Posted on August 19, 2006 by kevinDon't Get Taken Every Time: The Insider's Guide to Buying or Leasing Your Next Car or Truck Customer Review: A must read Everyone in the US buys a car at some point. Whether it's a new or used car this book tells you how to buy a car the right way. Think of it as an investment. Spend a little for this book, save a huge amount when buying a car. It's hard to say enough about this book. Highly, highly recommended. Customer Review: Don't Buy A Car Without Reading This Book! An incisive look at a dog-eat-dog business. Helps the car buyer through the major pitfalls of purchasing a new or used car which, unfortunately, exist at just about every stop in the car dealership. For car buyers willing to do their homework, there is no reason to get ripped off. Sutton shows you how to arm yourself with some common-sense tactics that almost anyone can use. An amusing sidebar for me was, after reading Sutton's book, was having several salespeople AND managers ask me if I was a former car lot manager. I just smiled inscrutibly and answered that I had 'contacts' in the business.
Posted on July 1, 2006 by kevinBuying A Car With A Bad Credit Record by Roy Thomsitt People with a poor credit record are likely to have as much need for a car as anybody with a good credit record. However, if they want to buy a car, that bad credit blemish may make life difficult for them. Regardless of whether it is your own fault or not, having a damaged credit record will affect the way your application is received if you want to buy a car through a loan. However, it is still possible to get a car loan, even if your credit record is not perfect. In fact, you will find plenty of companies offering loans for any purpose, including car purchase, even for those people with bad credit. As you would expect, however, the worse your credit record is, the higher the interest rate is likely to be, and the fewer the options you are likely to have. Much will also depend on whether you own your own home or not. With a home of your own, in which you have a sufficient amount of equity, you stand a chance of getting a secured loan to buy a car. Such a loan would undoubtedly be cheaper than an unsecured or bad credit personal loan; however, your home would be at risk should you default on the loan, so that is certainly something to take into account. As always with any spending decision when your finances are not healthy, it makes sense to seriously consider whether you really need a new car now, while your credit record is bad, or if you can wait until it has been restored to normal. If the poor record is fairly recent, that can be a bit of a long wait in the UK, though in some states of the US that is less of a problem. In trying to assess if you really do need that new car, you have to take into account the fact that it is a depreciating asset; but then, that will apply to your new car too. What is perhaps more important is the age of your current car and the likelihood of extra car maintenance costs and repairs as time goes on. This is a dilemma most of has faced at one time or another: do we get the car repaired, and keep it going a few more years, or do we cut our losses and sell now, or trade in. Keeping a car going when it has seen much better days can be throwing good money after bad, so it may be that you do need a loan for a replacement car, regardless of your credit status. Once you have made a decision to replace the car and to do so by getting a loan, then it is a good time to work out your monthly budget to ensure you are not going to slip behind with the payments again. try to allow plenty of scope for car maintenance, servicing and repair, as well as for fuel, road and vehicle taxes. To help you get back your good credit rating over time, then it is worth cutting back on your own expectations for a car; it may make sense to get something more modest and cheaper than you would ideally have liked. When it is time to go out and get the actual loan, to buy the replacement car, just make sure you shop around. It is so easy to do online, and you will have many companies to choose from. To keep track, it is worthwhile printing out the relevant pages from the sites on your shortlist. Then, take the details away from the pc and quietly go through them and compare the options. You are more likely to take a detached view if you approach your decision that way, rather than just staying online and hitting the send button impulsively. This debt bad credit car loan article was written by Roy Thomsitt, owner author of the Eliminate Credit Card Debt Now website: http://www.eliminate-credit-card-debt-now.com
Posted on July 1, 2006 by kevinBad credit car loans: getting behind the wheels with bumpy credit by Pamella Scott A car with bad credit, just like any other car, will give you the ride you want. Okay, they might not be served on a platter but if you need a car.... but they are worth the ride. Customers suffer from bad credit circumstances do not mean they are bad people. It only means things happened! And every loan lender that is providing you with bad credit car loans do understand that. With car loans for bad credit you not only get the car you want there are added surprises on the runway. Chances that you are getting Bad credit car loans are extremely bright. Banks, credit unions, finance companies all are providing loans for bad credit. People who would not qualify for bad credit car loans just five years ago can now easily meet the criteria. When a borrower has bad credit, it will be a good start to begin with credit report. Every borrower is assigned credit score based on his performance with previous loans. It is a three digit number that most of the lenders use to evaluate the risk while lending you car loans. Each one of the credit bureaus - Equifax, Experian and Trans Union will have a copy of your credit report. Most lenders use Fico score which ranges from 300-850. Fico score 580 -500 and less means bad credit. This means you are heading for bad credit car loans. Now knowing your credit score is important for many lenders can take advantage of your ignorance. Okays, assuming that you do know your credit score - lets talk about bad credit car loans process. There is not much difference, yet there is a significant difference. Interest rates and down payment is the place where real difference shows. Interest rates with bad credit car loans will be higher as is the case with any bad credit loan. So there is no escaping that. Interest rates for bad credit car loans would vary with credit score and will range from 5%-26%. Down payment depending on the severity of the bad credit can range from 20%-50%. Bad credit car loans are short term loans. A down payment is a good way of negotiating bad credit car loans interest rates in your favour. Even small down payment can open some seriously good options for bad credit borrowers. Bad credit loan term will range from 2-5 years. Extending it further wont be beneficial in financial terms. Not every loan lender will be offering bad credit car loans but there are lenders who are ready to take the risk. You will find many lenders offering bad credit car loans. Therefore, it becomes necessary for you to search. There are many lenders who would make false claims. Look around for interest rates and terms offered. Compare the various bad credit car loans and then opt for the best one. The best way to protect your investments is knowledge. An uneducated lender will always pay more for bad credit loans. First know the real cost of the car you want to purchase and add the dealers profit. This will be the bad credit car loan amount you will be applying for. Make sure you can afford it. Just because you can get bad credit car loans doesnt mean you have to take it. If you have hesitations regarding repayment refrain from borrowing until when financial condition is better. With Bad credit car loans there is an added benefit. Bad credit car loans are a great tool to rebuild credit. If make no faults with your bad credit car loans then they can actually improve credit. Your performance with bad credit car loans is bound to shine in your credit report if it is good. Many borrowers who think that with bad credit they have no options and have to take whatever they are offered. This of course is not true. There are many options available with bad credit car loans. Therefore look around carefully. You will find that the search is worth it. You will save a lot in the long run. Plan ahead when you are looking for bad credit car loans and you are bound to find a bad credit car loan that places you behind the wheels you want. Few identifiers are necessary to identify your kind of loan. An unprepared borrower might find it very confusing to get out of the jargon of loans in UK. .Pamella scott is constantly trying to help you find such a loan service online.To find Secured loans,secured personal loans,secured debt consolidation loans in uk that best suits your need visit http://www.easyfinance4u.com
Posted on May 25, 2006 by kevinGetting a car loan with bad credit can be difficult and often times costs you tons of money in high interest rates. If you are in debt and need a solution, check out www.debtzine.com for some excellent advice. Below are some tips on how to relieve your debt. Consumers overwhelmed by debt may feel that there is no place to turn and feel compelled to rush to bankruptcy to eliminate their debt. However, there are many alternatives available such as debt consolidation, debt settlement, as well as debt consolidation loans, home equity loans or even personal loans, that may provide better alternatives. The first step a consumer must take to resolve their financial difficulties is to truthfully and fully assess their financial situation. Many consumers are unable or unwilling to come to terms with every relevant detail of their particular financial situation. For those of you, there are many consumer credit counseling and debt settlement organizations who can provide needed advice. One such organization on our favorite list is www.DebtXS.com You can click here to fill out a quick one minute form and they will contact you with some recommended options tailored to your situation. These organizations will ask you the appropriate questions needed to obtain information from the consumer to plan a debt relief strategy. Such information includes: - Number of debts - Total dollar amount of debts - Description/types of debt (i.e. secured vs. unsecured) - Consumer’s attitude toward debt - Description of assets - Debtor’s income - Any pending legal actions Answering the above honestly and completely will allow the consumer debt counseling agency or debt consolidator to propose an appropriate remedy. Some agencies may provide credit repair services. Read more at www.debtzine.com Good Luck, Kevin Schappell