Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

Making Cars Accessible Through Secured Car Loans

Written by: Andrew Baker

Enervated by the hectic schedule at the work place, traveling back to home in a public transport carrier seems to be a grueling task. This reasons out the transformation of cars from luxuries to necessity.

While there are cars designed for people at the high end, there is no shortage of cars for the people with a small budget. Not having a sufficient cash reserve? No need to get disheartened. One can always take a secured car loan and get the best of deals, as if purchasing in cash.

Secured car loans
are not the only means available to an individual to get a car financed. Hire purchase and personal contact plans were the traditional methods of payment, but have lost their charm among the customers. People now use less of hire purchase method because of the excessively high cost of the method. Besides, the customer gets the ownership of car only after the entire payment has been made to the manufacturer.

Secured car loans, on the other hand, come at a lower rate of interest. The borrower gets possession of the car immediately after the loan is approved. With a number of lenders offering car loans, the borrowers can bargain a good deal in car finance.

Once made your mind to finance car through a secured car loan, it is time to decide some basic details of the loan. First the amount of loan to be taken will have to be decided. Various models of cars entice us to effect the purchase. Though it is easier to get a loan of any amount, one must not entertain a loan larger than ones capability. One might not be able to sustain the repayments at all times. This will lead to repossession of the car or any other collateral, with a bad credit to taint the credit history for a number of years to come.

It is easier to search the loans on the net than through a personal visit to each lender. The personal visit to the lender will be necessary, but at a later stage. First a list of some 4-5 lenders is reached after screening the huge number of lenders at various stages of the selection process. Then an appointment with the select lenders is arranged to get a basic idea about the features of the loan. Though every lender extols the virtues of the car loan offered by him, one must have a keen eye for the details which the lender does not disclose.

In the case of credit history, there are generally three types of lenders the customers will have to deal with. The first case will be of lenders who demand nothing except a perfect credit history. Borrowers with a bad credit history are denied loans outright. The second group of lenders generally advertise that their loans are for all types of borrowers, but balk when the case actually comes before them. They charge a high rate of interest in order to deter such people from taking loans. The third group of lenders is one where the bad credit customers get a respite from. They are willing to offer loans at reasonable rates of interest and other terms.

Lenders who do not cater to people with bad credit can be identified easily through the net. Such lenders specifically mention that their services are not meant for people with bad credit history. It is the second group that is tough to locate. However once this group of lenders is located, the only lenders left over are the ones you desire- the ones who offer secured car loans in spite of a bad credit history.

Submitting mortgage quotes for secured car loan helps get an idea of the lender and his offerings. These put no obligation on the borrower. So the borrower gets quotes from a number of places. Comparison between the quotes will help one reach the desired loan product.

Various factors determine the amount of loan that a person gets approved for. The value of the home, reducing any other debts will be the primary valuation measure. The income of the borrower and spouse (if working) also helps derive the amount of secured car loan. Some lenders offer loan calculators, payment calculators and such other tools to facilitate calculations by the borrowers themselves, without necessitating the help of lenders.

About the Author

Andrew baker has done his masters in finance from CPIT. He is engaged in providing free, professional, and independent advice to the residents of the UK.He works for the personal loan web site http://www.ukfinanceworld.co.uk for any type of uk secured and unsecured loan please visit http://www.ukfinanceworld.co.uk

Other Related Articles:

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/rliu008/public_html/redhotloantips.com/rotator.php on line 7

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/rliu008/public_html/redhotloantips.com/rotator.php on line 7
Where to Look for a Fast Homeowner Loan
If you're looking for a fast homeowner loan, you might not know where to begin your search. Some banks and finance companies can take weeks to make loan decisions, and if you need a fast homeowner loan then that's time that you can't afford to...read more

Getting A Payday Loan Extension
A loan extension is an option which is usually offered by payday loan companies. There are many reasons why a borrower or client cannot meet his financial obligations with a payday lender. There maybe a family emergency or the car suddenly...read more

Home Loans and Mortgages - Help for Hurricane Katrina Victims
Hurricane Katrina swept through the Gulf Coast region recently and left nothing but destruction in her wake. Thousands of people are homeless, jobless and penniless, and it is not currently known how long the local economy will take to recover....read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map