Sunday, July 3, 2011

Tips on Car Financing

If you've read How Buying a Car Works, you know the car-sales lingo and the ins and outs of negotiating with a seasoned car salesman. Let's say you've battled for the best deal and finally agreed to a price you can live with -- time to breathe a sigh of relief? Not exactly. Did you know that if you finance a new car through the dealership, the finance person is working on commission? That means that the financing deal you get is still up in the air, although they'll never tell you that. Those things that get added on in the final stages of the deal (extended warranties, undercoating, alarm systems, etc.) are often what the dealership makes the most money on. It's the finance-office person's job to upsell you on those items AFTER you've agreed to a price for the car with the salesman.

If you're like most people, paying cash to buy a new car just isn't in the realm of possibility. And even if it's in the realm, you may not want to deplete your savings account to buy a new vehicle. This means that you're either going to be leasing the car, or buying the car by financing it. If you're buying, then you're probably financing it through the dealership, a bank or credit union, an online financial institute, or maybe even a family member.

While leasing is good for a lot of situations, it's a whole other animal, so in this article, we're focusing on financing. If you know you want to finance your car rather than pay cash, then you need to do your homework and decide how to get the best financing deal.

If you do have the money to pay cash for your car and are considering doing it, how do you know if it's really the right thing to do? Here are some instances when paying cash really is in your best interest.

    If you could pay more interest by financing that amount of money than you could earn if you invested it or kept it in a savings account of some sort
    If you don't have a very good credit rating and would have to pay a high interest rate to finance (more on this later)
    If you have a lot of debt already but enough cash on hand, and don't want to further damage your credit rating

But if you're like many people, you probably need to finance your car. So in the next section, we'll look at the pros and cons of financing resources and find out how to determine the best rate.


“RELATED TOPICS”

About Agusan Marsh

How to Clean the Gate

How to Care your Flowers and Vegetables

How to Make a Garden Plans

How to Decorate the Living Room

How to Arrange the Furniture

What are the Good Appliance to Display

Where to get the Good Soil for Gardening

When we can Plant Roses

When to Make a Garden

How to Clean the Surrounding

When to Paint the Gate

How to Replace the Curtains

How to Put Curtains

When to Clean the Rest Room

How to Arrange the Living Room

How to Clean the Kitchen Floor

Where to Arrange the Cleaning Tools

How to Put up House Decoration

When to Clean the Garden

When to Clean the Kitchen

Fruit We Can Plant in the Garden

How to Check all the Wirings in House

How to Arrange Bed room

Why WE Sweep the Floor

Clean the Bathroom

How to Cut Grass

How to Clean the Floor

Why Vegetable Good for Us

How to Care the Garden

Why we Plant Vegetable

Planting Flowers

How to Clean the Rest Room

How to Arrange the Kitchen Wares

When to Clean the Window

How to Clean the Window

When to Clean the Floor

Tips on Car Financing

Step by Step on how to earn money using the Internet

Caring for Pet is essential in your home

Home Gardening Tips - How to improve looks in your home

How to plant Bermuda Grass

How to make a salad

How to Make a Garden

How to Care Flowers

How to Plant Roses

How to Trim Flowers

How to Arrange Flower Vase

How to Paint the House

Where to Plant Flowers

How to Care Orchids