Posts Tagged ‘Car Loan’

Down Payment and a Co-Signer Can Help You Get a Bad Credit Car Loan in New York

New York is truly the Empire State. The State absolutely rules when it comes to travel destinations. There is the world famous concrete jungle of Manhattan and the illustrious Statue of Liberty. You also have other travel options like the magnificent Niagara Falls, wild Adirondacks and wineries of Finger Lakes.

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Wouldn’t it be great to travel to these wonderful places in your car? A car can give you a chance to explore your State. Not only that, imagine going to work in the comfort of car. You don’t have to take the train or bus anymore. No impatient crowd, no haggling for seats, just peaceful car travel. So, buy a car today and add comfort and peace to your life.

Is bad credit holding you back from buying a car? A bad credit score often creates massive problems. You may have a bad memory of lenders. It is obvious because traditional institutions refuse to write bad credit auto loans and even if they agree, high interest rates are charged from you.

But since recession, many New Yorkers have not been able to maintain a good credit score. This means bad credit is quite common these days. There are several people dealing with it. But they still avail auto loans. Let’s understand how people get reasonable car loans with bad credit.

You must remember that every name has significance. It’s called credit “history” because it’s your history, not your present and definitely not your future. A low FICO score is certainly a hurdle but it doesn’t mean your car dream is over.

It is true that banks won’t even touch your loan application if it mentions a poor credit score. But, there are several subprime auto lenders who offer bad credit auto financing in New York. These lenders have understood that there is a wide gap between the traditional lenders’ expectations and borrower’s reality. And, hence there is a great potential of business. It is for this reason that they offer loans to people with poor credit score.

Before applying for loans, know how bad your credit score is. You can avail a free credit report from freecreditreport.com. There are chances of errors and mistakes in the report and so you must check it thoroughly.

After you verify your credit report, apply for a car loan. Internet can be a great help for getting bad credit auto loans. Go online and fill the application form. As lenders have different criteria, it is essential that you fill application on several websites.

Spend a good time doing research. Compare auto loan quotes and then take a decision.

For improving your chances of approval, you can make a down payment. A down payment will prove the lender of your financial capability. You can also ask someone to co-sign your loan agreement. If you get a co-signer for your loan, the lender will have an assurance of getting his money back. Down payment and co-singer will help you bring down the risk.

Buying a car with bad credit score is not impossible. Smart shopping and alertness while choosing a lender can turn your car dream into reality.

Be a smart New Yorker and make a smart decision by availing bad credit auto loans New York from Rapidcarloans.net. Get the best interest rates for new as well as used cars. Apply now and say good-bye to outrageously high interest rates.

All the best!

Be the first to comment - What do you think?  Posted by newyorkcarloans - January 28, 2013 at 9:22 am

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How to secure No Money Down Auto Loans for People with Bad Credit?

As cars are becoming a necessity for us, the importance of auto loans is rising. When someone applies for a car loan, it’s obvious that he has no ready cash for buying the car. This means making a down payment also becomes difficult. The good news is that you can avoid money down by opting for no down payment car loans. This car financing program is perfect for everyone including people with bad credit.

Is it Possible to get No Money Down Auto Financing with Bad Credit?

Yes. You can easily get approved for no money down car loans for bad credit. All you need to do is ensure the lender of his financial investments. If he considers you a less risky credit borrower, instant approval and guaranteed low rates will be a reality for you.

How to get Guaranteed Approval on No Down Payment Auto Loans for Bad Credit?

These tips will help you get easy approval no down car loans. Bad credit will cease to be a problem when you follow these suggestions. Try and use the maximum of them to enjoy low rates and lower car loan cost.

Co-Signer

A co-signer lowers the risk factor. It is because the lender knows that he can recover his money if you stop making payments. So, start your search for a co-signer today.

Income Proof

Having sufficient income to pay-off car loan is one of the important criteria. You can show your pay-stubs or tax returns as income proof. This way lender will be sure of your regular income and also, regular payments.

Inexpensive Car

Choosing an inexpensive car means reducing your car loan amount. And with the reduction in loan amount, lender’s risk also reduces. This way your approval chances become brighter.

Trade-Ins and Rebates

You can avoid down payment by trading your old car. Ask the dealer to deduct the value of your old car from the car loan amount and forget putting money down. You can also make use of rebates for the same purpose.

Shorter Loan Term

If you opt for a shorter loan term, it means you will be able to pay-off the loan before the end of useful car life. This is perfect for everyone because the risk of upside down car loans reduces substantially.

Choosing the Lender

You certainly don’t want to waste your time in applying with lenders who won’t offer you loans. So, start your research for lenders who offer no down car financing programs to individuals with bad credit ratings.

You can make use of internet for searching sub-prime lenders. They work with bad credit borrowers and have no trouble in providing car loans without down payment.

You can select a reputed online car financing company for loans. They have a huge network of lenders and dealers which makes it easy for them to guarantee quick approval on no money down auto loans for bad credit. Don’t forget to check the reputation of the lender/auto financing company before filling the application form.

All these tips will definitely help you in securing no down payment auto loans. When you follow them, it will make your car loan application stronger and lenders will be compelled to look beyond your credit score. So, don’t forget them during the car financing process.

Rapidcarloans.net offers affordable auto loans for bad credit borrowers. People with bad credit score can enjoy no money down car loans by applying on the secure website. Apply now to enjoy low rates and 100% free car loan quotes.

Be the first to comment - What do you think?  Posted by badcreditcarloans - November 10, 2012 at 7:27 am

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How to Get a Good Deal on Car Loans in New York State?

The North Eastern State of New York is famous all across the world. Ever on its heels – Manhattan, wild Catskills, enormous Adirondacks, hilly Central New York and the Niagara Frontier, the state is full of natural diversity.

To explore the beautiful Empire State, car is your best option. New or used cars require an investment on your part. You need money for buying your dream car as well as for other collateral expenses. But, don’t think a car is out of your reach because of the huge finance required. You have the option of car loans. Yes, auto loans can make your car dream a reality.

You may consider loans as a necessary evil but a little caution can turn them into a heaven-sent gift. If you stay alert while availing loans, you can definitely strike a good deal. Let’s understand how to avail a perfect car loan for your perfect dream car.

First of all it is important to ascertain your affordability. You must exactly know how much you can spend on payments each month. For this, calculate your monthly income and deduct all expenses. The remaining amount can be utilized as payments.

You can also take help of online calculators. Several auto loan websites have this application. You will be able to know exact amount of payments.

After you calculate your budget, it’s time to know your credit score. According to the amendment to U.S. Fair Credit Reporting Act (FCRA), you are entitled to receive a free credit report once every year. Go to the website annualcreditreport.com and avail your credit report.

An excellent credit score will allow you to get low rate car loans. Credit rating is a major factor in lowering your interest rates. NY lenders will also consider your ratings and ascertain your financial history.

Recent economic recession has left millions of people with bad credit score. Banks and financial institutions understand this bitter truth and so you don’t have to worry about your score. There are several lenders in and around New York State who offer bad credit car loans. For improving your chances of approval, you can make a down payment or ask someone to co-sign your loan.

With the advent of internet, you are no longer forced to visit offices of several lenders. It is the fastest way to secure a loan in New York. You can just log in to the companies’ websites and fill the application forms. Apply on those websites which offer free car loan quotes. If you don’t keep this in mind, you will have to waste dollars for just getting the quotes. Applying with more than one company increases your chances of getting lower interest rates and better services.

Your best loan quote won’t be the one with lowest price. It is essential that you consider several aspects before making a decision. Calculate the APR. It will help you to know the interest rate for a whole year instead of just monthly payments.

Also, it is important to understand the loan conditions. There is no point if the lender offers low interest rates but charges pre-payment penalty. Explore all options before deciding on one lender. Pick up a lender that offers flexible loan terms. Also, check for hidden fees.

Your ultimate aim is to save money over the period of loan term. So, it is crucial that you choose the best dealer.

Make a wise choice and achieve your car dream.

Take a wise decision by availing auto loans in New York from RapidCarLoans.Net. Non-obligatory car loan quotes and transparent loan conditions are just few of the benefits. Apply now and fulfill your auto dream.

All the best!

Be the first to comment - What do you think?  Posted by newyorkcarloans - March 17, 2012 at 9:54 am

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To Get Instant Approval on Auto Loans, Know What NY Lenders Expect From You

Imagine travelling to the boroughs of NYC in your car. Driving to the picturesque Catskills and the astounding Niagara Falls in your luxurious car would be so much fun than using the scarce public transport, wouldn’t it?

A car has several benefits in the State of New York. Not only it will take you places, but will also provide you comfortable travelling. It is sheer thrill and adventure to drive your own car. If you do not have a car, you are definitely missing on fun.

Do not shy away from buying a car just because of financial constraints. Times have changed and now you have the opportunity of buying your perfect car at competitive rates. You are no longer required to avail exorbitantly high auto loans.

Internet has changed the way we live. You now have the option of availing auto loans at the click of mouse. This means you are no longer required to walk down to the lender’s office. You also have the option of faxing your documents.

When you use the online option, it is important that you choose a secured website to share your information. Check the website’s security certificate. Also, ensure the company’s reputation.

The online lending company will provide you an application form. Fill all required details and hit the submit button. The company will forward your application to the lenders who will then contact you.

To get instant approval, it is important that your information is convincing. If you have a bad credit score, you can avail instant approval on auto loans by making a down payment or by asking someone to co-sign your loan agreement. This will prove your credibility as a borrower and will also offer the extra edge to obtain loans.

Getting loans in the Empire State can be difficult if you do not know the criteria. It is very essential to understand what lenders expect from you. If you know it, it becomes easy for you.

Proof of Employment

Instant loans can only be given to trustworthy individuals who can guarantee regular payments. Employment ensures payments and hence, lenders want you to be employed with the same employer for at least a year. You can show your pay stubs to prove your employment. If you are a 1099 contractor, you can use your tax returns for the same.

Age

To avail instant auto loans, you must be above 18 years of age.

Valid License

When you avail instant auto loans, your car will be used as collateral. So, the lenders want to ensure safety of car and would be interested in knowing about your driving.

Proof of Insurance

Until you pay-off your loan, your lender will have interest in your car. If anything goes wrong with car, the lender’s interest would be affected. Hence, lenders would want you to buy auto insurance.

The above said conditions can be fulfilled by any working individual and that is why, it is easy to obtain instant approval on your new car financing and used car loans.

To increase your approval ratio, apply on several websites. It is a known secret that lenders have their own criteria for accepting an application. So, it is highly possible that a lender rejects your application because you have a bad credit score whereas another lender may accept it.

Instant approval on auto financing is achievable when you take quick decisions. And to take quick and accurate decisions, precise information is a necessity. Hence, clear every doubt of yours. Ask the lender about interest rates, hidden fees, charges, pre-payment penalty, etc.

As you get quotes from several lenders, you will have the opportunity of comparing them. You should not compare on the basis of monthly payments. Calculate APR. It will give you the idea of interest rate for the whole year. It will help you compare car loan quotes on the same pedestal.

Also, do not consider the lowest option as the best. You must also consider the loan term. A loan with very low-interest-rate spread over several years is of no good use. This is so because the car will lose its value over the loan term.

Availing quick approval is easy when you know what lenders expect from you. So, match yourself to the lender’s expectation.

Simple car loan application process and transparent lending conditions are the reasons why RapidCarLoans.Net is a well-known name today. Avail instant car financing in New York and get ready to drive your dream car.

All the best!

Be the first to comment - What do you think?  Posted by newyorkcarloans - at 9:51 am

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Buy Your Splendid New Car with New Auto Loans

Buying a car is fun when you know you have got the best car loan deal. Take a wise car loan decision by knowing every aspect of financing your dream car. Read to get a complete understanding of the many car financing options available with you.

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Be the first to comment - What do you think?  Posted by Alan Hendricks - March 12, 2012 at 1:05 pm

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Great Tips to Choose a Car Loan

Buying a car is fun when you know you have got the best car loan deal. Take a wise car loan decision by knowing every aspect of financing your dream car. Read to get a complete understanding of the many car financing options available with you.

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Be the first to comment - What do you think?  Posted by Alan Hendricks - March 3, 2012 at 10:35 am

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Do not Be an Impulsive Car Buyer – Take a Well-Informed Decision with Car Loan Tips

There is nothing worse than getting your car loan on impulse. When it comes to auto financing, Americans take hasty decisions. But, you can take an educated decision by taking help of these essential auto loan tips. This article will provide all the information for choosing a perfect car loan for your perfect car.

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Be the first to comment - What do you think?  Posted by Alan Hendricks - February 4, 2012 at 9:40 am

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How Easy Is to Get a Car Loan in California with Poor Credit?

Are you from California and worried about how to finance your car? And your poor credit score is adding to your worry? Residents of California who have poor credit can actually take a break from their worries because bad credit car loans are now easy to get. They are just a click away and can be accessed from the comforts of your home or office with no application charge to pay.

You may come across many dealers who are willing to give you the car even before your poor credit auto loan gets approved. However make sure that you do not fall prey to them. In such a case, you are likely to be called back and will have to renegotiate the rates of the poor credit car loans. Instead, wait until your vehicle loan has been approved and you have signed the written agreement after studying the terms and conditions offered for the loan. This is to ensure that there are no blunders from the part of the dealer and you know exactly what you are getting into in terms of payment, and interest rates. There certainly should not be any hidden costs involved because a car loan is a means of relaxation in your life and not unnecessary tensions.

Getting a bad credit car loan is not a very difficult task in reality. There are many dealers who will find you the right car or SUV within your budget even with bad credit. In California, there are options of securing horrible credit auto loan with the help of collateral. In such cases, the Californians prefer a secured debt for the loan because they have lower rates of interest than the interest rates on conventional loans.

Ensure that you have done a thorough checking on the lender’s credibility. In California, the law covers the risk which the consumers may face when opting for car loans of this type. Federal Truth in Lending Act requires disclosures like APR and long terms to be made. When you are investigating the dealer and the lender, make sure that you know the disclosures that are essential to be made by such lenders.

In case you are looking for bad credit auto loan, you can try reputed ones among the various auto loan dealers. They provide straight and simple solutions to owning autos for Californian residents even when you have poor credit. Getting in touch with a dealer will definitely make your experience a lot more enjoyable and hassle-free.

The Californian auto loan services offer their services at no charge and include most of the paper work like application review, processing, suggesting the most suitable scheme to finance your purchase and finding you a reasonable and dedicated dealer with proper customer services. They are best to work with due to their wide network of lenders and financers. Since there are no limitations in California on the rates of interest, so go ahead and compare the rates to get the best deals.

We, at Rapid Car Loans offer you hassle free bad credit car loans California. We have a nationwide network of lenders who will provide you auto loans at the most affordable rates. All you need to do is fill in the simple application form.

Be the first to comment - What do you think?  Posted by californiacarloans - December 3, 2011 at 4:23 am

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Car Refinancing – A Simple and Easy Process

Are you tired of higher payments every month? Is it getting difficult to manage your auto loan? Are you desperately thinking of a way out?

You are not alone. There are many caught in the vicious web of high interest-high payment loans. But, you can change your situation by refinancing your car.

It is essential that you refinance your car loan ASAP. The reason is that loan payments are designed in such a way that most of your early payments are directed towards the interest amount. So even if you are paying your interest regularly, most of it won’t reduce your principal amount.

Risk comes from not knowing what you’re doing. – Warren Buffett

I understand your doubts regarding car loan refinancing. But, you must understand that anxiety stems from unawareness. So without wasting any time, let’s understand the entire process of refinancing.

First Improve Your Credit Score

Even though there were few lenders who offered bad credit refinancing in the past, the economy has taken a toll on everyone. Lenders are apprehensive and consider someone with a bad credit score as an extremely risky proposition. Hence, you must improve your credit score.

Make payments on time. Don’t apply for unnecessary loans and bring down the number of inquiries on your credit report.

Also check your credit history for any error or entries which you are unaware of.

Car’s Value

Your car depreciates every single day and so it is important that you calculate the exact value of your car. Most lenders will rely on the value expressed in Kelley Blue Book. Check the value of your car and see if you don’t have an upside-down loan. An upside-down loan means you owe more than your car’s value. If you have such a loan, then refinancing your car will be difficult.

Also, lenders want you to refinance for at least $7,500.

Ask Your Current Lender

Check if your current lender is interested in refinancing your loan. If he is ready, it is essential that you still search for other lenders who may be willing to offer competitive rates.

Apply For Refinance

Banks, financial institutions, individual lenders, etc. are few sources of auto refinancing. You can search for several lenders using the web. You won’t have to go places and your work will be easier with the help of internet.

All you need to do is fill an online application form. Fill the exact same name as your current loan and also write the car loan account number. This is crucial as it will help lenders identify your loan.

You will be asked details about your car like the year of manufacture, accident history, etc. The lender will also be interested in your financial stability. Other than your credit score, your monthly income and current debts are also important factors.

Once you are approved by a lender, verify that the new loan amount is lower than the resale value of your car. This will be beneficial if you decide to sell your car and pay off the loan.

Don’t compare the loan on a single parameter of lower interest rate. It must have a lower APR too.

It will be excellent if you get a loan at lower interest rates and without extending your loan term. It doesn’t make sense in lowering your monthly payments and extending your loan period. It will only increase the risk of upside-down loan.

Fees Associated With the Refinance Agreement

Every lender has different rules and so the fees charged by them also vary.

There may be some lenders who will not charge any transaction fees. So, you only have to pay the usual Transfer of Lien Holder Fees or the Title Transfer Fees ($5-$10) and the State Re-Registration Fees ($5-$75). These fees are usually added to the principal amount.

Also check for any pre-payment penalty. Your current lender may impose a penalty or charge a fee for paying off the loan early. If the penalty amount is huge, you must think over your decision.

Skip A Payment?

This is a surprise benefit. Your new lender will take some time to process everything, so during that period you may get to skip a payment.

But to skip it, you must receive a welcome/agreement letter from the new lender. It is essential that you ask for permission to skip a payment. If he denies it, make sure you make the payment on time. Don’t worry about your payment getting lost amidst all this; it will be applied to your refinanced loan only.

Complete the Documentation

Don’t worry about the huge paperwork associated with refinancing. There are only a few documents required while refinancing your car.

Contract

Your contract will include all the terms and conditions of the new loan. Ensure that all the promises made by the lender are fulfilled in the agreement. Read the fine print and understand every term. If you are confused about rates and percentages, use online tools and calculators.

Payoff Letter

When you refinance, the title of the car is transferred to the new lender. You will have to instruct the old lender to send it to the new lender.

Registration and Title Documents

After refinancing your car, you will have to re-register it with the DMV. So, sign all those documents related to registration and title transfer.

Proof of Insurance

Lenders will demand a copy of your car insurance to verify that you have sufficient insurance on your vehicle.

Proof of Income

Your proof of income will ensure the lender of your affordability and ability to make regular monthly payments. You can submit your recent pay stub as a proof.

Proof of Address

Lenders want to know your house address, so that they can contact you anytime they want. Usually a copy of your driving license will be enough but you can also use a copy of your rent receipt as proof.

Authorization To Validate Employment Details

The lender may be interested in verifying your employment details with your boss and seek authorization for the same. So, you will have to sign an authorization letter for the lender.

The documentation process won’t take much of your time. An hour or so and you will have a refinanced car loan. Lower monthly payments will then be reality for you.

This brings us to the end. I hope this article helped you understand the intricacies of the refinance process.

So, refinance your loan and drive your car with ease.

RapidCarLoans.Net provides car loans at affordable rates. If you are unhappy with your loan, apply for car refinancing. Avail instant quotes and get your car refinanced in no time.

Happy Saving!!!

Be the first to comment - What do you think?  Posted by carloanrefinancing - October 15, 2011 at 10:09 am

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How to Obtain Low Rates on Person to Person Car Loan?

A vehicle has become an important commodity in the market and a necessity for all the individuals in the country. It is tough to use the public transport to reach the office premises. The peak hour traffic will be hectic and life becomes dull. Do not allow the external pressure to have serious impacts on your life. How good it will be to have your own car and drive to all the desired week end vacations? How good a student will feel to have his/her own car to go for a trip with the friends? However, the current scenario is totally upside down and a common man cannot get an auto loan so easily from any of the leading financial institutions.

The practice of borrowing auto loans for private party purchase has become so common and it happens in a hassle free manner. Thanks to the technology with which people are able to get the amount in a matter of minutes if all the documents are verified accurately. People need not roam the places in search of a lender. There are umpteen numbers of private party car loan lenders whose information can be taken from the internet. It is important to choose the right kind of auto lender to get a low rate private party car loan. Here are certain ways on how to get lower rates on person to person car loans.

With the increase in competition in the auto industry both online and offline, there are huge numbers of person to person car loans offered. This competition gives an advantage to the potential borrowers to get less interest rate when analyzed properly. The customer has to do a proper ground work in knowing the maximum information about the private party lender and the car price before taking the loan.

Second way to reduce the interest loan is to put a sizable amount of down payment. Larger the amount is and larger the money you save on the interest rates. The rates can be lowered depending on the amount of money down.

It is highly recommended to go for a shorter tenure of the loan. By this way, you can save huge amount of money paid as interest. However, there will be additional charges recovered if the loan is extended due to any reason.

It is important to choose a brand of car that has got better resale value in the market. Do not go for the brand of cars that has got the least of resale value. The amount of risk involved while financing for better brand cars is less in most of the cases. This will reduce the rate of interest substantially.

The borrowers should make sure that the car has got all the auto insurance coverage, proper transfer of title and other documents properly. This keeps the car in the most secured way.

Be the first to comment - What do you think?  Posted by privatepartycarloans - September 12, 2011 at 11:27 am

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