• Automotive,  Finance

    Tips on Shopping For a Car Loan

    A car is a major purchase, which is why you need to consider your options carefully. To help you out in your search and reduce your costs overall, here are a few tips on shopping for a car loan.

    Establish your budget beforehand

    The first step is to determine how much you can afford. This would establish the kind of vehicle you’re going to buy, whether it’s new or second hand, and what your financing options are. To arrive at this decision, you need to compute your expenses and see if you have enough money for the purchase.

    See how much the car costs

    Once you establish your spending plan, check how much the corresponding cars cost in Sweden. If you have a particular model in mind, see if it would fit your budget first. For instance, if your funds dictate that you can afford a new car within $14,000, then you should limit your search to that price bracket.

    Check your credit score

    But before you actually start shopping for a car loan in Sweden, you need to check your credit rating first so that you can be sure you’re getting a low interest rate. If you have poor credit, getting a car loan may be difficult and/or expensive so you may have to consider other financing options (more on this later).

    Research and compare several loans

    You can start your search for a billiga billån online. There are some good financial portals inn Sweden that will provide you with loan calculators to help you out. Just enter the loan amount, choose the term length, then click the Find Products button to see the results. The results are arranged by interest rate. From here, you can view each car loan’s website, get the information you need, compute your monthly repayments using our car loans calculator, and see which deals you like.

    Get pre-approved for a car loan

    Before you set foot in a dealership, make sure you get a pre-approved loan since it’s cheaper than the loans that car dealers offer. In addition, you can also use the pre-approved loan as a bargaining chip in case you do try to negotiate a loan from the dealer.

    Don’t go over five years

    Whatever you do, never get a car loan that takes longer than five years to pay. Some dealerships will offer six- or seven-year terms, which virtually assures that your car loan will be upside-down (i.e. the loan will cost more than the car’s actual market value). You’ll be making payments well after the warranty.

    Focus on the loan amount

    Dealership salespeople will ask you how much you can afford monthly and try to lower this amount, but focus on negotiating the loan amount instead. Lowering the monthly may help you save a few hundred per month, but this only add to the loan’s interest and keep you in debt longer.

    Look beyond the interest rate

    The interest rate isn’t everything. There are other variables that you need to look at, such as the term length, payment frequency (monthly, weekly or fortnightly), fees and charges (annual fees, processing fees, early payment charges), and insurance—all of which can make the loan easier or more difficult to pay off.

    Consider other finance options

    If you have poor credit or are unemployed, a regular car loan is pretty much out of your hands. However, there are still other ways to finance your purchase. You can use your credit card, your home’s equity, a personal overdraft, or maybe a payday loan. If all else fails, you can just save for the car.

  • Automotive,  Law

    Careless Driving Legal Help

    You need someone with the know-how to assist with red light infractions, stop sign tickets, speeding tickets, personal injury matters and much more. If you have a serious charge like Careless Driving or Impaired Driving contact Lighthouse Legal right away.

    Navigating the streets of Toronto can be difficult to do and even the best Drivers can get into accidents or receive traffic tickets everybody gets a ticket eventually. The problem is that in most cases, the effect is not only fines but also demerit points and insurance increases. Most people would pay the fine but most people also understand that it is worth trying to fight a ticket in order to avoid insurance rate hikes and the imposition of demerit points which can eventually result in the loss of a driver’s license if too many points are added.

    Lighthouse Legal is your gateway to professional advice and professional representation when you have a serious charge like Careless Driving, and the place where you can find professional paralegals who will fight for you in court to do everything possible to make sure that you do not suffer from increased insurance premiums and demerit points if there is a way to reduce or eliminate them from your record.

    They will make sure that whatever your situation, that you are given the best service possible in Toronto and the whole Ontario region so you can avoid convictions and not suffer from convictions to speeding and other traffic tickets.

    If you are looking to have your stop sign traffic ticket defended, call Lighthouse Legal for a free initial consultation, they will make you feel welcome and help you out with all your traffic ticket defence needs. Their staff is capable of eliminating charges or reducing them.

    Were you ever involved in a situation where you got caught not wearing your seat belt? They can help. So if you have been charged with a traffic ticket and are facing the threat of demerit points, they can help you with your problem.