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Technology Hospitality Water Commentary RESOURCES Online Plan Room Attorney Directory San Diego SourceBook RESEARCH Site Index Public Notices Source Sales Tools Special Reports Classifieds COMMUNITY Locales Landmarks Arts and Entertainment Events Movies Restaurants Travel Weather Traffic SEARCH Friday, October 27, 2006 Input Form for AutoCalculator Simply Enter the reqested data below and your monthly payment will be calculated. Enter the total amount in US dollars: Enter the percentage rate of sales tax (Ex. 7.75%): Enter your downpayment if any in US dollars: Enter the interest rate as a percent (Ex. 9.7%): Enter the length of loan in months: Enter any other fees in US dollars: Company Info Advertising Feedback Privacy Policy Acceptable Use Policy Contact Us All contents herein copyright San Diego Source San Diego Daily Transcript 1994-2006 please do not send emails to this account car loan


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Ne lending company to another. Many a lending company charges a small service fee when you take a new loan. A small fee has to be also paid for getting your credit report from third party. How to get your auto loan application approved To get your auto loan application approved, your income statements and credit history play a critical role. The dealer will quickly take you through the various auto loan schemes offered by their partner finance companies and banks. If you note carefully, you will find that the car dealer may show special interest in showing you the various schemes. Obvious, they are not doing it without a strong reason. Almost all the dealers receive a hidden fee or commission from the loan lending companies for giving you a higher interest rate. The rate of interest that you will pay will depend upon your credit history. Better your credit history, lower is your loan interest rate. Car Loan Mark-up If you, by sheer ignorance, take a auto loan at an interest rate higher then you have to pay, the difference is called as “markup”. The mark-up is split between the car dealer and the company who lends you the money. The new San Diego laws limit the dealer’s share of this mark up. Now, a car dealer can get lesser or only up to 2.5% from the lending company for arranging a loan for you from the company. You can also refinance your existing auto loan with any car finance company in San Diego. This will help you lower your interest payments. If you have already taken a auto loan and months later find that you have been over-charged, you can seek he

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