CAR LOAN RATES » Auto Loan News

MSNBC just reported that the quantity of late payments for auto loans has slightly decreased over the first quarter of 2009 as compared with the final quarter in 2008. Consumers should not get too excited by this small amount of good news, as compared to the same period last year auto loan delinquencies are up a total of28%.

Some think that the subtle decrease in delinquent car loans may be a tell-tell sign that the economy is finally stabilizing, but the truth is, it is actually a normal behavior for the industry. According toPeter Turek, TransUnion's automotive vice president, there usually is a drop in car loan delinquency from the end of one calendar year compared to the beginning of the next. Turek reported that this years typical decrease was slightly smaller then last years drop.

If you're looking for the best auto loan rates, Go Banking Rates can help. Please check back often as car loan rates change daily.

With the overstock of car inventories, government tax incentives and generally low interest rates, the time to buy a new car has never been better. Before jumping off your couch and running to your favorite manufacturer to scoop up some bargains, it is important that you are aware of your consumer rights when it comes to auto loans as it could save you money!

In general, consumers with good credit should expect their auto loan rates to be somewhere in the 6% range. As always, the higher your credit score, the lower the interest rate you will be entitled to. The rates not only fluctuate because of your history, but because of the state of the vehicle purchase, the size of the loan and the overall terms of the loan agreement. Depending on who you are and what you do, there may be special circumstance you need to be aware of to get the most affordable auto loan out there.

African Americans need to be especially cautious when shopping for an auto loan. According to theConsumer Federation of America (CFA), that demographic pays an average of 15% interest on a car loan. It is an unfortunate and unfair reality, but those who are fearful of the unjust treatment should shop for their auto loans online with sites like Go Banking Rates as opposed to shopping at the dealer. Online you will solely be judged on your merit and this tip applies to anyone who is fearful of getting charged too much unnecessarily.

Military personal may be entitled to lower interest rates on their car loans because of their enlistment. If you are a service person, it is important to check for military loans, as they will probably offer the best deals out there. Plus, military loans are a bit more flexible as far as not requiring a fixed address or allowing a longer repayment schedule as they understand the special needs of that demographic.

Recent college graduates may also be entitled to deals and incentives that require special attention. Many car manufacturers have special promotions specially targeting new entrants to the work force. With all the student loans you probably have amassed any amount of cash-back, low interest or other type of deal can certainly help out in the long run.

Before you set foot into a dealer, you should check your credit score , take any steps to correct it and then comparison shop for the best auto loan rates available. By taking the time to explore such websites as Go Banking Rates , you can easily find and then secure an auto loan for your...

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Taking out an auto loan without feeling under-confident is a rarity, especially for the first-time borrower, which is why it's great to be armed with questions to ask lenders before paying a visit. Luckily, you've reached the right place to find those questions. So let's take a look at some...

If you have a low credit score , you may be worried about the repercussions you'll have to face from a bad credit auto loan; however, you may be able to make a seemingly bad situation good. In other words, obtaining an auto loan with bad credit doesn't always have to be negative. Let's look at...