Understanding Vehicle Financing

#used auto loans

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With prices averaging more than $31,000 for a new vehicle and $17,000 for a used model from a dealership, you might consider financing or leasing your next vehicle.

Financing Options

You have two financing options: direct lending or dealership financing.

Direct Lending

In direct lending, you get a loan directly from a bank, finance company, or credit union. You agree to pay, over a period of time, the amount financed, plus a finance charge. Once you enter into a contract with a dealership to buy a vehicle, you use the loan from the direct lender to pay for the vehicle.

Direct lending may offer you:

  • Comparisons. You have the chance to shop around and ask several lenders directly about their credit terms before you agree to buy a specific vehicle.
  • Credit terms in advance. By getting financing before you buy the vehicle, you will know your rate and other terms when you are shopping.

Dealership Financing

In dealership financing — another common type of vehicle financing — you get financing through the dealership. You and a dealer enter into a contract where you buy a vehicle and agree to pay, over a period of time, the amount financed plus a finance charge. The dealer may retain the contract, but typically sells it to a bank, finance company or credit union — called an assignee — that services the account and collects your payments.

Dealership financing may offer you:

  • Convenience. Dealers offer vehicles and financing in one location and may have extended hours, like evenings and weekends.
  • Multiple financing options. The dealer’s relationships with a variety of banks and finance companies may mean it can offer you a range of financing choices.
  • Special programs. Dealers sometimes offer manufacturer-sponsored, low-rate or incentive programs to buyers. The programs may be limited to certain vehicles or may have special requirements, like a larger down payment or shorter contract length (36 or 48 months). These programs might require a strong credit rating; check to see if you qualify.

Remember: Shop around before you make a decision about buying or leasing. Consider offers from different dealers and several sources of financing, including banks, credit unions, and finance companies. Comparison shopping is the best way to find both the vehicle and the finance or lease terms that best suit your needs.

Before You Buy or Lease a Vehicle

Consider Federal and State Laws

Review the federal and state laws that affect the vehicle financing and leasing process. These laws offer important information that can help you negotiate a better deal or better understand the process. They also give you certain rights.

Determine How Much You Can Afford

Before you finance or lease a vehicle, take a look at your financial situation to make sure you have enough income to cover your monthly living expenses. Then, if you want to finance a vehicle, know that the total amount you will pay will depend on several factors, including the price you negotiate for the vehicle, the Annual Percentage Rate (APR), which may be negotiable, and the length of the credit contract.

Finance or lease a vehicle only when you can afford to take on a new obligation. Check the overall costs for the purchase or lease. Consider the monthly payment in finance or lease negotiations. You may want to use the “Monthly Spending Plan ” worksheet as a guide.

The only time to consider taking on additional debt is when you are spending less than you take home. The additional debt load should not cut into any amount you have committed to saving for emergencies and other top priorities or life goals. Saving for a down payment or trading in a vehicle can reduce the amount you need to finance and reduce your financing costs. In some cases, your trade-in vehicle will take care of the down payment on your new vehicle.

If you owe more on your vehicle than its market value, you have negative equity in your vehicle. This is a consideration if you plan to use your vehicle as a trade-in. The longer your new credit contract, the longer it will be before you have positive equity in the new vehicle — that is, before it is worth more than you owe. If you have negative equity, you may need to make a bigger down payment. Or the dealer may offer to include the negative equity in your new finance contract by increasing the amount financed to include the amount you still owe on your current vehicle. This will increase your monthly payments on the new contract in two ways: it adds to the amount financed and increases the finance charge. If you have negative equity in your vehicle, consider paying down the debt before you buy another vehicle. If you use the vehicle for a trade-in, ask how the negative equity affects your new credit obligation.

Monthly Spending Plan

Consider all the costs involved, not just the monthly payment, for financing or leasing a vehicle. Knowing your monthly spending and saving commitments and habits will help make your budget more realistic.

  1. Complete Column 1 based on your current situation. Start with your monthly take-home pay. This is how much you have left after taxes and other deductions.

Subtract the amount you need for all your saving goals and monthly expenses, including monthly credit payments and payments for housing and utilities.

The remaining balance is the maximum you can afford to put toward the monthly payment for a vehicle and any new related expenses, like vehicle insurance.

  • Complete Column 2 based on your new situation. This column will show your new vehicle payment and the adjustments you have made to accommodate your expenses and credit obligations. Adjust any expenses that might go up or down when you get a vehicle, such as maintenance and insurance expenses.

    The remaining balance in Column 2 will show you whether you can afford the new vehicle payment and the change in expenses.

  • UK Specialist Cars, suppliers of used vehicles in Spain

    #used car sales uk

    Prestige Cars

    Welcome to UK Spanish Cars.

    Your english car dealer on the Costa Blanca

    Viewing strictly by appointment only

    We stock Left Hand Drive NEW HYUNDAI. MAZDA. FIAT. NISSAN. ALFA ROMEO  vehicles and also have a  wide range of USED VEHICLES including BMW. Mercedes- Benz, Audi, Renault. Peugeot, Ford and many other marques including an impressive selection of 4 4. Our stock is constantly changing. Please view our STOCKLIST for current models. We welcome Part Exchanges, including right hand drive.

    Our Right Hand Drive section also has a varied selection of vehicles, enabling us to Part Exchange your Spanish car.

    About Us

    UK Spanish Cars is proud to have established an undisputed reputation for quality, high standards and professionalism.

    Over the years we have established strong customer relations and have many valued customers here on the Costa Blanca and in the UK.

    All our customers can expect a good deal, with genuinely sound advice and fair treatment.  It is our belief that when making such an important purchase the prospective buyer does not want to be pressured by sales technique.  Therefore, we ensure that from start to after sales our customers experience a comfortable and relaxed environment with absolutely no high pressure sales.

    Our success is achieved by our outstanding competence and product knowledge.  We have a distinctive interest in our vehicles and a proven policy of customer care which keeps buyers satisfied and happy to return.

    We are able to offer complete assistance with all the necessary paperwork and legalities ensuring that you and your vehicle are fully compliant with Spanish driving regulations.

    Call us on +34 658 670 777

    (UK) 07874 223456 for more details.

    We look forward to hearing from you.

    State Inspections Dumfries VA Emissions Testing Auto Repairs Towing

    #performance auto

    Early Morning and Late Night Drop Off Formerly Triangle Shell

    Enterprise Rent A Car is right across the Street

    Military Discount – Used Car Pre-purchase Inspections

    1 Performance Auto Care. located on Route 1 / Jefferson Davis Highway just minutes from Route 95 in Dumfries Virginia and Quantico Marine Base, is a Tech-Net Professional Auto Service and Repair Shop servicing all makes and models of vehicles including cars, vans light trucks. Our location is convenient to the 234 commuter lot.

    We service all areas within Prince William County VA including Nokesville, Manassas, Haymarket, Quantico, Triangle, Dale City, and Woodbridge whether you drive your vehicle to our facility or need to use our vehicle towing service.

    Whether you need a complete engine replacement, transmission repairs, suspension repairs, brake repairs, exhaust system repairs, system diagnostics, Virginia State vehicle inspection, emissions testing or other major automotive work done, 1 Performance Auto Care provides expert, quality service to get the job done right the first time.

    1 Performance Auto Care has technicians to perform any service your domestic or import vehicle needs from minor services and major repairs to general maintenance. We are also happy to help keep your manufactures warranty in place by performing your periodic maintenance service and regular oil changes.

    We provide expert vehicle repair services including but not limited to the following:

    • Virginia State Safety Inspection
  • VA Emissions Inspection
  • Emissions Systems Repairs
  • Towing and Wrecker Services
  • Computer Diagnostics
  • CV Boots and CV Joints Replaced
  • Front End Alignments
  • Hunter Computer 4 Wheel Alignment

  • Trucks for Sale Mesa

    #used truck

    Trucks for Sale Mesa | Trucks Only Sales

    Trucks Only Sales

    Trucks for Sale

    You want a dependable used truck you can rely on make Trucks Only your first choice. When finding the right trucks for sale in Mesa you want a large collection to choose from. Our inventory of carefully selected trucks meet the highest standards for condition and reliability.

    Shopping for pre-owned trucks doesn’t have to be intimidating. That’s why Trucks Only makes it so easy. With our online database you get fast access to every vehicle at our locations. Finding the perfect truck for sale from your living room couch, then schedule a test drive. We have a great variety of work and personal trucks for sale in Phoenix. Pickup trucks for sale in Mesa include:

    An Unbeatable Selection of Trucks in Mesa

      Light duty trucks – With panel vans, cab-forward trucks, panel trucks and more for sale in Mesa, We’ve got the small truck for you, no matter what your needs are. Our truck selection covers everything from lightly used canopy express trucks, to exceptionally well kept minivans. Medium duty trucks – With flatbed trucks, cutaway vans, box trucks and more for sale in Mesa, you’re covered for medium trucks at Trucks Only. When a heavy duty truck is too much, but a light truck isn’t powerful enough, our medium trucks are perfect. Heavy duty trucks – With everything from tractor units to dump trucks on hand, when you need to get a big job done, our heavy duty trucks have the power you need. We’ve got the perfect truck to go with your Class B License.

    With a constantly rotating inventory of trucks for sale in Mesa, we always have an incredible selection. Trucks for sale cover every model and make, and we frequently have specialty trucks in stock that include commercial trucks for sale and fleet trucks for sale.

    Used Truck Warranties

    With our exclusive lifetime engine warranty your newly purchased used truck in Phoenix is covered. We thoroughly inspect all our trucks for reliability and longevity. When you leave the lot in one of our trucks for sale in Mesa, you can be sure your used truck is ready to get you where you need it to.

    With great trade-in offers and financing options, when you need trucks for sale in Mesa from a reliable dealer, call (480) 844-7071 or contact Trucks Only today.


    The sprawling city of Mesa, AZ is a heat lovers’ paradise and a modern oasis amongst the desert. Mesa, AZ has a lot of entertainment to provide visitors and residents. Some of the cities great highlights including the Arizona Museum of Natural History. With extensive exhibits covering historical cultures of the Americas, there’s a lot of information and some truly incredible pieces on display for the history buff.

    Younger museum fans may get more enjoyment out of the i.d.e.a. Museum. Geared towards children and featuring exhibits that involve creating, building, and the use of their imagination, it can make for a great day in Mesa, AZ for both kids and adults.

    UK car sales figures for 2012

    #car sales uk

    UK car sales figures for 2012

    More than 2.03 million cars were registered in the UK in 2012, an increase of 5.47 per cent on 2011.


    Car sales in the UK reached 2,036,101 in 2012, according to the year-end figures released by the Society of Motor Manufacturers and Traders (SMMT).

    The total, which represents an increase of 5.47 per cent, is an improvement of 105,588 on the previous year as the UK became the second largest car market in Europe behind Germany.

    Ford s Fiesta was the top-selling car of 2012, although it was outsold in Scotland by the Vauxhall Corsa, which was the second best seller throughout the UK. The Ford Focus was the third highest seller overall in the UK, followed by the Vauxhall Corsa, Vauxhall Astra and Volkswagen Golf.

    Ford enjoyed market share of 13.79 per cent, with Vauxhall in second at 11.36 per cent despite selling 2.6 per cent fewer cars than in 2011. Volkswagen was third overall with 8.96 per cent market share, with BMW and Audi in fourth and fifth (6.24 and 6.05% respectively).

    The big losers include Renault (down 40.4% on 2011), Alfa Romeo (-37.3%) and Mazda (-16.1%). Some niche producers also fared badly, with Lotus down 58.4 per cent after selling only 137 cars in 2012, while Maserati fell by 20.4% and Aston Martin by almost 9%.

    Tustin Auto Center

    #used car deals

    Welcome to the Tustin Auto Center


    Find a reason to get the best deals on new and used cars in Tustin, California. Tustin Auto Center offers fantastic savings on a huge inventory of new and pre-owned vehicles in our huge dealership lots. Our customers come from across Orange County to find huge deals and big savings. Why wait until tomorrow? Get the deal of a lifetime today and stop in at our showrooms. We have many brands available and customer service staff that stop at nothing to treat our customers right.

    Looking for a hot new car? All of the brands have different options and different trims to give you selection like you’ve never seen before. Looking for a used car? We have that too, our selection of used cars Orange County. is unparalleled by other dealerships in the area. Browse our inventory to find the right car for your specific needs.

    Tustin Auto Center is proud to serve Aliso Viejo, Anaheim, Buena Park, Cerritos, Costa Mesa, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, Mission Viejo, Newport Beach, Orange, Santa Ana, Westminster, and many other southern California cities.


    Through our intrepid efforts, all of our different dealers have been committed to outstanding customer service and the kind of service you’d want to offer to your family members. Have doubts? We’re not surprised, many people come to our dealerships expecting the regular sort of treatment that ordinary car dealerships give. Do our customers leave our Tustin California location surprised? Yes, without a doubt. Our customers wonder why they haven’t visited our Orange County car dealers before when the level of customer support is so outstanding that you might mistaken our dealerships for luxury spas.


    Orange County car dealers deliver service and support for owners of vehicles. You expect treatment, satisfaction and real, authentic brand experience that make car ownership a real relationship between you and two tons of engineered human ingenious packaged with a shiny paint job. The level of authenticity depends of course on which dealers in the OC you can turn to when your vehicle needs help. All of our individual brands have quality that shines through the mass of cars you see every day when driving on the 405. Contact any one of our locations – there is a customer support member just waiting for your phone call.

    U. S. Market Share for the Top Five Automakers – Motor Trend

    #auto share

    Closing in on Western Europe s 18-18-18 Model?

    Closing in on Western Europe s 18-18-18 Model?

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    Even before General Motors and Chrysler Group s summer 2009 bankruptcies, the U.S. auto industry was moving toward a Western European model. There, the largest automakers, Volkswagen Group, Ford. and Renault (or, sometimes Peugeot/Citroen) each have about 18 percent market share. VW leads, but none of the three dominates in the manner that GM has dominated the U.S. market for much of the last century.

    GM s market dominance was so big, in fact, it didn t look to be in serious trouble until market share sank to about 25 percent, half of what it was in the 1960s and 70s, when European and Japanese automakers were minor players.

    GM wouldn t be making it with its current market share if it still built Pontiacs, Saturns, Hummers, and Saabs, let alone Oldsmobiles. After it announced that it would cut Pontiac in April 2009, while preparing for bankruptcy, then-CEO and president Fritz Henderson said a reconstituted GM would be able to make money even in a year with just 10 million car and light truck sales in the U.S. Though not specified, the assumption was GM needed 18-20-percent market share of that 10 million to make money.

    By late last autumn, the industry was looking at a 12.9-million calendar year 2011. The top three automakers were hovering a bit closer to that 18-18-18 model. GM said it was retaining most of its old Pontiac and Saturn customers, and Ford said it was doing the same with Mercury customers a year after killing that brand. Toyota was second-largest by market share in 2009 and on its way to 18 percent when its quality reputation took a hit in 10, and Ford became resurgent. Toyota might have bounced back in 11 if not for the earthquake and tsunami. Honda fell behind Chrysler, which was turning things around and took back fourth place in U.S. market share.

    Market share figures for 2008 to 11 are for the full 12 months. The shares for CY11 cover the first 10 months. We expect Honda s share to rise slightly and Toyota s to increase significantly for the last two months of the year, as the latter gets more new 12 Camrys onto dealer lots. We ll update the numbers in a couple months.

    Uber program offers auto loans to subprime borrowers – Nov. 5, 2014

    #bad credit auto financing

    Uber program offers auto loans to subprime borrowers

    Uber has a new controversy on its hands.

    Uber doesn’t make auto loans itself; it connects drivers to lenders like Santander Consumer USA, which make loans that can be paid off via deductions from their Uber paychecks.

    The loan program was highlighted Tuesday by tech blog Valleywag, which noted that Uber has been pitching the program specifically to borrowers with poor credit.

    “Even if you have bad credit or no credit at all, we can help you get behind the wheel in a week,” the company says in a promotional video.

    Valleywag quoted a number of alleged Uber drivers complaining about the terms of the loans, which one described as “just laughably bad, and left for the desperate and/or uneducated.”

    5 stunning stats about Uber

    Loans to subprime borrowers — those with poor credit who face harsher repayment terms as a result — played a central role in the 2008 financial crisis. In recent months, federal regulators have reportedly been investigating subprime auto lenders amid concerns about onerous rates and a potential bubble in the sector.

    Uber declined to comment on the rates drivers are offered, but it defended the program, saying it “provides drivers with discounts on cars as well as access to financing that may not otherwise be available to them.”

    “We’re very proud of the fact that thousands of our driver partners have participated in the program and collectively saved millions of dollars to date,” the company said.

    In a blog post announcing the program last year, Uber CEO Travis Kalanick said the loans were low-risk because drivers “have a robust, reliable cash flow through the Uber platform.”

    Santander declined to comment.

    This kind of criticism is nothing new for Uber. The company has faced repeated protests from drivers over its fare policies, and has tangled with regulators in a number of cities as it aggressively expands. It’s also taken heat for sending thousands of fake ride requests to rival car-hailing service Lyft.

    CNNMoney (New York) November 6, 2014: 3:48 PM ET

    Steel Master – Auto Shop

    #auto shops

    Auto Shops

    SteelMaster prefabricated steel and metal buildings are the perfect solution for an auto shop or workman s garage. Our buildings are easy to assemble and come in a variety of widths, lengths and heights, allowing you to quickly design and build an auto shop that suits your needs. Our auto shop buildings are even available in heights tall enough to fit a lift.

    In addition, SteelMaster s steel garage buildings feature a clear span design and 100 percent usable space so that you can easily create a custom area for working on your vehicles. You can also hang lighting, run conduit, build shelving, add a loft, insulate and heat and/or cool your building.

    Our auto shops are the perfect place to organize, store and protect your valuable tools and machinery. When you buy a SteelMaster metal garage building, you can trust that you re purchasing a structure that will provide a lifetime of security and durability against fire, snow and other types of foul weather.

    Contact one of our project specialists today to discuss the details of your auto shop project and to receive a quote.

    Click on the images below to zoom.

    Travel, Cheap Airfare, Car, Hotels, Vacations, Cruise Deals, Discount Flights

    #cheap car

    If you’re searching for the best deals in cheap flights and cheap hotels. not to mention deals on car rentals and vacation specials — Cheapfares.com is for you. Cheapfares.com is the Internet authority in finding the best deals in cheap airline tickets, cheap hotel tickets and, yes, vacation specials in the USA and throughout the world.

    Low cost airfares are a specialty of our site. After all, we offer all of the best travel site deals for air travel. And our combo deals on cheap hotels and flights will amaze you. And when you get to your destination, we know that sometimes you want to be able to get around on your own, so we also make sure that we offer fantastic deals on car rentals .

    You’ll also find great deals on vacation packages to some of the most popular destinations in the USA and the world. Want a vacation package to Hawaii? No problem, when you search the vacation packages offered at Cheapfares.com. And vacations in Hawaii are just one of our thousands of vacation deals throughout the USA and the world.

    With Cheapfares.com, you have the advantage of finding the best in airfare. hotel. rentals and vacation package deals. offered by some of the top travel sites on the Web, in one place—Cheapfares.com. There’s no need to wander from site to site in search of cheap airline tickets or great hotel deals. You’ll find them all on our website, saving you time (and money).

    Wherever you want to go, take advantage of the great deals at Cheapfares.com.