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Did you know that you can get better car loan terms from independent and stand alone companies that are not attached to any specific institution or brand?
Authentic car dealers and franchise owners would not be able to offer you such terms since they would depend on your credit score and also work closely with reputed banks and other financial institutions. Moreover, their business model works such that they are able to make better returns on car financing rather than pure car sales.
One good way to save money on the car loan is to get it at a rate of interest that is quite low. That can be done by offering your home as equity or collateral against the car loan. Not only do lenders find this suitable for them, you can also deduct the interest amount from your tax liability. Of course, you need to ensure that the tenure of the car loan does not exceed 36 months as anything longer would be counter productive.
If however, you cannot avoid a longer tenure, then you need to opt for the fixed-home rate car loan. In this arrangement, the rate of interest is low and fixed as well as long as you are regular with your repayments.
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Important to fix up your car finance
Jul 27 2010It is quite strange that people wanting to buy a new car are more concerned and conscious about the model they want to buy and the features rather than how are they going to arrange for its finance.
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Ideal time to take car finance
Jul 26 2010The economic situation within the US looks like it is improving but the situation within Europe is far from comfortable.
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Criteria to be fulfilled when availing car finance
Jul 26 2010It is natural that lenders expect those seeking car finance to fulfill certain criteria and these are mentioned in the form they are required to fill when they make that application.
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Car finance preparation
Jul 25 2010Whether it is a new car or used car that you wish to purchase, you would do well to make use of car finance schemes that are on offer.
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Avail car finance even with bad credit
Jul 25 2010If your bad credit report or score is bothering you and you feel apprehensive about getting access to car finance, then you can relax because you can get auto loans without anybody checking up on your credit.
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UK Business Secretary Supports Car Finance Industry
Jul 23 2010Twickenham MP and business secretary Vince Cable has announced to delegates of the society of motor manufacturers and traders limited (SMMT) that motor industry is the backbone and balance to the UK’s economical strength.
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Car Finance Still Available Despite Debt Still Rising
Jul 19 2010The recent recession has hit many UK citizens extremely hard, leaving many house owners, car owners and businesses in a desperate struggle for survival and with very little disposable income.
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Valuation of your used car
Jul 19 2010While it is a very pleasant and thrilling experience to buy a new car, many people find it tough to understand what to do with their old one.
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The used car trade-in decision
Jul 19 2010Having decided to go in for a new car, you are faced with the decision of what to do with the current one.
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The final negotiation
Jul 18 2010Having assessed the value of your car and decided on the brand and model you wish to buy, it is time for the final negotiation.
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