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August 25, 2005 - Car Loans 101

Let's say you want a new car but you are confused about the car loan process. Fear not, we have bought a lot of cars and getting a loan for a car is easy, very easy. Today you have several car loan sources including the car maker, your bank, or online car loan specialists like Capital One capital one blank check and E-LOANeloan

If you are ready to get a car loan here are a few top notch online providers:

Any Credit Auto Loans1800 Auto Yes from 1800-Auto Yes

Apply for your vehicle loan with Capital One Auto FinanceCapital One

Car loans for people with bad creditELoan from E-Loan

Credit Rating

The interest rate you get on your car loan and the length of the loan available to you will depend on your credit rating. The better your credit rating the lower interest rate you can get. A good credit rating will also give you more flexibility for the length of your loan.

Long and Short Car Loans

Typically car loans are available for periods ranging from 36 months to 60 months. It is possible to get a 72 month loan but that is not recommended unless you are purchasing a usually expensive vehicle. The shorter the car loan term the lower the interest rate will usually be. The difference between a 36 month loan and a 60 month loan is normally about three quarters of a point.

New Car, Used Car Dealer Purchase

New cars purchased from a dealer will normally have a better interest rate than used cars purchased from a dealer. Refinancing a car with a new loan can be done but the rates are almost 2 points higher than a new car financed through a dealer.

Person to Person Car Loans

If you are buying a car from an individual there are car loans available. These loans run about 2 and a half points higher than a new car loan rate for a car purchased directly from a dealer. Person to person car loans are common with the purchase of classic cars or expensive luxury cars.

Online Car Loan Providers

We recently tested out Capital One for a car loan on a new vehicle. They have a very easy program called the Blank Check Loan. You fill out the application online and specify the amount you want to borrow. If approved Capital One sends you a check with your name and addressed printed right on it. You make out the check to the seller, which can be a car dealer or anyone else selling the car. Our loan was approved in a few minutes and we received the check in the mail the next day.

Recent Driving Logs

August 23, 2005 - Florida Car Insurance Requirements

August 2, 2005 - Florida Identification to get a Drivers License

July 25, 2005 - Summer Vacation Driving

July 16, 2005 - Teen Driving Risks

July 12, 2005 - Deep Water Driving

July 4, 2005 - Lets celebrate, consider history, and drive smart

June 26, 2005 - Slow Down Through Turnpike Tolls

June 22, 2005 - Buckle Up, Go the Speed Limit, No Excuses

June 20, 2005 - HOV lanes are not working in south Florida.

June 17, 2005 - Dogs in Cars can be fun but be aware of the dangers.

June 15, 2005 - XM Satellite comes in many new GM cars that are now on sale

June 13, 2005 - Tune Up Your Car Before Your Summer Road Trip

June 11, 2005 - Intersections Can Be Very Dangerous Driving

June 8, 2005 - 18 Year Old Can Skip the Learners Permit

June 3, 2005 - The Forecast is Rain, Rain, Rain

June 2, 2005 - The 2006 Dodge Charger

May 30, 2005 - Be Prepared for Roadside Emergencies

May 27, 2005 - Buckle Up, Drive Sober, Slow Down

May 25, 2005 - Clickit or Ticket

May 23, 2005 - Big Trucks in Traffic

May 22, 2005 - How Long is the Traffic School course?

May 20, 2005 - First Time Adult Drivers in Florida

May 19, 2005 - Two Traffic Tickets

May 15, 2005 - Passing on the Florida Turnpike

May 13, 2005 - Better Gas Mileage

May 12, 2005 - 2005 Traffic Report

May 6, 2005 - Driving in the Rain

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