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| Thread ID: 66552 | 2006-02-27 02:23:00 | Car Loan | learning (5137) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 434144 | 2006-02-27 02:23:00 | I am planning on getting car loan for up to $11000 Any good finance companies out there. Dont mind paying some deposit as long as the interestrate is reasonable. AA is saying 12.45% for example but has some application fee etc. I want one that is flexible i.e pay extra as and when you can for repayments. Thanks |
learning (5137) | ||
| 434145 | 2006-02-27 03:05:00 | The best place to start is your bank. Their fees will be much cheaper than a finance company and the interest lower. Having said that, it depends on your credit rating but at least ask the bank. Go in and eyeball a loans manager. Smile and be polite. Don't rely on the phone or the net - too impersonal. | Winston001 (3612) | ||
| 434146 | 2006-02-27 03:09:00 | I am planning on getting car loan for up to $11000 Any good finance companies out there. Dont mind paying some deposit as long as the interestrate is reasonable. AA is saying 12.45% for example but has some application fee etc. I want one that is flexible i.e pay extra as and when you can for repayments. Thanks Depends entirely on your circumstances - eg do you have a mortgage in which case the way to go would be to convert that into a "Flexible" mortgage that allows you to pay as much or as little as you wish , within the limit set of course. No assets then try your bank, AA etc for the best deal you can. Do not if you can possibly help get car finance through say the dealer (or a loan shark) - you'll pay throught the nose. If you can't afford it save up until you can or aim lower. |
dvm (6543) | ||
| 434147 | 2009-02-07 18:17:00 | How come,when someone mentions money, a new guy turns up with links to this site... | porkster (6331) | ||
| 434148 | 2009-02-07 18:57:00 | How come,when someone mentions money, a new guy turns up with links to this site...Cos spammers will take any gap they can :yuck: | Greg (193) | ||
| 434149 | 2009-02-07 19:10:00 | do you have a mortgage in which case the way to go would be to convert that into a "Flexible" mortgage . www.sorted.org.nz "Remember, though, that you want to pay off your car loan as quickly as possible so tagging it onto your 25 year mortgage may mean you will pay a lot more in interest than if you paid it off in one or two years. 8 rules of car loans 1. Work out how much you can afford to spend on a car before you go out shopping. 2. Don't forget to include annual running costs, insurance and maintenance in your budget. Our budget calculator can help. 3. Check out the deals offered by as many lenders as you can before hunting for a car. Look for a loan or finance deal that has a good interest rate and charges low fees. By law, lenders can only impose reasonable fees. 4. If you already have business with a bank or credit union, see what they can offer. 5. By law you must be given a disclosure statement detailing all the terms of the credit deal before you sign or within five working days of signing. Ask for a copy of this statement and read it carefully before you agree to any deal. 6. Work out the total interest you will pay on your purchase with the car loan calculator. 7. Avoid taking on several finance and hire purchase deals at once. It can be difficult to keep track of when each deal has to be paid off and it can be hard to find the money to service many debts running at the same time. 8. Take your time to decide. When you're borrowing money a rushed decision can be costly. " The whole idea of paying $11000 for a car and having to pay it off fills me with horror. How long will that take? And the car will be worth nothing when you finish. Why not just buy one you can afford. |
pctek (84) | ||
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