Leading Auto Loan services platform Autochek Africa has announced the launch of a dedicated brand-new cars section on its website and mobile app, allowing customers in East and West Africa to access a variety of digital financing options to purchase new cars and trucks from reputable manufacturers.
The offering will provide repayment tenures of up to 60 months and attractive interest rates from leading regional players, such as Ecobank and Kenya’s NCBA Bank, with up to 90% financing, the company said in a Wednesday (Dec. 8) press release.
Commenting on the launch, Autochek Africa’s COO Timi Tope Ologunoye said, “We…
Walking onto the lot at a Car dealership can be intimidating.
A salesperson usually greets you — sometimes pretty aggressively — as soon as you park, eager to claim you ahead of their co-workers and turn you into their next commission.
You’re getting a hard sell for every Car you test drive. Then you’re forced to enter into what can be a stressful negotiating process that the salesperson and the finance manager practice all day, every day.
Sometimes you’re forced to walk away from a Car you want or pit dealerships against each other to get the best price. It…
Car Buying is a confusing process no matter who you are or how much you know about the process. There are so many factors to keep in mind when it comes to Buying a Car, from deciding on a Car to determining what kind of financing you’re going to need and everything in between.
Adding to the confusion of Buying a Car is the fact that Car dealerships that accept people with poor or no Credit are not just around every corner. It seems that you have no choice but to resort to no credit check car loan deals instead.…
When you are upside down on your Car Loan, you owe more money on your vehicle than it’s worth.
Small down payments and long Loan terms make it easier to go upside down on your Loan.
Consider refinancing your Car Loan or contributing more money per month to reduce negative equity.
Read more of Personal Finance Insider’s loan coverage here.
Because most cars lose value quickly after you buy them, you might be upside down on your car loan. Luckily, there are options to help you get out from underneath this financial burden.
What is an upside-down Car Loan?
When…
Some states have sky-high legal caps. In New Mexico, for instance, a borrower can legally be charged up to 175 percent APR, and there is no cap if the Loan amount is greater than $5,000. Oregon has a 36 percent limit for loans from banks, but financing arranged through Car dealerships is exempt from the state’s usury law.
Limits may apply to the interest rate, which covers only part of the total cost of taking out a Loan, while others cap the APR, the number more familiar to consumers.
And seven states—Arizona, Delaware, Idaho, Missouri, New Hampshire, Utah, and Wisconsin,…
Don’t be caught off guard by higher costs!
Drivers who have car insurance coverage they are happy with may be surprised to find that their rates aren’t necessarily locked in for life. In fact, there are many things motorists could end up doing that send their premiums skyrocketing.
Policyholders who want to make sure their Insurance coverage doesn’t become a lot more expensive should be aware that doing one of these four things could result in an increase in rates.
1. Getting a traffic ticket
Car Insurance companies assess how much premiums should cost based on how risky they believe…
Travelers Car Insurance Comparison for Good Drivers
Drivers who avoid traffic violations and Car accidents tend to get the best prices. Travelers is in the middle of the pack when it comes to Car Insurance rates for good drivers. If you have a clean driving record, check quotes for Geico car insurance and State Farm car insurance.
Travelers Car Insurance Comparison for Drivers With a Speeding Ticket
If you get nailed with a speeding ticket, you can expect an increase in your Car Insurance rates. Travelers’ rates are better than Progressive and Allstate, but you may find much better prices…
Getting married is life-changing for a variety of reasons, but one impact you may not initially consider is a change in your Auto Insurance rates. Typically, married people pay less for Auto Insurance than single drivers, but this is not always the case — nor is it always a substantial difference. There are several factors that determine how much you pay in premiums, and marital status may be one of many. Insurance providers not only view married drivers with a different level of risk, but there may be additional discounts married drivers qualify to receive.
Does marital status impact Car…
Given high vehicle prices and low inventory, experts say now is not a good time to buy a Car.
They have three tips for those who need to buy a Car right now.
Don’t wait for this to change; dealerships might never go back to normal inventory levels.
Car Buying is rarely fun, and in today’s economy, supply crunches, empty dealership lots, and the end of the year are all converging to make the process more of a hassle than usual.
“It’s a very heated market similar to what we’ve seen in things like the housing industry,” said Matt Degen,…
