Posted by admin on June 16th, 2007 — Posted in Loan Calculators
Car loan calculators are easily found online in present day. Nothing to be impressed with really. Some companies offer easy to use car loan calculators on their sites and some provide extremely crude and calculators.
Auto loan 4u has three main calculators they recommend as of late. One of them is a “home made” general amortorization calculator that can be used for any kind loan. There are some specific traits that car financing has with terms and rates so specific car loan calculators can be handy. (and handy is good right)
Capital one auto finance has a good car loan calculator and so does Eloan. You can find many more out their in cyberland if you do a little bit of surfing. I recommend you do a search online car loan calculator or auto loan calculator. If you are on this page then you have probably already done this.
Just click the “calculator” link at the top or bottom of this page. And you can use any of the ones found in the directory. You can check back periodically to see which car loan calculators Terry is providing on this site. I’m not involved personally with what this site provides but I did see the amortorization calculators provided recently and I can whole heartily recommend them to you.
The only way we can plan our future cash flow is if we know the true cost of the monthly or weekly installments (payments) This is where the importance of having a reliable online car loan calculator comes in to play. I’m always surprised at what consumers pay in interest by the time their auto loan is paid.
Scary to say the least. You want to take a look at how much interest you are actually paying on your car loan. The wake up call can be sobering to be sure. Try to get that down payment up as high as can to avoid nasty interest costs.
Semi-related Video
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Posted by admin on June 14th, 2007 — Posted in Auto Loans
Finding auto loans for people with bad credit is practically an art form. What I mean is that, times change. Practises and policies of US finance companies change like the wind and you need a crystal ball if you want to be on your game…….if you ever want to find REASONABLE auto loans for people with bad credit.
I have found a website that came as a life-saver to say the least. Not only can they find you the loan you need, they can keep the interest rates still reasonable. Quite a feat, if I don’t say to myself. 
One of the common issues when finding auto loans for people with bad credit, is the constant need to be up to date. As I mentioned above, the ongoing task for me is to make sure the links I provide go to finance companies (and brokers) that are constantly at the industry edge.
I have found a few online sites that are invaluable in this matter. Right now we are featuring a broker style site that charges a very small fee and they find the best interest rates on auto loans for people with bad credit.
I encourage you to apply through this site. There is no middle man cost to my visitors. As in zero, nota, nill, zilch, none. That is worth repeating. No middle man cost if you apply for an auto loan here.
I pride myself on providing the most reasonable, hassle free finance companies and their user friendly websites, that deliver auto loans for people with bad credit. Times have changed in a biq way since the days of the sweaty meeting with the intimidating banker. You can apply online now and get an answer back in just minutes.
I have used many resources in tracking down (and keeping track) of resources regarding auto loans for people with bad credit. You may want to click to our home page and bookmark this site for future reference. Many visitors like to surf around for awhile, before they make a decision on the best place to get their auto loan.
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Posted by admin on June 5th, 2007 — Posted in Auto Loans
Car loans have been applied for and approved in record numbers every year since 1997. Statistics have shown that online car or truck financing has more than doubled every year between 1997 and 2007.
Staggering numbers the banks to contend with as they all run for the nearest hosting company. Whether or not you have a bad credit rating or a good credit rating getting your car loan online can have many advantages.
I will briefly list off these financing advantages on this page but if you are visiting only to research interest rates - click here to see our directory of car loan merchants.
Advantage number one: when getting your car loan online is convenience. Instead of taking up a good chunk of your day driving down to your local bank you can simply browse the Internet in the comfort of your own home. You can see a variety of different interest rates and financing options for your car loan in just minutes. You can apply for your loan in just seconds and many online finance companies will give the thumbs up or down in 10-15 minutes. So time is a factor that has to be emphasized when discussing an online car loan.
Advantage number two: when getting your car loan online is rapid comparison shopping. Imagine driving to twenty different banks in your state and setting up appointments with twenty different loan officers. Imagine how long all of that would take. You can easily go online and click on twenty different money lenders web sites in just half an hour. The gravity of this can’t be overstated.
The Internet has revolutionized how we comparison shop for our car financing. In the past we were at the mercy of our local banker. What ever that bank or banker decided we could handle in the way of debt dictated our future. Not anymore folks. The traditional banks are now scrambling to compete with the new world of online car and truck financing. This brings us to my next advantage of online car financing.
Advantage number three: is increased financial competition. Yep…the traditional banks are running around like chickens with their heads cut off trying to compete with the savvy new online financing companies. It looks good on ‘em don’t you agree. Now…..what this has created is competition like they never had before.
Now they have to offer reasonable interest rates at reasonable terms or they will be discarded at the click of a mouse. I believe that as time marches on the financial institutions that resist online car financing will be long gone out of business.
I’m not talking about banks simply having a web site up showing their interest rates and terms. I’m talking about online banks that approve loans in minutes. Now THAT is what people want.
Advantage number four: is pin pointing your car loan. For instance - if you temporarily have bad credit and you know that your interest rate and terms will be inflated to your disadvantage you can use the Internet to search for only banks and dealerships competing in bad credit car financing.
Due to advantage number three (competition) the bad credit lenders are throw into the fray with their pitch as well. The Internet is the great equalizer when it comes to fair car financing. Simply type in to Google or Yahoo the phrase bad credit car loans and you will see hundreds of thousands of web sites offering car financing to bad credit applicants.
I’ve watched over the last two years as these lenders loosen their criteria and offer car loans to bad credit applicants with interest rates and terms that are much more reasonable than in the past.
Semi-Related Video….BMW Concept Car
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Posted by admin on May 24th, 2007 — Posted in Auto Loans
Auto financing after bankruptcy can be a nasty proposition and the founders of this site have invested alot of time, money and energy researching the options left for people in this situation. The normal channels used for getting an automobile are not going to work. When it comes to auto finance after you go bankrupt your best bet is to find a good online financial broker. Someone who will get finance companies bidding on your business. This will ensure you get the lowest interest rate possible.
Without a qualified outfit hunting down the best interest rate possible you will be seeing some very ugly numbers thrown your way. Luckily in the last few years there has been a large . Bankruptcy statistics have proven most people pay back their loans and don’t default if they have gone bankrupt. The financing companies really win because they have an excuse to crank up the interest rate and at the same time get loyal and solid borrowers. For the few clients that fail to make payments the vast majority make up for it.
As long as these new trends continue for borrowers who have been through a bankruptcy, the automobile dealerships will be busy moving vehicles off their lots. Great for the economy. Great the bank, the borrower and the dealerships. My only advice to the visitors looking for auto loans is to keep the payments low by any means necessary. Use this new opportunity to built your credit back AND drive your new car. A true win win situation if you play your cards right. I know from personal experience how difficult it can be to rebuild good credit. When you get a new chance to start over it’s worth making every move to secure it.
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Posted by admin on May 24th, 2007 — Posted in Personal Financing
Short video from Mark Huffman at ConsumerAffairs.com – “Payday loans
are a bad idea for consumers”
Payday lenders can charge up to 800 percent interest, and their business model is designed to keep you in debt.
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Posted by admin on May 24th, 2007 — Posted in Consumer Financing
It’s really getting stupid now with all the “information sharing” going between lending istitutions, and credit bureaus. Read this interesting piece about becoming a “trigger lead”.
Looks like America needs to clean up it’s lending and loans industry. Looks like the legislation is coming every month now, from Student loans, to Payday loans, to subprime loans, there’s new laws being made every few months.
It’s a surprise for many would-be home buyers: On Monday you sign a loan application with the mortgage broker of your choice and by Tuesday your phone is ringing off the hook with calls from other lenders offering you deals. Congratulations! You’ve become a “trigger lead.”
When you, as a potential borrower, sign a loan application, the lender or broker pulls your credit report, often getting a report that includes information from all three major credit bureaus.
The lender’s request for your credit report “triggers” an alert informing the credit bureaus that you are a “hot lead” looking to purchase a home or refinance your loan.
The credit bureaus sell these trigger leads to lenders and brokers, presenting these industry subscribers with a list of candidates who are looking for a loan and meet their ideal criteria for loan products.
Experian, for example, has a monitoring service that lenders and brokers can subscribe to called Prospect Triggers. Experian spokeswoman Susan Henson says the company can pull out all of the consumers that fit a lender’s credit criteria from the consumer database.
“They could say they want consumers who have never claimed bankruptcy. They could say they want consumers that have two open credit cards and an auto loan,” says Henson.
Henson says federal law limits the type of information provided to clients. Therefore, no specific information is delivered, only aggregated information such as the total number of bank cards a consumer has.
Credit bureaus also provide contact information, such as the applicant’s name, address and telephone number, to their clients, says Stuart Pratt, president of the Consumer Data Industry Association, or CDIA, which lobbies for credit bureaus.
Questionable tactics
Trigger lead products have been around for more than a year and a half and are facing scrutiny in the home lending industry.
Many consumers complain it’s a violation of their privacy. Some bankers and mortgage brokers also oppose the practice, claiming borrowers are blaming them for the flood of calls. In some states, lawmakers are calling for legislation to prohibit or regulate trigger leads.
Mathew Street, deputy general counsel at the American Bankers Association, says that since Jan. 1, 2007, Massachusetts, Minnesota, Connecticut, Maine, Rhode Island and Alabama have bills that “limit or prohibit the use of information about a specific loan by someone trying to compete with that loan or sell a product without acknowledging they are not affiliated with the bank that made the original loan.”
New Mexico recently enacted a bill that bars solicitors from using certain loan information.
In Congress, House Financial Services Chairman Barney Frank reportedly plans to restrict the credit bureaus’ ability to sell lists of prospective home buyers.
[Source Bankrate.com]
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Posted by admin on September 7th, 2006 — Posted in Loan Calculators
One of the other aspects of this car financing site is planning for the future AFTER you have acquired your money. A loan calculator or amortization is a handy tool that you can use when you want to figure out your payment schedule. You can figure out the size of your payments and the frequency of your payments. You chose different payment options and see how they work for you. Check out the effect of different interest rates and what they mean to your monthly financial planning. If you want to use some of our loan calculators and amortization schedule planners you can click the link at the bottom of this page under “loan calculator”.
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Posted by admin on September 7th, 2006 — Posted in Announcements
http://www.auto-loan-4u/ has been around since June 2004, and has provided financing and loan information for various motor-minded consumers. We are presently in the process of updating all our loan category pages with new merchants. We have almost completed our work on this process, and will updating the “merchant Links” areas of our pages.
Selecting financing companies for our site is an ongoing process, as we intend to bring friendly lenders to you and as well, negotiate a reasonable commission for ourselves. We thank you so much for your patience this month and look forward to sending you to some prime lenders.
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Posted by admin on September 6th, 2006 — Posted in Auto Loans
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.
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Posted by admin on September 6th, 2006 — Posted in Consumer Financing
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.
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