Dec 07, 2007 by flyboy711672005 | Posted in Buying & Selling
I need to get a car loan really soon, and I wanted to know... what should agood interest rate be on a used ride... say 06'?
It will really depend on your credit score as well as the loan circumstances. In addition, certified pre-owned vehicles will tend to have the best rates. Pontiac even offers 3.9% on certified used cars, however if you go through an outside lender, then
The Auto Evaluator™ | Dec 10, 2007
Save up and pay cash. Keep the interest in your pocket.
johnny b good | Dec 07, 2007
what's a good used car loan rate for about 20k on a used car? ?
Jan 08, 2009 by C 1 | Posted in Buying & Selling
ive heard of people getting as low as 0.9%! and im talking 60 months... during these tough times for the auto industry, what is considered a phenomenal or great rate on a used car loan?
No way are you ever going to get a 0.9% rate on a used car. You are confusing new-car promotional rates with used car rates. The national average used car rate for 60 months is 6.78% (Bankrate.com) and that's only for people with a great credit score
peterthegreat | Jan 08, 2009
used car Loan rate caLcuLator Loan repayment for nurses
Every business has some targets to achieve. For this the entrepreneurs need to have expertise and sufficient amount of capital to finance the ...
Making Low-Interest Auto Loans Work
17.08.11
“Educator,” from Maine, answered that question: “I am glad many of our readers have learned to be carfree. But living in rural areas may mean being close to mom — babysitting — and cheap trailers ($200 a year property tax vs. $1000 a month rent in the city), and many jobs are in rural areas — clerking in a store, waiting on table, working in light manufacturing, being a teacher’s aid in a school. None of these pays over $20 K.”
Recent studies agree with “educator,” and have found that owning a functioning car is key to finding a job. This article quotes research by Evelyn Blumenberg, professor of urban planning at UCLA, which found that residents of Los Angeles’s Watts neighborhood who owned cars could access 59 times as many jobs as those without cars. And mass transit seems to provide better access to high-skill jobs than to middle- and low-skill jobs, according to a recent report by the Brookings Institution — leaving lower-paid workers more dependent upon cars.
Creator: Editors of Consumer Reports | Reference - 2005-02-15
Five keys to getting the best loan rates Auto loans are relatively easy to get.
First, lending institutions have some assurance they'll get their money back ...
Creator: Hubert Bromma, Lisa Moren Bromma | Business & Economics - 2009-11-07
In the past, used-car business owners got their financing to buy cars for ...
Auto Pawning at Very High Interest Rates Another way to buy car loans is ...
In that case, try to get an idea of the market value of your old car. ... rates
soared to unprecedented heights a few years ago, auto-loan rates have become ...
Used Car Loan Rates – Few Tips To Help You Find The Loan That You ...
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There are thousands of lending companies offering used car loan rates; therefore, finding the best used auto loan rate is not that hard. However, if you are in the market searching for used auto finance to buy a used car, you need to learn about used auto loans and how to shop for one. Take Your Time Your goal is obviously to find the best car loan. By best used car loan I mean one that has low interest rates plus favorable repayment plan. To find the best automobile loan you need to invest some time in the process. As a rule you should not go for the first lending company that is offering you car refinance. Compare Make a list of several lending companies offering second hand car loan rates. Then check out their policies, reputation, years in business, and the rates they are offering. It helps to get quotes from each company. By comparing you will realize where each company stands and you will be able to make a sound decision. Furthermore, always keep in mind that the rates offered by the company are not fixed. You can always negotiate to bring them down. Down Payment Now let us say that you have found the lowest used auto loan rate; however, if you want you can bring the rate further down. You can do this by offering a larger down payment on the car. The larger the down payment the lower the interest rate on the finance. Larger down payment also means you will be saving more because you will not be paying that much interest. Those who have bad credit can choose to go for larger down payment to bring down the auto loan interest rates. Larger down payment means that the lender is taking less risk, which means low interest rate for the buyer. Another point that you must understand is that what is the right used auto finance for you will depend on your financial condition. Those who have more financial resources at their disposal usually go for car loan rates that have shorter terms; however, shorter term means higher interest payments. But they are okay with this because they want to own the vehicle fast and their financial condition allows them to do so. On the other hand, those who are on a strict budget can go for auto loans with longer terms and lower rates. As a buyer looking for used car loan rates the above information will help you find the right finance for you. Knowledge about used car loan rates will help you find the right one for you. Whether you are looking for low rate car loan to buy a used car or refinance auto loans , it always helps to be prepared.
Whether you act quickly to get a new car, or put off the purchase hoping for a slower interest rate increase, is a judgment call, but new or used car buyers can always benefit from knowing the current financing situation, and the greater economic
Recent news from BusinessWeek shows American auto loan delinquency rates continuing to drop, which is good news for consumers and families who want to make an upgrade and shop for new or used vehicles at a local dealer's lot.
One reader, Bruce Daggy, wrote me wondering how people like himself, who are looking to invest their savings at better than bank rates, could “invest” in a fund for low interest auto loans for people like Tammy Trahan (see last week's column).
Interest rates tend to be higher to make sure the full value is covered. He said he's seen used car rates varying from 5 to 6 percent. New car values are more concrete, hence the lower interest rates. Krepsky said some manufacturers offer a 0 percent
This is why rates on car loans, like mortgages, on the whole are pretty attractive right now. Unlike mortgages, there's a lot more variation in car loan rates. Not all lenders securitize auto loans, meaning they don't bundle them up and sell them off