Home » Finance » Loans

Options In Auto Purchases And Auto Loans

Apr 17, 2008
When one goes to obtain an auto loan, the first thought is likely "I need the most money possible for an auto with the most features possible." While it's nice to live in the lap of luxury, it isn't always convenient. Consumers will find that extra options in automobiles can easily raise the price and interest rate of an auto loan through the roof.

Autos are now coming with extra features and benefits that drive their price up astronomically. Integrated GPS devices, for instance, are becoming very popular for autos. But for most, a GPS device is only good for annual vacations or if they have a profession of a traveling salesman. Either way, it's much more plausible to simply buy one from a store and use than to have it inflate the cost of your auto- and thus inflate the cost of your auto loan.

Other luxurious features such as the keyless entry system are equally as unnecessary. Keyless entry devices, like the GPS device, can be installed separately and without the inflated insurance and loan interest rates. But when it comes down to it, keyless entry systems are more of a luxury than an actual need- and one can easily do without them.

Heated and cooled seats are another popular item when it comes to luxury. It's tough to agree to pay inflated rates on auto loans for a device that accomplishes what the heater and air conditioner already does. In this case, these devices are generally best left to the wealthy who don't mind enduring higher interest rates as a result.

Tires that withstand flats are great to have. It allows drivers to safely get to a mechanic before ultimately having to change the tire. But these luxurious tires can cost a lot more money in terms of insurance and auto loans- leaving many consumers to rethink buying cars sporting them. And since flats don't happen often, this luxury item would hardly be used much anyhow.

It is interesting to look at what was considered a luxury in the past. In most cases, what was a luxury is now commonplace. Cruise control or power windows are two examples of such items that are now fairly common on today's society. These options still inflate auto loan prices, but only minimally if much at all. It is usually not necessary to make an effort to do without such conveniences.

As one can well see, the autos that comes with all the features will often make insurance and auto loan rates much higher in effect. To help save from needlessly spending so much money in the long term, alternatives can always be installed and enjoyed- and without the inflated prices.

Consumers who are in need of an auto loan in the first place probably could do without the luxurious features. Either way, it's nice to drive in style. The decision comes down to what you can personally afford, what your insurance rates will be, and how affected your auto loans may or may not be affected.
About the Author
Get your auto loans today! Also check out the best auto loans!
Rating:
Please Rate:
(Average: Not rated)
Views: 194
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources