Best Car Loans

Best Car Loans

What are the Best Car Loans for under $250?

As 0% APR Car Financing continues to be popular in the automotive industry, it definitely pays to keep up with the latest  and best car loans and Auto Loan Offers. This month's top car lease offer is a Toyota Corolla with just $899 down and only $129.00 a month. Surprisingly, there are some 60 and 72 month, 0% APR loans on new cars which rival this very attractive lease offer from Toyota. Think about it; if you can get someone to loan you the money to buy a brand new car, interest free for up to 5 or 6 years, that is going to be financial offer that is hard to beat.

The best car loans being offered from Ford, GM, Toyota, Hyundai and Nissan on their economy models will get you in a new car for an attractive lease type price. Of course, the advantage to buying the car is that you own whatever equity is left in the car after your loan is paid off. I thought it would be interesting to rate the best car loans for under $250. A car payment for under $250 per month requires finding a car that sells for less than $16,500 MSRP, then putting 10% down to bring your finance amount down to $15,000 or under. Read the rest of this entry

0-Down Car Lease Offers

Corolla for $129.00 a Month

People have asked me why I don't do articles on 0-Down Car Lease offers. The reason is simply this: any car can be leased with nothing down. A down payment; otherwise known as a Cap Reduction doesn't change the total cost of your lease, it simply lowers your monthly payment. Your Average Monthly Payment and Total Cost to lease the car remain the same. See  our Car Lease Ratings Guide. So, why are some car lease deals for no-money down and others are not? Because monthly car lease specials are simply a marketing game. Car manufacturers are going to structure their monthly offers in a way that looks most attractive to buyers.  You can lease any car with nothing down - just ask. Typically, every thousand dollars you put down on a car lease lowers your payment by $20 - $30. So, what looks like the better offer? No-Money down or a lower monthly payment? It is the same game retailers play when they price their goods at $99.99, instead of $100.00.. It's our psychology and what looks or feels best to us at the time.  For example, it might make me feel better to put $500 down and make a $295.00 monthly payment, rather than no-money down and a $305.00 payment. In reality, the best thing to do is save my cash to help make those monthly lease payments. This is pretty much the same way I look at income taxes. I'd rather take as much as I can now and get nothing back or even owe a little on April 15th. Some people, feel better knowing they are paying too much, but will be due a refund at the end of the year.  Read the rest of this entry