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Credit Car Loans - Making New Cars Affordable
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Posted On :
May-04-2011
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Article Word Count :
387
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Buying a new car can be expensive. However these days we need to be as mobile as possible for our work and everyday lives. You will want to make sure you get the best car you can afford. This can save you money in the long run on repairs and running costs.
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Buying a new car can be expensive. However these days we need to be as mobile as possible for our work and everyday lives. You will want to make sure you get the best car you can afford. This can save you money in the long run on repairs and running costs. Credit car loans can be the ideal way to afford a new car on any budget.
Credit Car Loans
Credit car loans are widely available. As long as you have a good credit rating you will be able to choose from hundreds of different products. This includes options like:
- Bank Loans – banks offer a wide number of loan products. This includes personal loans which are ideal for small to medium purchases like a new car. You can borrow between £1,000 and £15,000 with most personal loans and this should give you the money you need.
- Dealer Finance – you may be surprised at how many credit car loans your local dealer can offer. This can include the popular hire purchase agreements. These are easy to manage and similar to a personal loan. Don’t forget though you will need a deposit in most cases to take out dealer finance and this will likely be a minimum of 10% of the car’s sale ticket price.
Before You Apply
Before you apply for credit car loans it is important that you consider the impact this could have on your finances. It can be too easy to get carried away looking for a new car. Remember though you will still have to repay the money so you will need to stick to realistic budget.
Here are some considerations to make before you apply for credit car loans:
- Monthly Repayments – you must check very carefully how much you will have to repay each month on your credit loan. High monthly repayments can be a big strain on your finances. Avoid putting yourself under any unnecessary pressure by making sure you can afford the repayments on the loan comfortably.
- APR - this is the interest rate you will pay on your loan. This means shopping around and comparing a range of different products. Make sure you compare the APR in relation to the loan term.
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Article Source :
http://www.articleseen.com/Article_Credit Car Loans - Making New Cars Affordable_61322.aspx
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Author Resource :
Credit car loans can make buying new cars affordable. Even if you are on a tight budget you can take out a loan to boost your finances and get the right car for your needs.
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Keywords :
Car on Finance, Motor Finance, Apr Loan, Dealer Finance, Car Loan Adviser,
Category :
Finance
:
Finance
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