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Buying a Car on Finance? Find Out Answers to Your Questions
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Posted On :
Jan-12-2012
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Article Word Count :
465
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If you are looking into getting a car on finance then it is important that you do your research first. You will want to make sure you are making the most of your borrowing and getting a great deal.
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If you are looking into getting a car on finance then it is important that you do your research first. You will want to make sure you are making the most of your borrowing and getting a great deal. To help you navigate through the car finance market here are some answers to commonly asked questions.
1. Are there any car finance deals available online?
The Internet is one of the best places to find top finance deals. If you are getting a car on finance then you cannot afford to ignore the information available online. It is very easy to use the Internet to search through the many different products and finance packages available. You will be able to find out more details about each option and this will allow you to make accurate comparisons.
2. How much will car finance cost me?
When you get a car on finance you will need to pay interest on the money you borrow. This means the costs of the car finance can depend on the interest rate of the loan (APR) and also the term. You do need to compare all the deals you look at very carefully. For a detailed quote its always worthwhile talking to your local dealer as they can supply you with a specific quote with a fixed monthly payment.
3. What fees will I have to pay on a car finance package?
Every offer and deal is different and many come with a range of fees. However they are always clearly disclosed so you can see for yourself the ‘total charge for credit’
Some of the fees you may have to pay when you get a car on finance could be:
• Missed Payment Fees – if you are late meeting your monthly repayment or you miss it completely you will be charged a missed payment fee. This expense can be avoided if you make sure you set up a direct debit for your monthly repayments.
• Early Settlement Fee –lenders may charge you a fee if you settle your loan early. This will compensate them for the loss of any interest they would have earned.
4. Should I consider dealer finance?
Many people overlook dealers when getting a car on finance. However, this can be a good source of competitive deals. Don’t forget dealers will be eager to close sales. This means they will be more willing to negotiate with you on loan terms in order to sell their cars. This means you should be able to get some good loan offers through your local dealers.
Don’t forget dealer finance is also very quick and convenient to set up and could save you a lot of hassle.
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Article Source :
http://www.articleseen.com/Article_Buying a Car on Finance? Find Out Answers to Your Questions_132879.aspx
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Author Resource :
When getting a car on finance make sure you do your research and get your queries answered first. This will help you to pick the right deals quickly and easily.
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Keywords :
cars on finance, Car Finance, Motor Finance, car on finance,
Category :
Finance
:
Finance
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