http://www.dealsteps.com/archives/2877 Your Guide to Accomplish a Deal Thu, 29 Mar 2012 15:00:49 +0000 hourly 1 http://wordpress.org/?v=3.1.2 http://www.dealsteps.com/archives/2877/comment-page-1#comment-4219 mikalob092 Wed, 07 Sep 2011 17:33:07 +0000 http://www.dealsteps.com/archives/2877#comment-4219 Here is an article http://wiz.sc/Loans with some information on loan options and the best plans. Here is an article http://wiz.sc/Loans with some information on loan options and the best plans.

]]> http://www.dealsteps.com/archives/2877/comment-page-1#comment-4218 mscarlybobarlysmom Wed, 07 Sep 2011 16:36:09 +0000 http://www.dealsteps.com/archives/2877#comment-4218 Capitol One Auto finance seems to have the best rates - Make sure you understand that most of the time "higher rates" are not particularly similiar to say a mortgage loan so don't get scared right off the bat, but try to have a goal of when you want to pay the car off if you buy instead of lease. Leasing gives you the option for a lower rate with little or no money down, but you walk away with nothing in the end. Purchasing a car can work like a lease (lease with option to buy-so your money isn't just wasted) Also look into GMAC - they are competative with their rates, but they own a lot! They not only finance car loans, but mortgages too (ditech) Most of the time, American Cars under a loan have higher interest rates than foreign cars and harder to get if your credit is average. That's the #1 rule of thumb before you do ANYTHING, check your credit score!!!!! and know what you might be walking into before you go for any loan and watch for the end of signing loop holes (which make the rates increase for minor reasons @ signing) Anyone will give you the loan, just WATCH the fine print (Experience talking here!) Also, look for first loaner options, rates can be better for the first time buyer, find an independant loan company through the dealership. Once you go outside the dealership to get a loan, you'll get bombarded with everyone offering you the moon and stars. Don't rush into anything, not matter how much you WANT the car. Good Luck Capitol One Auto finance seems to have the best rates – Make sure you understand that most of the time “higher rates” are not particularly similiar to say a mortgage loan so don’t get scared right off the bat, but try to have a goal of when you want to pay the car off if you buy instead of lease.
Leasing gives you the option for a lower rate with little or no money down, but you walk away with nothing in the end.
Purchasing a car can work like a lease (lease with option to buy-so your money isn’t just wasted)
Also look into GMAC – they are competative with their rates, but they own a lot! They not only finance car loans, but mortgages too (ditech)
Most of the time, American Cars under a loan have higher interest rates than foreign cars and harder to get if your credit is average.
That’s the #1 rule of thumb before you do ANYTHING, check your credit score!!!!! and know what you might be walking into before you go for any loan and watch for the end of signing loop holes (which make the rates increase for minor reasons @ signing) Anyone will give you the loan, just WATCH the fine print (Experience talking here!)
Also, look for first loaner options, rates can be better for the first time buyer, find an independant loan company through the dealership. Once you go outside the dealership to get a loan, you’ll get bombarded with everyone offering you the moon and stars. Don’t rush into anything, not matter how much you WANT the car.
Good Luck

]]>