Sell My Car or Buy My Car with


#sell my car
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Sell My Car to webuyanycar.com?

We value your car in seconds and can buy your car in minutes

At webuyanycar.com it is our mission to give a fair and competitive price for every vehicle brought to us by people looking to sell their car. We are 100% guaranteed to make an offer to buy your car regardless of the vehicle’s price, condition or age. We purchase cars from thousands of customers every week at local branches across the UK, meaning if you have a car to sell, we could buy it in minutes.

The thought can be all too familiar: “I want to sell my car and make sure I get a good price based on a fair car valuation!” however getting the right price for a vehicle can often be tricky. At webuyanycar.com, we give fair and accurate valuations based on the current market value of your vehicle and condition of your car. It’s our aim to give everyone who is ready to sell their car a great price, matching the valuation given on our website if the condition is as stated once we check it over at your local branch. That’s what makes webuyanycar.com the nation’s favourite car buying service!

Let us get the wheels turning on your car sale from the comfort of your sofa with our instant online valuation tool. Simply enter your car’s registration and get a free, no obligation, quote from our car valuation system in seconds. You can book an appointment with one of our car buyers at your local branch and the money will be put straight into your bank.

With well over 200 branches across the UK, selling your car couldn’t be easier. Our friendly car experts are waiting to walk you through the simple car selling process and finalise your offer. With our new Premium Payment service, the money could be in your account within the hour!

Selling your car does not get any easier than this, so find out how much your car is worth right now with webuyanycar.com.


Refinance Auto Loan with Bad Credit – Car Loan Refinancing at Low Rates


#auto refinance with bad credit
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Best Car Refinance Loans for Bad Credit Situation

You may think of applying for a refinance auto loan for bad credit program if you are facing some difficulty in paying monthly instalments on your existing poor credit auto loan. There could be loan dealers that might be willing to provide you new credit for getting rid of your unaffordable car loan. Auto refinancing loans have lower interest rates. Carloansnomoneydown.com can assist you to find auto loan refinancing with bad credit in your state.

Valid Reasons for Getting Low Rate Bad Credit Car Refinance Loans

Most people usually consider securing bad credit auto refinance loans for the below mentioned reasons.

  • To take advantage of lower rates of interest and for obtaining better loan repayment terms.
  • For reducing monthly payments drastically and making them more affordable thereby saving money.
  • Save some dollars every month on interests depending on the duration of the new loan.
  • Pay monthly instalments regularly and improve credit ratings within a stipulated time frame.
  • Helps in avoiding a bankruptcy like situation particularly if it is a broad consolidation package.
  • Secure program which allows deferment of monthly car payments by 30 or 60 days.

Know How the Refinancing Car Loan Bad Credit Actually Works

  • Search for online lenders that specialize in providing refinance auto loans for bad credit situations.
  • Obtain free non-binding quotes from 4 to 5 different specialized loan dealers and compare them.
  • Choose the right lender for your circumstances and give details of annual income, credit score and debt.
  • Inquire about registration, processing or any other kind of fees with the lender that has been chosen.
  • Apply by filling an online application form and get approved. On closing of the deal, the new lender will pay current unpaid loan and car title will get transferred to new lender.

Explore Other Options to Refinancing Car Loans with Bad Credit

Although it could be possible to secure a low rate refinancing car loan with bad credit, obtaining an approval from one of the specialized lender can be a challenging proposition.

Besides, there could be few vital factors which you need to be aware of prior to researching various bad credit auto loan refinance options that are available at your disposal for getting your vehicle refinanced. Some of these are:

  • You can think of trading-in your present vehicle for paying the existing loan.
  • To qualify for lower bad credit auto loan refinancing rate take steps to build improve some credit.
  • Existing unaffordable bad credit car loan can also be paid-off by obtaining an easy to get unsecured auto loan.

Some Important Benefits Offered By a Bad Credit Car Loan Refinance

  • Lower rate of interest and loan amount
  • Obtain a new loan repayment schedule
  • Monthly payments are easier to manage
  • Get loan finance despite having bad credit
  • Opportunity to customize your existing car
  • No need to pay any commission to resellers
  • Have chance to take advantage of special offers
  • Work with top rated lenders in the car loan market

Refinance Car Loan With Bad Credit From Carloansnomoneydown

At Carloansnomoneydown.com, we teach people the steps for refinancing auto loan with bad credit and enhance chances of qualifying for a solution that fits their specific type of financial needs.

Get started with the process to drive a vehicle by refinance your car loan with bad credit, Apply Now to refinance your car loan online


Refinancing a Mortgage With Bad Credit


#refinance auto loan with bad credit
#

Refinancing a Mortgage With Bad Credit

June 1, 2013

/refinancing-a-mortgage-with-bad-credit-3440 Bad Credit 1170 Refinance Articles Mortgage Loan

So you’re looking to refinance your mortgage but you’ve got bad credit. What can you do?

First of all, don’t panic. Although banks have tightened up their lending standards in recent years, it is still possible to refinance your mortgage even with a blot on your credit history. That’s the good news.

The bad news is that getting a refinance or other home loan gets progressively more expensive the lower your credit score is. So the question may not be whether you can refinance your mortgage, but if you can do so on terms that make it worthwhile.

How much will you have to pay?

Depending on how poor your credit is, you may not be able to get a rate as low as you had hoped. A borrower with a credit score of 620 can expect to pay a rate about 1.5 percentage points higher than a borrower with perfect credit on the same loan, assuming the bank will approve them in the first place.

A higher, but still-blemished score of around 680 may mean that you’ll pay only about half a percent more than a borrower with a “perfect” score of 760 or more. Bear in mind, however, that other factors, such as the amount of home equity you have, will affect your rate as well.

Borrowers with a credit score below 600 will generally have a tough time refinancing. There may be a few lenders that will approve them, but they can expect to pay a rate considerably higher than other homeowners.

If your poor credit rating is due to a serious mortgage delinquency (a missed payment more than 90 days late), you likely won’t be able to refinance. A loan modification may be a more realistic option. Contact your mortgage servicer (the company you send your mortgage payments to) to inquire about options.

However, if your poor credit is due to lesser factors, such as an occasional late car payment or high levels of credit card debt. and you’re currently paying a high rate on your mortgage, you may still be able to refinance even if you don’t qualify for the lowest rates available.

Should you refinance?

Even if you can’t qualify for the lowest mortgage rates, it may still be worthwhile to refinance if you’re currently paying an unusually high rate. The general rule of thumb is you want to be able to reduce your rate by a full percentage point to make refinancing worthwhile, though a smaller reduction can work if you plan to be in the home a long time.

It also makes sense to refinance if you have an ARM that’s about to reset to a higher rate or require a balloon payment. Because interest rates are currently low, it isn’t likely that a regular ARM will reset to a significantly higher rate right now. But if you have an interest-only or option-ARM, you could end up with dramatically higher payments if you don’t refinance.

Get rates from multiple lenders

The key to refinancing with bad credit – or any time you’re looking for a mortgage, in fact – is to shop around. Different lenders and brokers cater to different parts of the market, and some of them specialize in loans to people with weak credit. And it doesn’t cost anything to shop around.

Obtain your credit score (more on that below) and contact 6-10 lenders and see what sort of terms they offer. Include several mortgage brokers in your list – brokers don’t actually make loans themselves, but work with a variety of lenders to find the best rate and mortgage terms for you. It may take some digging to find them, because their web sites and advertising can be very similar to those of actual lenders.

Brokers are useful because they know which lenders are willing to work with bad credit borrowers. It’s true that they get paid a small slice of every mortgage they help originate, but because lenders offer them discounted terms, it usually evens out in the end for the borrower.

It won’t hurt your credit score to shop around with a bunch of different lenders. Credit reporting agencies recognize that people may inquire at multiple lenders when shopping for a loan and don’t mark down scores for multiple credit inquiries if they occur in a short period of time, say a month or two.

Fixing your credit score

If you’ve got bad credit, the best way to qualify for a mortgage is to try to improve it. There are two ways to do that: by improving your credit record and correcting any errors there may be in your credit reports.

The quickest way is to correct any errors in your credit reports. By law, you’re entitled to a free copy of your credit report each year from each of the three major credit reporting agencies – Experian. Equifax and Transunion. You can order them through the official web site, http://www.myfico.com.

Once you have your credit reports, check them for any errors regarding your payment history on the credit accounts listed. If you find one, contact the credit agency that produced the report to inform them of the error. Be prepared to show the report is in error by submitting copies of your own payment records.

To improve your credit history, the main thing is to make a habit of paying your bills on time. However, many people are surprised to learn that they can improve their score dramatically within 30 days simply by paying off high- balance credit cards.

If your balance exceeds 25 percent of your credit limit on any card, it’s going to hurt your credit score. If you have savings or other resources you can draw on to pay down revolving debts, it might make sense to do so if refinancing would provide a significant economic benefit for you.

About your FICO score

While you’re checking your credit reports, you might want to go ahead and obtain your FICO credit score from at least one credit reporting agency. Note that while you’re entitled to obtain a free copy of your credit report every year, you normally have to pay to obtain your actual FICO credit score. You can get your Transunion or Equifax score for $20; Experian does not provide FICO scores directly.

You can sometimes get a “free” FICO score by subscribing to a credit reporting service, but since you’re paying for that, it isn’t really free. The credit reporting agencies will often include a credit score with your free credit report, but be aware that won’t be a FICO score, which is the one mortgage lenders typically use.

The nice thing about having your actual FICO credit score (though it may vary somewhat among the three agencies) is that it lets you know just where you stand in terms of credit. That way, you have a better idea of what your chances are of refinancing, what sort of rate you may have to pay, or how much you need to improve your score to get a better rate.


Refinance A Car Loan Easily With CARS Inc.


#refinancing auto loan
#

At CARS, We Make It Easy to Refinance a Car Loan!

Since 1998, we have helped over 75,000 customers refinance well over $1.5 Billion in auto loans. We are experts when it comes to helping a customer refinance a car loan. Our streamlined refinance process is designed to ensure that you, the customer, receive outstanding service and flawless execution. There are various reasons to refinance an auto loan and we are proud to work with top rated lending partners that offer the most competitive loans in the market. Unlike some other auto refinance companies. there is never any cost to apply and there is absolutely no obligation when you work with CARS!

How to Refinance Auto Loans With CARS

Many people don t realize how fast and easy it is to refinance a car loan and get a rate and payment they deserve. Our commitment, and that of our well respected lending partners, is to help you through every step in the process. If you ever have any questions or concerns, our friendly representatives are just a quick phone call away.

Getting Started

The first step to refinance a car loan is completing an application, which takes only a few minutes. This can be accomplished via our secure online application or by calling us at 1-800-779-2111. To expedite your application, you should have general information about yourself (and co-applicant if applicable), your vehicle and your current auto loan. Specifically, it helps to have the name of your current lender, your estimated loan amount, and the Vehicle Identification Number (VIN) of your vehicle. The VIN is commonly found on your insurance card or vehicle registration. If you ever have any questions about how to refinance your auto loan, we are here to help!

Reviewing Your Options

Once your application has been processed and approved by one or more of our lenders, a Loan Officer will contact you to clearly explain the refinance options that are available. The Loan Officer will listen to your goals for refinancing, customize the loan to meet your needs, and answer any questions you may have.

Completing the Process

If you approve of the refinance loan proposed by the loan officer, then easy to complete loan documents will be prepared and delivered to you. You can review and sign the loan documents in the comfort of your own home. The terms offered to refinance a car loan are time sensitive, so we ask that you review, sign and return the documents within a couple days. The package you receive includes clear directions for signing the paperwork and returning the documents. It is that easy to submit your application to refinance your car loan.

Once we have your signed documents, Loan Processors review everything one more time and then work directly with your new lender to ensure that your existing loan is paid in full in a timely manner, typically within 10-14 business days. You never have to visit the bank or your license bureau, everything is handled for you!

That s How Easy It Is To Refinance A Car Loan

If you ever have any questions or if you would simply like to discuss reasons to refinance an auto loan, we are here to help. We take the confusion out of the process to refinance a car loan, and strive to make the experience quick and easy.

Get Started Saving Now!

Click here to apply online, or call us at 1-800-779-2111. We re here to help you get the rate and payment you deserve!


Reach for the Keys with an Auto Loan of Your Choice


#refinance auto loan rates
#

Auto Loans

    2015-11-28T06:43CST bvseo_cps, prod_bvrr, vn_cps_3.1.6 cp_1, bvpage1 co_hasreviews, tv_0, tr_350 loc_en_US, sid_AL_Family, PRD, sort_relevancy clientName_applefcu
    bvseo_sdk, net_sdk, 2.2.0.2 getAggregateRating, method:CLOUD, 62ms REVIEWS, PRODUCT

Easy Application Process. Quick Decisions. One Great Experience.

Imagine loving your payments as much as you love your new car. It’s possible with our great rates and flexible terms.

Features:
  • Up to 115% financing available
  • Flexible terms up to 84 months
  • No hidden costs or early payoff penalties
  • Guaranteed Savings with our FREE Car Buying Service
  • On-site Apple financing available at Partner Dealerships
  • Easy, online payments in NetBranch Online Banking
  • Apply in a branch, over the phone or online.

Get Pre-approved

Simplify the car buying process and shop like a “cash buyer” with a same-as-cash Apple Auto Loan Check. This helps you focus on the actual selling price of the car, rather than keeping track of the interest rate, down payment, loan term and trade-in. Plus, because you know exactly how much you can spend, you won’t feel pressured into buying outside of your budget. Apply now to get started.

How to Speed Up Your Loan Approval

Save trips to the branch, limit the need for follow-up and get a faster response to your application request. Gather and provide the following documents when you apply for your Auto Loan:

  • Driver’s License, U.S. Military or other state-issued photo identification
  • Recent paystub, W2 and/or filed and signed tax returns (for self-employed individuals)
  • Auto Insurance Declaration Page
    • The auto insurance declaration page is a summary of your auto insurance policy. Declaration pages are issued upon the inception, renewal or revision of a policy and must be submitted to any lienholders.

When you’re ready to buy, we’re here to help!

Ask a Question about our New Auto Loan

Imagine loving your payments as much as you love your new car. It’s possible with our great rates and flexible terms.

Features:
  • Up to 115% financing available
  • Flexible terms up to 84 months
  • No hidden costs or early payoff penalties
  • Guaranteed Savings with our FREE Car Buying Service
  • On-site Apple financing available at Partner Dealerships
  • Easy, online payments in NetBranch Online Banking
  • Apply in a branch, over the phone or online.

Get Pre-approved

Simplify the car buying process and shop like a “cash buyer” with a same-as-cash Apple Auto Loan Check. This helps you focus on the actual selling price of the car, rather than keeping track of the interest rate, down payment, loan term and trade-in. Plus, because you know exactly how much you can spend, you won’t feel pressured into buying outside of your budget. Apply now to get started.

How to Speed Up Your Loan Approval

Save trips to the branch, limit the need for follow-up and get a faster response to your application request. Gather and provide the following documents when you apply for your Auto Loan:

  • Driver’s License, U.S. Military or other state-issued photo identification
  • Recent paystub, W2 and/or filed and signed tax returns (for self-employed individuals)
  • Auto Insurance Declaration Page
    • The auto insurance declaration page is a summary of your auto insurance policy. Declaration pages are issued upon the inception, renewal or revision of a policy and must be submitted to any lienholders.

Apple does not finance used vehicles older than seven (7) model years old.

Ask a Question about our Used Auto Loan

Do you have an auto loan with another financial institution? See if Apple can lower your monthly payments!

Features:
  • Up to 115% financing available
  • Flexible terms up to 72 months
  • Vehicles up to 7 model years old are eligible
  • No hidden costs or early payoff penalties
  • Easy, online payments in NetBranch Online Banking
  • Apply in a branch, over the phone or online.

How to Speed Up Your Loan Approval

Save trips to the branch, limit the need for follow-up and get a faster response to your application request. Gather and provide the following documents when you apply for your Auto Loan:

  • Driver’s License, U.S. Military or other state-issued photo identification
  • Recent paystub, W2 and/or filed and signed tax returns (for self-employed individuals)
  • Auto Insurance Declaration Page
    • The auto insurance declaration page is a summary of your auto insurance policy. Declaration pages are issued upon the inception, renewal or revision of a policy and must be submitted to any lienholders.
  • Current Lienholder name and payoff address
  • 10-day payoff amount
  • VIN and other vehicle information, including mileage and features.

When you’re ready to refinance, we’re here to help!


Private Party Auto Loans With Bad Credit


#private party auto loans
#

Private Party Auto Loans With Bad Credit

April 12, 2013

Private party auto loans are one option for auto purchase financing. Private party loans often require thorough documentation, but may be a more available and reasonable option for individuals with less-than-perfect credit history.

CarsDirect Financing

CarsDirect helps more credit-challenged customers find car loans than any other website in the country. The company works with a network of dealers who specialize in car loan financing. The dealer has access to a number of financial institutions and will shop around to find you the best deal. Just fill out a simple application and you will be on your way to receiving a car loan.

What Is a Private Party Car Loan?

A private party auto loan is a used car loan that allows you to finance a vehicle through a private party or individual in place of a dealership. There are many advantages to opting for a private party loan, and depending on your circumstances it could save you a lot of money.

Private Party Auto Loan Advantages

Going with a private party car loan opens up several options to you as a consumer. There are a number of banks, credit unions and financial institutions with varying car loan rates all competing to service you. The Internet is a great resource to compare rates from different companies, and there are online brokers that will connect you directly with an auto loan lender to give you a quote within minutes.

If you have bad credit then a private party loan is probably your best bet. Because you can pick which loans to apply for, you can choose only loans that are accepting of people with a bad credit rating. It’s important to realize that getting turned down on a loan can actually lower your credit score. You will also be able to find private party loans that do not require a down-payment, however if possible it’s recommended to pay at least a little up front to lower your monthly bill. Private party loans typically have shorter payback periods resulting in higher interest rates. However, don’t be put off by this because you can actually end up paying more on a loan with a longer payback period even if it has a lower interest rate. Also, with a shorter payback period It is more likely that your car will still be worth something when you are done paying off your loan.

Private party auto loans can also give you an advantage when negotiating with the person selling the car. Used car salesmen working at dealerships are trying to sell several cars to multiple people on a daily basis. This means that their knowledge of a car in question can only run so deep. With a private party loan you are typically dealing with the previous owner of the car so you should be able to get better information about the vehicle’s history and any problems you should be aware of before you buy it. Another advantage in the negotiation process with private party loans is that you have to be approved before you make an offer for a car, and therefore you already know your spending limit. This allows you to take a hard stand with people when negotiating the price you can afford to pay, whereas a dealer may try to persuade you to borrow more through their financial services.

Private Party Auto Loan Disadvantages

There are several disadvantages to this kind of car purchase loan.

Loan Term

One of the disadvantages of private party loans is the length of the loan term. For auto purchase loans, the loan term length can be as long as six years. However, private party loans often are for a substantially shorter length of time. Usually, the a private party loan is offered for a maximum of four years or 48 months and very often private party loans are only offered for 36 months. For a borrower who is looking for a much longer period to finance the purchase of their car – and lower their monthly payments as a result – a private party loan can have serious disadvantages.

The ultimate result of a shorter loan term is that you are paying the same principal for the purchase of the car, but you are paying a higher amount of interest. This results in higher monthly payments, overall when compared to auto loans that are financed through a dealership finance company.

Interest Rates

Another disadvantage of private party loans are the standard interest rates charged for these kinds of auto purchases. Typically, car loans obtained from the dealership may have largely reduced interest rates and may even be offered at zero interest if certain restrictions and requirements are met at the time of purchase. However, it is also possible to comparison shop for favorable interest rates if a borrower is able to dedicate enough time to this task.

Dealer Incentives

One of the features that many dealerships have been advertising of late are dealer incentives that provide for purchase security should a borrower lose their job or income. However, in order to take advantage of these incentives, a borrower must make their purchase finance arrangements through the dealer financing company. By using private party loans, borrowers eliminate their ability to take advantage of these incentives, which could be significant if they find themselves without a job and unable to meet their financial obligations as a result.

Negotiating Disadvantage

The entire process of purchasing a car usually involves a great degree of negotiation, including not just the purchase price, but also the interest rate and the monthly payments. In most cases private party loans require pre-approval before the actual purchase of a car. This greatly reduces the ability of a borrower to negotiate since they are already locked into their loan obligation when they walk into the dealership.

This can also be somewhat of a disadvantage even if purchasing a car from a private party, since pre-approval is usually needed before even approaching a seller. Here again, borrowers may find themselves locked into a loan that is larger than their actual needs and regret it every time they make their monthly payment.

While private party auto loans can be an attractive option in dealing with a finance department of a dealership, they offer specific and significant disadvantages when it comes to the length of the loan, interest rates and ability to negotiate those rates and monthly payments.

How to Research Private Party Auto Loans

If you are car shopping and looking to purchase a used car from someone other than a car dealer, you will probably need to research some private party car loans. Use the following steps when conducting your research.

  1. Find lenders. Since the only difference between a private party auto loan and a traditional car loan is the fact that no dealer is involved, regular lenders will likely be able to supply you with a loan. The only lenders which are now out of the picture are captive finance companies, meaning that banks are still viable loan sources. Other options when looking for a private party loan are local credit unions. You may find them online or in a phonebook.
  2. Submit loan applications. The lenders you find will be able to guide you through the loan approval process. You should be 18 years of age or older; have proof of income of at least $1,800 a month; have proof of residence; not be bankrupt; and have a social security number. More may be required by certain lenders and they will tell you if this is so.
  3. Compare approvals. After submitting applications and getting approvals, you may compare them to find the best deals. Details to compare are loan rates, additional fees and any special options which you feel will be beneficial.
  4. See what kind of interest rates you can get

Researching private party auto loans can help you purchase a used car and save money on the loan for the best deal possible.


Philadelphia Auto Show gets in gear with Black Tie Tailgate


#philly auto show
#

Philadelphia Auto Show gets in gear with Black Tie Tailgate

Friday, January 30, 2015

PHILADELPHIA (WPVI) —

Dressed to the nines, people filed into the Pennsylvania Convention Center for the 2015 Philadelphia Auto Show Black Tie Tailgate.

Friday night it was all about the kids. Proceeds from the tailgate benefit the neonatology division at Children’s Hospital of Philadelphia.

This year’s tailgate has raised more than $425,000.

“This is mostly research money. We’re hiring research people, we’re doing pulmonary research and airway research and neurology research,” said Dr. William Fox, CHOP Neonatology.

Glamour, glitz, fast cars, food and dancing – kicked off the nine day event where people can roam 700,000 square feet filled with automobiles from 40 manufacturers here in Philadelphia.

6abc is a proud sponsor of the event.

“The economic impact of this show on the region is over $40 million. Every year it grows,” said John McNichol, CEO of Pennsylvania Convention Center.

Whatever your pleasure from the exotic to the conventional.

“Pretty much all the new models,” said Jenna Manzione.

You can touch and even sit inside.

“I love it. It’s really cool,” said Lori Nolan.

“They use this as a spring board to go out and buy a car. It’s a really great way to come down and see cars – there’s no hassles, there’s no salesmen on top of you,” said McNichol.

Consumers use the auto show to look for new trends. Expect this year’s choices to reflect low gas prices.


New Study Reveals States With Lowest Auto Loan Rates


#lowest auto loan rates
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New Study Reveals States With Lowest Auto Loan Rates

Just the Facts:

  • The U.S. states with the lowest average auto loan rates are Michigan, Oregon and Alaska, according to a new study by GoBankingRates.com.
  • The study said the states with the highest average rates are Rhode Island, Connecticut and New Jersey.
  • GoBankingRates.com found the nationwide average interest rate for a loan on a new vehicle is 3.65 percent.

LOS ANGELES A new study by GoBankingRates.com says the U.S. states with the lowest average auto loan rates are Michigan, Oregon and Alaska. The states with the highest average rates are Rhode Island, Connecticut and New Jersey.

The study found that the average interest rate nationwide for a loan on a new vehicle is 3.65 percent. In general, states on the West Coast have the lowest overall rates, while the Northeast has the most states with rates of 4.01 percent or higher.

GoBankingRates.com partnered with Informa Research Services to gather online data from more than 4,000 U.S. banks and credit unions. The study looked at the base interest rates for new-car loans as of July 24, 2013, for terms of 36 months, 48 months and 60 months, then averaged the findings from each state to arrive at the rankings.

Michigan, the traditional home of the U.S. auto industry, turned out to have the lowest statewide average: 3.03 percent. The best rates in Michigan were 1.49 percent for 36 months, 1.49 percent for 48 months and 1.75 percent for 60 months.

Oregon and Alaska each averaged 3.04 percent, according to the study. Rounding out the top 10 were New Hampshire, South Carolina, Vermont, Oklahoma, Utah, Washington and North Carolina, with rates ranging from 3.08 percent to 3.31 percent.

The worst rates were found in Rhode Island, which averaged 5.11 percent. Other bottom-10 results included Connecticut, New Jersey, Massachusetts, Louisiana, West Virginia, Delaware, Mississippi, Pennsylvania and the District of Columbia, with rates from 4.82 percent to 3.95 percent.

Although the study makes for interesting reading, rates within each state vary widely, so the compiled averages don’t tell consumers the whole story. A car shopper in Rhode Island, the state with the worst average, may find a local financial institution offering a rate equal to or better than the lowest one in Michigan, which had the best average.

As GoBankingRates.com advises, “When it comes to affordable financing, there are always great options available on the local level, and it’s up to the borrower to find them.”

In a recovering economy it’s particularly important to shop around for the best rate. For some time, many automakers have helped keep interest rates low through subsidies and incentives that increased sales. As the economy improves, says GoBankingRates.com, interest rates are on the rise.

But for now, the site notes, “car buyers continue to enjoy some of the lowest financing options available.” It just takes diligent comparison shopping to root out the best deals.

Edmunds says: As always, it pays to do your homework before walking into a lender’s office or car dealership.


Maximize Your Car Trade-In Value with These 5 Tips


#auto trade in value
#

5 Ways to Increase a Car s Trade-in Value

The day had finally come and it was time for me to sell my car and obtain an auto loan to buy a brand new vehicle. My old, battered Honda Civic was still in great running condition, and with nearly 180,000 miles on the odometer, had accompanied me on many journeys. But it had seen better days, and the rust, the peeling paint, the nicks and the dents all but convinced me that its trade-in value would be modest at best, backed by all the research I did on its overall worth.

What came as a surprise upon selling it was that I was offered nearly double its Kelley Blue Book trade-in value (and this was after my generously sentimental appraisal of my old four-wheeled companion). That was last year, and some reliable sources have since informed me that the car has had not one, but two possible owners since I sold it, a clear indication that it s further retained what value it still has.

I discovered that day that the trade-in value of my car was much higher than I expected due to a number of relative factors and, that I underestimated its said value due to being misinformed about trade-in values in general.

Granted, it fetched a higher dollar amount since I sold it instead of trading it in, but that s OK. If you re looking to part ways with your vehicle, don t go unprepared. When you understand what affects your car s worth, you ve got a clear path to knowing how to maintain or even raise its value. It can earn you more money for your old ride, therein saving you money when upgrading to a new one, especially when an auto loan is concerned.

How Are Trade-In Values Determined?

To calculate trade-in value, visit the Kelley Blue Book website. You ll be asked to enter the make, model, year, mileage, features and condition of your car, plus whether you re looking to trade it, sell it or if you re just curious for a dollar figure.

But the Kelley Blue Book price goes beyond those simple details. Priced high or low, the trade-in value of cars takes into account other important details.

1. Brand

What s really in a name? A whole lot, according to the writers at High Gear Media. The first name of a vehicle can have a tremendous effect on its resale value, regardless of the condition or quality of the vehicle in question, they said. So, even if your Geo Prizm or Ford Pinto is in tip-top shape, it probably won t command that much coin in the trade-in process.

On the other hand, marques relied on for their reliability namely, Japanese automakers like Honda, Toyota, Subaru and Mazda do demand high resale values, as do many luxury car makers.

2. Transmission

Despite claims that they re better at connecting the driver to the car and to the road, stick shifts have declined in popularity in recent years in favor of the more passive P-R-N-D-3-2-1 of an automatic transmission. In general, an automatic transmission will recoup its cost, typically between $1,000 and $2,000, writes High Gear Media.

And while manual transmissions won t exclude you from trading in, it can be made more difficult due to their decreased demand.

3. Paint, Tech and Mods

Your car s garishly neon pink color is for few people in this world of freeways lined with sober, silver-hued vehicles. So too might be your car s super-hi-fi stereo, which could actually backfire on the resale value if you spent more on it than the car.

Though your Toyota Corolla might hold a solid auto trade-in value, aftermarketing it into a super-modified, super-charged, super-rimmed Formula 1 wannabe won t do you any favors on the resale front. Upgrades and options can detract from a car s value.

4. Mileage

It s worth repeating that mileage affects your car s worth. Even when the exterior, interior and mechanical conditions are ideal, too many miles means a shorter lifespan for your car, and will be reflected by low trade-in values.

Getting the Best Car Trade-in Value

According to Edmunds.com, a new car depreciates in value up to 9 percent in the first minute it s driven off a dealer s lot. After five years, your car holds only 40 percent of its true market value and that s without all the other considerations that can reduce its trade-in value.

Before taking your car to sell or trade in, consider spiffing it up with five of these value boosters.

1. Make Repairs

From major engine problems to minor maintenance issues or cosmetic, paint or upholstery defects, a vehicle in solid running order is one of the most fundamental value boosters. The goal is, after all, to sell your car so someone else can drive it.

Nationwide suggests talking to your mechanic to see if repair costs will outweigh trade-in value. No need to fully restore your car, but a vehicle in like-new condition makes a good lasting impression.

2. Keep It Clean

Wash your car! As well as wax and detail it, too. Appearances count, and if the first thing a buyer or dealer sees is a filthy car, he won t even bother looking under the hood to see what s inside. A few hundred dollars (or less) for a quality car wash could increase the value of your car by thousands.

3. Keep Records

Websites like Carfax.com will have your vehicle s history on file based on its VIN number. Take it to the next step by saving copies of your maintenance and repair receipts. Document everything from oil changes to servicing.

Documenting the vehicle’s service history can increase its value by showing that it’s been well maintained, according to Nationwide.

4. Get It Appraised

Kelley Blue Book or NADA guides can only estimate what your car is worth. Contact a professional appraiser for a full inspection and true valuation of your vehicle. In tandem with repairs made from your mechanic, this will give you more bargaining power when going to trade in your car, and hopefully more value for your ride.

5. Don t Settle

If you ve learned to not take the first offer that comes along from a dealer when shopping for a new car, don t settle for the first dollar figure given to you on a trade-in. One of the best ways to increase the trade-in value of your vehicle is to shop your car around to several places and people for the best offer you can get. You never know when the next dealer will give you top dollar for your investment. And remember: it is an investment.

I realized that my car was worth more than I expected, even in its battered state. If I had done my homework and taken the steps above to improve its resale and trade-in values, I might have gotten an even higher offer.

Remember this when it s time to trade in your vehicle. You might miss the times you had together on the road but you won t miss the added savings your old friend brings you when it s time to buy a new vehicle.


Loan Amortization Calculator – A Free Online Loan Amortization Calculator With Data Table


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Loan Amortization Calculator

A Loan Amortization Calculator For Any Purpose

The loan amortization calculator is intended to show you how your loan will work month-by-month, including information about:

  • Your monthly payment
  • How much of your loan gets paid off each month
  • How much of your monthly payment goes to interest each month
  • How much you’ll owe on your loan at any point in time

The loan amortization calculator includes an amortization table for your reference.

For more details on the results of your calculation, read How Amortization Works. If you want to dig into the numbers even more deeply, find out Calculate Loans on Your Own.

Instructions

Fill in the required information related to your loan, and click the Calculate button. A table will appear below the loan amortization calculator with the information described above.

You may want to plug the loan amortization calculator’s output into Excel or another spreadsheet program so that you can work with the numbers even further (for example, you might calculate how much interest you’ll pay over the first 10 months of your loan). The best way to do this is to select the data starting outside (above, for example) of the table. Or, use a pre-built Excel loan calculator template.

The loan amortization calculator can be used for your auto loans, home loans, or any other straight-line amortized loans. It does not work with credit card loans or other revolving loans.