At the Fence: Four Pointers for Getting a New Car Loan

Thursday, September 19, 2013

Four Pointers for Getting a New Car Loan

Hi Neighbors!

Very few people can pay cash for a VW Jetta in Chicago. Most individuals need to purchase a new car through obtaining a car loan. Following are four pointers to help you understand and get the best financing possible for your new vehicle:

· Determine your monthly payment first.

· Calculate your loan amount.

· Shop around for the best interest rates.

· Understand the cost of add-ons and other variables.

Determine Monthly Payment

The very first step is to figure out how much money you want to spend on a monthly car payment. Analyze your budget. It is best not to stretch your budget too tight with a new car payment. You never know when an emergency or event will arise where you will need extra money, such as medical bills or a surprise vacation. Once you have determined the amount of money you want to spend on a monthly payment, make a commitment not to go over that amount.

Calculate Your Loan Amount

With a figure picked out for a monthly payment, you are ready to calculate the loan amount that you can get. The Internet makes this very easy since there are several different loan calculators that you can find online. The loan calculators will allow you to include adjustments for add-ons, taxes, interest rates, cash down payments, etc.

Shop Around for Interest Rates

Interest rates vary from place to place. In order to get the best rate possible, shop around. There are several online lending institutions that will give you a quote over the Internet. Check out your bank or credit union. Also check with the dealership. Just because you get prequalified with a certain place doesn’t mean you are obligated to actually take out the loan with them. Sometimes a quote from one place can help you negotiate a better rate with another place.

Understand the Cost of Add-ons

If you are going to buy any add-ons for your VW Jetta in Chicago, remember that these will be added to your loan amount. Add-ons can result in a higher monthly payment. Therefore, in order not to go over your maximum monthly payment amount, you would need to shop for a different model or forgo some of the extra features for the new car.

Disclosure:This is a sponsored post brought to you in part by Bucks2Blog.

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My name is Lori and I am a stay at home mom. I have six children. 4 girls and 2 boys. We all love to try new products, which is one of the reasons I started At the Fence. At the Fence is where neighbors used to share information. A neighbor would walk out and talk to her neighbor At the Fence about anything and everything. From how their children were doing to what type of medicine Suzie was taking for her cold. They recommended products and services to each other while standing At the Fence. That is the type of website I want to create here, where neighbors can come and hear about new or interesting products and services.

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Salvation Message

1. All men are sinners (Romans 3:10, 23, Eccl. 7:20).
2. Those who die in their sins go to the lake of fire for all eternity
(Rev. 20:10-15, John 8:24)
3. Good works and religious deeds will not take away sin or
assist with sins being forgiven (Romans 4:5, Eph. 2:8,9)
4. Christ however PAID for your sin when He died on the cross,
shed his blood and three days later was resurrected (Col. 1:14
Is. 53:6, John 3:16).
5. For you to be saved from hell, you must first REPENT (be
willing to turn from sin and false religion),THEN you must
place your complete faith in the Lord Jesus Christ, trusting
Him alone for your salvation.
Biblical salvation will not occur unless one sees their sinfulness before God and has a desire to follow Christ.
Biblical salvation will result in an individual being a "new creature" in Christ (2 Cor. 5:17) and being delivered from a lifestyle of sin (1 Cor. 6:9-11).
Good works and religious deeds such as baptism are a RESULT of salvation, not a means to acquire it.
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