binda: Jun 2, 2012

Saturday, June 2, 2012

Auto Financing and Making the Most of Your Credit

Are you looking for a new car? Chances are that you'll be financing that new vehicle. The rising cost of new vehicles has made it increasingly difficult for consumers to purchase a car outright. Financing is a valuable tool that allows you to drive the car that you need and pay for it over time. However, not all lenders are created equal. Likewise, not all consumers are given the same interest rate on their auto loan. Being an informed consumer puts the power in your hands. By knowing the game being played, you can control that game. Here are a few tips to help you maximize your buying experience and get the best loan possible.

o Know Thy Self - When you apply for a loan, the first thing that prospective lender does is pull a copy of your credit report. This report (and the associated credit score) determines the loan that you will get, or even if you will get a loan. Knowing what the lender will see will take the surprise out of the process. You are entitled to a free copy of your credit report each year. Use this tool to your advantage. If your report is less than stellar, take steps on your own, such as paying off debts, remaining current on payments and negotiating payment arrangements with delinquent accounts.

o What's Your Score - While your credit report is an incredibly valuable tool, you'll also need your credit score. This is not included in the credit report, which comes as a surprise to many consumers. Be warned; you will have to pay for you credit score from each of the credit bureaus.

o Know Thy Friends - Know the lenders with whom you are applying. Applying for an auto loan blindly is an easy way to be taken for a ride. Apply with prime lenders first, as you will get the best deals through them. Only if you have exhausted the pool of prime lenders, should you consider using a subprime lender. In addition, there are other tools at your disposal. If you are a member of a credit union, apply through them. If you have been a long-standing member of a local bank, consult the loan officer. Never limit your options to auto lenders.

o Know Thy Enemy - In this case, the enemy is the dealership. While they provide the automobile that you need, they mask the true cost of the vehicle behind a screen of dollar signs. By getting the consumer to focus solely on the monthly payments, they hide the true cost of the vehicle. Financing through a dealership may be a viable option, but it is often a poor decision. Dealer-financed loans are frequently some of the most expensive in the industry. Find out what fees (in addition to tax, tag and title) are listed in the contract, as well as the interest rate charged by the F&I office. By knowing their tactics, you can avoid being hit with sticker shock when you sign your loan papers.

Dealers nationwide are searching for special finance auto leads in order to help them through the tough economy. The auto makers in a hurried frenzy trying to keep pace with the diminishing demand of gas guzzling SUVs. In the meantime, consumers are turning to online shopping and web inventories to do their research and shopping. Online automobile finance leads are gaining ground in this ever changing economy.

Special Finance Auto Leads

Purchasing a used vehicle can be a fantastic way to avoid losing money through depreciation. Savvy consumers can shop around and find an excellent vehicle, in many cases comparable to what they would have been able to find had they chosen to purchase a new vehicle.

However, finding and buying a used car carries just as many quandaries as does buying a new one, perhaps even more so. What questions should you ask when purchasing a used vehicle? How do you attain the best financing for a used car? Should you use the Internet when shopping? Here are some tips to help you find the best car for your needs and get it financed, as well.

First, you must shop around. By comparing several dealerships, as well as online options, you will be able to make an informed decision about purchasing. For instance, never assume that simply because one car is priced at a certain amount with a particular dealer, that it will be priced the same at other dealers. In addition, you can frequently find lower prices when you shop online, enabling you to pay less for the car or truck in question. As a note, if you decide to purchase online, find out what the terms of delivery or pickup are. This can save you a bundle, as well. Many online sellers charge for delivery, but if it they are within driving distance, you can avoid this fee simply by picking up the car on your own.

Second, you must ensure that any used vehicle that you purchase has been fully inspected. Not only does this mean ensuring that a technician's checklist has been completed, but it also means checking the car over yourself. Never be hesitant to open the hood and inspect the engine or poke around inside the vehicle. Doing this now can save you time and money later.

Finally, once you have found your vehicle, it's time to determine what financing method you'll be using. If you are purchasing through a dealership, you may be able to finance through them. While this can be convenient, it can also be costly. Remember, any dealership will bump up the interest rate offered on the loan, in order to make a profit.

A better option for financing a used car is to attain funding on your own. You can do this through local banks and credit unions, as well as through several online lenders. By having the money in hand when you head to the dealership, you'll be able to pay much less for the car, truck or van. In addition, if you have your financing squared away prior to making the trip to the dealership, you have more bargaining power, as well as a definite price point. You cannot exceed the loan amount you received, so you must stick within your price range. This helps you avoid overextending yourself in your new auto loan, as well as helping to ensure you get the vehicle you need, rather than one into which the salesperson finagles you.

SpecialFinanceLeads.com is the nation's premier source for special finance auto leads.

SpecialFinanceLeads.com is trusted by thousands of dealers nationwide to help meet and exceed their sales quotas. With advanced credit scoring, real-time lead delivery, cost-effective pricing and no startup costs, and thousands of satisfied customers, SpecialFinanceLeads.com is your best source for subprime auto leads.

Tips For Auto Financing

If you have never purchased a car from a dealership, or have previously purchased but never been sure how the finance process actually work, here are some helpful tips. Financing has become the most common method of purchasing a new (or used) vehicle. The steep rise in auto prices makes it difficult for most consumers to simply lay cash on the barrelhead. Therefore, it makes sense to know on what criteria your loan will be based.

o Your Credit Score - Few things are as integral to your auto loan as your credit score. This will dictate what interest rate you are offered, the length of auto loan available to you and much more. In fact, your credit score is the largest contributing factor to the entire loan process. If you do not know what your credit score is, the best choice is to get a free copy of your credit report from one of the credit bureaus (one from all three is a better option), though you'll have to pay for the actual score.

o Your Down Payment - The amount of money that you use as a down payment is a vital part of what determines your loan payments. The larger your down payment is, the lower the amount of money that you will have to finance. This helps you reduce your monthly payments and, when combined with a strong credit score, can help you receive the deal that you want.

o The Market - While your credit score plays a role in the interest rate that you receive, the current market conditions also play a large part. Many consumers are unaware of what the current market conditions are and, thus, have no way of knowing if they are receiving the best interest rate or not. Interest rates fluctuate based on the economy; knowing what those rates are will help you attain the best deal possible.

o The Source of Your Auto Loan - Many consumers mistakenly believe that it is easier to obtain financing through the dealership. While it may be more convenient, it is certainly not the only, or even best, method. Local banks and credit unions can offer you a viable option, as can online lenders. By having your financing already in place, you can avoid the expensive hassle of dealer financing and get a better deal on your new vehicle.

o Your Trade In - The value of your trade-in vehicle is an important part of the process. The more your vehicle is worth (to the dealer, not market price), the more money you will receive for your vehicle. Never think that you will receive fair market value for a trade-in. Dealers will pay only what they feel the vehicle is worth. This value includes how easily they can sell the car (demand) and how many similar cars they currently have (stock).

By ensuring that you know these areas of information, you will be able to ensure that you remain in control during the purchase process, as well as ensure that you pay the lowest price for that new car.

SpecialFinanceLeads.com is the nation's premier source for special finance auto leads.

SpecialFinanceLeads.com is trusted by thousands of dealers nationwide to help meet and exceed their sales quotas. With advanced credit scoring, real-time lead delivery, cost-effective pricing and no startup costs, and thousands of satisfied customers, SpecialFinanceLeads.com is your best source for auto leads.

Finance Leads

Financial firms are no exception with the need for more income. It does not mean that if they handle money and finances that they are already full of it. On the contrary, a lot of financial firms nowadays have it hard in keeping their business afloat, let alone make it grow.

As part of their quest for financial stability and their eventual growth, a lot of today's financial firms start out with their own b2b lead generation campaign. This marketing strategy has been gaining a lot of ground and popularity over the recent years. Firms, especially those that are located within the financial district, know that generating leads is much more beneficial and effective than most direct selling means.

Initiating a lead generation campaign is the right way to go in search of quality finance leads. Nonetheless, the road to an effective campaign is a long and winding road. For one reason, the course needs the right kind of experience and expertise for it to provide a fruitful completion. Any less than the right level will put the campaign and even the business in quite the predicament.

Building up the required experience takes a while as it needs, well, experience. To get to this, the financial firm may experience a 'trial-and-error' period with regards to their marketing campaign. During this period, they might try out several processes and procedures to see what works and what won't. As it takes quite a while to get the required experience, the firm will have lost a lot of leads to the competition during this time.

Additionally, as stated earlier, the campaign also needs the right level of expertise for it to acquire the quality leads the financial firm is looking for. Without the right level, even if the firm does get the leads, the prospect will still have a very low chance of closing the deal.

For financial firms to acquire the right experience and expertise almost instantly, it is better for them to outsource their lead generation campaign to a specialized telemarketing company.

What do we mean by specialized?

These are the telemarketing firms that know the financial industry like the back of their hand. Other than that, these specialized telemarketers know their way around other industries as well. Therefore they already have the expertise required to get the attention of prospects with utmost efficiency.

In terms of experience, these telemarketers fall no short than the required amount of it. For one thing, this is their line of work; that is to get leads for their clients. Hence, they already know how to adapt to most situations with regards to getting and keeping the interests of potential clients for financial firms.

With the experience and expertise intact, the benefits are now sure to come in for the financial firm which, of course, includes the increase of their ROI. Outsourcing to these specialized telemarketing firms will be the first step to their success. In time, the financial firm will conquer their targeted market with the aid of these telephone marketing companies.

binda

Saturday, June 2, 2012

Auto Financing and Making the Most of Your Credit

Special Finance Auto Leads

Tips For Auto Financing

Finance Leads

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