When you’re buying a new car, the most likely focus of your attention is if it’s going to be a diesel, automatic or stick, a V4 or V8 or possibly what color. More than likely you aren’t thinking that much about your car loan. However your car loan is probably the biggest obstacle between you and your new set of wheels. Even if getting a car loan is not a problem, paying attention or not to the details of your car loan might spell the difference between enjoying your new automobile and financial problems for you and your family. It makes sense to care about the details and type of car loan you take on. Car loans, like personal loans are the most expensive forms of loan (barring shark loans of course) mainly because it is more of a risk for banks and lending companies. This risk needs to be protected, insured and covered. This is mainly done by charging expensive interest rates that will cover the cost of those who do not or cannot fulfill their commitment to paying the monthly installments.

So what should you and I look out for when taking a loan? Check out the bank. Look out for the interest rate and tenure. Weigh your options and go online.

It is important to choose a bank or lending company that can provide you with quality service at reasonable prices and that is reliable. Whichever option you choose, banks, lending companies, online banks or lending companies, your grandma Julia… always check the fine print, research the company and understand all the details related to your bank.
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vijendra jain
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Car Loans-Car Loans

 

That's cool but a couple thing's I have learned is to make sure you have a budget that works for you before taking on any new loan. Also find a lender that can really break everything down for you and if your new at this that can walk you through the process. Lenders like collateral a lot better then unsecured loans. If your in Cali just pm I work for a lender.

 

high interest

 

Very interested to see where this thread goes

 

well if most people have a concept of money, they know what they can or can't afford.

in my case, i'm pretty intelligent when it comes to my own finances, so all i worry about are two things: interest rate, and the number of months. I keep an ideal monthly payment in mind, and go off of that while picking a short term loan, versus those long 7 year loans out there where you're ____ing away money on interest.

it's all pretty much common sense if you have a realistic sense of money. some people don't have that sense though and keep getting themselves further and further in debt. i just laugh at those people and call it a day. get a clue already. welcome to the real world now.

 

^ trust me what maybe common sense to you might not be common sense to someone else I have so many people a lot older then you that just got alittle carried away and the way things are going now they screw themself over more then ever, due to hours being cut at work or just massaive layoffs.

 

losing a job or cutting hours is not common in today's economic situation. but they should have had the sense to save up for at least 6 months worth of bills/rent/food incase something happened. if they want my pity, they will not find it here in this thread. and i'm not just saying that because i have a job. i'm on the line too. the first thing they cut from education programs are the arts, and they've started doing that around here. there's always a way to get by. you just have to be more conservative and determined.

 

hahaha alright

 

I have a good feeling it was simply a way to post/advert his business, look at his sig.

I don't think he realizes that there's pure pricing with Scions so "interest rates" and all that other crap depend on your credit score/history. If you can't trust the "bank" of Toyota Financial, then you probably can't trust any bank that you might want to get a random auto loan from....other than say a credit union.

At that point, your credit is probably better than what Pure Pricing can offer and you're already responsible with your money and credit so you don't really need any research because you've probably already done it.

 

i have a good feeling no one is going to go through him with a car loan anyways. lol