Category Archives: myAutoloan

Used Auto Loan From My Auto Loan

Getting an auto loan is not a difficult thing; however, finding a suitable automobile for use is one. If you have shortlisted your options or you have decided which car to buy, you can move ahead with the loan process. Auto loans are available for new and used cars alike. However, the interest rates may vary depending on the type of the car. Used auto loans are expensive as compared to those for new automobiles.

Things to consider when buying a used car

Before you decide to buy a used car, make sure it is in good health. You can get the car checked by a trusted mechanic or technician. Ask the seller of the car to bear the check-up cost. Finding a used car that is in good condition is an important aspect to getting a used auto loan at minimum interest rates. So take some time to find a suitable option. When you buy such a car, get extended warranty for it so that you do not have to bear expenses for unexpected things happening with the car.

Credit report – why it matters?

Check your credit report and see if it is in good shape. You can get the same for free online from the reporting agencies. A good credit report assures the lenders that you will repay the loan in time. It also helps in getting lower interest rates than otherwise. If your credit score is in a bad state, wait for some time and try improving it. Get the updated credit report and use the same for applying used auto loans.

The Need for financial planning

Whether you buy a used or new car, what is important is that you know your expenditures well. Make a chart and write down the basic expenses. Apart from the basic expenses, you should save some extra money towards miscellaneous expenses. When this is done, you will be able to get some idea as to how much you will be saving after paying for the necessities. Now, use the payment calculator on the site and get the estimate on the amount you will be paying towards installments each month for a certain loan amount. If the amount fits your monthly budget, you can go ahead and start the application for auto loans.

We at My Auto Loan make efforts so that we can advise our customers to make the best decision when it comes to securing a loan for their automobiles. You are welcome to some discussion if you need further assistance for getting a used auto loan. For your convenience, majority of the terms for loans are mentioned on the site along with the interest rates for a period of 36 – 72 months. If you had like to know more about the options in detail, you can contact us and we will assist you further with your inquiry. We respect the privacy of our customers and hence take every possible measure to keep it safe. We are accredited by Better Business Bureau and provide services in 48 states.

MyAutoloan Finance Company Granting Lenient Auto Loans

For those who may be interested in procuring an auto loan, the auto loans service provided by myAutoloan Finance company is unparalleled in various aspects.  It is an online-based company that enables customers to procure financial assistance when buying an automobile.  The efficient organisational framework of this company ensures immaculate customer care and a pleasant experience.

The company offers a swift and easy procedure for loan application. A customer can apply for a loan online and opt for the suitable loan category that may apply to them.  The company facilitates customers in financing them when buying a new or a used car.  If one intends to buy a brand new vehicle, he or she must opt for a new loan, and accordingly when intending to buy a used vehicle.  The company has comparatively lower interest rates than other companies and is hence, a better option for those who may be looking for assistance in getting a new automobile.

Like all auto loans, the loans offered by MyAutoloan Finance are liable to be paid within about 3 to 5 years, depending upon the agreement that one has agreed to.  The best thing about the company is that it does not charge anything at the time of application.  Compounded by this feasibility is the assistance provided by their staff.  A customer is further facilitated by on-duty loan specialists who can better guide a customer about the best arrangement for a client depending upon one’s credit situation.

Prior to granting a loan, a finance company customarily scrutinises a customer’s credit history in order to know whether it would be a wise decision to dispatch finance to a client.  On the contrary, myAutoloan provides immense leverage to customers with a bad credit history.  However, understandably, the company charges slightly greater interest as security of repayment.  The interest rate may be cut down if a customer chooses to pay part of the money as down payment to the dealer

As compared to other companies, myAutoloan facilitates customers who have previously sought the company’s services in buying a car.  The auto finance loans offered by the company help a customer procure a new loan at a lower interest rate since the company would provide them consideration for having taken a loan previously.

In order to provide insurance coverage to customers who are intending to buy a car, the company has contracted agreement with several different insurance companies.  It is mandatory to have an insurance quote before one can qualify for an auto loan.  Therefore, the company further facilitates its customers in helping them find an insurance plan that is affordable.

Evidently, the online initiative of myAutoloan.com Finance company has greatly facilitated people in obtaining a loan.  The terms and conditions concerning auto loans are fairly lenient.  A customer has the liberty to repay the amount within a maximum of 5 year duration.   He or she may also draft out a monthly payment plan so that the interest rate does not become a financial strain upon the customer.

Follow us on:
Twitter        http://twitter.com/myautoloan
Facebook    http://www.facebook.com/myAutoloan

New Cars with Lots of Value

Had some great feedback on our last post and we were requested to dig a little deeper on autos that provide real consumer value.  Well, we will give it another shot and extend our scope some.

2011 Lincoln MKZ| Luxury

Frankly, with all the models in the luxury sedans market, having to identify one that seems to have more value is a tough one.  Really did some research in this area and think that the 2011 Lincoln MKZ’s balanced approach wins over the best Germany or Japan offers.  We’re not talking all-out performance, but value. The MKZ is a perfectly competent luxury sedan that comes nicely equipped. It also offers a delicate balance of tout handling and a smooth, comfortable ride.  The 2011 Lincoln MKZ starts at just $34,645.

2012 Ford Mustang | Sports

Well, here we are with another Ford – as I’ve said before, I just love what they have done both in style and in quality.  But this fun to drive Mustang is sporty and very good looking.  Wow, I think I’m in love, lol.  Great looking and an excellent racecar like handling with powerful brakes.  I think it is the best Mustang since the Shelby.  It offer all that I’ve mentioned in a package that everyone can afford – all the while the truck space is so big that you won’t have issues with road trips or shopping.  It’s the ultimate value in the sports car class. The 2012 Ford Mustang starts at just $22,310.

2011 Honda Odyssey| Minivan

Here is a nice minivan with a lot of perks, nice seating arrangements that fold flat and a great compliment to when you need to haul things home from Lowes.  The new Odyssey sports a number of design tweeks that really make the auto appear much sportier and visionary than before.  Nice interior compliments the design but you won’t believe how comfortable this minivan is!  We think it has some excellent value.  The 2011 Honda Odyssey starts at just $28,075.

So what is the best way to get one of these auto financed?  To begin with you will need to compile a list of auto financing options.

Dealing direct is a good way to save money and dealing with a company that searches for the best offers in auto loans is also a good way to go.  Only through requesting and comparing quotes would you have a clearer picture on the various financing options. The time taken is now far less thanks to the net.  Companies like myAutoloan.com provide this matching and multiple offer process.  Again, myAutoloan.com is a proven choice.

Another idea and one of the better options to consider would be a large down payment that would then allow you to qualify for a shorter term and potentially a lower interest rate.  Of course there are also zero down payment options available for those people on a tight budget but they really are hard to qualify for.  You’re going to need good credit to do so.

In most cases the period of the auto loan would be anywhere from thirty six months up to seventy two.  If you were to choose the longest term then the overall cost is likely to be greater than if you could pay back the balance in a short time.  Choosing 48 to 60 months should provide you with the best rates.

Make sure you are clear if the interest rate is fixed or flexible – We recommend that you never take a flexible rate car loan.  Though a fixed rate is easier to understand it may end up costing more over time whereas a flexible interest rate would mimic the prevailing market conditions – so as long as the rates are low, grab a direct loan soon.  Since they are currently low, get it fixed because we all know they are sure to rise down the road.
Tips and Tools:

Auto Loan Calculator

Tips to Improve Your Credit

Auto Loan Info

GM June U.S. Sales Improve 11 Percent

• GM gains market share in first half of 2011, with sales 192,056 units higher
• June retail sales rise 16 percent year over year, and up 4 percent over May
• Chevrolet Cruze sales surpass 20,000 third straight month; retail sales up 153 percent
• June total sales of full-size pickups increased 15 percent compared to May

General Motors dealers in the United States reported 215,358 total sales in June, an 11-percent gain compared to June 2010 according to a GM press release on Friday July 1. The gain was the result of continued solid retail demand for the company’s wide selection of fuel-efficient vehicles. Retail sales for GM’s brands rose 16 percent for the month, compared to a year ago, and were 4 percent higher than May.

For the month, Chevrolet Cruze had retail sales 153 percent higher than the Chevrolet Cobalt it replaced, and total sales above 20,000 for the third straight month. The 32 MPG highway-rated GMC Terrain and Chevrolet Equinox compact crossovers saw a combined retail sales increase of 78 percent during the month.  Passenger car and crossover retail sales also rose substantially, up 33 percent and 24 percent, respectively.

“With continued strong consumer demand for GM’s fuel-efficient vehicles, June was another solid month for us,” said Don Johnson, vice president, U.S. Sales Operations. “The month caps a successful first half of 2011 for us in the U.S. market – our sales are up and we’ve gained share profitably”, as reported in Forbes’ by Agustino Fontevecchia.

In the first half of 2011, GM dealers in the United States have reported 1,261,633 vehicles sold – a 192,056 unit increase over the first half of 2010 – leading to total and retail market share gains.

Passenger Cars
Total sales of GM passenger cars increased 28 percent during June, compared to a year ago. Retail sales for cars rose 33 percent for the month on the continuing strength of the Cruze, which was up 153 percent compared to the Chevrolet Cobalt it replaced. The Cruze Eco, which delivers an estimated 42 miles-per-gallon highway, accounted for 17 percent of the model’s sales during the month.

For the year to date, retail sales for GM’s full-size pickups are up 12 percent, while total sales of 259,101 units represent a 12-percent increase compared to the first six months of 2010.

Month-end dealer inventory in the United States stood at about 605,000 units, up about 21,000 units compared to May and about 168,000 units higher than June 2010.

It’s so nice to hear good news about the auto industry!  Let’s hope more good news is to follow.