
incentive for the seller to close the deal. Take this advantage
by negotiating a lower price.

About the Author: Carrie Reeder is the owner of
http://www.abcloanguide.com, an informational website about
various types of loans. To view our list of recommended auto
finance companies online, visit this page:
http://www.abcloanguide.com/autoloans.shtml

Source: http://www.isnare.com

posted by Illusion Technologies @ 4:23 AM 0 comments

Friday, July 20, 2007

Vehicle Finance Loans

posted by Illusion Technologies @ 2:48 AM 0 comments

Wednesday, July 18, 2007

Vehicle Finance Loans

New Lease Car Buying Guide
By Jon Bardill

What is Car Leasing?

Many people are choosing to buy their new car on lease agreements nowadays. This gives you the chance to own a brand new car without the upfront costs of buying a vehicle outright, as you would typically do at a car dealer.

There are many types of car leasing agreements.

Why buy a new car on a leasing scheme? The main reason is that you can spread your payments over a fixed term but start driving your new car straight away. Maintenance charges can also be kept to a minimum depending on the service schedule.

Buying your new lease car on the Internet

Buying over the Internet protects the buyer under the Distance Selling Act. When buying from a car leasing website make sure that the company displays their full contact details such as phone number, fax number and full address (not a P.O. box). The Internet is a very useful tool for comparing prices from different companies, all in the comfort of your own home.

When looking at new lease car prices on the Internet make sure there are no hidden extras and whether VAT is inclusive or exclusive. If necessary call and speak to a representative and ask as many questions as you like – if you are not happy with the answers move on to the next one.

New Lease Car - Advantages and Disadvantages

Pros

• Full manufacturers warranty
• Better safety features
• Owning a brand new vehicle
• Your choice of colour and specification
• Accident free and mechanically sound
• Latest features
• Low initial payment
• Easy options at the end of the deal (you don’t have to sell the vehicle, either hand back or trade in against a new car leasing deal)

Cons

• Cost is higher than a used model
• Depreciation of vehicle is high initially
• Insurance could be higher for a new car
• Early termination can be costly
• Can be costly if you go over the annual mileage agreement
• Must return the car in good condition or penalties will apply

Reasons not to lease a car.

• If you are not sure how long you will need a car or you may be getting a company car in the near future
• Not cannot guarantee that you can meet the monthly payments or have a regular
income
• You have a high annual mileage
• You do not look after your cars
• You do not like to be in debt or owing money

GMC Leasing is an independent car leasing company specialising in personal and business contract hire. We also arrange all other types of finance including finance lease, lease purchase, hire purchase and cash sales. We can finance any make on model new or used.

GMC Leasing can answer any car leasing questions you have – just call free on 0800 655 6005 or visit www.gmcleasing.co.uk

Jon Bardill is the Director of GMC Leasing Ltd http://www.gmcleasing.co.uk where you can find expert advice on car leasing.

Article Source: http://EzineArticles.com/?expert=Jon_Bardill
http://EzineArticles.com/?New-Lease-Car-Buying-Guide&id=367701

posted by Illusion Technologies @ 3:23 AM 1 comments

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