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car title loan of america
Maximize Your Used Car Loan Savings In 3 Easy StepsBuying a new or used car is almost as bad as going to the dentist. You know that it's going to be expensive, painful, and involve some form of getting screwed. However, getting approved for your used car loan doesn't have to be discomforting by any means. By following three tremendously easy steps, you can save yourself a load of money without ever setting foot on the car dealership's lot.The first step in saving money on your auto loan is to get a copy of your credit report. You can bet money that the decision made by the bank on whether or not your car loan is getting approved or denied is going to be based off of the information contained in your credit report.
By already having a copy of your credit report before filling out a car loan application, you can see what your credit score is and take the appropriate steps needed to boost your credit rating in the event that you have less than perfect credit. Having a higher credit rating means that you are going to get greater car buying power and lower interest rates on your auto loan. This equates to savings of hundreds and even thousands of dollars.
The second step to saving money in car loans is to increase your down payment. Although being able to have a "zero-down" down payment is nice, it is even nicer not to have to finance that down payment money on your car loan. The more money you put down on a car, the less money the bank is going to have to lend you on your auto loan.
The third easy auto loan saving money step is to get pre-approved for your used car loan. Pre-qualified auto loan buyers save money by being able to negotiate better deals on their vehicles. By having the pre-approved power of a lending institution behind you, you can get higher rebates, better value in trade-ins, and lower the overall price of the car you want to buy. Remember the old adage that cash talks. Pre-approved auto loan recipient's cash not only talks, but also saves.
If you get your credit report, increase your down payment and get pre-qualified for your car loan, you can maximize your auto loan savings and negotiate your own terms when purchasing a vehicle. Requesting a credit report is extremely easy. Recent laws have been passed that grant every person at least one free copy of their credit report each year. Take advantage of this opportunity. Arm yourself with this car loan knowledge. Start saving money on your new or used car auto loan.
About the Author Jennifer Harper is author of "Everything Home" and "Money Management for Millionaires." To learn more about how you can save money and get pre-approved on your used car loan today, check out the resources at http://www.car-loan-used.info
More Useful Resource and Updates on car title loan of america
- Customer's complaint about car loan launches fraud probe, deputies say (The Greenville News)
Two men who worked for a Simpsonville finance company are facing criminal charges after a customer's complaint about overpaying on a car loan helped launch a broader investigation that uncovered more than $31,000 in missing funds, authorities say.
- Grayslake used-car dealer accused in scams (Daily Herald)
Consumers and lending institutions were victims of a Grayslake man's scams connected to his used-car operation, authorities said Friday.
- DA: landlord admits to using tenant?s personal info for car loan (Queens Courier)
An Astoria landlord has been charged with stealing the identity of one of his tenants in order to obtain a $32,000 car loan and to open a credit card account that incurred more than $20,000 in debts, including bills for his telephone and EZ Pass.
- Compact Car Sales Booming (WCVB Boston)
U.S. auto dealers watched car sales slide in August for the 10th month in a row, but many believe the slump is ending.
- Money Panel: Home loan better than 403b variety (The Salinas Californian)
QUESTION: In October 2007 I took out a loan from my 403b for $50,000 at 9.25 percent interest. The repayment is through payroll deduction at $462 every two weeks for five years. The loan payments are repaying my 403b plan, including interest, with after-tax dollars. But I understood the repayment would come from pre-tax dollars, because the payments go back into my 403b account. In fact, the ...
- Heat on car finance firm (The New Zealand Herald)
A second-hand car finance firm that collapsed owing $25 million to investors is the subject of an official inquiry.
- Consult a lawyer if you co-sign loan (Bankrate.com via Yahoo! Finance)
Consult a lawyer to clarify your obligations when co-signing a loan, says Bankrate car columnist Terry Jackson.
- Win the Race Against Car Loan Interest Rates (TheStreet.com)
A calculator for car loans shows making prepayments can be an unbeatable investment.
- NADA Used Car Guide Adds "Rough" and "Average" Trade-In Values (The Auto Channel)
McLean, VA September 5, 2008 - NADA Used Car Guide has introduced two additional trade-in value categories to help businesses better define used-vehicle pricing for a broader spectrum of vehicles.
- Amazon.com: auto car title loan
Why America fights the Axis of Evil: A list by ... "auto car title loan" Showing ... Catalogue of Albany\'s Bicentennial loan exhibition, at the ...
- Car title lending: Short-term fix with long-term expense (Page 2 of 3)
Rod Aycox, president of Title Loans of America, defends the practices in his 200 ... into believing that title lending is a harmless loan that they've used ...
- Car Title Lending
Most title loans are also made for much less than the value of the car that secures the loan. ... Community Loans of America acknowledges that for most title loan ...
- Consumer Federation of America : Press Release
... get a title loan, borrowers sign over the title to a paid-for car and, in some ... out an extensive set of legal protections that should apply to car title loans. ...
- Driven into Debt:
... Consumer Federation of America, "Car Title Lending: Driving ... Loans of America states, "This is not an auto title loan – this is a consumer finance loan, ...
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