Comments on: Cheap Car Loans: Get Ready for your Car http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car Bank Articles Wed, 23 Dec 2009 00:08:44 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: musclecars=love http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1104 musclecars=love Tue, 06 Oct 2009 15:35:39 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1104 musclecars=love, if you are seriously interested in pursuing a career as an auto technician, I strongly recommend you read through ALL the posts in the following two links below: http://www.flatratetech.com/forums/index.php?showtopic=24925 Since you are a Chevy man, I thought I would provide another interesting post for you to read through as well. It's actually a letter by a mother written to a local newspaper, outlining the rude awakening her son got when he pursued his career at a GM dealership. Here it is: http://www.flatratetech.com/forums/index.php?showtopic=28169 musclecars=love, if you are seriously interested in pursuing a career as an auto technician, I strongly recommend you read through ALL the posts in the following two links below:

http://www.flatratetech.com/forums/index.php?showtopic=24925

Since you are a Chevy man, I thought I would provide another interesting post for you to read through as well. It's actually a letter by a mother written to a local newspaper, outlining the rude awakening her son got when he pursued his career at a GM dealership. Here it is:

http://www.flatratetech.com/forums/index.php?showtopic=28169

]]> By: Richard K. http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1105 Richard K. Tue, 06 Oct 2009 15:35:39 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1105 If you want to understand the interest problem, find a website with a mortgage calculator. Put in a relevant number, like 80,000, for the loan, and do it over 30 years at 5.5% (fixed interest). Look at the total interest you'll pay (if the calc doesn't tell you that, use another calc). It'll be a scary number. Now change the loan to 20 years. See how yer monthly payment goes up, but your total interest paid goes way down. Then do it for 15 years, and maybe ten. Somewhere in there will be a monthly payment you can handle. The higher it is, the less interest you pay. Oh, and bear in mind that if you had a three year car loan, with 5% interest, you paid more than 5% total by the end of the loan... because the 5% is per year (sort of). If you want to understand the interest problem, find a website with a mortgage calculator. Put in a relevant number, like 80,000, for the loan, and do it over 30 years at 5.5% (fixed interest). Look at the total interest you'll pay (if the calc doesn't tell you that, use another calc). It'll be a scary number. Now change the loan to 20 years. See how yer monthly payment goes up, but your total interest paid goes way down. Then do it for 15 years, and maybe ten.

Somewhere in there will be a monthly payment you can handle. The higher it is, the less interest you pay. Oh, and bear in mind that if you had a three year car loan, with 5% interest, you paid more than 5% total by the end of the loan… because the 5% is per year (sort of).

]]> By: wewtage http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1106 wewtage Tue, 06 Oct 2009 15:35:39 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1106 Walk in there, find the car you're interested in, and start looking at it. Wait for the salesman to approach you. If you haven't test driven the car yet, listen to his sales pitch and give it a test drive, but remember to keep what you found on Edmunds in mind. Try to put on a poker face for the entirety of the sales part. Once you're done, you to the negotiation table. Ask the salesman what he can do, but don't give a price yet. If he offers MSRP, say that won't work and that you know that he can do much better. Once you have coaxed a number out of him, offer him your price. Be sure to start lower than $500 over invoice. I personally start at $500 below invoice. If it's an outright no, then I start increasing numbers until it sounds reasonable. Remember to negotiate up from invoice instead of down from MSRP. Above everything, it's really an informal and streamlined business meeting. If you offer what you're willing to pay right off the bat, they'll try to get you to pay above that. You need to act like you're willing to pay less than what you're actually willing to pay, or else you'll get a bad deal. They've been doing it for years. Oh yeah, make sure to get the salesman to bring the sales manager out or else they will play the game and wear you out. Walk in there, find the car you're interested in, and start looking at it. Wait for the salesman to approach you. If you haven't test driven the car yet, listen to his sales pitch and give it a test drive, but remember to keep what you found on Edmunds in mind. Try to put on a poker face for the entirety of the sales part.

Once you're done, you to the negotiation table. Ask the salesman what he can do, but don't give a price yet. If he offers MSRP, say that won't work and that you know that he can do much better. Once you have coaxed a number out of him, offer him your price. Be sure to start lower than $500 over invoice. I personally start at $500 below invoice. If it's an outright no, then I start increasing numbers until it sounds reasonable. Remember to negotiate up from invoice instead of down from MSRP.

Above everything, it's really an informal and streamlined business meeting. If you offer what you're willing to pay right off the bat, they'll try to get you to pay above that. You need to act like you're willing to pay less than what you're actually willing to pay, or else you'll get a bad deal. They've been doing it for years.

Oh yeah, make sure to get the salesman to bring the sales manager out or else they will play the game and wear you out.

]]> By: Kate http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1103 Kate Tue, 06 Oct 2009 15:35:38 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1103 We really cannot tell you what your chances are. Each individual landlord has their own criteria. All you can do is apply and hope for the best. Good luck! We really cannot tell you what your chances are. Each individual landlord has their own criteria. All you can do is apply and hope for the best.

Good luck!

]]> By: raspberryph http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1101 raspberryph Tue, 06 Oct 2009 15:35:37 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1101 By: Metallkopf86 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1102 Metallkopf86 Tue, 06 Oct 2009 15:35:37 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1102 By: pnewman30 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1098 pnewman30 Tue, 06 Oct 2009 15:35:36 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1098 1200/mo is crazy for a car payment. Do you have any problems with the Jeep? If so then get rid of it, but do not trade it in. Sell it off the streets. I personally would try to sell it for 9k or 10k, or whatever the market rate is. $ just doesn't go away, and by trading it in becuase if you get rid of the negative equity in the jeep, and into the new car, then you would have more negative equity in the new car. You would go out of your mind!!! I personally do not believe in car payments, but if you have to buy a car or truck try to spend less then 15,000, and pay less then 300 a month. If you don't have any problems with the jeep, then I think you should keep it to avoid paying more in taxes and fees for the other car. 1200/mo is crazy for a car payment. Do you have any problems with the Jeep? If so then get rid of it, but do not trade it in. Sell it off the streets. I personally would try to sell it for 9k or 10k, or whatever the market rate is. $ just doesn't go away, and by trading it in becuase if you get rid of the negative equity in the jeep, and into the new car, then you would have more negative equity in the new car. You would go out of your mind!!! I personally do not believe in car payments, but if you have to buy a car or truck try to spend less then 15,000, and pay less then 300 a month. If you don't have any problems with the jeep, then I think you should keep it to avoid paying more in taxes and fees for the other car.

]]> By: Just me http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1099 Just me Tue, 06 Oct 2009 15:35:36 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1099 Might look around UNF - quite a few apartment complexes (including a lot of new ones along 9A) and you might find a college student who is looking for a roommate to share expenses. Might look around UNF – quite a few apartment complexes (including a lot of new ones along 9A) and you might find a college student who is looking for a roommate to share expenses.

]]> By: CriMsoNMiSSinG http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1100 CriMsoNMiSSinG Tue, 06 Oct 2009 15:35:36 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1100 I got a mazda 3 and love it. It has 75,000 miles on it now. Never had anything wrong with it. Always starts. All I ever did was regular maintenance. Oil, brakes, tires and battery that's it. Consumer report listed it as the one with the best repair record that's why I got it. Couldn't afford a car that nickles and dimes me to death and spends more time in the shop than me driving it. I had a mazda truck many moons ago and we couldn't kill that thing either. My sister-in-law put it in the river one icy morning. She submerged the engine. We pulled it out let it dry and it started right up. It was amazing. I sold it a 250,000 miles. My second favorite car was a Toyota. That one kept going and going too. I got a mazda 3 and love it. It has 75,000 miles on it now. Never had anything wrong with it. Always starts. All I ever did was regular maintenance. Oil, brakes, tires and battery that's it. Consumer report listed it as the one with the best repair record that's why I got it. Couldn't afford a car that nickles and dimes me to death and spends more time in the shop than me driving it. I had a mazda truck many moons ago and we couldn't kill that thing either. My sister-in-law put it in the river one icy morning. She submerged the engine. We pulled it out let it dry and it started right up. It was amazing. I sold it a 250,000 miles. My second favorite car was a Toyota. That one kept going and going too.

]]> By: hernzicus http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car/comment-page-1#comment-1092 hernzicus Tue, 06 Oct 2009 08:35:28 +0000 http://www.oaklandbanks.net/bank-rates/cheap-car-loans-get-ready-for-your-car#comment-1092 US still doesnt want to face reality the DJI leading companies are still way too over valued we are still in a bear market rally trap,after the current market rally. Watchh the US dollar itll be worth nothing soon. US still doesnt want to face reality the DJI leading companies are still way too over valued we are still in a bear market rally trap,after the current market rally. Watchh the US dollar itll be worth nothing soon.

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