Mortgages | Car Loans | Personal Loans | Debt Consolidation | Credit Reports | Credit Cards
Taxes | Managing Money | Credit Help | Checking Accounts


Auto Loans

General Info:
-Choosing an Auto Loan
-Buying Your Child a Car
-Your Credit & Loan Rates
-Avoiding Repossession
-Car Loan Terms
-Teen Drivers

-Interest Rates
-Auto Warranties
-Car Insurance
-Dealer Info
-Saving $ While Driving
-Buying & Selling
-New Car Info
-Used Auto Info

Personal Loans
Debt Consolidation
Credit Reports
Credit Cards

 -Managing Money
 -Credit Help
 -Checking Accounts 



Buying a car is an investment. However, there a lot of extra costs involved in owning a car, i.e. gas, maintenance, auto insurance, ect.. All of these costs can end up costing you a lot of unanticipated money. Learn how to save money on gas!

When in the market for a car, the first thing you need to do is determine how much you want to spend. One a price range is determined, you will need to calculate how much you want to leave as a down payment...then you will be in a good position to negotiate the best price possible for your car. Try using the car loan calculator to help determine what you can afford as your down payment and purchase price.

Don't look to minimize your down payment by accepting long financing term. If you choose to trade-in or sell your car after one or two years, you will owe more on your car than it is actually worth. This is called being upside-down on a car loan. In order to avoid being upside down, you should always look to leave a down payment of at least 20%.

Once the purchase price of your car is finalized, it is likely that the dealer is going to offer you financing. Be leery of dealer financing. They make a lot of money from the financing contract and will look to get as much out of you as possible. Star Loan Services will get you the financing you need, minus the stress. Low auto loan rate programs for people of all good and bad credit types. Learn more about the auto loans we offer.


Auto Loan Tip:
It is important to negotiate the price of your car before you even mention that you are interested in dealership financing. If the dealer knows before hand that you plan on utilizing their financing, they will try and take advantage of you by giving you a lower car loan rate for a higher price or vice versa.

As mentioned, obtaining a car loan from a dealer is not always the best idea. In addition to applying for an auto loan with Star Loan Services, you use the equity from your home for a car loan. When using a home equity loan or line of credit, you are borrowing against the value of your home. Learn more about building equity.

Not only are the interest rates associated with these types of loans are usually lower than auto loans, there are tax deductible. It is important to note that using the equity from your home to purchase a depreciating asset that can be stolen or totaled in a car crash is a risky.

More Suggested Readings

Factors That Influence Auto Loan Rates
Getting the Right Car Loan
How Lenders Use Your Credit When Applying for Auto Financing



Home | Apply NowCommon Questions | Auto Loan Glossary | Interest Rates | Depreciation Calculator
Auto Warranties | Car Insurance | Dealer Info | Car Loan Basics | Rebates | Saving $ While Driving
Buying & Selling | New Cars | Used Autos | Contact Us | Car Loan Info

Car Loan Types: Bad Credit Car Loans | No Credit Auto Loans | Auto Loans with Bankruptcy
Used Car Loans | New Auto Loans
Car Loans for Students | Person-to-Person Loans | Auto Loans from Dealerships

1998 Star Loan Services Inc.. All Rights Reserved. Privacy