Mortgage, Loans, Insurance, Real Estate, Investment, Tax and Financial Services

How Not To Get Taken For A Ride On Your Next Car Loan

You are bombarded with offers for a car loan. You see it everyday on television, on radio, and in every edition of your local newspaper ? the specials, promotions, and sales on new cars or trucks. Today?s deal is better than the yesterday?s deal and is so good that it will probably never be repeated within your lifetime. In fact, if you believe all the hype that the car and truck dealerships are making, you have to wonder why they are still in business at all, since they are obviously selling these vehicles way below their cost.

Make no mistake about it ? there are very few if any cars that leave the dealer where you paid less for the vehicle than the dealer did. That includes used cars and trucks too. They do not do business that way, and they never will because they would not be able to keep their doors open very long if they did. They get rebates from the manufacturers, incentive bonuses, volume bonuses, and more. Yes, you may be able to get a killer deal on a particular make and model from one dealer that another dealer cannot match ? not because they don?t want to, but because the first dealer gets incentive or volume bonuses that the second dealer does not in that particular month.

But one of the things to realize is that one of the major profit centers for a car or truck dealership, new or used, is in car loans and car financing. Some dealerships have their own financing. Well, sort of, maybe, although most do car financing through an arrangement they have with a local bank or credit union. Many larger dealerships have arrangements with multiple local banks and credit unions in order to make it appear that you have multiple options for getting the best deal on your car loan. And in most cases, this is correct.

The question becomes one of whether or not you are getting the BEST deal on your can loan or truck loan. How do you know? You do your homework on it to make sure, and you do that homework even before you step foot into the dealership. People who know have written many times that you best point of leverage in negotiating for a new car is to walk into a dealership where you have already been pre-approved for a car loan, where you know how much money you are able to get in order to keep your payments at a level you can handle, and you know what the interest rate is.

In other words, you should negotiate every bit as much and every bit as hard on the auto financing part of the deal as you did on the price of the car or truck, and what the dealer will throw in, like floor mats or XM radio or whatever. Saving a couple hundred bucks on having the dealer throw in XM radio is peanuts compared to SEVERAL hundred or even thousands of dollars you could save over the life of the car loan with a killer deal and low interest rate!

Shop around for your car loan, in the same way that you shopped around for the vehicle you want to purchase. If you have found the best deal possible on a car or truck, be aware that with the best car loan deal possible, that makes the whole dealer even sweeter.

Jon is a computer engineer who maintains web sites on a variety of topics based on his knowledge and experience. You can read more about Great Deals In Car Loans and Car Leasing at his web site at Car Loan Car Lease Resources.

Student loan consolidation with federal debt program
If you are a college student (parents please take note), this Federal Government program can help you cut monthly payments on your student loans. You can consolidate now and lock in a low fixed rate. When you consolidate student loans with a Federal Consolidation Loan, you not only can take advantage of these low rates, you can lock in that rate for the life of your loan. One easy process, one low fixed rate, one low monthly payment, one lender. This is a free U.S. Government program (no fees or other charges). Really Great Rate is an authorized agency for this program - you can check your eligibility in a minute or two, with no obligation

Home Equity Loans: Expert Tips and Advice
Get expert advice, tips, and timely information. Manage your own Real Estate and Investment Portfolio to generate an income so you can take control of your financial life and do the things you want to do.

MORE ARTICLES:

Home Loan Mortgage Rate Quote: Online Convenience
You can find ANYTHING on the Internet! Never is this as true as when it comes to finding home loan mortgage rate quotes. In fact, along with pornography, finance and banking has probably been the biggest internet success of all. There is nothing you can do, nothing you can find in a physical bank branch that you can't get from a bank over the Internet. This includes a home loan mortgage rate quote.

Home Mortgage Lenders - How to Find A Good Mortgage Broker Online
Mortgage lenders have set up shop online, but they aren't all reputable mortgage brokers. To find a good mortgage lender you need to compare rates and research to find reputable companies.

Bad Credit Home Loan Mortgage Services - What To Consider When Applying For A Mortgage
Most new homebuyers are unfamiliar with how mortgage loans work. Because of this, several people accept bad loans. This results in homebuyers paying more than necessary. If you have bad credit, accepting a mortgage with good terms is a must. Many lenders prey on those with bad credit. Their objective is to charge higher fees and boost their profit. Before applying for a mortgage loan, consider the following factors.

Bad Credit Home Loans - Dealing With Bad Credit Mortgage Companies Online
Dealing with mortgage companies online can enable you to get a home loan even with bad credit. Bank associates' skepticism and talk around are avoided when you apply online with a mortgage broker.

Refinance Mortgage Rate and Mortgage Rates
Refinance mortgage rate is the best rate available to qualified homeowners for refinancing their current home mortgage. Refinance mortgage rates vary from product to product and customer to customer.

Affordable Bad Credit Mortgage Loans - 3 Tips to Reasonable Bad Credit Mortgage Loans
Finding a mortgage loan with a bad credit rating can be an absolute nightmare: Driving from broker to broker, bank to bank, getting turned down every time, all the while your credit keeps dropping with every credit check. Fortunately, this painful process can be avoided with just a few simple tips.

Interest Only Home Equity Loans Featuring a Fixed Second Mortgage Rate from BD Nationwide
BD Nationwide Mortgage introduces an affordable only home equity loan that features an interest only payment option with a fixed rate. This second mortgage allows borrowers to get a fixed mortgage rate while also benefitting from a reduced payment and increased cash flow. Homeowners have the luxury of converting their home equity line of credit into a fixed rate second mortgage while keeping the interest only option. BD Nationwide has released several new second mortgage products in 2006 that have offered additional "cash out" opportunities for homeowners without requiring them to refinance their existing first mortgage.

A secured bad credit home mortgage loan comes with reduced interest rates
A secured bad credit home mortgage loan comes with reduced interest rates

Home Equity Loan Broker Awarded Preferred Mortgage Broker Status for Second Consecutive Year from IHE
For the second consecutive year, BD Nationwide Mortgage Company was awarded "Preferred Broker" Status from Irwin Home Equity for home equity loans and 125% second mortgages. IHE announced last week that BD Nationwide was extended this award for their exceptional level of expertise for home equity loan origination. The preferred status gives BD Nationwide a significant edge because they are one of the few mortgage brokers in the country who can offer large home equity loans to a 125% loan to value. Most lenders and brokers are restricted to $50,000 or $75,000 loan amounts but BD Nationwide is able to offer these high LTV second mortgages for loan amounts ranging from $100,000 to $200,000 to qualifying borrowers across the country...

Cash Out Refinance Mortgage Loans – Home Equity, 2nd Mortgage or Cash Out Refinance Loan
There are some definite benefits to doing a cash out refinance. Just make sure that overall you are not going to be spending more money in fees and interest doing a cash out refinance as opposed to a home equity loan.

Newest Rate and Payment Mortgage Calculators for Home Loans from The Mortgage Store Online
The Mortgage Store Online (TMSO) today released its complete set of free home mortgage loan calculators on their website at themortgagestoreonline.com. These highly accurate mortgage calculators use current and true rate information to give borrowers the most realistic mortgage payment calculations.

Bad Credit Mortgage Company - Recognizing Mortgage Lender Scams
Mortgage lenders recognize the value of owning a home. Because some people will not easily qualify for a home loan, several lenders have begun offering home loans to tailor a variety of needs. For this matter, bad credit mortgage lenders have gained widespread popularity. The majority of bad credit lenders are sincere in their efforts to help you finance a home. However, some lenders are only concerned about their profit, and will not offer the best rate and terms.

Refinancing Your Home Equity Loan Or Refinancing Your Home Equity Line Of Credit
Ask yourself these questions before you refinance your home equity loan or line of credit:

Mortgage Loans, Construction Loans, Refinancing Mortgage Rate
TheLoansStore.com was created with the interests of the consumer in mind. If you have ever wondered if owning your own home or refinancing your current home would be possible, dont wonder anymore. From new Construction Loans to Mortgages Loans, Bad Credit Home Loans and Refinancing Mortgage Rate. Whether you have great credit, marginal or bad credit, theLoansStore.com can help. We know one size never fits all borrowers.

Adjustable Rate (ARM) Mortgage Holders Should Refinance to Fixed Rates, Recommends the Katz Mortgage Team
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, has announced that Fixed Mortgage Rates are now at their lowest point in over a year. They are officially changing their recommendation from "HOLD" to "REFI" for many of their clients who took advantage of the extremely low adjustable rate mortgages of 2002 and 2003.