moneybarn Launch the UK’s First Online Bad Credit Car Finance Calculator

Posted on October 14, 2011 by admin

moneybarn Launch the UKs First Online Bad Credit Car Finance Calculator
moneybarn, the UKs leading non prime car finance company have today unveiled the first ever car finance calculator for customers with bad or poor credit – with just the car registration number and a few details around purchase price and mileage, visitors to moneybarns website can get an instant car finance quote for a range of credit profiles. Car finance with bad credit has been made simpler and quicker with this new initiative from moneybarn.

Our individual car loan credit centers gives you a totally free, no obligation price quote for that completely new car loan or possibly a previously owned car loan.

Car sales growth may slow down to 2-4 %

Posted on October 14, 2011 by admin

Car sales have been depressed for last many months as RBIs attempt to tame spiralling inflation by raising interest rates has hit vehicle financing rates. Sandilya said interest rate on car financing has gone up by 3.6% since April last year and are currently hovering around the 13% mark.

Companies like Maruti Suzuki , Hyundai and Tata Motors are feeling the heat. Many companies have cut production to fall in line with slow demand. According to analysts, the dearer interest rates have also increased the EMIs on home loans, leading to reduction in disposable incomes. So, many people have preferred to postpone car purchase to a later time, an analyst with a Mumbai-based brokerage said.

Marketing heads of many top car companies are already complaining of reduced traffic at dealerships. The festival season , where demand usually peaks, is expected to be a moderate affair due to the despondent mood among buyers.
All of our car loan borrowing centers provides a zero cost, no obligation rate for just about any spanking new car loan and even a second-hand car loan.

Fed to the Rescue? Will Operation Twist Enhance Your Car Loan?

Posted on October 13, 2011 by admin

Fed to the Rescue? Will Operation Twist Enhance Your Car Loan?
By Justin Stoltzfus
Thursday, Sep 22 2011 14:43

Although remarks by Fed Chairman Ben Bernanke earlier in this month did not provide a lot of foreshadowing about what the Federal Reserve would do to handle todays economic problems, we now know that the central bank has initiated an oddly named program to lower interest rates for long-term bonds: Operation Twist, as its known in much of the financial world, aims to promote some kinds of lending by using $400 billion to supply long term loans, in hopes that various kinds of spending on credit will become more attractive to borrowers.

There are really two main schools of thought on this. The first one is that Operation Twist might actually help a little bit with new and used car loans, since the Feds action may make already low interest rates just a little bit lower, to the tune of a couple of tenths of a percent. On the other hand, a whole lot of experts and analysts are saying that the changes are not really going to affect consumers visiting dealers lots, mainly because the change in interest rates will be so negligible. A lot of the effect of this change is meant to be psychological, and some of those with an ear to the ground are saying it will take a lot more to jump-start the new American economy.

Regardless of whether new Federal Reserve activity has any effect on car loans and other kinds of similar lending, the fact is that as a borrower trying to finance a new or used vehicle, youll get much further by doing good financial research than by relying on changes to the prime lending rate. The Federal Reserve could slash interest rates to -5% (if such a thing were possible) and many dealers would still be offering the same 8-10% interest rates on car loans. In many cases, especially on used car lots, these interest rates are even higher. Thats why you can save a lot more by shopping around and getting a much lower rate deal from a bank or credit union then you can by timing your purchases at a dealership according to market interest rates. The bottom line is, when you visit a lot, always know what the manufacturer is offering, and where the best deals are. This will help you to really achieve savings in new or used car financing, regardless of where central bankers set the bar.

We specialize in assisting people ascertain car loans for chapter 13 or a low credit score.

New York Times Provides Tips on Car Financing

Posted on October 13, 2011 by admin

New York Times Provides Tips on Car Financing
By Justin Stoltzfus
Friday, Sep 23 2011 14:55

With the American economy in less than stellar shape, and many consumers worried about big purchases, buying a new or used car on todays market can be tough. When money is tight, its even more important to bring a good strategy to the table for negotiating a final price and financing agreement with a car dealership. Earlier this year, the New York Times provided some good tips for car buying and explored some innovative ways to get the scoop on car pricing before visiting the lot.

One item mentioned in the Times story is something that experts often recommend. Some in the auto industry might call this a pricing strategy. One of these strategies is waiting out expensive auto markets. That means if there is a crunch in inventory, as happened this summer, car buyers who put their plans on hold can see prices come down in future months. Another aspect of this is figuring out if specific models are priced up due to low availability, brand cachet or other factors.

Aside from knowing the context for a particular car models value, buyers can also engage in a deeper analysis of any financing agreements that are offered to them. One very good resource for this is something called a foursquare calculator. The NYT story introduces one of these tools from top auto reviewer and consumer reporting firm Edmunds, and we found it to be one of the best ways to calculate the total value of an auto financing deal.

Basically, the financing deal includes four major parts. One is the cost of the vehicle that the buyer wants. Another is the value of a trade-in. The difference between these two values is subjected to two other factors. One is a down payment, which lowers the amount of financing needed, and the other is the eventual cost of the interest rate on the financing agreement itself. This last part is critically important. Without looking at it in depth, buyers may not really understand how a certain interest rate will have them paying additional money to the lender over every month of their auto loan.

The introduction of this financing tool underscores what weve been stressing for any car buyer who wants to finance all or part of their purchase: that just accepting a low monthly payment is not a good idea. Many dealers sell this way, tempting customers with a seemingly small amount of money that will come out of each paycheck or monthly budget. Often, these agreements can hide a lot of additional costs, from up front fees to padded interest rates, that will have buyers paying out much more over the term of the loan than what they could have secured from another lender. Buyers who at least take a look at tools like a foursquare calculator and heed some of the other advice in auto loan columns from industry experts can find themselves saving a lot of money to go toward all of the other costs of ownership, from maintenance to filling up the fuel tank, and in todays market, many buyers cant really afford to ignore these opportunities.

Our company specializes in helping people discover car loans for consumer bankruptcy or a low credit score.

Insurancecar.co Reminds Car Buyers About Insurance Costs

Posted on October 13, 2011 by admin

There simply is no way around carrying full coverage protection on a new vehicle when financing. Even used car financing generally requires that the consumer purchase full coverage. So, with no way around it, Insurancecar.co makes the simple suggestion to budget correctly. When budgeting for the monthly car payment, only accept a financing deal that you can afford along with the new car insurance rates.

Car Insurance Discounts

Another way to keep the costs down on full coverage insurance is to take advantage of any discounts that your insurance provide may offer. Once all of the discounts have been applied, then check to see if you can afford that new car. Savings with some insurance companies with discounts can shave up to $200 off monthly premiums. Definitely something to look into.

The top 5 coolest cars from moneybarn, the leaders in car finance for people …

Posted on October 12, 2011 by admin

Petersfield, Hampshire (PRWEB UK) 29 September 2011

With 30,000 to spend on what Top Gear would describe as a cool car, where would the average consumer put their money? And if the consumer was looking for car finance for people with bad credit, how would this change things? moneybarn, the UKs leading non prime car finance company have put together a top 5 list of cool cars that are both exciting and interesting, whilst also being within reach of many drivers who have impaired credit.

At number five on the moneybarn bad credit car finance list is a slightly off the wall choice. A 700cc Smart car and a Smart Brabus Roadster to be precise. This is a true Marmite car – people either love the mimimalist, no nonsense approach that Smart take to their cars or think they belong in your local Toys R Us store alongside trikes and bikes…

Even if drivers are not Smart fans, they shouldnt give up just yet – this is no ordinary Smart. And with prices now starting from around 4,000, drivers will struggle to find more driving fun for the money. Tweaked and tickled by legendary Mercedes tuners Brabus, the Brabus Roadster has a re-worked ECU and turbo which ups power to 101hp and has been given stiffer dampers and lower springs which takes grip to a whole new level over her lesser non-Brabus siblings. The Roadster will never worry a Porsche driver in terms of power, but brute force isnt what the car is about – especially since it weighs less than a small child. What it is about is back to basics fun driving – the Roadster has a decent turn of pace provided you keep to the speed limits and yet it still returns upwards of 40mpg. With a moneybarn bad credit car finance deal, a typical Smart Roadster Brabus could be on the driveway for an inital payment of 955.17 and 42 payments of 188.79 (APR 30.2%).

At number four on the list is the Porsche 911. It really should be at number one, but its pipped to the post by cars that try a little less hard to impress. And from 625.63 a month with moneybarn car finance for people with bad credit it could almost be called a bit of a bargain. Almost.

Yes it may have a reputation and yes, the design has barely changed in decades. But, and this is a really big but – there is really nothing quite like the 911. Since its inception forty eight years ago (as a 901), the flagship of the Porsche range has become a driving icon, and for good reason. A flat-six engine that sits at the rear beneath the unmistakable long rear overhang growls and burbles, the impossibly precise steering is aided by low weight and immense mechanical grip and it rewards and punishes good or sloppy driving in equal measure. Based on a 25,000 sale price, with a 7,500 initial payment, potential Porsche owners would be looking at a further 35 monthly payments of 625.63 (APR 21.9%).

Granted its not especially pretty, nor is it particularly quick, but at number three on the list is a car that ticks nearly all of the boxes of modern drivers and for that reason, makes it onto the list. The Skoda Yeti Crossover is inexpensive, reliable and well built car – with huge cabin space and sensible running costs. It also drives better than its boxy shape and badge would suggest.

Two-wheel drive Yetis are attractively priced and hold their value well, but the four-wheel drive models are fairly pricey – a typical franchised dealer example would cost around 12,995 for the 1.2 litre turbocharged variant – despite being small, it delivers decent punch and still manages to retain respectable mpg figures. This kind of Skoda would cost from just 356.81 per month, based on an inital payment of 1,627.25 and a 48 month agreement (APR 23.1%).

At number two on the list is the Audi RS4 Avant. Enthusiasts have endless debates with BMW and Mercedes owners about the relative merits of the RS4 versus BMWs M3 or the Mercedes C63/ C55 AMG but the Audi edges things. Just. The normally aspirated 4.2 engine delivers a mind boggling amount of power, delivered smoothly all the way to a grin inducing 155 mph and from rest , right up to this electronically limited top end, RS4 owners will be baiting 911 Carrera and other exotica all the way. The RS4, especially in estate form just looks right – purposeful and poised. The V8 sounds incredible too. Jeremy Clarkson described it as being like God snoring. Perhaps, but whether owners ever admit it in public or not, they will spend time seeking out tunnels to get an earful of the 414 horses at full gallop.

Plump for the estate and choose a subtle colour and you theres a real Q car. With a moneybarn bad credit car finance agreement on a 23,000 car, customers would need to make an initial payment of 3,026.70 and 47 further payments of 603.36 (APR 20.5%).

At number one on the coolest cars list is a car that has been around since 1947, uses an engine from a Ford Transit, rolls uncomfortably through almost every corner regardless of speed and at over 15ft long probably wont fit in a standard car parking space. Not the best start for a cool car, but the Land Rover Defender is an icon nonetheless. And heres why. Even when pimped with tinted windows, chrome and shiny alloys, the Defender means business – although theres no denying it looks infinitely better muddy and battered. No fancy people carrier or luxury SUV, its a hardcore off-roader thats unstoppable in the rough, whether faced with impossibly muddy trains, uneven riverbeds or alarmingly steep inclines. In 2011, it could be called an anachronism – its neither economical (20.9 mpg) sporty (0-60 in 14.7 seconds), environmentally friendly (291g/km) or cheap (25,000+). But on any given day, in any part of the world, somebody is glad theyre in a Defender and not a lesser machine – and for this reason, its number one on the top coolest car list.

Assuming drivers are not looking to cross rivers or take on deserts, the Landrover Freelander is probably a more usable alternative from Land Rover. Still capable off road and refined on the tarmac, the latest iteration is a different league from the pre-07 version. Prices are starting to creep towards the 10k mark – a main dealer example can be had for around 11,495 and with a moneybarn bad credit car finance deal, it would cost from 318.27 per month, with an initial payment of 1,473.07 and 47 further payments. (APR 24%).

About moneybarn

moneybarn creates more opportunities for more consumers to finance the purchase of cars with a responsible, ethical and inclusive approach to car finance. With over 20 years experience of working with customers with unusual and non conforming backgrounds who may have experienced difficulties obtaining credit elsewhere, moneybarn is the UK’s leading specialist car finance provider. More information can be found at http://www.moneybarn.com

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Bad credit car loans are for sale for people who had below-average credit or even simply no credit all over the country.

The New Standoff: Clean-Car Jobs Vs. Disaster Relief

Posted on October 12, 2011 by admin

Enlarge Paul Sancya/AP

Ford’s Michigan Assembly Plant used to produce SUVs. Now it churns out the Ford Focus, with help from a federal loan program. House Republicans are looking to cut funding for the program to offset money for disaster relief.

Paul Sancya/AP

text size A A A

September 24, 2011

The once-rare possibility of a federal government shutdown has reared its head again, this time over House Republicans’ desire to offset spending for disaster relief with money for other unrelated projects.

A clean-car loan program has become a key battleground. The House spending bill would take $1.5 billion from the program for disaster relief. Democrats say that would be a huge mistake.

The Advanced Technology Vehicles Manufacturing (ATVM) program was created by Congress and President Bush in 2007. The program lends companies money to retool their plants to manufacture clean car technologies. It received bipartisan support, and according to the Department of Energy, it has saved or created 39,000 jobs — most of them at Ford.

The company’s state-of-the-art Michigan Assembly Plant reopened in May with help from the loan program. It used to produce SUVs; now it’s set up to assemble the Ford Focus.

“These retooling loans made it possible for Ford Motor Co. to save 1,900 jobs at their Michigan Assembly Plant in Wayne, Mich., so they could build the all-new Ford Focus electric and the battery-electric Focus in America,” said Democratic Sen. Debbie Stabenow, who represents Michigan.

Web Resources

ATVM Projects That Have Already Been Funded

Ford officials say 11 plants in five states benefited from the program. The company even moved a hybrid battery facility from Mexico to Michigan to take advantage of it.

Four other companies have received more than $2 billion in loans through the program so far.

Stabenow took to the Senate floor Friday to protest the proposed cuts.

“To me it is outrageous that the House of Representatives — Republicans in the House — have included a job-killing offset to pull the rug out from and put up to 50,000 American jobs at risk,” she said.

That’s not how House Republicans see it.

It’s All Politics
House, Senate Stalemate Over Spending Bill Days Before Potential Shutdown

“We’re doing everything that we can to find every dollar that we possibly can to ensure that our fellow Americans who are suffering due to these disasters are able to have the resources that are necessary,” said Rep. David Dreier, whose district is in Southern California. “Of the $1.5 billion which is utilized in the offset, it’s been sitting in the coffers for three years.”

Dreier and other House Republicans insist that even disasters shouldn’t get funding without cutting spending from somewhere else. They also say the ATVM program is a fine place to cut because the program has spent less than half of the $7.5 billion it received three years ago.

“So to act as if we somehow are going to see some great loss of jobs is, again, a mischaracterization of what is happening. We’re establishing priorities,” he said.

Dreier was one of more than a dozen Republicans who voted to cut funding to the program, yet also in recent years sent letters to the Department of Energy pushing for clean-car projects in their own states. The letter Dreier signed suggested a California company would create more than 2,300 jobs making lithium ion batteries if it got the money.

Rep. Norm Dicks (D-WA) said on the House floor there are 18 loan applications in the pipeline now that could create another 50,000 jobs.

“Some of these jobs will be at risk because of this offset. This is not the time to put American manufacturing jobs at risk,” Dicks said.

It’s not just Democrats in Congress who are saying this. The U.S. Chamber of Commerce sent a letter to the House highlighting the value of the program. The National Association of Manufacturers sent letters, too. Chip Yost, a vice president for the association, said the group is trying to spread the word that it supports the program.

“We just think these are the kinds of programs and partnerships that work really well between business and government,” he said, “and we think that this is a program that’s in place, it’s operational, and we’d like to see it continue to move forward.”

Just how much money the loan program has going forward will depend on what happens in Congress next week.

Car Loan Rate Deal of the Day: Allegany County Teachers Federal Credit Union …

Posted on October 12, 2011 by admin

Pre-owned vehicles are a hot commodity these days, as more Americans seek to hold onto frugality in tough economic conditions. Allegany County Teachers Federal Credit Union provides members with an amazing car loan rate of 2.99% APR for used 2008-2011 vehicles.

Car Loan Rate Terms and Conditions

In order to obtain a loan, you must be a member of the credit union. This car loan rate applies to vehicles for 2008-2011 model years only. Members can select between 12-60 month terms for repayment. Membership is restricted to employees of Allegany County Teachers Federal Credit Unions employee group, as well as their immediate family members.

About Allegany County Teachers Federal Credit Union

Allegany County Teachers Federal Credit Union was charted in 1950 to support the financial needs of the local Allegany County teaching community. They remain committed to supporting the financial success of their member-owners by providing a variety of products and service with a personal touch. Presently, their membership exceeds 7,000 individuals with over $72 million in assets.

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

Crest Car Loan generates on the net auto credit with respect to car loans as well as less than perfect credit auto loans nationally.

Rightway Automotive Credit Announces that Kelley Blue Book Offers 10 Tips For …

Posted on October 12, 2011 by admin

Chicago, IL (PRWEB) October 09, 2011

The professionals at RightWay Automotive Credit know that buying a car for the first time is a celebratory moment in anyones life, regardless of age. On top of that, getting a good car loan in Chicago, Illinois can also be difficult. This is why KBB.com expert editors have offered up their best kept secrets to ease the trip to the dealer with these easy-to-remember pointers.

One of the top items on their list was getting a good car loan, which is something the professionals at RightWay Automotive Credit can help with. They have the knowledge and experience to help consumers know their options when it comes to getting a car loan. Local Chicago residents are urged to contact them for more information on how to get the best financing terms with the lowest down payment possible.

The car-buying process is never filled with as much uncertainty as it is for the first time, said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Books kbb.com. With this advice in mind, Kelley Blue Book hopes to alleviate some of the stress inherent with such a large financial decision.

Founded in 1926, Kelley Blue Book, The Trusted Resource, is the only vehicle valuation and information source trusted and relied upon by both consumers and the industry.

Below are the KBB.com editors 10 Tips for First-Time Car Buyers:

?10. Establish a realistic budget

?9. Know what you can spend monthly

?8. Establish your transportation needs

?7. Identify and prioritize your wants

?6. Do your research (its never been easier)

?5. Locate a convenient dealer

?4. Take a test drive

?3. Determine the proper purchase price

?2. Secure financing, or know your options

?1. Enjoy the process

As you can see with number two on the list, securing auto loan financing is an important part of the car buying process. Consumers need to know their options, and this is where RightWay Automotive Credit comes in for local Chicago residents. As the premiere place to get help with an auto loan in Chicago, Illinois or surrounding areas, they are committed to helping people get the most from their car loan – even with bad credit.

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Crest Car Loan allows for web-based car credit for car loans and also low credit car finance nationally.

Online Car Loan- Get Set To Drive Your Own Car

Posted on October 12, 2011 by admin

Online Car Loan- Get Set To Drive Your Own Car

Finance a car to make your life easier

Are you really willing to purchase your own car? Adequacy of funds forces you to compromise with your dreams? Poor credit status cant make your loan application get approved? Then, considering bad credit Car loans UK can be the reliable and suitable way to gain financial assistance for purchasing your dream car. This financial service is easily available in the market.

Car loans UK are offered to you with very favorable terms, so that you can purchase your dream car without any hindrance. The amount offered under these loans is usually 80-100% of the total amount required. Besides, it also depends on how much of the money you can afford to pay upfront as down payment. The more you can pay, the less you will have pay as monthly installments.

You can get eligible with online car loans UK even if you are having bad credits. These loans are available to all despite being a bad credit borrower. It does not matter to the lender if you are suffering from records such as defaults, arrears, CCJs or bankruptcies, you can apply for this loan without any stress and hassle.

Online application can be the best way to get applied for cheap car loans. It can be quite simple and fast that just require you to fill in an online application form with very few formalities. Within short span of time, you can collect number of loan quotes from different lenders online. Researching and comparing the loan quotes is advised before taking any decision. It enables you to find the most competitive deals of all.

Online car loans UK are offered for a small period of time. Since these loans are made to tackle urgent short term monetary crisis, thus the interest rate can be slightly higher. In that case, comparing various loan quotes of different borrowers boost the chances of arranging these loans on affordable price.

The repayment term usually lasts for a period of 5- 7 years. But prior to the availing of the loans, you should conduct a research of your own by choosing the car you intend to buy, its market price and the prevailing interest rates. You should go for dealers who offer added benefits of free upholstery, music system, free insurance and so forth.

Loan 2 Loan UK is a great option in case of Car Loan, However, a great advancement has come into effect in the financial market and the fraternities have turned up with several lucrative offers for the Car Loan.

Crest Car Loan will help you to receive the best car finance rate designed for bad credit car loans everywhere guaranteed.

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Category Archives: Car Loans Approval

moneybarn Launch the UK’s First Online Bad Credit Car Finance Calculator

Car sales growth may slow down to 2-4 %

Fed to the Rescue? Will Operation Twist Enhance Your Car Loan?

New York Times Provides Tips on Car Financing

Insurancecar.co Reminds Car Buyers About Insurance Costs

The top 5 coolest cars from moneybarn, the leaders in car finance for people …

The New Standoff: Clean-Car Jobs Vs. Disaster Relief

Car Loan Rate Deal of the Day: Allegany County Teachers Federal Credit Union …

Rightway Automotive Credit Announces that Kelley Blue Book Offers 10 Tips For …

Online Car Loan- Get Set To Drive Your Own Car