Tips to Speed up the Approval for Auto Loans
Are you interested in auto loans or have you availed one of late? Do you know that you might be simply wasting away thousands of dollars without even realizing it? Take note: if the APR for your car loan is more than 3%, you should seriously think about getting a car loan refinance. Even those who are getting decent APR auto loans should consider refinancing, just because of the amount of money you can save through refinancing. Read more
New Car Leasing Tips
The leasing company can be a bank, the car dealer, or a car manufacturer like Ford Motor Credit. The selling price to the leasing company is often called Capitalized Value, or Gross Cap Cost. You can reduce your monthly lease payments by reducing the cap cost. This is called cap cost reduction, and can be accomplished by haggling a lower selling price, and by putting down cash to reduce the cap cost. Your monthly lease payments when leasing are lower than your car loan payments would be when buying the car, because you are paying off only 50% of the car’s value on a lease, and paying off 100% of the value on a car loan. In an auto lease you are only paying for approximately 50% depreciation + interest, but at the end of a 36 month lease you have no equity in the car, you’ve paid hundreds in useless in dealer acquisition and disposition fees, and now you have to do it all over again on your next lease. Read more
How to Finance Your Dream Car?
Life is on the wheel nowadays. Finance companies have made it viable almost for everyone to avail the means of transportation one like. In this prospect, money market has come up with the concept of cheap car finance. With the concept, availing car of one’s dream has become very easy and convenient. Read more
