Sunday, March 14, 2010

Know What You Need

Before you implement a contract, know exactly what it is that you need. Shop around to compare the offers - and above all the interest - of building societies, banks, independent financial brokers and dealers own arrangements.

Always compare like with like - if you must add up to € 2000 and intends to repay the loan within three years, each lender to ask the details of the APR (annual) for a loan of this amount, the size of the monthly payment more than 36 months, and the total amount to be repaid.

Remember to check the interest rate is fixed or variable.

Note that some systems can not buy the car, but rent long term!

Determine how much you can afford to pay per Mo. repay a loan adds to your costs, so they try to as soon as possible - to pay less in total interest paid on short-term loans.

Borrow only what you can afford to repay, and always try to buy as much of your own money as possible, pushing the car.
Clued-up on credit

Insert the largest deposit you can afford

Calculate how much you should borrow

Check out terms from different lenders

Compare like with like loan amount and term

Always check the APR (annual percentage rate)

Secured loans are cheaper than unsecured loans

Apply for your credit record if a credit refused

Contact with the borrower, if you can not keep up repayments

Make a payment scheme

Get comprehensive insurance for the car

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