Planning To Buy A Car?
Setting out to buy a car is not a momentary decision
. You need to do a lot of assessing, planning and then executing. To land a loan of 7.9% APR you must be very clear with certain decisions and choices. The essential questions that need your firm decisions are discussed below.
If you want to borrow to buy a car, then you are amongst the majority of car buyers in the UK that need loans to get a car. The prominent lenders and banks are at present offering loans at 9.9% APR, and this may feel like the car is out of your reach. But that is not the case. You just need to go about things the right way, and you will soon be honking your own car horn! (pun intended). So, here are the most obvious questions that surround your car decision-
* Can you afford a new car?
* Where should you get your car financed from - dealer or a local bank or credit union?
* And which car do you want (considering the finances you can handle)?
For answering these questions, you need some extensive research done, and that too with every scenario and detail in mind:
1. Estimate your financial worth - You need to begin your research with knowing how secure you are financially. Make a sheet of your earnings/expenditures/savings/investments and then you will know the amount that is left for you to spend on a car. Calculate your monthly budget with rent/mortgage, phone bill, ration, and everything else. Also make a note that you need to have money for the down payment apart from the monthly payments. And once you get a car- it will come with additional costs like- licensing, registration insurance, petrol and maintenance.
2. Finalise the car you want - Once you have worked out your budget and the amount of monthly payments you can make, then choose the car from the segment fitting your budget. Again, take into consideration - is it for daily commuting; single driven or for the family; or that convertible that you always wanted. However, remember that smaller and compact cars deliver good mileage, take up less parking space and are overall cheaper to maintain. But if your finances allow it, an SUV can be a good choice too.
3. Research on car finance options available - This task is much easier now that you are well sorted with your finances and your car choices. Scour the internet and newspapers for car dealerships, credit unions and local banks to gather what loans they are offering. Compare the prices of competing dealers to have an upper hand in negotiating with them. Always look for the lowest possible interest rate, instead of the lowest down payment. In the long run - lower interest rates are more cost effective.
You are a prized customer, so you must look out for rebates and discounts. If there is already a huge incentive on a car, then most probably the car manufacturer wants to reduce the inventory. This is your chance to press for a further discount.
When you approach the car dealers, be armed with all the information regarding rates and incentives on offer. Do not let them overwhelm you with their sales pitch. In the UK, being a little informed can land you an easy and affordable
car finance Southampton, Oxford, Glasgow or Exeter, wherever you may be located, follow these steps to get the best car loan.
by: Julie Cheung
Dedicated Php Programmer Trust In The 1610 Pelican Case Make Some Noise For The Desi Boyz Powers Of Picking Intuit Hosting If You Have The Passion For Bike Hold Your Breath The Future Of The Bike Is Astonishing Raising Free Range Chickens - 5 Crucial Easy Steps To Start Chicken Keeping Alto K10 Vxi A Trip Of Bucharest, The Capital City Of Romania Employers Need To Do All They Can To Reduce Workplace Accidents Link Building Should Never Become Link Baiting An Open Letter To Herman Cain: Handle This Crisis Or You Are Finished By Ronn Torossian Resellers Hosting Phase 2 Seo How You Can Pick Out That Moncler Pockets Number Might Make Upward