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New cars and trucks have become quite expensive over the years. Inflation only tells part of the story; a lot of the increase in price is due to technology. Air bags, antilock brakes, and computer systems that control everything have added to the price, too. On the plus side, cars perform better and more safely than they did a generation ago. Safer or not, cars are expensive, and buying one affordably is a problem that most consumers eventually face. The most affordable way to buy a new car or truck is to take advantage of manufacturer-offered low interest rates, which can occasionally run as low as zero percent. Those rates, while generous, aren't offered very often and are generally available only to buyers with the highest credit scores. Business - List of business/finance/loan/mortgage resources Computers - List of computer hardware/software/peripheral resources Internet - List of webhosting/webdesign/internet marketing resources Software - List of software resources Web Design - List of web design/development resources Web Hosting - List of web hosting resources Web Promotion - List of search engine optimization/internet marketing resources Web Resources - List of other web resources Recreation - List of travel/hotel/cruise resources Casino - List of online gambling/poker/blackjack/roulette resources Health - List of online pharmacy/hospital/health resources Shopping - List of online shopping/gift resources Miscellaneous - List of all other resources not stated above
Otherwise, consumers are generally forced to use other, more traditional, lending options, such as bank loans or dealer financing. There is one other, and often overlooked, financing option that may work well for a lot of buyers - using a home equity loan. A home equity loan is a loan that uses the portion of your house that you own as collateral. If you have a house that is valued at $150,000 and you still owe $100,000 on your mortgage, the remaining $50,000 is your equity. |
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