Welcome to Auto Loans Guide
Bank One Auto Loans Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Are Used Car Loans a Good Choice?
from:One thing that you must decide for yourself before applying for any type of loan for a vehicle is whether or not it is good or bad; no one can tell you the answer to that! In fact, not everyone has the same opinion about used car loans; as some like them and some only get new car loans.
When it comes to getting used car loans, the most important thing that you will want to know for yourself, is that you are really ready to take on a car loan. If the answer is yes, then you can find the perfect used car for yourself (if you haven't already done that)!
One thing that you should do before you get a used car loan, is decide where you want to go for it; as you can choose from a credit union, a bank or even through the dealership (if it's from a dealership). If you are unsure as to where you want to go, one thing that you can do to make things easier for you is to look around; see which financial institution can give you the best interest rates (as that will definitely matter).
One you know where you want to do your banking from, you will then want to collect all the information about the vehicle you want so that you can get your loan quicker. When it comes to used car loans, the basic information that a lender needs to know about it is whether or not the title is clear (most importantly), the price of the car, who you will be purchasing the car from and if the car has ever been in an accident.
When it comes to the interest rates of used car loans, a person never knows exactly what their interest rate will be; as a deciding factor is what their credit rating is. In fact, the credit rating is the biggest factor of whether or not a person will get a loan. When a person goes to a bank for a used car loan, most likely their interest rate will be around 4-7%; however, it can be lower and also much higher (depending on the person).
If you are a person that does not have a good credit rating, there is still hope for you to get a used car loan! Just because you can't get used car loans through a bank or credit union does not mean that you can't get the car that you want! In fact, many people are now going to "authorized" finance dealers for used car loans. However, when going through an authorized finance dealer, you must know that you will be paying a higher interest rate (much higher); as they are out to simple make money. But in the end you will be able to get the car you want!
Bank One Auto Loans Specific links
Bank One Auto Loans News
TD driving hard for auto loans - Globe and Mail
 Globe and Mail | TD driving hard for auto loans Globe and Mail Auto mechanics have seen the trend coming, as rising numbers of aging cars show up in their garages. Now the banks are taking notice. North Americans are holding on to their vehicles longer than ever in this economic downturn, with the average age of ... Auto Loans in 30 Seconds Drive Accelerating Vehicle Sales: Cars |
Auto and Student Loans Drive Borrowing Surge - Wall Street Journal
Auto and Student Loans Drive Borrowing Surge Wall Street Journal The most recent gains largely reflect more student loans, which at least one economist said could be a sign of financial strain. But auto loans and, to a lesser extent, credit-card use also rose. That marks a rebound in consumers' ability and ... |
Revisiting the Auto Bailout With Clint - Wall Street Journal
 Sydney Morning Herald | Revisiting the Auto Bailout With Clint Wall Street Journal Mr. Eastwood's previously recorded remarks on the subject were: "We shouldn't be bailing out the banks and car companies." A further complication is that Chrysler is now owned by Fiat, an Italian company, which received its stake largely as a gift of ... 'Halftime in America' ad creates political debate |
Ford Said to Boost Asset-Backed Bond Offering to $2.3 Billion - BusinessWeek
Ford Said to Boost Asset-Backed Bond Offering to $2.3 Billion BusinessWeek 7 (Bloomberg) -- Ford Motor Co. sold $2.3 billion in bonds backed by loans to car dealers in its largest offering of the debt since 2005, according to data compiled by Bloomberg. The sale was increased from $1 billion, Bloomberg data show. Ford Credit ABS Issue Doubled To $2 Bln -Source |
Regulators act against Edina's Crown Bank - Minneapolis Star Tribune
Regulators act against Edina's Crown Bank Minneapolis Star Tribune The Edina bank's problem loans include $3 million to onetime Carlson heir Curtis Carlson Nelson, who has filed bankruptcy. Crown Bank's client list has included a rogue's gallery of customers, including fallen auto king Denny Hecker, bankrupt former ... |