Friday, April 21, 2017

Important Factors to Assess When Getting Auto Loans for Bad Credit

When it comes time to purchase a vehicle, new or used, you should pay particular attention to your auto loan options. You want to get the best loan possible ideally with a low interest rate. To get the best deal, even with bad credit, here are some factors you need to assess:

Short-Term vs. Long-Term Loans

Loans are classified into two categories: short-term and long-term. Short-term loans are ideal if you want to spend less money overall. These loans also have a smaller interest rate and you can pay your vehicle off quicker, which is ideal if you’re planning on other financial investments for you and the family. However, with a short-term loan, the monthly payments are a lot unless you make a large down payment. Read more from this blog. http://bit.ly/2oFnGdi

Tuesday, April 18, 2017

4 Questions to Ask Before You Buy Your Next Car

Purchasing a new or used car is a major investment. Asking detailed questions can help you gather the information you'll need when weighing your options. If you're not sure what to ask, here are some suggestions to give you an idea of what you'll want to know as you search for a vehicle that's right for you. 

Can I Do a Test Drive? 

Even if you have your heart set on one particular make and model, it never hurts to get an idea of how you feel behind the wheel. Most car dealers will allow you to briefly try a potential new vehicle before you commit to anything. 

Do You Have Something That Meets My Needs? 

Take some of the guesswork out of the car buying experience and tell the salesperson what you have in mind. Then ask them to show you vehicles matching your style preferences and price range. 

What Kind of Maintenance Demands Can I Expect? 

Ask about general upkeep demands before you sign on the dotted line, especially if you are considering a used car. Also do a quick check online to see what people who already own the same type of vehicle are saying. 

What Other Fees Are There Beyond the Sticker Price? 

Even if you spot some appealing sticker prices, there are usually a few extra fees that will be tacked onto what's listed. Further get an idea of how much your new vehicle will cost by asking about mileage, fuel efficiency, and expected insurance rates. 

It's equally important to ask detailed questions about available financing and credit options, especially if you have less-than-stellar credit. Some dealerships are willing to work with just about any car buyer who has an honest desire to adhere to reasonable terms and conditions. 



Monday, April 17, 2017

Important Credit Tips Before Heading to Bad Credit Car Dealerships

Buying a new or used vehicle may have been a dream you’ve had for years, as it will give you a fresh start on the road. However, bad credit can put your auto plans on ice for the foreseeable future. Fortunately, even with bad credit, there are ways you can secure the right loan at the right rates.

Check Your Credit

Even if you think your credit score is bad, you need to keep an eye on it before heading into a car dealership. This lets you know where you stand as far as financing and interest rates go. There are plenty of places to check your score online for free. However, if you want the most accurate score, you’ll likely need to pay for the service. Read more from this blog. http://bit.ly/2oZH3RL

Saturday, April 15, 2017

Don’t Let Bad Credit Keep You from Getting a Car

If you need a new car, but you’re worried about your bad credit, you still have options. Some used car dealerships in Beaverton will work with customers who have a poor credit rating. Whether your credit has suffered due to a divorce, bankruptcy, foreclosure, or any other unfortunate event, there are dealerships that can help.

Check Your Credit Rating 

Before you begin looking for a car, make sure that you know your credit score. There’s always the possibility that your credit isn’t as bad as you think it is. If you do have a bad credit rating, check to see what you can do to improve it. It might be as simple as getting a mistake fixed.

Find a Dealer Willing to Work with Buyers who Have Bad Credit 

Some dealers aren’t going to want to work with you if you don’t have a fairly good credit score. However, many dealers will be able to provide you with a variety of options. In fact, most dealerships will have numerous lending institutions that they work with, so finding one that will work with your situation shouldn’t be too difficult.

Poor Credit Typically Means Higher Payments 

Unfortunately, while you’ll probably be able to get a loan for your new or used car, if your credit is bad, you’ll most likely end up paying more. Of course, you can still save money by choosing a shorter loan term, and avoiding the high cost of add-ons.

Wednesday, April 12, 2017

Auto Dealers Offer Fantastic Car Loans to Those Who Have No Credit

Gone are the days when having bad credit or no credit track record will get you kicked out of car dealerships. While the process remains challenging, auto dealers are more lenient in granting loans to car buyers who have zero to bad credit

Zero or No Credit: What It Actually Means

Most first-time car buyers, whether it is for a new or used car, are confused as to how they can get an auto loan with no real credit history. Looking at the term, when you say ‘no credit history’, then it simply means that you never had to use a credit card or apply for a loan in your lifetime. It can also mean either you are too rich that you are able to pay everything in cold, hard cash, or you are just too young to have a personal credit card or apply for a loan. Read more from this blog. http://bit.ly/2oFvqvQ

Tuesday, April 11, 2017

How a Bad Credit Auto Loan Can Rebuild Your Credit

When you have bad credit, securing a traditional loan to purchase a car is a challenge. A bad credit auto loan provides you with the opportunity to purchase a car so that you can drive to work or school. Choose a vehicle that will meet your needs, and apply for this particular type of auto loan to make your purchase. Consider these two ways in which bad credit car dealerships are willing to give you a chance at boosting your credit for future needs.

Establishing a Good Payment Record
The credit bureaus keep track of your record of payments. By taking out a bad credit loan at an auto dealership, you have the opportunity to establish a good payment record. By making 100 percent of your payments in full and on time, you can raise your credit score. After about six months of on-time payments to your auto loan, your credit score will begin to rise.

Keeping Your Debt Load Low 
Auto loans of this type allow you to purchase an affordable vehicle. The amount of your loan will be relatively low, and your monthly payments will be affordable. When you have a low debt to income ratio, your credit score will also begin to improve. Each time you make a payment on the auto loan, your debt load will decrease. This leads to a further improvement in your financial status.

Tuesday, April 4, 2017

Used Car Dealerships Give Basic Information on Hyundai’s CPO Programs

Sometimes, budget can get in the way of your plan to purchase a brand new car. Fortunately, car shoppers have the option to buy used cars, which are more affordable. Some people, however, are wary of perceived risks in buying used cars.

To address this problem, different car manufacturers have introduced certified pre-owned (CPO) programs to help reduce the consumers’ anxiety about buying used cars.

Certified Pre-Owned Car vs. Average Used Car: What’s the Difference?

A certified pre-owned car has undergone a comprehensive point-by-point inspection based on specifications given by either automakers or used car dealerships. These are meant inspections to ensure that all parts and systems meet the minimum requirements. Read more from this blog. http://bit.ly/2oF40X8

Monday, April 3, 2017

Less Is Now More At Connected Dealerships

Historically, people in the market for a new car dreaded spending days at a time being escorted around huge lots trying to find the perfect vehicle. It's not that they disliked the salesperson, or dealership itself; surveying endless acres was a physical chore, and emotionally draining. In the past few years, however, an interesting change has happened. It seems that the most successful auto dealers in an area are literally shrinking in size. How can this be? Shouldn't a larger inventory require a larger lot? 

Vehicle Surveys Through Technology 

Dealership representatives and sales associates are now dividing their time between learning the details of individual models, and the mastering of technology-assisted customer service. Dealership lot sizes are shrinking for one reason: the internet is making vehicle choice extremely easy, productive, and as limitless as the internet itself. In the past, the most satisfied car buyers were those who did their own research, picked a dealership, and asked to see an exact model. In contrast, the least satisfied customers were those who had to settle because the stress of finding a vehicle was too great. Technology is making buying a car through a dealership relatively stress-free. 

Next Generation Vehicle Sales 

It's now very common for the act of buying a car to feel more like a consultation at a medical specialist's office than a tour through a warehouse. Dealerships now have access to vehicle inventories located anywhere, and have the ability to have them shipped in a matter of days. This even includes international inventories. Now, people can list their preferred vehicle details, have it located with exact specifications, and still take advantage of extraordinary pricing. Internet sales at dealerships result in smaller areas of impact, more satisfied buyers, more options offered by associates, and mutual lesser degrees of stress.