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where can i get rates from banks for a car loan
Logbook Loans: Loan Based On Your Car
Log Book Loans are established as the innovator of secured vehicle finance. So, what exactly is a log book loan? The logbook loan requires the borrower to keep the logbook with the lender until the loan amount has been repaid in full.
Logbook is the document issued by Driver and Vehicle Licensing Agency (DVLA). Logbook has several entries about the vehicle relating to the current registration mark, VIN number or the chassis number, and details about the registered keeper of the logbook.
Logbook loans are the easiest way to get money by keeping logbook as security. As, Collateral for logbook loans is the logbook of your car. Anyone who has logbook loans registered in their name is eligible for logbook loans. Depending on the lender and the vehicle, the amount of logbook loans can stretch to larger amounts. Logbook loans are available for amounts ranging from 500-50,000.
For getting logbook loans approved the car or vehicle must be ideally less than 8 years old. Along with that the logbook must be in the name of the borrower, regular income and there must be no financial claims on the vehicle. All the Taxes and insurance due on the vehicle must be paid in full before the vehicle logbook is pledged for logbook loan.
While the car or vehicle may continue to be in possession of borrower, it is the logbook that is kept by loan provider for the period until which loan is repaid. However, borrower cannot save himself from the obligation to maintain the vehicle in good condition.
Logbook loans are secured on the logbook of the borrowers vehicle therefore logbook loans is that it does not involve credit check. So, whatever may be your credit rating you need not worry, you are eligible for a logbook loan if you meet the above criteria. Problem cases such as people who have faced CCJs, bankruptcy can also apply for this loan.
You can take logbook loan for purchase of assets and consumer durables, to buy a washing machine or renovate your house, tax saving investments, higher education, vacations, emergency medical needs...in short, for any declared legal use.
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More Useful Resource and Updates on where can i get rates from banks for a car loan
- Local lenders see jump in car loan defaults (Baltimore Examiner)
Pay the mortgage, buy food, keep the lights on. For Americans hit hardest by the economic crisis and facing an impossible choice of which bills to pay, these come before car payments, ratcheting up rates of defaults on auto loans.
- Car sector hits the skids as economy struggles (AFP via Yahoo! News)
Car sales plunged by their fastest rate for nearly 30 years in November, data showed Thursday, as the industry became the latest sector hit by the global slowdown.
- Kia of La Quinta Closure Puts New Car Owners in Corner (KESQ Palm Springs)
La Quinta resident Christine O'Kelly loves her brand new Kia Sorento but now wishes she'd gone elsewhere to get it. She bought the vehicle in October at Kia of La Quinta for around $16,000 after a rebate. She owed $8,000 on her old car, which was worth about $4,000.
- Car sector hits the skids as economy struggles (AFP via Yahoo! Canada News)
LONDON (AFP) - The car industry has become the latest sector hit by the global slowdown, as figures Thursday showed new vehicle sales plunging at the fastest rate for nearly 30 years.
- We'll work for $1 a year, say US car bosses (ABC via Yahoo!7 News)
The bosses of America's two biggest car companies are promising to work for just $1 a year if the US Congress gives them access to a $US25 billion ($38.84 billion) loan.
- Expert: Automakers' bailout would save jobs, not help car loans (KTAR 92.3 Phoenix)
A financial expert says a multi-billion dollar bailout for the big three auotomakers would not help the "average Joe" buy a car, but would trickle down to help taxpayers in other ways.
- Will lame ducks decide car industry's fate? (MSNBC)
A defeated and retiring group of Republican senators, one-tenth of the chamber's membership, may be the decisive voting bloc on the proposed automaker bailout loan.
- Dealers prefer easier approvals to cheaper loans (Business Times (Malaysia))
PROTON car dealers say they prefer easier loan approvals rather than cheaper loans to help drive sales. "The cheaper loan should not be at the expense of an easier loan approval.
- LI car dealers react to Big 3 bailout (Newsday)
In a region where car dealerships are king, those in the business point to myriad reasons for the ailing domestic industry.
- Local dealership reacts to auto industry loan plan (WINK TV Southwest Florida)
Car dealerships don't expect to find a check in the mail if the government goes ahead with a loan to the U.S. automakers. Without it, however, they say their businesses, employees, and ultimately their customers would suffer.
- Auto FAQ
Where can I get basic, straightforward car-shopping advice on the web? ... The credit union's loan rate is lower, but other financing gives me lower ...
- Auto FAQ's
Where can I get basic, straightforward car-shopping advice on the web? ... The credit union's loan rate is lower, but other financing gives me lower ...
- First National Bank - Rates
... for IRAs. * No brokered money or public funds. Car/Truck Loan Rates ... For current Fixed Rate Home Equity Loan rates, please e-mail loans@fnborrville. ...
- Banks vs. thrifts vs. credit unions - AOL Money & Finance
Generally, they have had better car loan rates than banks and thrifts. ... unions may not offer as many services as you can get at a large bank or thrift. ...
- Consumer Action - Where Can I Get Credit? [English]
... the loan by putting up some personal property (such as a car or your home) ... and unsecured loans, and often have lower interest rates on loans than banks. ...
- Auto FAQs
Where can I get basic, straightforward car-shopping advice on the web? ... The credit union's loan rate is lower, but other financing gives me lower ...
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