Q : What is Car Loans?

A : Car Loans are designed for those who wish to finance a car for personal use. It is the way you can borrow money from future. A car loan can give you immediate use of the car of your choice in exchange for regular payments over an agreed period of time.

Q : How about Features of Car Loans?

A : Before you make a decision on car loan which you choose, make sure that your financier offers them. Generally the features of car loan are detailed as follow.

- Payments can be arranged to suit your requirements.

- Cost like Registration cost, Road cost, Loan insurance & Comprehensive vehicle insurance may be able to be financed on the loan contract.

- For repayment, you can choose monthly or fornightly to pay during normally terms range from 12 to 60 months.

- A deposit may not be required, moreover if you do, maybe you will receive some benefits like lower repayment or shorter term.

Q : What is benefit for you?

1.If you also use your car for business purposes you may be able to claim part of the interest and depreciation charges as expenses against your taxable income.
2.Payments may be able to be made by direct debit from your nominated bank account.
3.You may build up equity in the asset.
4.Fixed payments for the term of the agreement allow for more accurate budgeting and protect you against interest rate fluctuations.

Saturday, October 6, 2007

Know How Much It's Worth Before You Buy

We suggest you to use information from the window sticker to put all the specifics about the engine, accessories and even the color, into their calculators. After that follow with three prices:
  1. MSRP. This should be very close to the suggested retail price on the sticker. If it is, then you know you've put in all of the right information.
  2. Invoice price. This is the price the dealer paid for the car.
  3. Average transaction price. Sometimes we call this "What Others Are Paying." or "The New Car Blue Book Value." It will usually be somewhere between the retail price and invoice price.
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)