Friday, December 28, 2007

The auto puzzle!

The auto financing companies are so many that it is often quite difficult for a lay customer to make head or tails of the whole thing. The prices of the cars are only going up day after day and they are not going to come down so we better forget that. It is time to be realistic about our expectations and the capital that we have, all of us would love to have a Porsche but maybe it is time that we all thought a bit sensibly, not just about the car that we want to purchase but also about the finances that we are planning to use for this purchase and by that I am talking about car loans.
These days we all need help in one form or the other when it comes to purchasing cars and whenever we run into financial problems one of the very first people we tend to approach is our banks. But the banks these days are not that ready to offer us loans and eve if we apply to them, it takes forever for the banks to vet our application for the auto loan. And even if the banks by some chance decide to offer us the loan, the rate of payment is so high that it really is not that worth it. And even if we go to some outside agencies, there are a lot of them out there, there is always someone there who is ready to take advantage of us.
To help us out in this auto minefield, this site has come out with its own blog with the sole purpose of educating us with some relevant facts regarding car loans and financing options. They have also listed some safe options for us, the common man to utilise and what to watch out for when applying for a car loan. So before you go ahead and sign some document with some shady character, it is better that you go to the car loan blog and read it at least once so that you will have a fair idea as to what you are getting into!

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