Here are some tips on how to get lower car insurance premiums:
1. Install an alarm, immobilizer and tracker in your car. When the insurance company sees that this car has fewer risks involved from theft, the computation for the insurance premium could be lowered as well.
2. Show the car insurance company that you have passed the advance driver's test. This will prove to the car insurance company that you are less adverse to an accident.
3. Don't fool the car insurance agent by exaggerating the value of your car. This will not achieve anything but could serve to annoy the agent and they just might increase your premium. When you claim the insurance money, you will only be paid for the market value of your car at the time you made the claim.
4. Maintain a good credit rating history. Having a good credit rating history means you are responsible enough to pay. This is more specifically for people who will pay their car insurance periodically rather than as a whole.
5. The cheapest kind of insurance is Third Party Only. It is cheap because it will only give minimum coverage. This type of insurance should be considered by people having a car with low value. One thing to remember though about this type of insurance is that when you have an accident, the damage to your vehicle will not be covered for repair.
6. Try to avoid having bad records on your licence as this will increase the insurance premiums.
7. Try not to add some unnecessary drivers when applying for car insurance. I.e., if you have a younger driver that also uses the car, try not to include the younger driver. Including the younger will increase premiums.
8. On the other hand if you are a younger driver, bring an adult. If a younger driver's insurance is named after an adult the premium will be lowered. The premium for younger drivers are higher because they give a perception that they are still newbie drivers and are higher risks.
By following the above tips, you should be able to make a saving on your car insuarance premiums.
You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:
About The Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
Article Source: http://EzineArticles.com/?expert=John_Mussi
Chủ Nhật, 28 tháng 5, 2006
Thứ Bảy, 27 tháng 5, 2006
Lowering Car Insurance Premiums
Here are a few tips that will help you reduce the car insurance premiums:
1. It is cheaper to get car insurance on the net. The companies who offer car insurance on the net are cheaper because the automated process costs them less to process your papers. Online car insurance companies usually offer discounts of 5%-10%.
2. Don't be satisfied with the first insurance company you see that seems to have reasonable price already. Shop around. Each insurance company has got a different way of calculating the interest rate they give you after asking questions.
3. When the insurance company offers you added insurance products do try to purchase them. I.e. the buildings and contents insurance of the car. They will give discounts when you purchase their added products.
4. Pay the insurance full. If you can pay the car insurance on full amount in one go, you can avoid paying the costly APR rates. Some companies charge a 15% rate when you pay on installments. The companies may even give a discount if you paid in full. If you are really not capable of paying the full amount, check out the company that offers the smallest APR rate.
5. "Excess" in car insurances is the amount you pay in case you have made a claim. When you increase your claim voluntary the car insurance company will reduce the premium.
6. Having a lower annual mileage will make the car insurance company lower the premium. The usual quotation of companies is for 12,000 miles a year. Try to figure out if you have less mileage than that in year. If you do, you may get a lower premium. They will check your old MOT's and service history to verify what you say.
By following these tips you should be able to lower the premium on your car insurance.
You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:
About The Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
Article Source: http://EzineArticles.com/?expert=John_Mussi
1. It is cheaper to get car insurance on the net. The companies who offer car insurance on the net are cheaper because the automated process costs them less to process your papers. Online car insurance companies usually offer discounts of 5%-10%.
2. Don't be satisfied with the first insurance company you see that seems to have reasonable price already. Shop around. Each insurance company has got a different way of calculating the interest rate they give you after asking questions.
3. When the insurance company offers you added insurance products do try to purchase them. I.e. the buildings and contents insurance of the car. They will give discounts when you purchase their added products.
4. Pay the insurance full. If you can pay the car insurance on full amount in one go, you can avoid paying the costly APR rates. Some companies charge a 15% rate when you pay on installments. The companies may even give a discount if you paid in full. If you are really not capable of paying the full amount, check out the company that offers the smallest APR rate.
5. "Excess" in car insurances is the amount you pay in case you have made a claim. When you increase your claim voluntary the car insurance company will reduce the premium.
6. Having a lower annual mileage will make the car insurance company lower the premium. The usual quotation of companies is for 12,000 miles a year. Try to figure out if you have less mileage than that in year. If you do, you may get a lower premium. They will check your old MOT's and service history to verify what you say.
By following these tips you should be able to lower the premium on your car insurance.
You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:
About The Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
Article Source: http://EzineArticles.com/?expert=John_Mussi
Thứ Năm, 25 tháng 5, 2006
Buying Used Cars Tips
If you planed to buy an used car, it is important not only to find the car you like but you may also need to take some precautions like checking the car history, taking a test drive, knowing its book value or taking an extended warranty.
Check the car’s history
An essential factor when car browsing is to learn the car’s history. This entails finding a reliable source as to whether the automobile has ever been flooded or involved in an automobile accident. Before agreeing to buy used cars, consumers may obtain a CarFax report at www.carfax.com or by requesting that their local dealer provide a copy. There is a minimal fee involved in acquiring the report, but the findings are invaluable. For instance, the number of owners and the title status are both included in a CarFax report.
Take a drive test
Generally, used cars buyers will be permitted to take a test drive and also may think about requesting permission to take the automobile to a trusted mechanic for an additional inspection. The best way to confirm that the automobile is in the condition as stated is to take it to a mechanic, who can properly inspect used cars and locate any underlying problems. Even if most used cars are exactly as stated, when auto safety and any amount of money is involved, there is no room for error in judgment.
Know the car value
Before buying any used car, it is important to be familiar with the value of the vehicle. One way to determine an accurate value is through the use of Kelly Blue Book (www.kbb.com) and their extensive pricing system. By entering specific information about an automobile, consumers will receive instant value estimates online. In order to get an accurate value, consumers must know the make and model of the automobile, current mileage, additional features and overall condition.
Ask for an extended warranty
It may also be possible to purchase an extended warranty when you buy an used car. Because the original warranty has already expired on most previously owned vehicles, this option is available for the consumer who wants to make sure their purchase is covered. It is important to realize that the warranty is not automatically included in the sticker. In fact, the consumer should ask the dealer specifically about purchasing an extended warranty. More often than not, an extended warranty can be added into the total cost and may even be included in the financing.
Find more about used cars, Kelly Blue Book and used cars value http://www.autonews24h.com/Buying-Guides/KellyBlueBook.html
Article Source: http://EzineArticles.com/?expert=Aurel_Radulescu
Check the car’s history
An essential factor when car browsing is to learn the car’s history. This entails finding a reliable source as to whether the automobile has ever been flooded or involved in an automobile accident. Before agreeing to buy used cars, consumers may obtain a CarFax report at www.carfax.com or by requesting that their local dealer provide a copy. There is a minimal fee involved in acquiring the report, but the findings are invaluable. For instance, the number of owners and the title status are both included in a CarFax report.
Take a drive test
Generally, used cars buyers will be permitted to take a test drive and also may think about requesting permission to take the automobile to a trusted mechanic for an additional inspection. The best way to confirm that the automobile is in the condition as stated is to take it to a mechanic, who can properly inspect used cars and locate any underlying problems. Even if most used cars are exactly as stated, when auto safety and any amount of money is involved, there is no room for error in judgment.
Know the car value
Before buying any used car, it is important to be familiar with the value of the vehicle. One way to determine an accurate value is through the use of Kelly Blue Book (www.kbb.com) and their extensive pricing system. By entering specific information about an automobile, consumers will receive instant value estimates online. In order to get an accurate value, consumers must know the make and model of the automobile, current mileage, additional features and overall condition.
Ask for an extended warranty
It may also be possible to purchase an extended warranty when you buy an used car. Because the original warranty has already expired on most previously owned vehicles, this option is available for the consumer who wants to make sure their purchase is covered. It is important to realize that the warranty is not automatically included in the sticker. In fact, the consumer should ask the dealer specifically about purchasing an extended warranty. More often than not, an extended warranty can be added into the total cost and may even be included in the financing.
Find more about used cars, Kelly Blue Book and used cars value http://www.autonews24h.com/Buying-Guides/KellyBlueBook.html
Article Source: http://EzineArticles.com/?expert=Aurel_Radulescu
Find the Free Auto Repair Manual You Need Online
You can easily get a free auto repair manual for whichever repair need you might have. You need an internet access and have to follow a certain procedure searching for auto repair manuals, but when you have done this procedure a few times it will be very easy to find the right instructions for do it yourself auto repair and it won't cost you a dime.
There are four types of automotive description documents that you will need to choose from when you want to do a repair;
General manuals
Diagnosis descriptions
Repair manuals
Maintenance manuals
General Manuals
In addition to some general manuals, most of these are related to the make. Here you can get step by step guidance on how to repair most of the makes in the vehicle market. Let's say you have a Honda Acura 2002 model and you want to find a manual for that make and model. What you do is perform the following search in a search engine: "free car manuals+Honda Acura+2002". Then you will have a long list of sites that provide you with all kinds of descriptions for your Honda Acure 2002 model, and you can choose what you want.
Diagnosis descriptions
Automotive diagnosis manuals can also be sub-divided by make and model. But it can also be divided by the area of the vehicle that is affected, for example engine intake problems, brake problems, cooling problems, exhaust problems, start or stall problems, transmission problems etc. Let's say you have a start problem. Your search would be "car diagnosis manual+ start problem", then you should get more than enough repair information to choose from. You can even get diagnostic trees where all options are covered for nothing.
You have probably more than one time heard some annoying noise from somewhere in your vehicle, without finding the source of it. This is one of the most kinky situations to run into because you don't know if it is a serious signal or just a small thing. Some websites gives you the opportunity to diagnose vehicle problems by the noise, sound and vibrating signals - and that is great. The sooner you find it the sooner you can fix it and then you can relax. When you search, you can describe the sound, for example "whine noise" or "shifter knocks" or "driveline vibration" plus car diagnosis manual plus eventually the make.
Repair Manuals
In addition to regular manuals you can also get very instructive and detailed descriptions in other internet document or websites like articles, etc. The natural way to sub-divide such repairs before searching, is by the area of the vehicle that is going to be repaired, for instance body repair, exhaust repair, suspension fix, interior repair and even general car repair.
You do the search the same way as above; "car repair manual (or description) + the area of repair and go through the list of resources you get.
Maintenance manuals
Though vehicle maintenance is closely related to your vehicle make and model, there are some maintenance issues that are pretty much common whether you have a Cadillac, VW or a Mercedes, for example changing oil, changing air filters, engine wash, fluid maintenance, tier maintenance etc. You can get access to maintenance descriptions by searching for the kind of maintenance plus "car maintenance manual (or description)" plus eventually your make and model.
I think you'll be amazed of the amount of automotive repair free stuff online.
Terje Brooks Ellingsen is a writer and internet publisher. He runs the website cheap-used-cars.w-eland.com. Terje gives advice and helps people with automotive issues like auto repair and online car auctions.
Article Source: http://EzineArticles.com/?expert=Terje_Ellingsen
There are four types of automotive description documents that you will need to choose from when you want to do a repair;
General manuals
Diagnosis descriptions
Repair manuals
Maintenance manuals
General Manuals
In addition to some general manuals, most of these are related to the make. Here you can get step by step guidance on how to repair most of the makes in the vehicle market. Let's say you have a Honda Acura 2002 model and you want to find a manual for that make and model. What you do is perform the following search in a search engine: "free car manuals+Honda Acura+2002". Then you will have a long list of sites that provide you with all kinds of descriptions for your Honda Acure 2002 model, and you can choose what you want.
Diagnosis descriptions
Automotive diagnosis manuals can also be sub-divided by make and model. But it can also be divided by the area of the vehicle that is affected, for example engine intake problems, brake problems, cooling problems, exhaust problems, start or stall problems, transmission problems etc. Let's say you have a start problem. Your search would be "car diagnosis manual+ start problem", then you should get more than enough repair information to choose from. You can even get diagnostic trees where all options are covered for nothing.
You have probably more than one time heard some annoying noise from somewhere in your vehicle, without finding the source of it. This is one of the most kinky situations to run into because you don't know if it is a serious signal or just a small thing. Some websites gives you the opportunity to diagnose vehicle problems by the noise, sound and vibrating signals - and that is great. The sooner you find it the sooner you can fix it and then you can relax. When you search, you can describe the sound, for example "whine noise" or "shifter knocks" or "driveline vibration" plus car diagnosis manual plus eventually the make.
Repair Manuals
In addition to regular manuals you can also get very instructive and detailed descriptions in other internet document or websites like articles, etc. The natural way to sub-divide such repairs before searching, is by the area of the vehicle that is going to be repaired, for instance body repair, exhaust repair, suspension fix, interior repair and even general car repair.
You do the search the same way as above; "car repair manual (or description) + the area of repair and go through the list of resources you get.
Maintenance manuals
Though vehicle maintenance is closely related to your vehicle make and model, there are some maintenance issues that are pretty much common whether you have a Cadillac, VW or a Mercedes, for example changing oil, changing air filters, engine wash, fluid maintenance, tier maintenance etc. You can get access to maintenance descriptions by searching for the kind of maintenance plus "car maintenance manual (or description)" plus eventually your make and model.
I think you'll be amazed of the amount of automotive repair free stuff online.
Terje Brooks Ellingsen is a writer and internet publisher. He runs the website cheap-used-cars.w-eland.com. Terje gives advice and helps people with automotive issues like auto repair and online car auctions.
Article Source: http://EzineArticles.com/?expert=Terje_Ellingsen
Chủ Nhật, 21 tháng 5, 2006
Comparing Auto Insurance Quotes Online
Auto insurance refers to the insurance which is used for insuring the automobiles against any kind of uncertain accidents that may cause damages to the vehicle. The main purpose that the insurance serves is to give protection against the losses incurred due to accidents. Auto insurance is a type of insurance that consumers must buy to protect the life span of their vehicles and also for any kind of damages that the vehicle may suffer in an accident. Auto insurance is used to insure many automobiles such as cars, trucks and any other kind of vehicles that may need it. Different kinds of coverage are available under these insurance schemes such as Third-Party Foreign Theft and Fully Comprehensive insurance, to suit the interest and the needs of the insured.
Before buying auto insurance, it is very important that the person requiring insurance analyses the companies that provide vehicle insurance quotes. Different companies offer different quotes for the insurance of the vehicle, so the consumer must look out for the best one, which suits his needs and which proves to be highly economical. Many companies also give different discount schemes to attract more and more consumers. The consumer can save a good deal of money while purchasing auto insurance by comparing the quotes of different companies and choosing the cheapest one which satisfies all needs.
Comparing the quotes of different companies on the internet for buying insurance provides a wider platform to the consumer, where they can compare quotes from several companies and choose one among them. The main thing about choosing a quote is that the quote need not necessarily be cheap but the company must be an established one which the customer can rely on should they have an accident.
The consumer should not only compare the quotes of different companies but also the company’s reputation and their way of service. While comparing, the consumer is more acquainted with the different kind of coverage that are available and can choose among them according to the needs. Buying insurance online is the most popular way of buying insurance because it is really fast and convenient, which suits to the busy life of people who have little time to phone around the various companies to relay the details of the insurance cover they are after over and over again. And the best part is that it is free of cost, i.e. no cost is involved in gathering the quotes online from different companies.
Auto insurances are needed because of the reckless accidents that happen on our roads day after day. These can only be reduced once the certainty of the accidents is reduced. The companies quote their prices for insuring depending upon various factors like the age of person to whom the vehicle belongs, the location where the car is bought and supposedly to be used and also many other factors like whether the driver already has points on their licence. The details regarding the car, like where it is being parked, whether or not it is kept in a garage (which is supposed to have less risk of being stolen) and also the mileage of the car are also deciding factors. If the car travels less than a specific limit of miles then such cars are likely to receive some kind of mileage discounts.
Ideal Auto UK offers the opportunity to find information regarding car insurance and members can also sell used cars online. Be sure to read through some informative vehicle insurance articles also.
Article Source: http://EzineArticles.com/?expert=Justin_Brown
Before buying auto insurance, it is very important that the person requiring insurance analyses the companies that provide vehicle insurance quotes. Different companies offer different quotes for the insurance of the vehicle, so the consumer must look out for the best one, which suits his needs and which proves to be highly economical. Many companies also give different discount schemes to attract more and more consumers. The consumer can save a good deal of money while purchasing auto insurance by comparing the quotes of different companies and choosing the cheapest one which satisfies all needs.
Comparing the quotes of different companies on the internet for buying insurance provides a wider platform to the consumer, where they can compare quotes from several companies and choose one among them. The main thing about choosing a quote is that the quote need not necessarily be cheap but the company must be an established one which the customer can rely on should they have an accident.
The consumer should not only compare the quotes of different companies but also the company’s reputation and their way of service. While comparing, the consumer is more acquainted with the different kind of coverage that are available and can choose among them according to the needs. Buying insurance online is the most popular way of buying insurance because it is really fast and convenient, which suits to the busy life of people who have little time to phone around the various companies to relay the details of the insurance cover they are after over and over again. And the best part is that it is free of cost, i.e. no cost is involved in gathering the quotes online from different companies.
Auto insurances are needed because of the reckless accidents that happen on our roads day after day. These can only be reduced once the certainty of the accidents is reduced. The companies quote their prices for insuring depending upon various factors like the age of person to whom the vehicle belongs, the location where the car is bought and supposedly to be used and also many other factors like whether the driver already has points on their licence. The details regarding the car, like where it is being parked, whether or not it is kept in a garage (which is supposed to have less risk of being stolen) and also the mileage of the car are also deciding factors. If the car travels less than a specific limit of miles then such cars are likely to receive some kind of mileage discounts.
Ideal Auto UK offers the opportunity to find information regarding car insurance and members can also sell used cars online. Be sure to read through some informative vehicle insurance articles also.
Article Source: http://EzineArticles.com/?expert=Justin_Brown
Thứ Sáu, 19 tháng 5, 2006
Why Should You Purchase Your Auto Insurance Online?
If you’re interested in slashing your auto insurance bill in half then there’s no reason why you shouldn’t consider purchasing auto insurance online. Buying your auto insurance online is extremely easy and very convenient. The process is fast and only requires filling out a simple form. The best part is you can receive multiple quotes from several different auto insurance providers from the privacy of your own home. You can even search for a new money saving car insurance policy in your pajamas if desire to do so.
Many experts agree that most consumers overpay on their insurance policies due to a lack of shopping around. This includes vehicular insurance. Additionally they overwhelmingly endorse purchasing auto insurance online due to the ability to start your insurance application, save it, and finish later if you get pressed for time. If you’re concerned about the cost associated with receiving multiple insurance quotes don’t be. By applying online you can get multiple free car insurance quotes from one application. You’re also never under any obligation to accept any insurance quote provided – even if it saves you money.
As far as the drawbacks to purchasing auto insurance online there aren’t many. Obviously you’ll have to have access to a computer with an Internet connection and around 30 minutes of free time depending on the number of free insurance quotes you wish to receive. Keep in mind before accepting any quote that you could qualify for a bigger discount from your current auto insurance provider if you carry multiple insurance policies with them. For instance a combination of car, home and life insurance may cost less as a group when compared to purchasing individually.
It’s only natural to have concerns with the privacy of the information the insurance company requires you to fill out on their quick quote provider form. However rest assured that any information you provide is kept secure with encryption technology and will not be released to anyone else to include other insurance providers unless you agree to allow it. You can also feel comfortable in knowing that your credit score won’t be affected by applying for free auto insurance quotes online.
After you’ve found a quote that you like purchasing auto insurance online allows you to either accept the quote right then and there or you can opt to receive the rate provided in the mail. Either way you’re guaranteed to save money. A word of caution, make sure the information you provide on the insurance application is correct. Even the smallest errors can adversely affect the money saving rate that is provided.
Probably the most difficult choice will be which online auto insurance provider to choose from in order to receive your free quotes. Look for a company that has excellent customer service reviews and offers a simple application process that provides multiple money saving quotes. Finally don’t forget to check and make sure that they can actually provide an insurance quote for the state you currently reside in
Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides free insurance information and offers discount home, life and auto insurance that you can research in your pajamas on his website.
Other websites operated by Tim
Cellular-Phone-Solutions.com - Free information and resources regarding cell phones and cell phone plans.
Military-Loans-Online.com – Which provides free money saving loan quotes on all of your loan needs to include home equity loan information.Article Source: http://EzineArticles.com/?expert=Tim_Gorman
Many experts agree that most consumers overpay on their insurance policies due to a lack of shopping around. This includes vehicular insurance. Additionally they overwhelmingly endorse purchasing auto insurance online due to the ability to start your insurance application, save it, and finish later if you get pressed for time. If you’re concerned about the cost associated with receiving multiple insurance quotes don’t be. By applying online you can get multiple free car insurance quotes from one application. You’re also never under any obligation to accept any insurance quote provided – even if it saves you money.
As far as the drawbacks to purchasing auto insurance online there aren’t many. Obviously you’ll have to have access to a computer with an Internet connection and around 30 minutes of free time depending on the number of free insurance quotes you wish to receive. Keep in mind before accepting any quote that you could qualify for a bigger discount from your current auto insurance provider if you carry multiple insurance policies with them. For instance a combination of car, home and life insurance may cost less as a group when compared to purchasing individually.
It’s only natural to have concerns with the privacy of the information the insurance company requires you to fill out on their quick quote provider form. However rest assured that any information you provide is kept secure with encryption technology and will not be released to anyone else to include other insurance providers unless you agree to allow it. You can also feel comfortable in knowing that your credit score won’t be affected by applying for free auto insurance quotes online.
After you’ve found a quote that you like purchasing auto insurance online allows you to either accept the quote right then and there or you can opt to receive the rate provided in the mail. Either way you’re guaranteed to save money. A word of caution, make sure the information you provide on the insurance application is correct. Even the smallest errors can adversely affect the money saving rate that is provided.
Probably the most difficult choice will be which online auto insurance provider to choose from in order to receive your free quotes. Look for a company that has excellent customer service reviews and offers a simple application process that provides multiple money saving quotes. Finally don’t forget to check and make sure that they can actually provide an insurance quote for the state you currently reside in
Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides free insurance information and offers discount home, life and auto insurance that you can research in your pajamas on his website.
Other websites operated by Tim
Cellular-Phone-Solutions.com - Free information and resources regarding cell phones and cell phone plans.
Military-Loans-Online.com – Which provides free money saving loan quotes on all of your loan needs to include home equity loan information.Article Source: http://EzineArticles.com/?expert=Tim_Gorman
Shopping For Car Loans
Well, there's nothing really complex when it comes to shopping for car loans but waiting while your application is "being processed" may sometimes be a bit nerve wracking for a few, especially to those who are either buying a car for the first time or with an urgent need for owning their own means of transportation.
If you can't come up with the money needed for the first down payment - usually twenty to fifty percent of the full amount of the car you're paying - that's the time you should start thinking about a car loan. But even if you do have money of your own, sometimes, people still prefer to go ahead and ask for a car loan because that way, they'll still have enough money in the bank and which they could later on use for unexpectedly rainy days.
Now, let's just say that you're one of those people who are in need of a car loan. You truly don't have that much money for the first down payment so for you, getting your car loan application to be approved is of the essence. Here are the steps that you should consider taking on board:
Check Your Credit Ratings - Whether you're applying for a credit card, a house mortgage or in this case, a car loan, it's imperative that you know what your credit ratings are. Credit ratings show you how the bankers and other financial institutions think of you as an individual consumer. Credit ratings indicate how good a financial risk you are and most bankers and car loan lenders base fifty percent, at the very least, of their decision on the person's credit ratings.
You don't have to wait for the car loan company to inform you about your credit ratings. You could beat them to the punch and learn about it yourself by approaching any of the credit bureaus in the country. It's usually best to take a copy of your credit report from the three major credit bureaus in the country, namely, TransUnion, Experian and Equifax. These three big guys are responsible for collecting information about your financial circumstances, your payment history and other related details.
When you receive copies of your credit reports, check immediately what your FICO scores are. FICO scores that are above 650 means that you're more than qualified not only to have your car loan application approved but also the right to have low interest rates. On the other hand, having a FICO score below 550 may mean that you have to pay higher interest rates or worse, have your car loan application disapproved.
You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:
About The Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
Article Source: http://EzineArticles.com/?expert=John_Mussi
If you can't come up with the money needed for the first down payment - usually twenty to fifty percent of the full amount of the car you're paying - that's the time you should start thinking about a car loan. But even if you do have money of your own, sometimes, people still prefer to go ahead and ask for a car loan because that way, they'll still have enough money in the bank and which they could later on use for unexpectedly rainy days.
Now, let's just say that you're one of those people who are in need of a car loan. You truly don't have that much money for the first down payment so for you, getting your car loan application to be approved is of the essence. Here are the steps that you should consider taking on board:
Check Your Credit Ratings - Whether you're applying for a credit card, a house mortgage or in this case, a car loan, it's imperative that you know what your credit ratings are. Credit ratings show you how the bankers and other financial institutions think of you as an individual consumer. Credit ratings indicate how good a financial risk you are and most bankers and car loan lenders base fifty percent, at the very least, of their decision on the person's credit ratings.
You don't have to wait for the car loan company to inform you about your credit ratings. You could beat them to the punch and learn about it yourself by approaching any of the credit bureaus in the country. It's usually best to take a copy of your credit report from the three major credit bureaus in the country, namely, TransUnion, Experian and Equifax. These three big guys are responsible for collecting information about your financial circumstances, your payment history and other related details.
When you receive copies of your credit reports, check immediately what your FICO scores are. FICO scores that are above 650 means that you're more than qualified not only to have your car loan application approved but also the right to have low interest rates. On the other hand, having a FICO score below 550 may mean that you have to pay higher interest rates or worse, have your car loan application disapproved.
You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:
About The Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
Article Source: http://EzineArticles.com/?expert=John_Mussi
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