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iQualifyNow Loans Resources

Have you ever needed money in a pinch? We've all been there - without the necessary funds needed to fix the car, pay the utility bill, take a well-deserved vacation, or even finance a promising new business venture. We have the financial resources to fund your immediate monetary needs. Our financial resources include:

Auto Purchase: Loan Versus 0% Dealer Financing?

Applying for the loan is easy. And the lenders provided for you are dependable, customer-service oriented, and hungry for your business-which ultimately means lower rates for you!

At first glance, 0% financing appears to be the best option when purchasing an auto. However, if you choose to finance through a bank or credit union you may be eligible for a dealer rebate. Use this calculator to help determine which is the best option based on when you anticipate selling your car and purchasing a new one.

Purchase, Rebate and Financing Information
Sales price before rebate $
Rebate amount if financing through bank or credit union $
Annual interest rate: (%)
Term of loan: (years)

    Common Loan Terms and Their Definitions

  • Assets : Anything to which value can be assigned. Real or personal property which can be appropriated for the payment of debt.
  • Bridge Loan: Short-term loan secured by the borrower's current home, that provides temporary financing until more permanent financing is available. Can also be called a swing loan or gap loan.
  • Capital: Accumulated money or resources that can be used to generate further wealth.
  • Debt: An amount of money owed for services or funds borrowed. Debts may be owed to an organization, individual, or bank.
  • Due Diligence: Research or analysis to confirm all facts presented by a borrower, including the verification of all material facts including financial statements and income in regards to a sale.
  • Interim financing: Short-term loan to provide temporary funding until more permanent financing is made available.
  • Loan Agreement: A written contract between a lender and a borrower that lists the rights and duties involving each party.
  • Negative Covenants: Statements of actions or events of the borrower must prevent from occurring that would violate the terms of the original contract.
  • Promissory Note: A legal contract binding the borrower's promise to payback the lender.
  • Term: The duration of time where loan payments must be paid until the lender receives final repayment.

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