Posts Tagged ‘total’

Used Car Finance – Lessons for Making Money

You might think that used car finance simple involves a dealer, a bank or other lender, and a down payment on the part of the buyer. That is how it works in some cases, but it gets much more creative than that. Let’s look at a real life example, and see what lessons can be learned to apply to making money in other businesses.

A friend of mine used to have a used car lot. He teamed up with a creative used car finance company to sell cars to people who had trouble getting traditional loans. I don’t recall the name of the company, and I may get a few figures wrong, but I remember the principles very clearly.

A typical deal might have started with the dealer taking a trip to the auction. He would buy a car there for $1,200 (wholesale) which might have had a retail value of about [...]

Using Auto Loan Calculators Advantageously

Luckily, the economy has shown signs of recovery and finding the best auto loan deals are on everyone’s mind. Getting a good deal on an auto loan is dependent on your knowledge about auto loans so it is crucial you know when you are truly getting a good deal and when it is all just a set up. An auto loan calculator is what makes such a judgment practical and easy. There are a number of auto loan interest calculators online that you can use for free to determine just how much that dream car of yours will cost. The calculator can also be a great help in determining prematurely whether you will qualify for a certain auto loan or not.
While searching online for a good auto loan deal, you may very easily get disoriented and confused while trying to determine the percentage markup with respect to the price of [...]