Monday, January 16, 2017

How to Buy Your First Car With Bad Credit

Just because you have bad credit or no credit does not mean that a new vehicle is out of your reach. With a little planning and some hard work, you might be able to drive off the lot with a beautiful new car in as little as a few weeks.

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Even if you are eventually approved for a loan, you still need to have a sizable down payment. There is no set amount for how big the down payment should be, but most experts suggest around 20 percent. Those who have bad credit might need to go as high as 40 or 50 percent of the car's total value to ensure approval and more affordable monthly payments.

Sunday, January 15, 2017

Bad Credit Auto Financing: Benefits of Reaffirmation in Bankruptcy

Filing a Chapter 7 bankruptcy doesn’t mean that you’d lose your car forever. While this type of bankruptcy gives companies and lenders the right to repossess your properties, such as a house or a car, you can keep your vehicle through a reaffirmation agreement.

A Chapter 7 bankruptcy removes your personal liability over dischargeable debts; however, the bankruptcy doesn’t affect the security interest your car lender set. This means that the lender can repossess your car, but they won’t be able to take you to court to force you to settle the balance. This is why lenders often require you to sign a reaffirmation agreement if you wish to keep the car even after the bankruptcy. 

This agreement establishes a new contract between you and the lender that offers auto loans for bad credit. This makes you personally liable on the loan again. Reaffirmation agreement has several benefits. Head on over to DicksHillsboroHyundai.com blog page to know more. http://bit.ly/2jxD5dt

Saturday, January 14, 2017

Bad Credit Car Dealerships: Understanding Bankruptcy Auto Loans Better

Are you going bankrupt but can’t afford to lose a car? For some, a vehicle is a necessity to get back on your feet, and so they do everything they can to save the car. This is where bankruptcy auto loans come in. There are different types of bankruptcy you can file for. Understanding these can help you figure out what to do with your car loans for bad credit.

Chapter 13

This is the type of bankruptcy that people file for when their finances are falling apart, but they still have a regular source of income. Considered as “bankruptcy lite,” Chapter 13 involves the restructuring of assets, so that you can pay them off eventually. Post originally appeared on DicksHillsboroHyundai.com blog page. http://bit.ly/2j9NvUk

Friday, January 13, 2017

Proper Ways to Hold a Test Drive to Get the Best at Car Dealerships

No matter how popular and good a certain car model is, it’s still important to conduct a test drive before making a purchase, especially if you’re buying it second-hand. This will help you determine if the car is in good condition and if it fits your driving style.

Test-driving, however, isn’t just about getting behind the wheels and seeing if it drives right. There are factors to consider when doing this. You should look into every corner and listen to the car to avoid missing any underlying problems.

To help you out, here’s a quick guide on how to conduct a test-drive.

Be Objective

You may have fallen in love at first sight with a specific car model; however, don’t let this blind your judgment. Remain objective when test-driving and evaluating the car. There are instances, in which the buyer overlooks some problems, because they liked the model too much, only to suffer later on. Have an open mind and make sure that the vehicle you’re buying is as good as it looks. Read more on this article. http://bit.ly/2j9NtM0

Thursday, January 12, 2017

Car Dealers Help Consumers Increase Credit Ratings

People who find themselves in a bad credit situation tend to carry the weight of the world on their shoulders. The reality of having bad credit seems to indicate a dire situation in the modern world. In most circles, bad credit is defined as a “big three” composite report that equals less than 630. This is a score that illustrates only certain unfortunate turns, rather than the potential each consumer has for building a better financial reputation.

3 Don’ts When Shopping at Used Cars Dealerships to Avoid Wasting Money

The quality of used cars may not be the same as that of a vehicle fresh from the manufacturer. Given this, you have to be more cautious when making a purchase. Many car buyers make mistakes when buying used cars in Portland, resulting in waste of money and a lot of headache due to mechanical problems. To avoid a decision you might regret later on, you need to be aware of these three most common mistakes.

Failure to Check the Vehicle History Report

The vehicle history report can tell you a lot about the car that you plan on buying. Not only does it include information about where the car came from or what happened with it in the past, you can also find out whether it has figured in an accident or has been damaged in a hurricane or other disasters. You can also know if it is a rental unit or a lease return. Knowing the origin and history of the vehicle you plan on owning is essential to determine its condition, more importantly, to find out if the money you plan on spending will be worth it. Read more from this blog. http://bit.ly/2jxxhka

Friday, January 6, 2017

3 Facts on Applying for a Loan with Bad Credit

Bad credit can prevent you from doing many things, including investing in a home or a vehicle. Fortunately, there are auto loans available for people with bad credit. Here are a few different things you can do before you apply for an auto loan.

Tuesday, January 3, 2017

Hyundai Auto Dealers and Reliable Options

A Hyundai dealership in Oregon offers a large selection of affordable cars for their clients in the area. The Accent, Elantra, Elantra GT and Veloster are all priced well below $20,000. Hyundai also has a lineup of inexpensive family-friendly vehicles such as the Tucson and Santa Fe Sport crossover SUVs.