S.M.A.R.T. Tips for Saving on your Auto Loan

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;"> <div style="text-align: justify;"> <span style="font-family: "verdana" , sans-serif;">Americans love cars. It is one of the reasons why America is amongst the world’s top car-owning countries. Every year, Americans spend several thousand dollars on auto loan payments. If you are looking forward to buying a car, make sure that you follow S.M.A.R.T. tips. The tips will help you save money and ensure that you do not opt for exorbitant auto loans.</span></div> </div> <h2 style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> <strong><u><span style="font-family: "verdana" , sans-serif;">Follow the S.M.A.R.T. Tips and Save Money</span></u></strong></h2></div>

S.M.A.R.T. Tips for Saving on your Auto Loan

Americans love cars. It is one of the reasons why America is amongst the world’s top car-owning countries. Every year, Americans spend se...

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Car Financing for Retirees or Senior Citizens

<div dir="ltr" style="text-align: left;" trbidi="on"><div style="background-color: white; text-align: justify;"><div style="font-size: 14px;"><span style="font-family: "verdana" , sans-serif;">The major chunk of the driving population comprises of senior citizen and retirees. Some require a car to fuel their leisure needs, while others acquire it as a reward for the long years of hard work. Auto loans help you not only in saving your substantial fixed income, but they also act as a medium to procure your car faster as against buying a car with cash. However, the benefits of car financing are far greater than that.</span></div><div style="font-size: 14px;"><strong><span style="font-family: "verdana" , sans-serif;"><br /></span></strong></div><span style="font-family: "verdana" , sans-serif; font-size: x-large;"><b>What is the Key Benefit of applying for Car Financing?</b></span></div><div style="background-color: white; text-align: justify;"><strong><em><span style="font-family: "verdana" , sans-serif; font-size: large;"><br /></span></em></strong></div><div style="background-color: white; text-align: justify;"><em><span style="font-family: "verdana" , sans-serif; font-size: large;">Enables you to buy a newer car</span></em></div><div style="background-color: white; text-align: justify;"><div style="font-size: 14px;"><span style="font-family: verdana, sans-serif;"><br /></span></div><div style="font-size: 14px;"><span style="font-family: verdana, sans-serif;">Whenever any amount is spent on repair of an old car, it usually burns a hole in your pocket before it needs mending again. With the help of an auto loan, you can quit spending on repairing and invest the same money into a newer car that will run for a longer period. The best part about it is that the cost is spread over a longer time frame, making it easier to pay. Also, to add to it, planning of finance is in check so you know exactly the amount of payments left for the loan to be repaid.</span></div><div style="font-size: 14px;"><strong><span style="font-family: "verdana" , sans-serif;"><br /></span></strong></div><span style="font-family: "verdana" , sans-serif; font-size: x-large;"><b>How can you obtain Car Financing if you are a Senior Citizen or a Retiree?</b></span></div><div style="background-color: white; text-align: justify;"><strong><span style="font-family: "verdana" , sans-serif;"><br /></span></strong></div><div style="background-color: white; text-align: justify;"><span style="font-family: "verdana" , sans-serif; font-size: large;"><i>Down payment as a means to shorten the repayment period</i></span></div><div style="background-color: white; text-align: justify;"><strong><span style="font-family: "verdana" , sans-serif;"><br /></span></strong></div><div style="background-color: white; font-size: 14px; text-align: justify;"><span style="font-family: "verdana" , sans-serif;">Down payment refers to the initial payment on acquisition of an automobile and the remaining amount is paid through monthly payments. That way when the down payment is made, the overall amount on the loan gets reduced substantially. Thereby, the amount charged on interest is decreased and the monthly payments are mitigated at the same time. It surely reduces the financial burden in the later years, for the senior citizen. In the end, a big down payment points towards one thing - an early mortgage free life.</span></div><div style="text-align: justify;"><span style="font-family: "verdana" , sans-serif;"><br style="background-color: white; font-size: 14px;" /></span></div><div style="background-color: white; text-align: justify;"><span style="font-family: "verdana" , sans-serif; font-size: large; font-weight: normal;"><i>Advantage of a good credit score</i></span></div><div style="background-color: white; font-size: 14px; text-align: justify;"><span style="font-family: "verdana" , sans-serif;"><br /></span><span style="font-family: "verdana" , sans-serif;">A good credit score can be the decision maker that determines whether a loan will be approved or rejected. Many a times during an application for an auto loan, credit score and repayment history can pose to be a challenge. Due to absence of a fixed income, senior citizens may not be the most preferred group of customers. However, a constant inflow of social security income and other retirement perks prove to be credible documentation for acquiring an auto loan. A good credit score can be a strength in not just establishing goodwill but also negotiating a lower interest rate overall.</span></div><div style="text-align: justify;"><span style="font-family: "verdana" , sans-serif;"><br style="background-color: white; font-size: 14px;" /></span></div><div style="background-color: white; text-align: justify;"><span style="font-family: "verdana" , sans-serif; font-size: large;"><i>Debt-to-income ratio</i></span></div><div style="background-color: white; text-align: justify;"><strong><span style="font-family: "verdana" , sans-serif;"><br /></span></strong></div><div style="background-color: white; font-size: 14px; text-align: justify;"><span style="font-family: "verdana" , sans-serif;">Once a senior citizen applies for <a href="http://www.rapidcarloans.net/"><b>car financing</b></a>, they may discover that a creaseless credit history and growing retirement accounts are not sufficient. More often than not, lenders look for customers with a steady income. This is to maintain equilibrium between the debt owed to the lender and income earned by the senior citizen. Thus, disclosing income records becomes essential in obtaining an auto loan. With multiple incomes that are healthy, getting approval for an auto loan becomes easy.</span></div><div style="text-align: justify;"><span style="font-family: "verdana" , sans-serif;"><br style="background-color: white; font-size: 14px;" /></span></div><div style="background-color: white; text-align: justify;"><span style="font-family: "verdana" , sans-serif; font-size: large;"><i>Fixed APR</i></span></div><div style="background-color: white; text-align: justify;"><strong><span style="font-family: "verdana" , sans-serif;"><br /></span></strong></div><div style="background-color: white; font-size: 14px; text-align: justify;"><span style="font-family: "verdana" , sans-serif;">As in any other loan, variable and fixed rates are the parameters on which the interest rate of an auto loan is based. When compared to other loans, one of the major advantages of car financing with a fixed rate APR or Annual Percentage Rate will be that the amount will be constant throughout the term of the loan. This ensures that you will be shielded from any fluctuations in the interest rate. Therefore, the uniform repayment including the fixed APR induces more confidence in opting for an auto loan than other type of loans. Moreover, in your retirement years, it seems best to go for low risk fixed rate loans.</span></div><div style="background-color: white; font-size: 14px; text-align: justify;"><span style="font-family: "verdana" , sans-serif;"><br /></span></div><div style="background-color: white; font-size: 14px; text-align: justify;"><span style="font-family: "verdana" , sans-serif;">So if you are curbing your desire to buy your dream car or simply holding back, when it actually is a necessity, applying for car financing seems to be the ideal move.</span></div><div style="background-color: white; font-size: 14px; text-align: justify;"><span style="font-family: "verdana" , sans-serif;"><br /></span></div><div style="background-color: white; font-size: 14px; text-align: justify;"><span style="font-family: "verdana" , sans-serif;">Rapid Car Loans understands the importance of a car in your life. So, it works hard to provide instant approval for you. Trust the <a href="http://rapidcarloans.blogspot.com/">bad credit automobile financing company</a> for finding you <a href="http://www.rapidcarloans.net/PA_pennsylvania_car_loans.html">easy car financing in Pennsylvania</a> as well as every other state of America.</span></div></div>

Car Financing for Retirees or Senior Citizens

The major chunk of the driving population comprises of senior citizen and retirees. Some require a car to fuel their leisure needs, while ot...

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The Story of an Expensive Car - No Stolen Records

<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;"><span style="font-family: Verdana,sans-serif;">You buy a new car that is worth thousands. You make a commitment of making regular payment towards the car loan. And, your car gets stolen. A nightmare! It is quite terrifying to know that someone stole your car. But, with this car, you won’t have to worry about theft. And, mind well guys, this is no worn-out, tattered used car. We are talking about Tesla model S – the car that aced the Consumer Reports owner satisfaction survey. It was also the 2013 Motor Trend Car of the Year.</span></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><span style="font-family: Verdana,sans-serif;"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiggVCefTFQeSS2OBtfvc-2mvCHLwWnA9PvLr5w-QZj9T9i5ZIUdpZVfwMpep3-YJDZCFwtH_yNWzsi919lScLHCQB71lL_OAwBP-uIs1QZDLqqqduEevL64imIU-tKXiP7rG3j7oCuDJg/s1600/Tesla+Model+S+at+Detroit+Auto+Show.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="162" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiggVCefTFQeSS2OBtfvc-2mvCHLwWnA9PvLr5w-QZj9T9i5ZIUdpZVfwMpep3-YJDZCFwtH_yNWzsi919lScLHCQB71lL_OAwBP-uIs1QZDLqqqduEevL64imIU-tKXiP7rG3j7oCuDJg/s1600/Tesla+Model+S+at+Detroit+Auto+Show.jpg" width="320" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b>Tesla Model S at Detroit Auto Show</b></td></tr></tbody></table> </span></div><div style="text-align: justify;"><span style="font-family: Verdana,sans-serif;">Don’t think that there is no Tesla on the road to steal. The company sold 20,000 cars last year and just three were reported stolen. In total, just four cars have been stolen since the company started production in USA. Compare it to median theft rate for all cars which is 3.58 thefts per 1000 cars. And you have your answer.<br /><br />So, what are reasons of Tesla being a thief’s nightmare?</span></div><ul style="text-align: justify;"><li><span style="font-family: Verdana,sans-serif;">Cars are stolen for parts and Tesla’s parts are not very much in demand. This is because most Tesla owners can afford its parts.</span></li><li><span style="font-family: Verdana,sans-serif;">Tesla doesn’t have the usual key. It can be opened with Key Fob only. This makes it difficult for stealing. Even if a thief steals the car by hacking the company’s network, Tesla will be able to locate the car.</span></li><li><span style="font-family: Verdana,sans-serif;">Also, it is not practical for thieves to steal a car that runs on a battery. The charge may get over when the police are chasing them.</span></li></ul><div style="text-align: justify;"><span style="font-family: Verdana,sans-serif;">So, if you are worried about your car being safe in your unsafe locality, Tesla can be a nice alternative for you. Think about it.<br /><br />Buying a car - new or old, car buyers are often worried about high interest rates. But, now you can rest assure. Lower rates can be yours. <b><a href="https://www.rapidcarloans.net/index.php#FreeQuote">Simply apply with Rapid Car Loans</a></b>. The company is a renowned name in the auto financing market.</span></div></div>

The Story of an Expensive Car - No Stolen Records

You buy a new car that is worth thousands. You make a commitment of making regular payment towards the car loan. And, your car gets stolen. ...

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