eHow launches Android app: Get the best of eHow on the go.

How to Consolidate Car Loans

Video Preview
From Quick Guide: Introduction to Loans

Summary: Consolidating car loans can help pay off each car faster, as more than one car payment can be lumped together as one loan, enabling the borrowers to pay back the loan more efficiently. Consolidate two, three or more car loans with advice from a registered financial consultant in this free video on money management.

Views:
133
Presenter
By Patrick Munro
eHow Presenter

Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

Click Here

Post a Comment

Post a Comment

Video Transcript

"This is financial advisor, Patrick Munro, and nowadays in America many of us in America have more than one car in the household. Usually, it's a husband and wife. They each have their car, and sometimes a child will also have their car too if it's a teenager. Well, why carry three car loans when you could actually have one, and if your credit is of such a nature you could actually go to the bank and consolidate all three loans into one loan. And that is available for those that are managing their money on a correct basis. It needs to be done with the point of view that you are going to pay off that note as as as soon as possible. And, of course, the bank usually feels comfortable because they have not one, but two, sometimes three cars as security. And it is a strategy that's designed to retire the overall car debt as soon as possible. This is financial advisor, Patrick Munro, talking about the best way to consolidate car loans."

eHow Article: How to Consolidate Car Loans

Related Ads

  • Have you done this? Click here to let us know.
Personal Finance
Mark P Cussen, CFP, CMFC,

Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.

Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance