Posts Tagged ‘motor & transport’

African Americans

Saturday, May 18th, 2019

Some of the car manufacturers like Ford, GM, Mazda and Hyundai offer discount programs in addition to the standard discounts and rebates generally offered to the students, if they decide to buy a new car. In addition, many money lenders and credit institutions offer cash rebates, highly affordable interest Council, down payment waiver, and even flexible paying terms in their car financing rate for both new and used cars. Generally a credit history check is not required for availing a student car loans at low interest rate. Benefits offered to military personnel through military car loans it is good news for individuals working in the armed forces. Both the federal as well as the state governments offer several facilities by which armed forces personnel can avail vehicle loans with lower interest rate. The government subsidizes the loan provided to defense personnel by the lenders and banks, to make it possible for the ultra-delicate to benefit by paying lower interest Council, as well as support reduced monthly payments for the loan redemption.

It is not required to have a fixed residence to avail a military loan, and even freshly joined personnel can avail the loan benefits. A word of caution for the citizens in minority If you belong to a minority group of citizens, or happen to be of Hispanic or African American origin, according to the Consumer Federation of America or the CFA, you might end up paying more while buying your car. As per the report, on average African Americans paid approximately rate have 15% of interest for their car loans, while Hispanics have paid even more than that, which is much above the normal Council of interest charged from the others. So If you belong to the minority group or have a Hispanic origin, it is important to know your constitutional rights and make sure you pay the normal rate of interest for your loan. About author: A car buyer can avail a low car loan interest Council if he or she has a better idea about the automobile market, and has to ability to negotiate effectively with the car dealer or money lenders. Educating oneself can go a long way in saving money while financing a car and availing credit facilities. The article provides certain facts which can be helpful to you while buying your desired car.