Because there are so many ways to finance a car, there is no reason why buyers should focus on one particular method to finance a vehicle. There are several ways to finance a car and understanding each method is very important for first time buyers. At the auto dealership or at the bank, the paper work may be confusing, so being educated is a requirement. Many first time buyers use only the best financing options; however, there are eight common methods that are highly recommended.

During the shopping process, no matter if it is a new or used vehicle; there will be various financing options. However, most first time buyers simply buy their vehicles directly from the dealer. They do this because it is the most convenient option. They will not have to travel to a bank or a credit union; all financing is done at one location. When using this particular method, be aware of markups; the dealer may increase the financing rates. Although dealership financing options are convenient, most first time buyers think that dealership financing is the only option. Shopping around for other financing options that are offered by third party lenders may be a better choice depending on the dealership.

Banks and credit unions should be considered as well. When banks provide loans to first time car buyers, they provide the loans on their own terms. In some cases, banks may offer cheaper interest rates. If a bank does this, consider taking the bank’s offer to the dealership; the salesperson at the car dealership may lower the dealership’s offer if the bank’s offer is better. A credit union is a great way to finance a car as well.

Another option is using a captive financing company. These types of companies are agents of the car manufacturers. Captive auto companies have one purpose, and that purpose is getting buyers into the vehicles that are offered by the auto company.

First time car buyers that may get a big financial windfall in the future should consider a balloon payment loan. When this method is used, the payments each month will be lower. However, although the payments will be less, the company will need a big payment once the loan term ends.

A secured car loan is a loan that is backed by different types of collateral, such as another vehicle or general property. Because this loan uses collateral, the interest rates are often lower. When first time buyers use their current driving vehicles as collateral, they use an auto pawn loan. However, using this particular type of loan has some major risks. The payments can have multiple loan segments, and the debt and interest could increase.

Long term car loans give buyers a much lower monthly payment; however, the loan takes longer to pay. The usual amount of time it takes to completely pay a long term car loan is about seven years. This has some minor risks as the buyer may end up paying more than the vehicle is worth. Overall, there are many car financing options for first time buyers. Consider the best method based on the financial situation.

The 2014 Ram 1500 has been named pickup truck of the year by AutoBytel.com. Autobytel is dedicated to aiding consumers with research to find the information they need to make smart decisions when it comes to purchasing a new or used automobile. With more than 80 years of experience under their engine and hundreds of vehicles driven, AutoBytel makes informed choices based on innovation, design, and over all features.

For the third year in row, the editorial team at Autobytel chooses the Car of the Year, Truck of the Year, as well as winners in each individual segment. The team, led by Michelle Narajo, Editor-in-Chief of the automotive media company, said that the results are a combination of the best choices for shoppers in the 2014 model year.

As the most recognized pickup truck on the road, the Ram 1500 boasts fuel saving systems due to its fuel efficient 3.6 liter V-6 engine that delivers best in class fuel economy of 25 and 18 mpg in the city. The Ram 1500 boasts a TorqueFlite eight-speed automatic transmission. Other features of the pickup truck include thermal management and a stop-start system as well as pulse-width modulation. The aerodynamics of the truck include air and grille shutters. The 2014 model features a new EcoDiesel 3.0 liter engine that delivers unsurpassed torque and up to 9,200 pounds of towing capability.

Mike Febbo of Motor Trend says, “Our judges rated the EcoDiesel the highest in ease of towing as well,” and “as we established last year, the rest of Ram 1500 is class leading in just about every other respect,” according to this news article on AutoBytel.com.

Further, they ran a test-track evaluation designed to mimic the best and worst days a truck may face, including hauling and climbing hills and the 2014 Ram 1500 managed 15 MPG, the article explains.

Buyers can choose from three cab styles, three bed lengths, and 10 trim levels. In addition, each 2014 Ram 1500 can be optioned to include highlights such as heated front and rear seats, a heated steering wheel, keyless entry with push button starting, remote engine starting, a universal garage door opener, upgrades for the audio system, Uconnect 8,4 technology, navigation system, air suspension, reversing camera, and nicer wheels. Additionally, most Ram 1500s can be upgraded with a RamBox cargo-management system with storage bins integrated right into the truck’s bed.

For the second year in a row, the Ram 1500 has been voted pickup truck of the year by both Motor Trend and Autobytel. So what are you driving?

There has not been a single person who has visited Auto Expo 2014 and didn’t talk about Maruti Celerio. The car has been the solely reason for many people to visit Auto Expo this year. This new Maruti car has created a sensation amongst people with its new AMT technology which is also first in any Indian car. The car has been launched and is already bringing a lot of buyers to Maruti’s Showrooms. Let’s find out what are the reasons for the high popularity of this car.

When you look Celerio from front, you can easily see the high resemblance of this car with Renault Duster. The twin barrel headlights and wide chrome front grille surely hints towards the origin of its styling Side profile of the car has a sharp shoulder line while the rear of the car looks like its younger sibling Alto 800. We wish if Suzuki would have spent a bit more time on its styling.

Maruti Celerio is powered by the famous K10 unit of Maruti which is also powering their other cars like Wagon R and Alto K10. There have been some changes made to this engine though to make it feel more quiet and refined. The engine now behaves nicely below 3000rpm mark and gives instant throttle response at low rpms. This 3-cylinder unit pumps out a power output of 67bhp at 6000rpm while the maximum torque output of 90Nm is achieved at 3500rpm. Celerio is available with five speed manual as well nation’s first Automated Manual transmission known as EZ drive technology. In AMT, clutch and gear changes are operated by hydraulic actuators using a dedicated ECM. The car performs better than what you expect and feels like the best car from Maruti till date to be equipped with K10 engine.

Most of the Maruti Celerio reviews have especially pointed towards the up-market interiors and features in this car. The rear leg room and knee room makes this car feel the best in its segment. The cabin quality has been enhanced to add the premium touch to this car. The top variant ZXI which is not available with automatic transmission comes equipped with 14-inches alloy wheels, electrically adjustable side mirrors, rear wiper, washer, defogger and all power windows. Moreover, you will get tilt adjustable power steering, integrated music system with Bluetooth connectivity and steering mounted controls. Driver side airbag is standard on the top variant but you will have to pay extra for second airbag and ABS.

Maruti Celerio price bracket has come up as a surprise as it becomes the cheapest car in India to be available with an automatic transmission. The base variant will cost you around 3.76 lakhs while the automatic version of Celerio is priced at INR 4.14 lakhs (all prices ex-showroom, Delhi).