Car Loan Calculator the Benefits Explained

The many and varied loan options available for consumers today have enabled people from all walks of life and income levels the to purchase their dream car. For most people who make plans to own a new or used car, the possibility is endless because of the availability of car loans in the car market today. However if you are serious about financing a new car, and you need to understand your options, then you could try using one of the many car loan calculators.

A car loan calculator helps you find out an approximation of your monthly payments including the financing company’s interest rates, among others. In a lot of cases this is not an exact loan quote but something that will help you prepare for the payment that you need to make and how you will divide your monthly income between paying your mortgage, loans and home-related expenses such as food, clothing, education, etc.

But there is now a car loan calculator with a difference, provided as part of a new website that has been designed especially for the UK motor finance market. Car Loan Adviser has brought a breath of fresh air to the industry. This new site has been developed by Carlyle Finance who have been providing finance to the UK car buyer for nearly forty years. Backed by the First Rand Banking Group they are one of the fastest growing Car Finance providers in the UK today and are constantly striving to improve their relations with both the customer and their 3000 plus dealers.

The ability to get the best deal on car finance has always been to make use of thorough research; and the internet and on-site financing companies and comparison websites has only made this easier. Car Loan Adviser however does it slightly different, through the use of cutting edge technology and video. Carlyle Finance has produced a tool that compares the different methods of financing your new motor car against that of their dealer finance; you can even utilise the technology in many of their associated dealers showrooms while you are looking at the cars themselves.

So what’s so different? Car Loan Adviser looks at the options you have as an individual for financing your purchase, so it could be a loan from the bank, advance on a mortgage, secured loan, credit card or even your good old savings account. Taking each method on its own merit, they then explain the benefits and savings that could be made when choosing to use dealer finance over any of these options. The videos use real people to explain the benefits in easily understood terms, allowing you to compare each option quickly and with minimum input. This provides you with real calculations and figures for payment, interest rates and costs per month.

As the dealer finance rates are always maintained and updated, you have peace of mind that the figures provided are accurate. It’s never been easier or clearer as to how much money you can save than by using the benefits provided by Car Loan Adviser and the car loan calculator.