Buyer Auto Finance

Finance suggestions for auto buyers

 
     
 
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Buyer Finance Suggestions


Finance Suggestions

Finance is a subject important to everyone.


NOTE: We are not attorneys.. we are just trying to make a point. Consult an  Attorney.

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This topic changes often and is never static. It is in the news daily. There are television shows specifically devoted to this subject. Each person has a different view and are quick to make suggestions. Some say never finance while others recommend financing.

What is a high credit score? What is a low one? What can you buy with a credit score of 520? What can you buy if your credit score is over 800?

I have a suggestion ... educate your self on finance. You cannot go wrong. As soon as you figure out what works for you, it will change. It's worth the effort.


Look at our current finance market. Take a look at what the creative finance gurus have left us. Do I hear talk of another bail-out? Does it affect our economy?

Get to know these terms...Credit scoring, bad credit, no credit and default clause. Everyone with a social security number has a credit score. What is a credit score?  How is it calculated? I suggest a little research at ASK.
What is a fed box on a contract?  What is Regulation Z?  Who regulates it and why? There are some dealers who finance cars that don't know. Are you buying vehicles from them? Is your finance contract hand written?


What is the maximum interest rate that can be charged on a vehicle in your state? Are you going to just trust the dealer?

Are you making regular car payments while making additional payments to cover the down payment at the same time? There are laws in some states that regulate how many payments?

Just for grins... copy the text in quotes and paste them into any search engine. "HSBC complaints" Ask

There are a lot to know about finance. Are you going to educate yourself or just blindly trust those on the other side of the desk?
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Finance Models
Credco Red Flag
Finance Companies
Finance Terms
Free Credit Report
Lemon Law
 
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