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Thread ID: 65108	2006-01-07 23:22:00	Getting A Car	learning (5137)	PC World Chat

Post ID	Timestamp	Content	User
419162	2006-01-07 23:22:00	Does anyone know of good finance companies for getting loan for a car. What should be a good interest rate. Anything i should be aware of or watch out for from these companies? Also please recommend a good car insurance company as well. Apologies for this kind of post here but i guess people who visit PC forums are very clued up :) Cheers	learning (5137)
419163	2006-01-07 23:34:00	what sort of sitution are you in? ie 1st car, upgradeing, new car, cheap car, exspencive car, busness or personal ?? a few basic things to watch.......READ the agrements, they has been more than a few people sucked in to 30%+ interest and/or huge sign on fees. car yards can make quoite a bit of $$$ selling finance. cars lose value very quickly. not many hold there price, so in 3 years time you will be still paying it off and the vechile is worth nothing so even if they reposess it you will still be paying the finance company.	tweak'e (69)
419164	2006-01-08 00:07:00	Credit unions are a good place start when looking for finance.	Greg (193)
419165	2006-01-08 00:47:00	Thanks Greg, Just a second hand cheap car for personal use ($10k - $13k) from car dealer. I am AA member and just the other day i got a e newsletter that their rates are 12.45% but i mean they have some documentation fee $195 which is not much but just trying to figure out which companis have these and additional hidden charges that add up quite a bit. Maybe some of you know from experiences	learning (5137)
419166	2006-01-08 00:48:00	I'd avoid car dealers altogether. Get a loan from your bank and buy something private - suitably checked over by a qualified person first. One tip a mechanic told me if you absolutely have to go to a car dealer. Find something that looks good - like an ad showing the thing on the net first or similar. Ring the dealer and ask how much they'd give you for it - don't say you are looking at theirs - make out you have one of the same model/year/mileage. Thats what its worth. Then if it checks out OK after you go view it - the bargaining is easier cause they've just admitted its real value.	pctek (84)
419167	2006-01-08 02:42:00	I'd avoid car dealers altogether. Get a loan from your bank and buy something private - suitably checked over by a qualified person first. One tip a mechanic told me if you absolutely have to go to a car dealer. Find something that looks good - like an ad showing the thing on the net first or similar. Ring the dealer and ask how much they'd give you for it - don't say you are looking at theirs - make out you have one of the same model/year/mileage. Thats what its worth. Then if it checks out OK after you go view it - the bargaining is easier cause they've just admitted its real value. :lol: I like it. Way to go.	Cicero (40)
419168	2006-01-08 06:54:00	Credit unions are a good place start when looking for finance. Agreed. Really the first place to go is your bank. If you have a reasonable history, you may be able to get a personal loan much cheaper than at finance co rates. But the bank will expect you to pay some of your own money unless you can provide security for the total purchase price. So many people buy cars on HP who could do a much better deal with their own bank or a credit union. However if you don't have any money of your own to contribute, then you are probably stuck with finance co borrowing.	Winston001 (3612)
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