Money for a Car: A Guide to Auto Financing
Nobody wants to be the dumb buyer in a car buying deal. You have to be smart or you end up losing more money than you ought to. It is a very common scheme among car buyers to first get money in order to buy a new car.
The term is called “auto financing” and it simply means how you pay for a vehicle. You can finance a car by taking out an auto loan to own a car, in which case, you have two options: You either use the money from the loan to buy the car, or use it for lease.
If this isn’t your first time buying a car, you might already know that the salesman or your car dealer will be checking your credit report before starting with the negotiations. But this is not the only way you can go to get that new car of yours. The seller will try to sweeten the deal and offer you special car finance situations in exchange for throwing yourself totally at his mercy. That is not a path you have to choose.
The key is preparation. Knowing what auto financing options you have before you get to the dealership will mean that you can take charge of your credit and take charge of your car loan.
Just remember, when you negotiate with the salesman for the most favorable auto loan, nothing is permanent until you have it in writing. So haggle and then haggle some more. Once negotiations seem to be over, that’s when the sales contract is prepared.
Inflated Interest Rates
To have the deal agreed upon by you and the salesman be put in writing in a binding contract is top on the list of the things you must do involving auto financing. Often involved at this part of the procedure is to determine monthly auto loan payments based on an interest rate. Now, as you well know, the interest rate varies from car buyer to car buyer. Your credit is only one of the factors and if the interest rate a car buyer qualifies for is inflated, then the dealership can make extra profit off your loan. That’s just one of the pitfalls in auto financing.
Independent Auto Financing
When you have the approved auto financing option on hand, you can then proceed with the deal as a “cash buyer” so to speak as you already have the cash in hand from the loan and you are just buying the car from the dealer with that money. Car salesmen prefer customers to be “monthly payment” buyers as this makes it easier for them to obscure the total cost of the vehicle, to the detriment of your savings. So wizen up and take that independent auto financing option available.
Set a Price Range
Having a budget is the sensible thing to do. If you set a sensible price range for yourself, then you have less reason to go beyond that range and succumb to the temptation of overspending. If you’re really firm on that budget, no amount of sales talk can sway you. One good tip is to ensure that your monthly car payments and related expenses do not exceed about 20% of your monthly net income.
Discounted Financing vs. Rebate
Here’s the dilemma to car buying: Many dealers offer an option between discounted financing or a rebate, but not both. Discounted financing means that you get zero-percent financing while rebate means that you get a certain amount of cash some time after purchase. The common error many car buyers make is that the zero-percent loan will deliver the most savings. But will it really?
Get the Cash Rebate
In most cases, it’s better to get the cash rebate and apply it against the purchase price of the vehicle. If you already have a pre-approved car loan, then that’s even better because you have positively no need of extra financing from your dealer. Just use your car loan to finance the car and let the rebate handle some of the charges.
You will have to choose how long you want your lease to be and how much you’re willing to pay upfront. The obvious choice, of course, would be to pay as little as possible, but be sure to weigh other options as well. After that, the car is yours for the period stipulated in the lease contract.
There are several other different plans those car buyers like you can adopt in order to make the most out of your money and reduce costs at the dealership. Understanding the credit process is just one way of being a smart buyer.
For more information on auto financing and car loans, visit:
http://www.financeguide101.com/finance-reports/money-for-a-car-a-guide-to-auto-financing.htmlGet more information on how to get auto financing to own your dream car, and scams to avoid in dealing with car dealers. VisitAuto Financing and Car Loans
Article Source: http://www.simplysearch4it.com/article/50489.html
|
|
New! Back to the Future VHS McDonalds Promotional Jurassic Park Rebate Coupon $17.99 |
|
|
2) NEW $25 REBATE any $100 GROCERY Amstel beer nbpr $15.50 |
|
|
Nutramigen rebate coupons.HUGE Savings! $15.00 |
|
|
4 HEINEKEN AMSTEL DOS EQUIS $10 and $25 CASH Rebate Coupons $12.00 |
|
|
4 HEINEKEN AMSTEL DOS EQUIS $10 and $25 CASH Rebate Coupons $12.00 |
|
|
4 HEINEKEN AMSTEL DOS EQUIS $10 and $25 CASH Rebate Coupons $12.00 |
|
|
10QTY $10 OFF ANY CHARCOAL AND/OR GRILLING ACCESSORIES AND MORE MAIL-IN REBATES! $11.30 |
|
|
12QTY $7 OFF ANY BOTTLED WATER OR ICE MAIL-IN REBATES!!! $11.30 |
|
|
10QTY $10 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $11.30 |
|
|
ORAL-B PULSONIC TOOTHBRUSH REBATE $10.00 ** 10 COUPONS ** 5/31/12 $10.50 |
|
|
1975 J.C. Whitney & Co Auto Accessories/Parts Catalog: Special Rebate Coupons $7.50 |
|
|
The Frugal Shopper: Save Money on Everything With Coupons, Refunds, Rebates & F $10.60 |
|
|
$25 AMSTEL LIGHT GROCERIES & $10 HEINEKEN FOODS REBATES COUPONS – NBPR 13 STATES $9.99 |
|
|
Enfamil Parent’s Choice Baby Formula & Coupon & Rebate Form Great Value $2.24 |
|
|
Back to the Future New VHS McDonalds Promotional Jurassic Park Rebate Coupon $9.99 |
|
|
GET 10% CASH BACK FROM AMAZON.COM PURCHASE SAVE MONEY ON AMAZON REBATE NO COUPON $9.95 |
|
|
15QTY $3 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $9.00 |
|
|
2012 SAN FRANCISCO GIANTS 20% OFF COUPON DISCOUNT Ticket Voucher Credit Rebate $7.99 |
|
|
$25 Rebate Any GROCERY Amstel beer nbpr $8.50 |
|
|
10QTY $10 OFF ANY CHARCOAL AND/OR GRILLING ACCESSORIES AND MORE MAIL-IN REBATES! $8.00 |
|
|
10QTY $10 OFF ANY CHARCOAL AND/OR GRILLING ACCESSORIES AND MORE MAIL-IN REBATES! $8.00 |
|
|
6 X RARE 1986 MONTREAL EXPOS 1$ REBATE ON REGULAR SEASONS TICKET COUPON $4.99 |
|
|
$14 Enfamil Enfagrow Toddler Powder Formula Rebate Checks Coupons $7.76 |
|
|
5 REBATE Forms ~ Snapple 6-pack up to $6.99 coupon $6.99 |
|
|
18QTY $10 OFF ANY MEAT, HOT DOGS, SMIRNOFF ICE, RED STRIPE MAIL-IN REBATES!!! $6.25 |
|
|
NBPR (1) $25 Amstel Light Beer Rebate Coupon wyb $100 groceries exp 9-30-12 $6.50 |
|
|
CREST 3D WHITE 2 HR EXPRESS 4CT REBATE $5.00 ** 10 COUPONS ** 5/31/12 $5.50 |
|
|
FRONTLINE HEARTGARD COUPON REBATE BOOKLET exp 12/31/13 $4.50 |
|
|
Tanker Filling Stations Coupon/Rebate Coupons W. 19th. St New York NY $4.35 |
|
|
Clean ones rebate coupons $4.99 |
|
|
Coupons, refunds, rebates: How to make those money-savi $1.99 |
|
|
5 P&G Mail-In Rebate ~ Buy $25 Get $10 Visa Prepaid Card towards gas ~ coupons $5.49 |
|
|
5 P&G Mail-In Rebate ~ Thank you, MOM Buy $40 Get $10 Visa Prepaid Card coupons $5.49 |
|
|
Two (2) FREE! Renpure Organics Shampoo/Conditioner Rebates No Expiration $4.99 |
|
|
Cashback Discount Rebate Coupon Paypal Target Walmart Macys JCPenney & more NOW $5.00 |
|
|
Rebates 12 total Heineken, Dos Equis,Pabst $4.99 |
|
|
Nordstrom 5% Gift Card Certificate Cashback Rebate Coupon Discount $4.99 |
|
|
5 Save $5 Mail Rebate Coupon Form ABSOLUT Vodka Alcohol MN, ND,NE,SD AND WI $4.99 |
|
|
3 Kedem Sparkling Juices Rebates/Coupons-$1.50/1 (Save $27!!!) No Expiration Day $4.99 |
|
|
3 Rebates + 2 Coupons- FREE Arm & Hammer Ultra Last Cat Litter + $1.5/1 Clumping $4.99 |
|
|
$50 MAIL IN REBATE COUPONS PATIO FURNITURE WYB 2-12 PK MILLER LITE MGD 64 BEER $4.99 |
|
|
12QTY $5 OFF ANY WATER, ICE, COOLERS OR SALTY SNACKS MAIL-IN REBATES!!! $3.60 |
|
|
MILLER 64 coupon/rebate $25 wyb PATIO FURNITURE (2) REBATES $3.50 |
|
|
4 Rebates/Coupons $40 FREE Laundry Detergent!!!!! Arm & Hammer Power Packs/Paks $3.99 |
|
|
(2) Rebate Coupon Form **Try 4 Free** ARM & HAMMER LAUNDRY DETERGENT Power Paks $2.99 |
|
|
8QTY $3 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $3.50 |
|
|
8QTY $3 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $3.50 |
|
|
8QTY $3 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $3.50 |
|
|
3QTY $7 OFF ANY BOTTLED WATER OR ICE MAIL-IN REBATES!!! $3.50 |
|
|
5QTY $10 OFF ANY CHARCOAL AND/OR GRILLING ACCESSORIES AND MORE MAIL-IN REBATES! $3.50 |
|
|
5QTY $10 OFF ANY CHARCOAL AND/OR GRILLING ACCESSORIES AND MORE MAIL-IN REBATES! $3.50 |
|
|
5QTY $10 OFF ANY CHARCOAL AND/OR GRILLING ACCESSORIES AND MORE MAIL-IN REBATES! $3.50 |
|
|
5QTY $10 OFF ANY CHARCOAL AND/OR GRILLING ACCESSORIES AND MORE MAIL-IN REBATES! $3.50 |
|
|
4QTY $10 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $3.50 |
|
|
4QTY $10 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $3.50 |
|
|
SAVE UP TO $40 WITH REWARD O’REILLY GIFT CARD MOTOR OIL REBATE $3.95 |
|
|
$50 MAIL-IN REBATE: BBQ GRILL & BUDWEISER BEER COUPON 7/14/12 GA SC TN only $2.95 |
|
|
Coupons, refunds, rebates: How to make those money-saving offers work for you, C $3.85 |
|
|
3QTY $7 OFF ANY BOTTLED WATER OR ICE MAIL-IN REBATES!!! $3.25 |
|
|
LOT 6 ENFAMIL COUPONS $28 TOTAL INFANT NEWBORN BABY FORMULA DI VI SOL REBATE $2.99 |
|
|
(3) $8 Natural Light Beer Coupon Rebate Check wyb ice water snack exp 5-31-12 $3.70 |
|
|
2QTY $10 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $3.00 |
|
|
3QTY $7 OFF ANY BOTTLED WATER OR ICE MAIL-IN REBATES!!! $3.00 |
|
|
2QTY $10 OFF ANY CHARCOAL AND/OR GRILLING ACCESSORIES AND MORE MAIL-IN REBATES! $3.00 |
|
|
2QTY $10 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $3.00 |
|
|
3QTY $7 OFF ANY BOTTLED WATER OR ICE MAIL-IN REBATES!!! $3.00 |
|
|
2012 TAYLOR MALSAM “FREE G OIL REBATE” #19 NASCAR COUPON / POSTCARD $1.00 |
|
|
Enfamil Formula $8 and $5 Mail-In Rebate Forms Exp. 12/31/12 Coupons $3.50 |
|
|
LOT OF 5 SNAPPLE 6-PACK REBATE FORMS COUPONS FREE UP TO $6.99 FREE SHIPPING $3.50 |
|
|
2 FREE BOXES $16 VALUE ARM & HAMMER CAT LITTER up to $8 each box back by rebate $2.99 |
|
|
2 REBATE Forms ~ Snapple 6-pack up to $6.99 coupon $3.49 |
|
|
5) Oxiclean Dishwasher Booster Rinse Aid Try Me Free Rebates exp 12/1/12 $3.49 |
|
|
Coors NBPR $15 rebate off total in-store purchase & Miller NBPR $5 Meat rebate $2.99 |
|
|
(2) Rebate Coupon Form: $5.00 Rebate on (2) 22.2 + tubs of Enfamil Powder x12/31 $2.49 |
|
|
4QTY $7 OFF ANY BOTTLED WATER OR ICE MAIL-IN REBATES!!! $3.00 |
|
|
4QTY $7 OFF ANY BOTTLED WATER OR ICE MAIL-IN REBATES!!! $3.00 |
|
|
$15.00 REBATE COUPON FOR 2 ENFAMIL PREMIUM! $3.00 |
|
|
4QTY $10 OFF ANY FRESH PRODUCE MAIL-IN REBATES!!! $3.00 |
|
|
FOUR REBATE FORMS NBPR 6 states, each rebate $4 on $4.01+ popcorn $2.99 |
|
|
►FREE OXICLEAN DISHWASHING BOOSTER 2 Coupons Rebates Oxi Clean ♥ Up to $16.00 $2.50 |
|
|
(1) $50 &(1) $25 Miller Lite MGD 64 Genuine Draft Beer Rebate Coupon exp 6-17-12 $3.25 |
|
|
5) Mail In Rebates for FREE Arm & Hammer Laundry Detergent exp 12/15 –$50 Value $3.25 |
|
|
(20) *REBATE* save up to $6.00 WYB Sutter Home Wine* read listing* exp 9/30/12 $3.25 |
|
|
10% Off Bloomingdales Coupon + 4.8% Rebate / Cashback $3.10 |
|
|
4 REBATES/COUPONS FREE Arm&Hammer Power Paks/Packs Single Use Laundry Detergent $3.00 |
|
|
$25 MAIL IN REBATE COUPONS PATIO FURNITURE WYB 1-12 PK MILLER LITE MGD 64 BEER $2.99 |
|
|
(1) ENFAMIL POWDER FORMULA TUBS $5.00 MAIL-IN REBATE FORM+bonus baby coupons $1.99 |
|
|
$15 ENFAMIL NEWBORN INFANT BABY FORMULA REBATE OFFER COUPON CERTIFICATE CHECK $2.50 |
|
|
4 ~ FREE Arm & Hammer product power paks laundry detergent Rebate/Coupon $39.96 $2.93 |
|
|
4 FREE OXICLEAN product dishwashing booster Coupons/Rebates Oxi Clean $32.00 $2.93 |
|
|
FREE ARM & HAMMER POWER PAKS LAUNDRY DETERGENT USE THESE 2 REBATE FORMS $2.00 |
|
|
3 $5 grocery rebate Spend $20 Coors Beer ALABAMA ONLY 10/31/12 No beer purchase $2.75 |
|
|
$9.99 Arm & Hammer Power Laundry Detergent Packs Mail-In Rebate Coupons 12/15 $1.75 |
|
|
2) FREE Reynolds Wrap Foil Mail-In Rebate Coupons 11/30/12 ~$10 Value $1.75 |
|
|
2)$5 Natural Light Water, Salty Snacks Rebate Forms Coupon NBPN NEW MAY VERSION $1.75 |
|
|
2) Pabst $5.00 off beef mail in rebate NBPR please read! $1.99 |
|
|
(1) $50 Miller Lite MGD 64 Genuine Draft Beer Rebate Coupon exp 6-17-12 $2.65 |
|
|
2) $6 MAIL-IN REBATE: BUDWEISER BEER & RUFFLES CHIPS, FRITO-LAY DIP COUPONS 6/10 $1.59 |
|
|
$24 BUD LIGHT BEER JOHNSONVILLE; BUDWEISER BEER KINGSFORD REBATES COUPONS GAonly $1.59 |
|
|
(2) $5.00 Carefree Stayfree & o.b. Rebate/coupon $2.50 |
