No Cosigner Car Loans because Cosigning and Family Don’t Mix

Just as mixing business with pleasure is not wise, having a family member cosign your loan agreement can have immense ramifications, financially as well as personally. If you search the web for “cosigning with family member”, you will realize that several people have borne the brunt of asking a family member for help. It can lead to unresolved money issues between families. So, what should you do when the lenders compel you to search for a cosigner?

A Car Buyer’s Guide: Tips on dealing with a Cosigner

Buying a car is no joke. You have to find a car that you love and then seek a lender that you like. Usually, lenders ask car buyers with zero credit scores, insufficient income, or new jobs to bring a cosigner. With a cosigner in picture, they are assured of timely payments. But, finding one is not easy. Learn how to deal with a cosigner and make a perfect purchase. 

1. Explore options!

Family is not the only option for cosigning. You can consider your friends, spouse, colleague, etc. for the job. It is not compulsory for the cosigner to be related to you. It can be anyone who is ready to help you out. 

Sometimes, it is better to take financial help from someone who will not judge you continuously or discuss your financial situation with everybody. You certainly do not want your aunt to tell everyone about your late payments during the Christmas dinner. So, find someone who wants to help you without passing any judgment. 

2. What about the Future?

Your brother may agree to be your cosigner. But, you must explain him the consequences of becoming one. They will not be responsible for the loan, but it will also affect their prospects of getting a new loan. If your brother is considering opting for a student loan, helping you can make things difficult for him in the future. 

When you are thinking about future, do not forget to ask the lender about the process of removing the cosigner from your loan agreement. A few lenders allow borrowers to change the contract rules once they have received a certain number of payments. 

3. What’s your Plan?

Anyone thinking of becoming your cosigner will be interested in knowing your loan repayment strategy. It is always a good idea to save for the rainy day. If you lose your job, or suffer from an illness, make sure that your payment schedule is not affected by it.

And, do not forget to prepare for the scenario of buying the car on your own. If you are buying a car for the first-time and you do not have any credit history, apply for small loans, pay them off and improve your chances of getting a car loan. Another way to get approval is by reducing the loan amount. Either bring a down payment or choose a less expensive used car for eliminating the loan burden.

What to do when there is no Cosigner?

No one wants to avoid making payments and damage their credit scores. But, a few unforeseeable events can make things difficult for you. In such a situation, you do not want your family members to suffer because of you. So, how can you buy a car without having the financial and emotional burden of damaging your loved one’s credit score? Seek a no cosigner car loan.

No cosigner car loans help young car buyers in making a car purchase on their own. With the loan, you do not need someone with a stellar credit report to help you out. It is useful when you need a car and cannot wait to manage a down payment or improve your credit score. If you are starting your new job or moving to a different town and need a car immediately, avoid spending time in convincing your family members. Simply search a lender who helps people with special needs and make buying a car easy. 

Find the perfect auto financing company for making a quick purchase. Submit your loan application and get approved for a no cosigner car loan. Choose a lender who not only makes cosigning optional but also offers special financing rates on bad credit auto loans.

How to grab the best Year-End Deal on your Next Car Purchase?

Shopping for a car during Holidays is no joke. Many individuals quickly find themselves unprepared and confused for the task ahead. A few of them leave the pursuit of finding the best deal and head home to enjoy the festivities. But, remember that Christmas is one of the top 5 holidays for making a car purchase. According to Iseecars.com, dealers offer 35.6% more deals during Christmas than any other time of the year.

 

Buy a Car: Make the Most of End-Of-Year Deals

If you want to buy a car during the end of 2017, do not walk down to the dealership before making a detailed analysis. Here’s how you can obtain the best deal and come home with a car.

• The Search and Research begins: What does it involve?

Buying a cheap car that doesn’t meet your requirements is not a good deal. You need to find aggressive discounts on the type of car that you want. To find a vehicle of your choice, check the list of car rankings. You may find that many car related websites in the market provide detailed review of car models, enabling you to make an informed decision. Understand each car model’s performance against different cars and find your pick.

Also, one cannot stress the importance of having pre-approved auto financing during this time of the year. With a ready check in your hand, you will be able to grab the best end-of-year deals without letting them go to any other buyer. So, find your car and then make sure that you have money for buying it.

• What’s the Scene at the Lot?

Compare end-of-year car shopping to a clearance sale. You may not find a wide-range of inventory at the dealership lot. Color options may be few. Or, you may find that different versions of the model are unavailable. Also, there will be several other people vying for the same car as you. On the other hand, you can enjoy great monetary benefits. Auto makers offers huge discounts to push slow-selling models and dealers are ready to share their incentives with you in the hopes of clearing space for 2018 car models. It results in incredible savings for you.

• The Kind of Deals that you can Expect

Auto makers and dealers are offering different types of deals across the nation. Kelley Blue Book and US News are a few websites that offer detailed analysis of different car deals available during the Holiday Season. For example, you can obtain $6,250 cash back on the 2017 Chrysler 300. On, Hyundai Sonata, the cash back amount is even higher. 2017 Ford Mustang is offering 0% financing for 72 months along with $1000 in cash back. On Honda Accord 2017, you can avail benefits up to $2700 in the form of discounts. And, it is expected that the pricing will become more aggressive as the year ends.

This Christmas, Gift yourself the Comfort of Car

To truly enjoy the gift of car, you must be diligent in making the purchase. Do not say yes to the sticker price that the dealer offers you. Just because you will enjoy great financing deals and end-of-year offers, it doesn’t mean you cannot negotiate the price. Discuss the price of the car, involve the down payment angle in the negotiation and make an informed decision. If you feel that the salesman will overwhelm you with all the numbers and pressurize you to the close the deal, it is best to bring your support. Ask your partner or friends to join you in making the decision. 

Stay smart, find the best deal and get ready for the perfect Christmas gift!

This Christmas, work with a professional lender and enjoy the gift of guaranteed auto financing. Get quick approval on no down payment auto loans and get ready to grab the best end-of-year deals. Apply now.

How to avoid buying a Flooded Car in Baltimore?

Baltimore faced unseasonal storm and several flooding conditions a couple of months ago. You may think that you have dealt with all the problems associated with flooding and heavy rains. But, there is one aspect of floods that you should not ignore, especially when you are looking to buy a used car in the Charm City.

Rains caused severe flooding in Central parts of Maryland. And, several cars were inundated during the catastrophic act. These cars are now making their way to the used car market.

Is it okay to buy a Flooded Car?

Anyone will tell you to avoid buying a car that was caught in the middle of a flood. Even if the car is completely dry, there must be traces of dirt and debris in the car’s engine. Also, water may have affected the electrical components of the car. It can be dangerous to drive such an unreliable car. 

It is only okay to buy a car if it has suffered minimal flood damage during the recent rains in Baltimore. But, if the insurance company has declared it as a total loss or it has a salvaged title, it is best to avoid the purchase. You may argue that repairs are an option. But, if there is an issue of salt-water flooding, it will be difficult to fix the car. Unless you are okay with rebuilding a flooded car from scratch, avoid it. 

Tips for Avoiding a Flooded Car in Baltimore

Now, if the car is damaged due to floods, you may avoid buying it. But, what if a dealer or a private seller is not upfront about the car’s history? How to ascertain whether a car is flood-damaged?

1. Flood-damaged cars have a musty smell to them. If you feel that the smell is not obvious, close the doors and windows of the car and check for nasty odors.

2. Are there any water stains on the seat covers? Do the covers seem new in comparison to the car? It is often a tell-tale sign that the dealer is trying to hide something.

3. Also, inspect the undercarriage and the engine compartment for rust.

4. If the engine oil appears muddy, it is a sign that the quality of the car was compromised during rains.

5. Take the car for test-drive to ascertain any type of water damage. Are there any unpleasant odors, unpredicted sounds, or unexpected smoke? 

6. Even if you find no problem after thorough inspection, it is wise to seek help from an expert. Hiring a mechanic may seem unnecessary and expensive. But, it is better to pay for inspection than end up with a lemon. 

7. Learn the car’s history with the help of VIN or Vehicle Identification Number. Obtain free vehicle history report by submitting the VIN on the National Insurance Crime Bureau’s website. 

Better be Safe than Sorry!

It is true that a car is necessity for most individuals living in Baltimore. It is a way of living. And, so you must pay extra attention to the car you choose. Check signs for flood damage, obtain the vehicle history report and find a trusted mechanic to understand the real deal. 

Remember a successful purchase is always a cautious and well-thought one!

Have you found your perfect car after thorough research? If you want to seal the deal, work with a reputed lender. Trust a bad credit Maryland auto loan expert to solve your credit issues. Once you are sure of your financing partner, nothing will stop you from getting guaranteed auto loan in Baltimore.

Why a Car is a Necessity in the city of Detroit?

Cars are an integral part of every American city. And, it has a special bond with the city of Detroit. For Detroiters, buying a car is not a way of fulfilling their passion but it is also their need. Even though the city started a streetcar service called QLine in May, 2017, residents still think of car as their primary choice of commute.

Car: The Need of Every Detroiter

Public transportation is one of the biggest problems of Detroit, and the most widely discussed as well. Learn why even with different options such as buses, streetcars, intercity buses, bike shares, etc. people still prefer buying a car.

• Convenience is the Key

DDOT buses are the only option to go around places in Detroit. It covers the entire city but the problem is that the buses do not run on time. And, it can become difficult when you have to reach your work quickly and efficiently. People Mover rail and QLine streetcars guarantee to help you reach on time, but the service is not available in each and every part of the Motor City.

• Comfort is Important too!

Why choose a car? It is because of the comfort it offers to you and your family. You may prefer the local public transport buses. But, when you think of comfort, you will definitely want to choose your car over anything else. Who would like to wait endlessly at the bus stops that do not have any proper shelter? The truth is your car offers the most comfort while travelling. It allows you to leave your home and reach places at your time and that too, comfortably. Also, weekend getaways become easy when you own car.

• Is Car the Only Solution?

It is a fact that 26 percent of Detroiters do not use car. So, you may think of avoiding the dealership lot. You may think of using the bike to work because 200 miles of the city is covered with bike lanes. But, it is not a complete solution to your commute issues. Also, Uber is available in Detroit, but it is expensive on a daily basis. 

And, the matter of the fact is that Detroiters are connected to cars. They have seen the rise of automobile industry with their eyes. The city has large freeways, and easy parking which make car a sensible option. Also, the safety and security that your car offers to you and your family members is incomparable. So, a car is definitely a sensible choice.

How to Buy a Car in Detroit?

The reason behind fewer Detroiters buying a car is not crowded streets. It is lack of affordable car buying options. The empty roads may tempt you to buy a car but high monthly payments can become a trouble. So, what is the solution? How to buy a car in Detroit? 

The answer is simple. Work with an online auto financing company. Traditional banks and buy here pay here dealerships are not the only options available with you. Today, online lenders have ensured higher approval chances for every Detroit car buyer. Check the lender’s reputation and discuss the monthly payments, interest rates and loan terms in detail. Once you are sure of everything, sign the dotted line and say yes to a comfortable commute!

CarDestination.com is the #1 choice of Detroit car buyers. The bad credit auto financing company is popular in Michigan for ensuring guaranteed Michigan auto loan approval at low interest rates. Work with the loan expert today; get a Detroit auto loan immediately.

How to win the Game of Auto Loans?

A car gives abundant freedom and happiness to its owner. You get the comfort as well as the ease of driving to the place of your choice. But, buying a car is not very easy. Why? The reason lies in your credit score. If you have a bad credit history, the list of the lenders who will approve your loan application becomes severely restricted. But, everything is not lost. Treat buying a car like a game. And, you can win the game, if you play your cards right!

Rules for winning the Auto Loan Game!

• Know your Strength

When you want to win the game and obtain guaranteed auto loan approval, you must understand your strengths. Learn what parts of the loan application will get you in the good books of a lender. Find out your budget. Will you be able to offer a large down payment to the dealer? Is finding a cosigner easy for you? Know how to make the best use of your old car. Find out if selling the car will beneficial to you against trading it for a new one.

• Know your Weakness

By knowing your weakness, you will be able to understand to deal with it in a better way. Before the lender surprises you with the news of your bad credit score, you must be ready with a plan. Check your credit score. If there are any unwarranted transactions on the report, send a note to the credit bureaus and begin the process of removing it. If cash is a big constraint for you, avoid making the down payment. Choose an inexpensive used car to negate the need of a down payment.

• Find the Right Partner

To win the game of auto loans, you need to find the right partner who will increase your winning chances. When you have bad credit score, work with a reputed auto financing company that doesn’t shy away from offering subprime car loans. Usually, traditional banks choose to finance car buyers with excellent credit scores. And, credit unions offer financing options to their members only. So, online lenders are the best option that remains with you.

Find an online auto financing company that offers you a bad credit auto financing deal. Seek recommendations from your friends and colleagues. Read online review and make an informed decision. Also, do not forget to evaluate the loan quote on several different factors such as interest rate, loan term, loan amount, monthly payment, lender’s reputation, etc. Choosing a reliable lender with easy terms will ensure that you get a fair chance of winning the game of auto loans. 

When you want to buy a car, you need the best auto financing partner with you. Get in touch with CarDestination.com to find the best guaranteed auto loan deal. The bad credit auto financing expert will ensure that you find a loan that’s easy on the wallet and improves your credit score as well.

Search Right for buying a Used Car: How does a Consumer Report help you?

Finding the right used car has little to do with luck and everything to do with research. A used car comes with a set of benefits. For one, a used car offers the best value that fits your budget. However, it becomes imperative that you choose the right car that can be reliable in the long run. In order to purchase the best available used car, consumer reports become your guiding compass.

So, what exactly is a Consumer Report?

Technically, a consumer report is an informative statement by various portals that seek to bring accurate data to the consumer. In case of used cars, a consumer report will assist a buyer in correctly ascertaining the cars that are fit to purchase. Additionally, it exhibits an unbiased view regarding the make, model, price and reliability of the used car. Few established consumer report portals include Edmunds, Kelley Blue Book, NADA Guides, etc. Thus, a consumer report will help you to make the right choice while you purchase your next car. 

How will a Consumer Report help in buying a Used Car?

1) Homework Made Easy

A consumer report is data that is valuable to a buyer. Research is a pre-requisite to purchasing a used car. Often while purchasing a car we tend to overlook research. A consumer report makes your task easy by collecting the relevant information and integrating it in one report. If you wish to purchase a used car, you only need the guidance of the latest consumer report to search the required details. For instance, you can identify the few defects that the car possesses prior to the inspection which can save you an expensive headache to replace the parts. 

2) A Reliable Source

A used car in a dealership lot will always contain a window sticker known as the “Buyer’s Guide”. The Buyer’s Guide contains certain imperative information such as the amount of repairing costs that the dealer is obliged to bear and the availability of a warranty, if any. Still, many may ponder on the thought if purchasing a used car is a gamble. A consumer report breaks the longstanding myth. Consumer report portals often run a road test drive of every used car that is rated to understand the effectiveness of the brake in uncertain conditions. Therefore, it is a wise decision to consider a consumer report as it is an unbiased platform to choose your used car. 

3) Save Precious Time

There are numerous dealership lots that would be selling used cars. Sometimes it takes up a large portion of your time to search for the right car at the various dealerships. A consumer report not only saves your time but also helps you to select the car that suits your needs. Different used cars are rated in a consumer report. Picking the make, model and color of your chosen car would be easy. Now you only need to visit those dealership lots that house the used car that you wish to purchase. A consumer report eases your legwork and saves you the time and trouble to go to every dealership. 

A used car has its own set of benefits in terms of cost-effectiveness and tax benefits. However, a consumer report can assist you in reaching one step closer to the car of your dreams. Therefore, persist for the right used car of your choice and ease your buying with the help of a consumer report. 

Chosen a used car? You have made the right financial decision. Now, it is time to get the best used car loans with CarDestination.com. The online bad credit auto financing company offers bad credit no money down car loans to help you buy a used car without down payment.

The Numbers say go for a Used Car

Are you thinking of buying a car? Is your decision tilting towards buying a new car? Before you head out to make a purchase, do give a thought to the other option. Buying a pre-owned car may not make for an appealing choice; but makes sense financially. 

 

Stay away from the New; Go for the Used Cars

Who doesn’t love the new car smell? You may have set your eyes on a new car but here’s why you should head to the used car section at the dealership. 

Buying a New Car becomes Expensive every Year

Even though there are several affordable car models, buying a new car and keeping it is becoming expensive year over year. Obtaining an auto loan for buying a new car is resulting in higher monthly payments than before. According to Experian’s Q1 2017 data, a sub-prime borrower spends $519 on a new car loan. And, if he seeks a used car loan, it comes down to $385. So, it makes sense to buy a used car.

Loan Terms are getting Longer

Lenders charge high interest rates from sub-prime borrowers. But, they try to cover the high rates with longer loan terms. If you wish to buy a new car with super-prime credit, the lenders will offer a loan term of 62 months. And the term is 72 months for deep subprime car borrowers. For a used car borrower with deep-subprime, the term is 65 months. Remember that used cars are less costly which means you will make smaller monthly payments over the years. But, when you buy a new car with a long term, you end up paying more in the form of interest.

The Risk of Negative Equity

 

Constant rise in monthly payments and long loan terms spell a recipe for disaster. A new car loses value as soon as you leave the dealership lot. And, the lenders direct initial payments towards the interest amount. It means the amount you owe to the lender becomes higher than the value of your car. Being in an upside down auto loan situation is very risky proposition. If the car is totaled for some reason, you will have to pay the difference between the insurance money and the pending loan amount. So, consider choosing a used car because of its low value and low depreciation rate.

Let your Brain take the Lead! 

Buying a car is an emotional experience. You may adore a brand. You may have set your heart on a certain car model. But, remember that a car is the second biggest purchase of your life. If you listen to your heart and disregard cognitive thinking, you will face bad credit score and unpaid debts in the future. So, consider your financial condition, credit score, and cash availability before buying a new car. If you think that higher monthly payments will put an unnecessary burden on your financial condition, go for a used car. Listen to your brain and make a practical decision. 

Buy a pre-owned car and make your purchase affordable with America’s bad credit auto loan expert. CarDestination.com will help you obtain low rate used car loan and ensure an easy car buying process. Apply now.

No Down Payment? Here’s how you can buy a Car without it!

One thing that remains on the minds of car buyers is solving the dilemma of down payment. Does the dealer require you to make a down payment? Are bad credit car buyers compelled to make a down payment? Is it really necessary? When the issue of down payment is occupying a fair share of your troubles, it is best to address it so that you can move along the process of buying a car.

Why Dealers demand Down Payment from a Car Buyer?

Dealers are interested in selling their cars and earning commission. They do not care how the money is paid? Most dealers have no part in the financing process. If you do not have a pre-approved auto loan, they can help you find an auto loan in the form of dealership financing. But, how much down payment you make is not their concern.

The amount of down payment depends on your loan amount. If the lender approves you for a loan amount that covers the total cost of the car, you do not have to think about the down payment. Usually, lenders offer 70% -80% as LTV for your car. It means you have to bring money for the remaining amount. 

Lenders demand higher down payment when your credit score is not excellent. A bad credit car buyer has a history of missed payments and it manifests higher risk to the lender. In order to reduce the risk factor, he may ask you bring at least 20% down payment. 

What to do when you have no Money for Down Payment?

• Use your Old Car

If you own a car without any lien on it, use it to reduce the cost of your new car. A cash down payment is not necessarily the only option with you. You can trade-in your old car and avoid making down payment to the dealer. If the dealer is offering little for the car, you can sell it online or find a private car buyer to earn more money.

• Ask for Financial Help from Parents

If you are in college or starting your first job, you will not have adequate savings for buying a car. You can ask for financial help from your parents. Many parents intend their child to have a good credit score. They want him to understand the importance of managing financials properly. And, a car can be the best way to teach financial responsibility. So, do not shy away from asking for help.

• Use your Cash Gifts

You may have received cash gifts for your birthdays, graduation, wedding and other important events of your life. You can buy a car by breaking into your savings. Use the cash and reduce the loan amount. If your credit score is poor, it is best to lower the loan amount and thereby pay reduced interest.

• Sell your Stuff

Organize a yard sale or sell your stuff online. It is a way of getting rid of unwanted stuff and earning money from it. Gather all the items that you do not use or will not use in the future. De-clutter your room, clean the garage and remove old items from the attic. You can even ask your family, friends and neighbors to donate their stuff for your sale.

• Pick up Odd Jobs

If you can pick up an extra shift at your current job, consider it for increasing the down payment amount. If you are still studying and cannot manage a full-time job, pick up a few summer jobs to add to your savings. Think of different part-time jobs such as baby-sitting, lawn-mowing, house-cleaning, etc. to earn a few extra bucks. Just as drops can fill an ocean, several different jobs can help you make a down payment. 

No Money Down Auto Loans solve your Urgent Car Buying Need

There are different ways of managing the down payment for a new car. But, every option requires time and effort. If a car is a necessity for you, you cannot wait to save money. When owning a car is the difference between a regular job and unemployment, you must not spend any time in managing down payment. In such a situation, you need a quick-fix solution in the form of no money down auto loans. The loan program helps bad credit car buyers in making faster car purchase. 

Seek online auto financing companies that offer no money down auto loans to bad credit car buyers. It is best to discuss your need for quick approval with the lender. When you are buying a car with no money down auto loan, remember to choose an affordable one. It will ensure a low loan amount and help you to make regular monthly payments.

Do not let your bad credit history a reason for avoiding a car. Forget worrying about down payment. CarDestination.com helps you in obtaining no money down auto loans even with bad credit score. Apply now for a low interest on your next bad credit car loans with guaranteed approval.

Buying a Car after Bankruptcy: Misconceptions vs. Reality

Many people go through financial setback during the course of their life. While some may suffer from a bad credit score, others become a victim to bankruptcy. Usually, a person faces either chapter a 7 bankruptcy or a chapter 13 bankruptcy. A chapter 13 bankruptcy is for debtors who can repay a certain portion of their debt with the help of a repayment plan. On the other hand, a Chapter 7 bankruptcy is useful for debtors who possess little or no disposable income and wish to get rid of their excess unsecured debts.

Many people who file for bankruptcy think it is impossible to obtain additional financial assistance. Misconceptions cloud their thinking and it sways them from the real scenario. However, with the help of certain guidelines and the right mindset, you can obtain an auto loan for buying a car

Buying a Car and Bankruptcy: Common Misconceptions to avoid

1) Misconception: I will not be eligible for an auto loan after bankruptcy. 

Reality: Bankruptcy may be a temporary halt but it is not the end of your financial journey. The common misconception is that a person suffering from bankruptcy will not get approval for any loan. However, the reality is different. A bad credit auto loan is the best option available to individuals with bankruptcy. The probability of obtaining approval for bad credit auto loan increases as the loan is designed for individuals with credit issues. Thus, put your efforts in researching for lenders who provide bad credit auto loans and getting your dream car will not seem like a distant dream.

2) Misconception: Bankruptcy ruined my credit score. Improving it is a challenge.

Reality: A credit score is made up of numerous factors such as the types of credit, amount of your debt, credit history and payment history. The situation of bankruptcy helps you to eliminate most of the elements that create a negative impact on your credit report. Additionally, the debt-to-income ratio of people after bankruptcy is better than the one prior to bankruptcy. Therefore, obtaining an auto loan is a chance to improve your credit score provided you make the payments on time. 

3) Misconception: My purchase options are limited to used cars. 

 

Reality: While it is advisable to be calculative in making future financial decisions, the options of purchasing the types of cars are not limited. A person who recently suffered bankruptcy is open to purchasing new cars as well as old cars. The best alternative to a used car is a discontinued car model. Purchasing a discontinued car model helps you to obtain a new car for a budget-friendly amount. Also, the car dealers are eager to sell the discontinued car model to free their shelf space. Therefore, a discontinued car model will help you stay in your budget and allow you to get your hands on a new car. 

Today, bankruptcy does not carry the negative stigma that it carried two or three years ago. Many lenders are aware that bankruptcy occurs due to business failure, decrease in income, loss of a spouse or any other unexpected crisis. Yet, misconceptions occupy the minds of people and force them to avoid applying for an auto loan. However, with a little market knowledge, enough courage and the right mindset, you can get one step closer to the car of your dreams. 

Applying for an auto loan after bankruptcy is not as difficult as you think! Apply with CarDestination.com and the guaranteed auto financing expert will find you an affordable loan in no time. Get in touch with the company today to bring your favorite car home. Apply for subprime auto financing today.

Dealer: A Friend indeed when you need Auto Financing!

Dealership: A One-Stop Solution for buying Car

A dealer is a link between auto manufacturers and car buyers. He obtains franchise from the auto manufacturer and sells new cars and used cars with the help of a sales team. A dealer possesses adequate knowledge of different car models and provides assistance to the car buyers. In order to increase the sale, he provides auto financing as well. He also promises repair and maintenance services to attract more buyers.

Select a Car at First Glance with Easy Auto Financing! 

With all the selling and negotiation skills on hand, the dealer goes one step ahead to raise the sale. In today’s world of tight budget, it is difficult to buy a car with cash. But with auto financing easily available at the dealership, you can think of buying a higher model of the car. You can sign the pre-requisite documents and obtain financing with the help of a dealer. It means you will be able to select a car without any financial worry and the dealer will make an easy sale. 

Instead of having to go to the bank, the dealer acts as a friend and arranges auto financing for you. Many dealers provide financing to buyers with bad credit score or zero credit history. A BHPH dealer proves to be helpful for those people who are unable to meet the stringent credit standards of traditional banks. However, the interest rates may be high owing to bad credit history. 

Jump for joy while you enjoy Easy Auto Financing

When something is available easily, don’t fall for it! It is because an easy option isn’t always the better choice. When you want to obtain auto financing from a dealer, you have to play smart. Here’s how you can do it:

>>Never pay MSRP and work hard to negotiate a good price for the car.
>>Auto financing from a dealer may be a wrong decision if the interest rates are very high. Ask him to lower the rate.
>>If you have a bad credit score, lower the loan amount with the help of a down payment.
>>A cosigner can help you to improve your credit worthiness.
>>Avoid dealer add-ons to keep the loan amount in check. 

Walk into a dealership lot with a well-thought plan for financing the car. A dealer offers auto financing to achieve sales target and boost up his sale. It gives him a strong handle to provide convenience to the car buyer along with an increased profit margin. And as a car buyer, you are able to buy the desired car even with a bad credit score. So don’t consider a dealer as a devil in disguise. Step into the dealership lot and buy your dream car with a touch of convenience! 

When you want to buy a car and obtain a quick auto loan, CarDestination.com is the perfect expert for you. Work with the bad credit auto financing company and get ready for instant approval in no time. The company is experienced in managing no down payment car financing as well. Apply now to buy a car!

Positive Financial Habits will get you an Auto Loan even with a Poor Credit Score

Do you have a Poor Credit Score?

Reasons such as the innocence of youth, a few late payments on bills, loss of employment or a maxed-out credit card can lead a good person to a poor credit score. It doesn’t mean you cannot buy a new car. But, it means that you need to put in extra effort from your end to avail an auto loan with a poor credit score. 

Lenders give a Hard Time to Borrowers with a Poor Credit Score

Poor credit borrowers suffer because the lenders charge a high rate of interest and offer larger monthly payments in order to balance the risk. If your credit score is not good, the lender may deny you the auto loan. 

Developing Positive Financial Habits can be liberating

When you have a poor credit score, getting approval on an auto loan can be a real problem. So it is important to be prepared. It is wise to educate yourself and do your homework. By educating yourself, you will improve your credit score and also develop positive financial habits. 

Here the question arises: ‘Can you still buy a car?’ The answer is ‘YES’. When you convert your negative habits into positive ones, it is easy to improve your credit score and thereby increase the chances of getting easy approval on an auto loan. 

Take Control of your Negative Habits. Take Control of Your Credit Score

1. Late payments have a negative effect on your credit score. Set up automatic payment option to ascertain timely payments. 

2. An auto loan is secured with collateral. It means the lender can repossess your car if you miss the payments. 

3. When you spend more money than you earn, it will affect your credit score. If you continue the practice, you will be bankrupt in the near future. 

Positive Financial Habits can get you Easy Approval on An Auto Loan

• By using an auto loan calculator, estimate the monthly payments beforehand. It is important to figure out how much you can pay for a car. 
• Don’t assume that you have a poor credit score. Obtain your credit report and check the credit score.
• Set a budget first. A budget should lead the planning of car buying process, especially when it involves high monthly payments.
• Don’t go alone. It is better to take your friend along with you. It will help you in understanding the critical loan terms easily.
• Shop for a shorter loan term. Don’t get distracted by promises of smaller monthly payments spread over a longer period of time because it will definitely harm your financial situation.
• Stick to your price range. When you have already made your budget, paying a little extra may cost you a lot in the end.
• Educate yourself. You should read all the loan terms before signing the dotted line. Ask questions, if needed.
• Always keep a copy of your auto loan contract with you. It should contain all the signatures and the details regarding the loan.
• Try to negotiate. As you have a poor credit score, you won’t be able to negotiate the terms of the auto loan, but you can always negotiate the purchase price of the car.
• Develop positive financial habits. You can do so by making regular payments towards the auto loan.
  

A poor credit score doesn’t mean that the lender will deprive you of an auto loan. It is possible to get an auto loan with poor credit score when you develop positive financial habits. Remember your positive financial habits can help you build your credit score if you pay the full amount on time, every time!

Pennsylvania Car Purchasing Guide: 3 Best Cars Suited For Senior Drivers

The purchase of a new car can be one of the most rewarding experiences one can encounter. Either out of meticulous planning or necessity, every car buyer spends a great a deal of time considering their options while purchasing a new car. However, sometimes finding the right car that fits your requirements can become a tedious task and in Pennsylvania, it is an occasional issue. 

Being the sixth most populous state in the United States, Pennsylvania has a dense population of various age groups scattered across its area. Amongst the different age groups of Pennsylvania, senior drivers find it laborious to search for a new car that suits their specific needs such as appropriate safety equipment and comfort. Therefore, while purchasing a car, extensive research of your options becomes an essential prerequisite. 

So, which are the best cars for senior drivers?

• Ford Fusion Hybrid

Before a few years, the prime reason for buying a hybrid car was its fuel economy. However, the Ford Fusion Hybrid goes one step ahead than providing just fuel economy. With the inclusion of mature technology, the car appeals to the senior drivers as it contains standard equipment. Many Pennsylvanian seniors face health concerns such as lack of muscle strength due to old age. The Ford Fusion Hybrid contains the features of a tilt and telescoping steering wheel which ensures smooth driving. Other senior-friendly features of Ford Fusion Hybrid include automatic climate control, comfortable seat adjustments and Bluetooth control.

• Hyundai Azera

In terms of per-capita income, Pennsylvania ranks 26th amongst the fifty states of United States. Being a well-to-do state, many a times, senior drivers indulge themselves in buying luxury cars and Hyundai Azera is no exception to the fact. Leather seating interiors, glove-box cooler and a total of nine air bags are some of the amenities that impart comfort during driving for senior drivers. Another striking feature of Hyundai Azera is the heated outboard mirror that assists senior drivers with blurry vision in getting a clear rear-view mirror image during cold weathers.

• Chevrolet Impala 2LT

Be it a comfortable interior room, fuel economy or simply a stylish ride, the Chevrolet Impala 2LT checks all the right boxes. Due to old age, many Pennsylvanian seniors face diminishing eye sight. The Chevrolet Impala 2LT comes with an auto-dimming rear view mirror that prevents excess light and fine tunes the glass tint on the rear view mirror, preventing any blind spots during driving. Additionally, the car also includes features such as 8-inch color touch screen and parking assistance. 

While hunting for a senior-friendly car can be a strenuous job, you can narrow down your choices. A Ford Fusion Hybrid, Hyundai Azera and Chevrolet Impala 2LT are amongst the best car options in Pennsylvania for you to consider. 

A guaranteed auto loan in Pennsylvania can make things simpler for you. Do not worry if you are terrified of bad credit. The loan expert will ensure quick bad credit auto loans Pittsburgh and help you buy a car of your choice.

4 Things no one told you about buying Used Cars

Buying a new car has its own advantages. But due to the ever increasing financial woes around the globe and depreciating value of automobile sector, buying a used car has made things simpler. Nowadays, a pre-owned car is being accepted by a large number of car buyers and its sale is not restricted to people with subprime credit. 

How to get the Best Deal while buying a used car? 

Apparently, used cars require more of your attention than new cars. It is because used car buyers have to assume the risk of ending up with a lemon. In order to land up a good deal, the following four things should be kept in mind: 

1. Paperwork

Just because you are buying a used car does not mean that the vehicle should be anything but safe. Certified pre-owned cars make your work easy and provide you with a proof of their proper functioning. The extended warranty that comes with a certified pre-owned car guarantees you of smooth driving for a certain length of time or up to a fixed number of miles. 

2. Overall Look

Focus your attention to the minute details such as dents, scratches, rust, improper alignment of panels during past repairs, paint color consistency, loose doors, shaky hinges, tires, etc. 

Apart from the exteriors, you should pay attention to the interior of the car. Operate and check the crucial parts such as the engine, heater, air-conditioner, music system, brakes, etc. A test drive will be the most suitable option in order to obtain an overall idea of the car. 

3. Price Check

Get an estimated value of the car that you have finalized. It will reveal if the dealer is overcharging you or providing you with a genuine selling price. You can use Kelley Blue Book for finding the estimated value of the car. Remember to go with a printed proof of the price check if the dealer’s price is way more than the market value. 

4. Negotiation

Be willing to use your negotiation skills before agreeing to the price quoted by the dealer. In most of the cases, the prices are set as per the approximate usage of the car and the current market value. Do not be hesitant to quote the price that you wish to spend on the car. You never know, the dealer might just agree and hand over the car to you. You have to make the dealer feel that the cash may go out of his hands if you do not buy his car. 

Before you set out to look out for used cars, keep these four valuable things in mind. It will not only save you a lot of money but also make you an attentive car buyer. Remember that taking time out for doing your homework to buy a pre-owned car will only make you satisfied at the end of the deal. 

Buying a certified pre-owned car makes things stress-free for you. And, if you obtain quick approval on used car loans, the car buying experience can become pleasant. Apply with Car Destination for pre-approved auto financing with bad credit and get ready to buy a used car immediately.