5 Tips for Bad Credit Car Buying

Get a car regardless of your bad credit.

Get a car regardless of your bad credit.

If you have bad credit, buying a car is not as hard as you might think.

Many people feel that they have no options with a bad score, aside from building up their financials to a better place, but that is not the case. While your credit is certainly considered when you go to a purchase a vehicle, there is more taken into account than your score alone.

If you are in the market for a new car and are concerned about the status of your credit score, consider taking the following steps to make the experience as painless and efficient as possible:

1. Verify Your Credit Score

Believe it or not, credit scores can contain inaccuracies. While this will not likely increase your score by a drastic amount, checking your report before speaking with your car dealer is worth the extra time and effort. Continue reading…

Top 5 Benefits of In-House Financing

Get approved easily with in-house financing.

Get approved with in-house financing.

There are many methods of financing, and all have advantages, but some are simpler than others. Likewise, some require an involved process of credit checking and take more time to complete. In-house financing is one of the simpler methods, as it eliminates a third-party financer. If you are unfamiliar with in-house financing, it is when the seller extends you, the customer, a loan necessary to make your purchase. It keeps the business interaction between the buyer and seller.

While this is not a common practice, many businesses in the automobile industry take to this model. Why? Because it is advantageous for our consumers. We want you to feel comfortable with your purchase and dealer, so we handle the financing ourselves.

Here are 5 benefits of in-house financing:

1. Personal experience.

Without the involvement of a third-party, the business is kept between you and the dealer. This makes for a smooth business transaction. This model also helps establish a relationship with the dealership. Continue reading…

4 Things to Consider When Choosing a Co-Signer

Just because he is your friend, does that make him a good co-signer?

Just because he is your friend, does that make him a good co-signer?

Having a co-signer on your vehicle loan can be beneficial, but you both need to understand the financial situation before going through with the process. There is a common misconception that a co-signer simply takes all of the responsibility, and there is no problem for the owner of the loan. Additionally, misguided information leads some co-signers to believe their credit will not be affected, as the loan is really owned by another.

Here is some information that you should consider when thinking about a co-signer. Again, a co-signer can be helpful and the situation can work out for both of you, as long as you understand the terms.

Trust

The biggest thing to consider is how much you trust this person, and maybe even more importantly, how much this person trusts you. As a co-signer, this person is going to be responsible for payments that you can’t make. Continue reading…

Auto Loans and Car Buying with Bad Credit

You can still get an auto loan with bad credit.

Just because you have gone through a bout of bad luck and have bad credit doesn’t mean you shouldn’t have a vehicle to get where you need to be. In some cases, having a car is a necessity in order to get to and from work, or taking the kids to school. There are a few avenues and methods of help for those looking to purchase a vehicle with bad credit.

Don’t sign until it’s final

When purchasing a car and being approved for credit, there will be a line on the agreement near the signature that reads “subject to final approval.” However, this is not the case at all dealerships. When signing your paperwork, make sure you speak to a representative about this point, as it means that your financing terms aren’t set in stone. Continue reading…

4 Tips to Keep Your Car Cool this Summer

The heat is not friends with your car.

The heat is not friends with your car.

You have been waiting through the long, cold months for summer to finally arrive, and here it is. Time to roll down those windows and let the fresh air rush through your hair. Maybe when you drive you are one to wave your arm out of the window, or one to wear mirror shades so you look fully in control. But no matter your fashion or style, what is most important is that you not only look cool, but that your car feels cool as well.

This doesn’t just mean running the air conditioning, which uses energy and can actually heat the vehicle’s exterior if used to excess. It means protecting your car from the sun when necessary and making sure your interior keeps its passengers cool as well.

Keeping your ride cool will not only make the interior more pleasant, but will help your car function better, according to The Hindu. The term “over-heating” is a real thing, and something you definitely want to avoid. Continue reading…