Used car loans - An overview
- Date: 2007-01-25 - Word Count: 396
Share This!
Life without a car is simply unimaginable. Many go for a brand new car. However, for some, a brand new car straight out of a showroom is not important. Some people look at buying a new car as value loss, because the moment one drives his brand new car out of a showroom, value depreciation happens to his coveted investment. These days, most of the used cars are those that have been seized from defaulters. Defaulters are people who do not repay their car loan in time. So, one may actually get a really good deal or virtually a brand new car.
Earlier, car loans for used cars were not easy to come by. Nowadays, loans to purchase used car - used car loans, - are easily available with many loan companies. However, the credit market is like an ocean... Without proper knowledge, one may spend more money than he should when buying a used car. Hence, it is important to have at least a general overview of how one can save money when buying a used car.
1. One should go for a used car that is one or two years old, as it will not only save money but will also ensure that it has most of the same features as the new one of the same model
2. One should avoid trading-in his old vehicle, as selling it privately will get him more money than if he trades it in.
3. One must negotiate financing terms, final price and the trade-in value separately to ensure that one gets the most for his money
Used car loans come with affordable terms and conditions. As the car itself is given as security, the interest rates are down with flexible repayment options. However, one must shop around to avail the best possible deal. Getting a number of quotes from a number of dealers enables one to negotiate for the most favorable one. A through knowledge of the car loan market will impels the dealer to offer a fair deal. Above all, never buy in a hurry...
About The Author: The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in business administration and is currently assisting ecar-loans as a finance specialist.
For more information about Used car loans please visit at: www.ecar-loans.co.uk
Earlier, car loans for used cars were not easy to come by. Nowadays, loans to purchase used car - used car loans, - are easily available with many loan companies. However, the credit market is like an ocean... Without proper knowledge, one may spend more money than he should when buying a used car. Hence, it is important to have at least a general overview of how one can save money when buying a used car.
1. One should go for a used car that is one or two years old, as it will not only save money but will also ensure that it has most of the same features as the new one of the same model
2. One should avoid trading-in his old vehicle, as selling it privately will get him more money than if he trades it in.
3. One must negotiate financing terms, final price and the trade-in value separately to ensure that one gets the most for his money
Used car loans come with affordable terms and conditions. As the car itself is given as security, the interest rates are down with flexible repayment options. However, one must shop around to avail the best possible deal. Getting a number of quotes from a number of dealers enables one to negotiate for the most favorable one. A through knowledge of the car loan market will impels the dealer to offer a fair deal. Above all, never buy in a hurry...
About The Author: The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in business administration and is currently assisting ecar-loans as a finance specialist.
For more information about Used car loans please visit at: www.ecar-loans.co.uk
Related Tags: unsecured car loans, car loans, low rate car loans, bad credit car loans, cheap car loans, personal car loans, new car loans, used car loans, car loan, secured car loans, online car loans
Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are
