Posts tagged ‘car loan rate’

Getting a Low Rate Loan


Locating the lowest rates on car loans is only elusive when the consumer does not know where to look. A dealer has to compete with other dealers by offering the best lending packages possible. Purchasing a car or truck at the right time can improve your chances of getting the lowest car loan rate. Most experts suggest shopping for your new car in the fall. The new models are arriving and dealers are anxious to clear out the old stock to make room for the new inventory. Several other factors need to be considered when searching for the best financing options.


Before shopping for a new vehicle, you really have to take an honest look at your finances. Buyers should know how much money he or she can realistically afford. Yes, it is common knowledge that Americans tend to over-extend themselves. Thus, the financial disaster currently facing the entire country. Over-extending is not limited to private individuals. It is also common knowledge that paying cash is always the best way to go. Lending institutions make their money on the interest they charge for extending credit. When no credit is required you save money!


But, chances are you can not plunk down the full amount, that is how financing got started in the first place. Ford and others like him wanted to sell their products, but the average citizen did not have the cash to pay the full amount. They had a steady income, so credit was granted! Times have not changed much since then. The fundamentals are the same only the rules have changed. You no longer need a steady job, a regular income or even a good credit history. But, if you want the best rate, then these factors become more important than anything!

Lenders Want Your Money

Right now cars are selling for less and lenders are willing to do just about anything to get your money. So, if ever there was a time to get a car loan at a low rate, now is the time!

Instant Car Loan Tips

Are you searching for low interest rates? If so, you may have been sucked into ‘low interest car loans’. These are not as good as they sound. Refinancing might be the better answer. You could save yourself quite a few bucks.

By refinancing an auto loan there are several benefits, especially in a financial crunch. You might be able to secure a lower interest rate, or maybe lower monthly payments. And by refinancing your loan you may be able to pay off your debt sooner because you won’t be restricted by undesirable terms!

When Should One Refinance?

You may want to refinance after finishing up the following terms:

Have a look at your most up to date credit report. If it looks good it will aid immensely in permitting you to get the optimum in a car loan rate. Have another close look at your present loan agreement to see the amount of the rate of interest you have been paying. If you see that the loan terms have been affecting your ability to pay off the existing loan, then you might want to rethink getting some refinancing at a lower rate of interest and better terms.

This should allow you to be able to conduct monthly savings in the right way in your next refinance deal. A refinanced car loan will also greatly improve all your credit.

If you have struggled in the past with bad credit, alternative auto financing may have been out of your reach during your negotiations. Now you can get a better refinancing deal because you have built up a bit of good credit history and increased your credit score.

With a little homework and knowledge of your credit rating you should be able to find some really good deals on interest rates and auto financing!

Simplified guide in calculating a car loan rate

The car loan

Car buyers guide in getting the lowest car loan rates

Buying a vehicle is an exciting experience but getting the lowest car loan rates to finance the vehicle would further make the experience more exciting. However, finding the right car is most of the time difficult since there are many car models offered on the market. The good thing is that getting the best car loan rate is easy to obtain. This article provides some tips that you can consider before going to the dealership.

Check your credit report

The best way for you to increase the chances of getting the best loan rates is checking your credit report. You need to examine the entries included in it to see if each of these is correct. This is important since most lenders base their calculations of the interest rates of your loans with the credit report. Do not hesitate to correct the wrong entries included on the report. You can also provide justifications of these incorrect entries when you go to the lender to apply for a loan.

In case the report shows that your credit score is low, make sure to improve this by looking upon your unpaid premiums. Paying your old dues improves your credit score therefore making you a lesser risk customer. This will not only affect the interest rate you get form auto loans but also the other loans that you wish to obtain.

Search for more financing deals

Searching for more financing deals helps you choose the offer that has the best rates included in it. You can do these by looking upon the available loan deals offered online. Using the internet also allows you to determine the offers solely offered for online applicants. These loan offers most of the time involve lower rates compared to those offered by banks and other credit institutions.

You can also check the loan rates offered by banks, credit unions, and dealerships. Compare their rates with those that you obtained from the internet.

New car loan rates: Knowing its ups and downs

New car loan rates have downsides and benefits that car buyers like you needs to fully understand. Knowing the possible risks that you might encounter upon dealing with these rates allows you to prepare for it. You can also take advantage of the benefits that new car loan rates provide once you are able to identify some of these. To help you gain a full understanding of these things, this article included some the ups and downs of new loan rates and these are written below.

Advantages of new car loan rates

  1. One of the important advantages brought by loans for new cars is its capability to provide you with the needed amount to purchase a vehicle. This set-up is better compared to purchasing a car on a cash basis because instead of paying for the car

How to obtain low car loan rates

Obtaining a low car loan rate from lenders is easier if you are qualified and by following some of the simple guidelines included in this article.

Tips to obtain low car loan rates

  • Before searching for low car loan rates make sure to obtain the latest copy of your credit report from one of the three leading credit reporting agencies. The credit reporting agencies are Experian, Equifax and Trans Union. These agencies would provide you with free credit report once each year. You can obtain this report from Bear in mind that in order to qualify for lower car loan rates your credit score should be 680 or even higher.
  • Bear in mind you that you would obtain a lower car loan rate if you choose a loan with shorter loan term. For example, your interest rate would be lower in case you choose to finance your vehicle within 36 months instead of financing it within 48 months.
  • You might also reduce your loan rate if you would allow the financing company to withdraw the amount of your car payment automatically each month. Although this might not be a huge discount, it allows you to save hundreds of dollars in the long run.
  • Try to qualify for a loan from a prime lender instead of getting it from a sub-prime lender. Prime lenders usually offer lower car loan rates compared to sub-prime lenders. Start your search by checking reputable websites such as, and
  • In case you want to obtain financing from a dealer do not hesitate to negotiate. Make sure to about the existing car dealership incentives, discounts and rebates. Since most dealers are motivated by the idea of being able to sell the car, you might end up paying lesser amounts in the long run by negotiating.
  • Try to provide a down payment of at least 20 percent of the vehicle

How to obtain cheap car loan rates

Individuals who want to buy cars are always searching for cheap car loans. This is because a cheap car loan allows you to end up paying lesser amounts for the vehicle. Due to this, the savings could turn into a greater amount of money after several years. However, getting a cheap car loan depends on several factors. These auto loans rates are sometimes difficult to find, but there are certain procedures that could help you find one. Some of these procedures include the following:

Step 1: Know your credit rating

Always bear in mind that your credit rating has something to do with the loan rates you obtain. This simply means that when your credit rating is higher, it would be easier for you to obtain a cheap car loan. In order to know your credit rating, obtain a copy of your credit record from one of the three agencies handling it.
Look at the items included in the report and make some queries on items that you think are not correct. You need to do this before applying for a car loan for this allows an ample time to correct the problems in your credit report. Also make sure you have no other loans that are considered overdue. As soon as you know that your credit report is in order, you can now start looking for a cheap car loan rate.

Step 2: Do an extensive research

Before doing your search, make sure to arm yourself with some important facts. Figure out how much you are willing to spend and how much down payment you can afford. In case you don

Useful tips to obtain an excellent auto car loan rate

Excellent auto car loan rate is offered by lenders to qualified applicants only. In case you are qualified for the requirements they place in order to get these rates, you should take advantage of this. Excellent car loan rates allows you to save money from the car purchase and at the same time helps you pay the loan off on time. However, you also need to consider some tips in obtaining these rates. This article provides you with the useful tips to help you secure what you been looking for from a loan deal. These tips are as follows:

1. Know your credit history

Knowing your credit history as well as the credit score you possess helps you to determine whether you qualify to obtain the best auto car loan rates or not. Lenders most of the time use the loan applicant

Useful tips in checking the current car loan rates

Knowing the current car loan rates available in your present location is important. It allows you to have a clear idea on the amount that you would paying in case you obtain a loan to finance your new or used car purchase. This is also important since interest rates placed on loans vary from one place to another. Besides this, your credit score as well as the loan terms have greater effects on the amount
You pay each month.

Knowing the current loan rates for cars might be confusing and a bit hard if you have no idea where to look for it. However, this old problem is resolved by using the internet. This article provides you with specific sites where you could check the latest car loan rates and these are written below.


One of the most dependable sources of information about the current car loan rate is It has been providing the most accurate interest rate for car loans since 1994. The site also provides updated interest rate since it monitors the day to day activities that are happening on the car sales industry.

In addition to this, allows you to make a localized search of the rates in your exact area. All you need to do is provide your current state and city. However, to make your search more convenient, you can use the zip code in doing the localized search.


Another source of information when it comes to current car loan rates is This site first emerged as

How to make a comparison of different car loan rates

Making a comparison of different car loan rates allows you to find the best loan deal. Knowing whether a loan offer is affordable or not helps you save money.

Factors used by lenders to calculate car loan interest rates

There are many factors that most lenders use in calculating car loan interest rates. This makes the interest rates one of the aspects of a car loan that is difficult to understand. However, you can somehow obtain a rough estimate of your car loan rate by knowing some of the factors used in the calculation. This article provides some of the factors used in the calculation. This includes the following:

Credit history

The borrower

How to obtain the best car loan rate by refinancing

Written by
Categories: Auto Refinancing

Once you are stuck in an expensive and you failed to obtain the best car loan rate on your first loan, you can probably get out of

Car loan rate: How to compare auto financing and obtain lower rate

Written by
Categories: Auto Loan Rates

The car loan rate offered by lenders is important in knowing the interest of the loans they provide. You need to examine the rate involved in order to determine the amount of interest that you would be paying. In order to obtain the lowest loan rate you also need to learn how to compare loan quotes. Besides this, can also use the tips included in this article to avoid getting an expensive loan.

Tip number 1: Secure an affordable loan rate

Car buying is a great experience so you need to avoid possible financial complications. Secure a loan which involves payments that you can handle. Don