Welcome to Sports Car Magic
Title Car Loans Article
This is a selection made from among articles on Title Car Loans. For a permanent link to this article, or to bookmark it for future reading, click here.
Tips on Getting a Used Car Loan
from: Sports Car MagicYou're looking to own your dream car, but your finances won't allow you to get behind the wheel of a brand new vehicle. So you've decided to go for a used and a loan option.
Here are some basic rules you should follow when getting a used car loan:
Set Your Price Range
Sit down and do some calculating. Figure out the sum total of all your other financial commitments including your mortgage/rent, food, utilities, and credit cards and whatever is left over from your income is the amount you have to work with when buying your used car.
Don't forget to add car maintenance costs including gas and insurance so you have a ballpark amount you can comfortably pay for the used car loan you're planning to apply for. A good rule is allow about 20% of your monthly income for your car expenses.
Once you have your budget worked out, make sure you stick to it and don't overspend.
Review Your Options
Once you have your budget set, it's time to decide where you can obtain a used car loan.
* Bank, Dealer or Person-to-Person? Borrowing from a bank isnt't your only option, since they may not lend you money for a used car more than a few years old.
Another option is to check online lenders who may be cheaper. There are lots of web sites offering a loan calculator. Just sign-up online and they will send you price quotes.
A third and sometimes the best option is dealing with a person directly. You may want to check out used car dealers within your area. This way, you can ask lots of questions about the financing of the car loan. Dealing with a person directly also allows you to work out the details like deposits and monthly installments.
Research and Do Your Homework
Now that you've determined your budget and where to you'll get a loan, it's time to choose the car you want to drive home. Consider your own needs, and your family's -- if you have one -- and get a car that fills that need.
Choose
Check out what you need to know about the vehicle you're planning to own, considering the speed of the car, the model and the price. Once you've narrowed down your choices, in no time you'll be driving home behind the wheels of your family's new car.
Title Car Loans News
Israel and Hamas study Gaza ceasefire - Financial Times
Israel said it would study an Egyptian ceasefire plan as its government on Wednesday also prepared to consider an escalation of the 12-day offensive that would push troops deep inside Gaza’s cities and refugee camps. The Egyptian proposal emerged ...
Read more...Lenders Find Loopholes Around Virginia Law Limiting Payday Loans - FOX News
RICHMOND, Va. -- Some of the nation's most sweeping reforms on payday lenders will take effect in Virginia Thursday, but some short-term, high-interest lenders are getting around the new law by offering different types of loans. Legislators ended ...
Read more...GMAC To Share Car Loans - The Ledger
GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors financing incentives, as part of the complex deal that gave the troubled lender billions in federal aid. The move could ...
Read more...N.H. caps rates on payday loans - Boston Globe
CONCORD, N.H. - New Hampshire is giving payday lenders the gong as it rings in the new year. A law that takes effect today caps the interest rate on small loans at 36 percent a year, which the industry has said will put it out of business. Payday ...
Read more...GMAC Makes It Easier to Get a Car Loan - Herald Tribune
GMAC said it would begin making loans immediately to borrowers with credit scores of 621 or higher, a significant easing from the 700 minimum score the company started requiring two months ago as it struggled to stay afloat. And G.M. said it would ...
Read more...Payday lenders skirt new regulations - Hampton Roads Daily Press
RICHMOND - Some of the nation's most sweeping reforms on payday lenders will take effect in Virginia today, but some short-term, high-interest lenders are getting around the new law by offering different types of loans. Legislators ended three years ...
Read more...Payday reforms in effect - Martinsville Bulletin
RICHMOND (AP) — Some of the nation’s most sweeping reforms on payday lenders take effect in Virginia today, but some short-term, high-interest lenders are getting around the new law by offering different types of loans. Legislators ended three ...
Read more...Automakers Fear a New Normal of Low Sales - The Ledger
DETROIT — The historic collapse of the new-car market dragged on in December, raising questions of whether the auto industry will ever again have sales levels that it took for granted just a few years ago. The across-the-board decline of 35 percent ...
Read more...Payday lending rate cap among new laws in NH - Forbes
Payday lenders typically charge $20 per $100 for two-week loans backed by the borrower's car title or next paycheck. That amounts to 1.43 percent interest per day, an annual rate of 521 percent. The cap translates to a daily interest rate of about 0 ...
Read more...New Year Brings New State Laws - WMUR.com
A law that takes effect Thursday caps the interest rate on small loans at 36 percent a year, which the industry has said will put it out of business. Payday lenders typically charge $20 per $100 for two-week loans backed by the borrower's car title ...
Read more...