|
July 08, 2001
By
Kristen McCarthy
Website:
http://www.1st-choice-loans.com
>
Ideas to use when considering a car loan
If you are looking for a car, considering a car loan may be the right option for you. A car loan can save you a lot of time, money and hassle. Approved loans can provide you with an opportunity to find the best value for your vehicle of choice.
Being approved for a car loan only takes a few simple things. The applicant must be a minimum age of eighteen, minimum gross income for an individual must be $1, 800, or joint $2,000, repossessions must be over one year old, bankruptcy must be discharged with one line of positive credit, no multiple bankruptcies, credit must be at a minimum score of 560, and the applicant must have a positive high line of credit of 2,500.
The car loan process first lets the applicant view rates and payments with anonymous quotes for specific vehicles or loan amounts. Once your application is approved, your interest rate will be locked in for 30-60 days (depending on the lender), giving the applicant time to shop for the right car. Your check draft will arrive in the mail made out to a maximum amount for any dealership.
With your car loan, you are on your way to taking home a new or used car of your choice. Remember that the car must meet a few requirements. The car, truck or motorcycle must have fewer than 75,000 miles, and cannot be used primarily for business or commercial purposes.
For
more information on car loan - click here!
> About The Author:Kristen McCarthy is a successful author and the
publisher of http://www.1st-choice-loans.com. A resource for car and motorcycle loan information including online suggestions for bad credit loans. *Webmasters,
need free content for your website? This free
article and many others may be reprinted providing the
hyperlinks are left intact... more
*Authors,
start or further your writing career
or hobby by allowing us to match your articles with dozens
of webmasters in need of fresh content... more
|
