Welcome to Easy Car Loan Site.
What is Car Loan?
Once you decide you want a new car, the first thing you should do is figure out how much car you can afford. As we said in Section I, don’t let your dealer help you with these calculations. Do them yourself before you go shopping.

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Avoid unsecured loans if possible
Avoid using unsecured personal loans if you can put up some security for your borrowings. This will get you a lower interest rate. A home equity loan, or redraw of extra repayments, allowing you to borrow against the equity built up in your own home or an investment property, is the best option of all, and could get you finance at up to 5 percent less than a car loan.

Be clear about leasing
Leasing is really just another form of borrowing to finance a car. But unlike loan finance - where you take ownership of the car and offer it or something else as security to the lender

lease finance sees a leasing company take ownership and give you the use of the car under contract for a specified period.

There are an increasing variety of different types of personal credit these days; car loans, commercial loans, leases, home equity loans, are just some of the examples.

Be honest in loan applications
Be honest about why you want the loan. Your bank may be able to offer you a loan option that better suits your circumstances. There are an increasing variety of different types of personal credit these days; car loans, commercial loans, leases, home equity loans, are just some of the examples.

Can't get a standard loan? There are alternatives
If the banks, building societies and credit unions won't lend to you because you're self employed, newly arrived in the country or have a poor credit history, consider the booming non-conforming and "low doc" loan market. A number of non-bank lenders offer loans which especially cater for this type of borrower. The interest rates on non-conforming loans are generally higher but come down after a few years of on-time repayments.

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Does this lease have a down payment?
Don’t pay it if it does. Have your dealer roll the down payment into the monthly payments—don’t cough up a lot of money at the outset.

The ostensible purpose?
 The ostensible purpose of the new agency would be to protect borrowers from unscrupulous lenders, but - since fraud and deception already are against the law - it would be more accurate to say that its purpose would be to protect borrowers from themselves.