There are a few different ways to get a used car loan. The traditional way to do it is through a bank. But there is another way. We are proud to offer financing of all types, including used car loans. Getting a loan from us is much simpler than trying to go through your bank. There a few reasons why that is true.
Same Day Loans
Bank loans can take days to get approved. They require meetings and paperwork, which takes up a huge amount of time. With so much waiting around, you could lose out on getting the car of your dreams. Someone else could find the car you want and snap it up before you are approved. With our in-house same day loans, we can save you the time and hassle of going through the bank. You can apply and be approved on the same day, meaning you can take your car home as soon as possible.
There is nothing more convenient than an in-house loan. No more scrambling from place to place. No more going between the dealership and the bank while trying to work something out. When you get a used car loan from us, you only need to deal with us. Stressing about orchestrating and coordinating your car loan will be a thing of the past when you get one directly from us.
These all combine to create one thing: maximum happiness. With reduced stress and fewer hassles, our loan program is all about making you happy. Getting a used car loan from us will leave you happier than you may think possible. We aim to please and getting your loan from us is sure to be a pleasure.
When buying a car, a lot of people struggle to decide if they should purchase outright or get car loans. While car loans aren’t for everyone, they can be a great option for some people. If you are having a hard time deciding what to do, ask yourself the following questions to see if getting a car loan is a good choice for you.
Are You Short on Cash?
Do you have the money to purchase upfront and outright? Unfortunately, in many cases, the answer is no. If you don’t have enough money to purchase a decent car but you need a car sooner rather than later, the best option is to apply for a car loan for a good car rather than spending what you do have on a clunker.
Are You Financially Responsible?
If your credit history reflects financial responsibility, you can most likely qualify for a low interest rate loan. This means that in the long run, you won’t pay that much more than the purchase price for the car, with the added benefit of having extra time to pay for it. Additionally, if you know how to be responsible with your money, you won’t suffer consequences of late or missed payments.
Do You Need the Money You Have?
If you have enough money for a lump sum purchase but are worried about using it, don’t do it. Having money as a safety net will give you more peace of mind than any car will. It’s always nice to know there is money available to use in an emergency. Rather than making a huge dent in your savings, get a car loan and make a payment each month from the paychecks you earn.
If you live paycheck to paycheck, barely afford rent, or know that you don’t handle your finances that well, car loans might not be your best option. However, if you asked yourself these three questions and you answered yes, look into car loans. They could be your best bet for immediate access to a safe and dependable car.
So you’ve finally decided to get a new car, and maybe this is your first car and your parents are forcing you to go to a dealership and pick out something nice. Or maybe this isn’t your first car, but you are tired of looking online for used cars from potentially shady people that may be selling you a piece of junk that doesn’t run. Either way, this is your first time buying an expensive car from a dealership, and you don’t know anything about auto loans.
It’s a good thing you stumbled across this article, which will give you a basic run-down of how auto loans work.
Most auto loans are simple interest loans, or loans that earn a little bit of interest per month. That means that in addition to the principal, or the amount you borrowed to buy the car, some of your monthly payment is going to cover the interest of the car, which is the part where the bank earns money from you over time.
The company you buy the car from will make all of this very clear once they get you approved for the loan. They will sit with you to decide how much you want to put down on the car, which will show the leftover amount you are borrowing from the bank. They will then determine how much interest the bank is going to charge, which will be different depending on the bank as well as the people. Usually, once all of that is figured out, they will outline a plan, which takes the interest into account, and helps you to come up with a payment plan that includes paying the car off over a few years. This is all broken down for you to tell you how much your monthly payment is, and when you will pay it off completely.
If your car broke down, you might find yourself in a tricky situation. If you have bad credit, you might think your chances of getting a vehicle so that you can go to work and earn a living are nonexistent. Luckily, that is not the case. Bad credit car loans can help consumers get a dependable vehicle they need.
Our experienced team specializes in providing customers with the information to make an informed decision. A bad credit score is in fact more beneficial in some situations than no credit history at all. Making low risk monthly payments is a great way to get your score back up, and possibly qualify you for big loans in the future such as a house loan.
Better yet, our selection of quality used vehicles is almost unsurpassable. We have access to a wide variety of well-maintained cars in all makes and models ready to be test driven. Our friendly staff is ready to answer all your questions and help you make a decision you won’t regret. From the second you contact us to when you drive away with your dream car, you’ll be treated with the utmost respect.
Forget about talking with a bank, We have the knowledge and expertise to provide you with financing you can afford. If you need a car as soon as possible, speaking with anyone other than our team can only complicate your situation and waste time. Our goal is to get you on the road fast.
Relying on public transportation is not an option for everyone. Risking unemployment because your car broke down is an unfortunate situation that nobody should go through alone. Take the time to contact us and discover how you can get a bad credit car loan and an automobile that won’t fail you when the going gets tough.
If you have bad credit and are worried about getting car financing, then worry no longer! We’re happy to tell you that we offer bad credit car financing for our customers regardless of their credit score and credit histories. After all, when it comes to buying a new or used car, you need to have a car that is safe and reliable – even if you have bad credit.
Getting bad credit car financing is quick and easy – especially when you work directly with one of our dealers. Here are a few things that you may need to know to get started!
We offer an easy-to-use online credit application that allows you to fill out the application from the comfort and convenience of your own home. After you submit your information, one of our credit counselors will contact you with more details and to discuss your credit situation.
When you have your consultation with one of our finance specialists, we’ll go over your credit application and discuss different items. We may want to talk more about why you have bad credit and what is different about your situation now. We may want to know more about your job and living situation as well. Feel free to tell us what’s on your mind – your consultation is confidential and the more candid you are, the better your financial situation will be.
Based on your credit application and our consultation with you, we’ll develop several different options for you that are uniquely designed to suit your financial situation. We care about helping you to afford your car now, but we are also interested in developing repayment that will help you to easily afford your car years from now as well. For example, we may suggest that you make a smaller monthly loan repayment over a longer period of time if you have a limited income. Alternatively, if you feel comfortable in your current financial situation, we may suggest paying more each month, but having the loan for a shorter amount of time.
Customers with bad credit will have a variety of very manageable options when they work with us. Contact us today, apply on-line, its fast, easy, and secure. Stop walking and start driving!
When it comes to improving bad credit scores, it’s important to understand that improving your credit requires commitment and that may take several months or years to actually improve your credit in a meaningful and long-lasting way. However, by getting started with the process of improving your credit today, you’ll be setting yourself up to have a better financial situation for years down the road. Remember: most meaningful actions take time to see to fruition – and improving your credit is no different!
Here are 4 important steps you can take today to start improving your credit for the long-term:
Take out a Car loan
Even if you have to take out a high interest rate loan, take out a loan and commit to repaying it. One of the best ways to improve your credit is to get started developing a track record of financial responsibility, which means repaying loans and other debts on time and in full. However, in order to repay those debts, you have to actually take one out!
If you’re like many people, you probably have several different credit cards and loans at any different time. You probably also have a balance on these debts. In order to increase your credit score, it’s important that you minimize the amount of money that you owe to lenders. Therefore, make a plan to repay these debts as soon as possible. For many people, fully repaying these debts may take several years. However, by starting today, you can turn your financial situation around in a way that will last for years to come.
Review your credit report
A startling number of people have false information on their credit reports that negatively impact their credit scores and credit history. Therefore, it is recommended that you review your credit score on an annual basis in order to ensure that all of the items on your credit score are accurate and true. Contact us for more information about how to review your credit report.
If you have assets that you own, you will be improving your overall wealth and financial situation. An asset is any larger item with value, such as a home loan or car loan. By acquiring these assets, you will be able to improve your financial situation. Contact us today for more information about how buying a car can help to improve your credit score.
Many people at all ages do not have a clear understanding of what credit is and how it can impact their lives for decades. In a nutshell, a credit history is a basic report that outlines an individuals financial investments, risks, and loans. Many items show up and remain on a credit history, including credit card account openings, mortgages, loans, and even other credit checks.
If you are looking for ways to improve your credit so that you can get a lower interest rate on a car loan and a higher loan amount, there are some strategies that you can and should take. However, there are also some things that you should avoid. Here are the top 3 things people do that can hurt their credit:
1. Change jobs. Many people are forced to change jobs due to economic circumstances, such as a lay-off or company closure. However, if you are able to limit the amount of times you change jobs, you will have a better credit history. This, of course, may not be possible for all people.
Lenders like to know that their borrowers have some degree of stability in their jobs so that they can project that the borrower will be able to pay back the loan as long as the borrower continues to earn a steady income. However, if you have a history of frequently changing jobs, lenders may wonder how you will pay off a loan in the interim while you’re between jobs. Lenders may also have questions about your income stability and your lifestyle stability that could potentially cause them to wonder if you are a high risk loan candidate.
Of course, it is possible to get a loan if you change jobs frequently. Simply be prepared to explain your job changes to the lender. You’ll also want to tell the lender your plan for being able to pay off the loan even in the event of a future job change.
2. Open store credit cards. Store credit cards are great, right? They help you save money on purchases that you make at a store and they offer additional special benefits. However, each open credit account that you have, including store credit cards, can hurt your credit score and your credit history. A lender’s typical view on multiple open credit card accounts is: the more open accounts you have, the more chances you will fall into debt with those other lenders.
3. Move residencies. Moving alone will not hurt your credit. However, if you are trying to improve your credit, then staying in one place for a lengthy amount of time can help to show lenders that you have a degree of stability. They will also be more likely to trust that you will be easy to contact if they need to reach you after they extend the car loan.
Contact us today for more information about improving your credit or to speak with one of our finance experts about getting a car loan today. We have a huge inventory of used cars and trucks.
Owning a car is a real luxury in life. Unfortunately, it is one that comes at a cost. Vehicles are not cheap and this can make it very difficult for some consumers to afford them. While it might seem like all hope is lost when you discover that you’re not able to afford the ride of your dreams, it is important to keep in mind that there are some options available to you. Bad credit car loans exist for exactly this reason.
This is a type of loan that can help you to get the car that you have your eyes on. Before you rush out to sign up, it is important to learn a little bit about how this financing option works. Essentially, bad credit loans are structured for borrowers who do not have the best credit. Many lenders deny loans to potential borrowers with bad credit but this option is very different. By choosing this type of loan, you can get the money you need to buy a vehicle and make your life easier.
While this is an excellent choice for people who do not have great credit, it is important to keep a few points in mind. Bad credit loans often have high interest rates attached to them. This can be frustrating but it is one of the only ways that lenders are able to afford being able to supply this loan option. To keep your payments manageable, be sure to put down a sizeable payment in advance and you are likely to see lower monthly payments to follow.
Getting behind the wheel of the car of your dreams is a difficult goal to achieve when your credit is in bad shape. While it might be disheartening, there are ways around this issue. Take a look at your credit score and see if you are in a good place. If not, consider how you can get the best results with loans structured for buyers with bad credit.
If you have your eye on a new or used car, you may have to consider financing options. The problem that a lot of people face is that they don’t have optimal credit and may not think that they qualify. While many lenders offer bad credit car loans, there are still a lot of myths that circle the choice. You shouldn’t let these turn you away from the financing that could get you your dream car. Here are the three top myths when it comes to car loans.
A Low Credit Score Guarantees Rejection
This isn’t true at all. In fact, there are dealers and lenders that specialize in car loans for people with bad credit. Poor credit will not stop you from financing a car.
You Can’t Refinance if You Had a Poor Credit Score
When you’re approved of a car loan with a low credit score, you are given the opportunity to build your credit over again. After a while, as your score builds you will be given more options. It’s common for people to refinance their loan and come up with a cheaper rate after they have built up their credit score.
Income Doesn’t Matter if You Have Bad Credit
Income absolutely matters! Income and the other debts that you owe play a big role in the size of the loan you can be awarded. While lenders do pay attention to your credit, your income also plays a large role in whether or not you’re approved. This can also affect the rates that you’re given.
Don’t allow myths to turn you away from car loans. Even with bad credit there are many options out there. While it can be a difficult choice for many people to decide whether or not they want to look into financing for a vehicle, it’s important not to be deterred by myths. Only the facts should be an influencing factor on your decision.
When you are looking to buy a car, but you have a history of bad credit, it can seem like your dream is over before it has had a chance to begin. Luckily, there are plenty of options available out there for those who are looking to buy a car but do not have the credit that they wish. One way to do this is with poor credit auto loans. Taking out this type of loan can help you get behind the wheel of the car that you wish in practically no time at all. There are a few things to remember when you are considering this type of financing.
Taking Out the Loan
The first thing that you need to keep in mind is the amount of the loan itself. The size of the loan will be determined by several factors. The price of the car itself can make a huge difference, so if you are looking at a car that is not within your reasonable budget you can expect higher payments over the course of time. The duration of the financing plan will also change what you can expect in payments. The shorter the timeframe, the higher the payments. Sit down and create a reasonable financial plan in order to make the best decisions for your poor credit auto loans.
Making the Payments
As with any loans, making consistent payments in a timely fashion is a wise idea. How you make the payments is entirely up to you. When you make larger payments each month, you will be done paying off the car in a much quicker fashion. However, if you can only afford a specific amount each month, it is better to stick with whatever payment you can afford that meets the monthly requirement so you can get your credit in better shape. No matter how you choose to pay back the loan, it is important to stay on top of your game throughout the process so that you do not miss payments or harm your credit in any way.