http://www.loan.com/car-loans/ Car loans are reasonably short-term lending vehicles designed to help people purchase automobiles. A car loan can come from a number of different lending sources. The sources available can depend on the need for bad credit car loans or used car loans. It is also possible to sometimes refinance car loans to obtain a better deal. This is not uncommon when people make new car loans and discover they can get better terms elsewhere. The cost of borrowing associated with car loans can be impacted by a number of factors. The length of the loan in months, the interest rates involved and the amount of down payment can all affect costs. http://www.loan.com/car-loans/5-car-loan-tips-for-the-credit-impaired.html If you have bad credit, you can use a few car loan tips to help ensure a loan approval. Having less-than-perfect credit doesn't mean you can't get a car loan. It is a good idea to take some time, do some research and make sure you get a good deal on a car loan. 1. Boost Your Credit A few simple changes applied over a few months can increase your credit score. You should plan ahead and start working on your score before you are even ready to purchase your new car. This can save you a lot of... Sat, 19 Feb 2011 03:00:00 -0800 http://www.loan.com/car-loans/3-reasons-a-72-month-auto-loan-is-a-bad-decision.html A 72-month auto loan can be a trap for the consumer. Many experts agree that entering into these loans is an unwise financial decision. Too often, this decision is made in the high-stress, high-pressure environment of an auto dealership. Purchasing a new car can be an exciting and emotional event. Too many consumers do not carefully weigh all of the important factors they should consider. In this situation, many overlook important reasons a 72-month loan is not a good choice for most consumers. Here are some reasons getting this kind of loan is often a bad decision. 1. 6... Fri, 18 Feb 2011 03:00:00 -0800 http://www.loan.com/car-loans/what-is-a-deferred-car-loan.html Deferred car loans often address special circumstances for some borrowers. These loans have a special market that has special needs. Typically, they are targeted toward those who may have income, credit or other financial problems. In some instances, these borrowers may not otherwise qualify for car loans. Also, individuals facing unexpected financial challenges may utilize these loans. In such a case, a borrower may choose to have her loan restructured as a deferred loan to get through a difficult time. Characteristics of Deferred Car Loans A traditional car loan has equal monthly payments over a set period. The total... Thu, 17 Feb 2011 03:00:00 -0800 http://www.loan.com/car-loans/3-tips-about-securing-car-loans-for-pensioners.html Car loans for pensioners may present some challenges. Pensioners may have fixed incomes. They are very often no longer in the workforce. However, these circumstances may not always be disadvantages. Many lenders realize that pensioners could be better risks. Pensions usually are lifetime benefits. Pensioners are no longer subject to layoffs and terminations, and some receive cost-of-living adjustments even when workers are not receiving raises. Therefore, many pensioners have more options than they realize. The key to making a good choice is to consider all the available options. Here are some tips that can assist a pensioner in making... Wed, 16 Feb 2011 03:00:00 -0800 http://www.loan.com/car-loans/7-things-to-know-before-applying-for-a-car-loan.html You are dreaming of owing your own new car and applying for a car loan. Pause to consider the following to ensure that the process is a smooth one and you can get the best deals available in the market. 1. A Key Point Is Your Credit History Any consumer within the United States is entitled to a free credit report. Make sure you check yours to understand the health of your credit score. If you have a bad credit history, then take the necessary steps to repair your credit score since a bad one can adversely impact your auto loan... Tue, 15 Feb 2011 03:00:00 -0800 http://www.loan.com/car-loans/auto-loan-advice-for-first-time-car-buyers.html Auto loan advice for first time car buyers is important. Most first-time car buyers are young and lack experience. It is important to start out on the right foot and make a wise decision. Today's auto loan market offers many choices, that can be confusing to even the most experienced buyers. Here is some advice that can be beneficial to all, but especially to first-time buyers. Research Loans With so many choices in market place, you will need to shop for loans to determine where to find the best deals. Research all of the various options on the internet.... Mon, 14 Feb 2011 03:00:00 -0800 http://www.loan.com/car-loans/car-loan-tips-for-college-students.html If you are a college student looking to purchase a car, then you should follow a few important car loan tips to get the best deal. As a college student you often have limited income and limited credit profiles, so it can be difficult to get a great interest rate. Check Your Credit It is essential to check your credit report before car shopping. Know your score and shop around for the best rates. If you have no credit, or very little credit, it can be hard to get a loan. Try building a short credit history with a secured credit... Sun, 13 Feb 2011 03:00:00 -0800 http://www.loan.com/car-loans/can-i-trade-in-my-car-if-i-am-upside-down-on-my-loan.html You may be wondering, "Can I trade in my car if I still owe money on the loan?". The proceeds you earn in the trade will go to repay the remainder of your loan sum. However, if you are upside down on the loan, you may run into additional costs. In an upside-down loan, the proceeds for the sale are too small to cover the loan balance. You will not be excused from repaying the total amount if you are in a traditional, recourse loan. In this case, you will need to repay the remainder out of pocket. Alternatively,... Fri, 14 Jan 2011 03:04:00 -0800 http://www.loan.com/car-loans/gmac-auto-loan-requirements.html Those who wish to apply for a car loan with General Motors will need to find out what the current GMAC auto loan requirements are. General Motors has a wide range of popular car brands, such as Buick, GMC and Chevrolet, under its umbrella. Fortunately for those who purchase a General Motors car, there is the option to apply for a GMAC loan, which is competitive with loans from other lenders, such as banks. In order for you to apply for a GMAC auto loan, certain information is required to get your loan approved.What Vehicle Are You Buying? In... Sun, 05 Dec 2010 03:00:00 -0800 http://www.loan.com/car-loans/what-are-deferred-car-loans.html Deferred car loans are a type of auto loan that can make your monthly payments more affordable. Here are the basics of deferred car loans and how they work. Deferred Payments A deferred car loan is one that is going to allow you to defer a certain amount of money on your loan until the last payment. This is going to result in a larger balloon payment for you. For example, you could decide to defer five car payments until you reach the last payment of your loan. This is going to lower the amount of money that you... Sat, 04 Dec 2010 03:00:00 -0800 http://www.loan.com/car-loans/the-balloon-payment-car-loan.html The balloon payment car loan is a type of loan that allows you to defer a certain amount of money until the last payment of your loan. Here are the basics of the balloon payment car loan and how it works. Balloon Payment Car Loan With this type of loan, you are going to be able to put off paying a certain amount of money until the end of the loan. At the last payment of your loan, you are going to have to make a much larger balloon payment.  Considerations One of the big advantages of this type... Fri, 03 Dec 2010 03:00:00 -0800 http://www.loan.com/car-loans/what-are-the-requirements-for-receiving-a-bankruptcy-car-loan.html The first thing that you will need to do if you want a bankruptcy car loan is contact your bankruptcy trustee. The trustee is the individual appointed by the court to oversee your bankruptcy process. He or she will decide whether you can purchase a car. The next thing that you will need to do is find a lender that works with individuals with bad credit for car loans. Car dealerships that fit into this category generally allow you to finance "in house" and make your payments at the lot. You will then need to agree to the terms... Tue, 16 Nov 2010 03:01:00 -0800 http://www.loan.com/car-loans/can-you-get-a-car-loan-while-in-chapter-13-bankruptcy.html While in Chapter 13 bankruptcy, it is possible to get a car loan. However, the process is generally not very simple. In order to get a loan, you will have to talk to your bankruptcy trustee. The trustee is in charge of allowing you to get more debt. Therefore, if you want to take on the additional debt of a car loan, you will have to have it approved by the trustee. Then, you will have to find a car lot that is willing to work with someone in your situation. Then you have to find a car that... Tue, 16 Nov 2010 03:00:00 -0800 http://www.loan.com/car-loans/can-you-get-a-private-party-auto-loan-with-bad-credit.html If you are trying to get a private party auto loan with bad credit, you may have a few options. In most cases, you will be able to get a private party loan even if you have a bad credit history. However, you will have to agree to a larger interest rate than you would normally have to pay. In most cases, you will have access to many different individual lenders for this type of loan. Each lender will have different lending criteria that it uses in order to make decisions about who to lend money to. Some are... Thu, 04 Nov 2010 03:02:00 -0800 http://www.loan.com/car-loans/how-should-you-choose-a-company-to-refinance-an-auto-loan-you-got-with-poor-credit.html If you need to refinance an auto loan and have poor credit, you should choose a company that specializes in refinancing poor credit auto loans. Traditional lenders, such as banks, will not likely assist you with a low cost refinance unless your credit score is very high. For this reason, going to high risk lenders will help you get the loan you need. However, it is important to note that these lenders do come with downsides, including high costs and potentially high penalties for late payments. The good news is you will see your credit score bounce back tremendously... Fri, 22 Oct 2010 03:03:00 -0800 http://www.loan.com/car-loans/when-is-a-good-time-to-refinance-an-auto-loan-you-got-with-poor-credit.html Any of the following situations may indicate it is a good time to refinance the auto loan you received with poor credit: Your credit has increased, and you are now eligible for lower interest rates. This increase in credit should be large enough to provide substantial benefits to counter any penalties that may be assessed as part of your refinancing. The national prime interest rate has dropped substantially, leading you to believe the general market rate is very low at the time. You have a significant change in your spending power that would allow you to pay down the... Fri, 22 Oct 2010 03:01:00 -0800 http://www.loan.com/car-loans/what-fees-must-be-paid-when-refinancing-your-car-loan.html The costs to refinance your auto loan will depend on a number of factors, including whether you have solid or poor credit. The lender will take into account the following: Direct or third-party factors--If you refinance directly with your original lender, you may save on fees. Going to a third party will cause your original lender to charge you prepayment penalties. Your credit score--Your credit was a factor when you took your original loan, and it is still a factor on your refinance. Low credit can raise fees. Maturity date--If you are able to pay down your debt quicker,... Fri, 22 Oct 2010 03:00:00 -0800 http://www.loan.com/car-loans/refinancing-your-upside-down-car-loan.html If you want to refinance your upside down car loan in order to lower your payment, you have several options. The simplest is to contact the lender that gave you the loan, and ask to speak with their loan officer, to discuss a refinance. Contact Your Lender Once you meet with the loan officer, they will have you fill out a loan application. They will review your credit rating, employment status, and debt-to-income ratio. Most lenders are willing to work with you, since you may default on their loan if you cannot make your monthly payments. Check Online Lending... Wed, 13 Oct 2010 03:06:00 -0800 http://www.loan.com/car-loans/how-to-find-the-best-used-car-financing-rates.html When you are buying a pre-owned vehicle, you want to find the best used car financing rates available. In the past, your choice of financing was limited to the lenders in your area. Now that many institutions offer online loans, you have a broader range of sources to consider. Online Lenders Many online lenders offer competitive used car interest rates. If you find a lender with a good rate, you will need to complete an online loan application and submit it for approval. Once you have sent your application, you can receive a loan decision in as little as... Wed, 13 Oct 2010 03:04:00 -0800 http://www.loan.com/car-loans/5-important-auto-financing-terms-you-should-know.html If you are in the market for a car, there are important auto financing terms you should know before making your purchase. The negotiation process can be stressful when you do not fully understand what your car salesperson is saying. If you learn some of the basic terminology that is used in the car industry, you can avoid overpaying for your new vehicle. 1. Dealer Sticker Price Every new vehicle has a sticker on one of the windows. This sticker shows the manufacturer's suggested retail price, or MSRP. This is the price of the vehicle before adding costs, such... Wed, 13 Oct 2010 03:03:00 -0800