Auto Loan 4u

Auto Loan Rates

Add comment September 6th, 2006

Auto loan rates can vary, now more than ever, as finance companies vow to compete with each other in a serious fashion. Of course as auto loan rates stay good a low, we the consumer can enjoy keeping more of our cash in our pockets than the banks. You want to stay away from dealership auto loans as they will simply include the interest you save on the sticker price. It’s one the oldest trick in the book. They claim to low auto loan rates, even “zero percent financing”, but the cost is already in the sticker price. 

Make sure you get your auto loan rates approved by our daily top pick lender. Have your financing in place and tell the dealership you want to buy the car for cash. Tell them you don’t want their auto loan rates and that you want to know the sticker price “without” their finance costs included. If they don’t come down in their price by a considerable amount……walk.

Auto loan rates are of course affected by the state of the economy and the present people in power, but I think it is safe to say, that as long as inflation is under control, the interest auto loan rates will hover about where they are now. Please take a serious look at our recommended lenders by clicking the “auto loan” button at the top of this page. You can not only find the best auto loan rates, but you can find the lowest boat loan rates, rv loan rates, motorcycle loan rates, car and truck loan rates.

You have a bad credit rating and are having trouble getting fair auto loan rates, use our bad credit auto loan links to be sure of getting a the treatment you deserve. Sometimes bad luck rears it’s ugly head. Like marrying the wrong person, getting ill, or being laid off. It’s nothing to be ashamed of, (even if some pond scum tells you it is) and the lenders we have chosen to associate with are fair. We made sure of it. If you have been turned down many times before, just try our links and you will be pleasantly surprised. If, for some reason you don’t get approved for a good auto loan rate, please contact us by email so we can consider pulling that lender from our site.

Speeding Up the Approval of the Loan?

Add comment September 6th, 2006

While the lender has the greatest role in how fast your loan application is processed, there are certain things you can do to speed up its approval. Try to find out what documentation the lender will require from you.

Much of the information required by your lender can be brought with you when you apply for a loan. This may help to get your application moving more quickly through the process. When you first meet with your lender, be sure to bring the following documents:

- The purchase contract for the house (if you don’t have the contract, check with your real estate agent or the seller).
 
- Your bank account numbers, the address of your bank branch and your latest bank statement, plus pay stubs, W-2 forms, or other proof of employment and salary, to help the lender check your finances.
 
- If you are self-employed, balance sheets, tax returns for 2-3 previous years, and other information about your business.
 
- Information about debts, including loan and credit card account numbers and the names and addresses of your creditors.
 
- Evidence of your mortgage or rental payments, such as cancelled checks.
 
- Certificate of Eligibility from the Veterans Administration if you want a VA-guaranteed loan. Your lender may be able to help you obtain this.
 

Be sure to respond promptly to your lender’s requests for information while your loan is being processed. It is also a good idea to call the lender and real estate agent from time to time. By calling occasionally, you can check on the status of your application, and offer to help contact others such as employers who may need to provide documents and other information for your loan. It is also helpful to keep notes on your contacts with the lender so that you will have a record of your conversations.

To read more on this, visit the Federal Reserve site and read the “lock-in” information.