Posts Tagged ‘low interest rate’

How to Get Easy Approval on Poor Credit Used Car Loans?

Smart auto buyers shop for used cars. It is because their value doesn’t depreciate quickly. Don’t think used vehicles have passed their sell-by date. Many used cars that are available in the market are in a really good condition. And, with the introduction of certified pre-owned cars, used cars are as good as brand new cars.

Buying a used car becomes all the more important if you have poor credit history. Lenders often deny new car loan applications of poor credit auto buyers. But, as a used is cheaper, they don’t have much problem in offering Poor credit used car loans.

Most poor credit car buyers worry about getting approval on car financing program. If you are feeling jittery about your car loan request, don’t worry. This article has been written specially for poor credit auto buyers who are interested in used car loans. Understand what factors will get you stress-free approval and fulfill your car dream easily. Let’s begin.

Boring but Beneficial

There are few things which are crucial for getting approval on used car loans. Even though they may seem dull and uninteresting, these factors ensure trouble-free approval process.

A. Budget

The most boring thing about every financing deal is the numbers. Most people avoid everything related to numbers and just apply for a car loan program. This is hazardous for a poor credit car buyer because you can end up with a bad deal. So, you must calculate your budget. You must ascertain a monthly payment amount which would be easy for you. Also, decide on a down payment amount. It may seem a mundane task but it will definitely help you in choosing a poor credit auto loan program that’s comfortable for you.

B. Crsedit Score

Even if most lenders and dealerships have informed you about your terrible credit score, you must find your current ratings. You will require your credit score while submitting the poor credit auto loan application form. Mentioning an incorrect credit score can lower your chances of approval. Also, there are chances that your credit score may have improved.

Make it a point to check your credit score before filling bad credit car loan application forms. You must also go through your credit report and work on removing errors from it.

C. Paperwork

Get together your documents. Most poor credit lenders want poor credit borrowers to have a regular income. They will ask for a proof of your income and employment. You can use your recent pay stubs for it. Also, Employment Verification Letter can be useful. Lenders want to know about payment behavior and that’s why; you will have to present your recent Utility Bills.

D. Co-Signer

Co-signers are a blessing for poor credit car buyers. Lenders are always happy to see a co-signer because co-signing lowers the risk factor. So, ask someone to co-sign your car loan contract because it will ensure easy approval.

Begin the Application Process for Poor Credit Used Car Loans

Now that you have a clear idea about your financial position, begin the car loan process. Apply only with sub-prime lenders who are experienced in providing poor credit auto loans. You can use the online mode for getting a poor credit used car loan. Internet provides extreme ease in completing the auto financing process. You can apply with several lenders without leaving your home. Also, you will receive approval via phone call which means online car loans ensure 100% comfort.

When you receive auto loan quotes, compare it with your budget. Choose the quote that will ensure easy loan pay-off. Don’t sign the auto financing program without understanding each and every term of it. Avoid car loan contracts with exorbitant fees and penalties.

Choosing the Car

Car selection should be in the end. This is because your lender may ask you to choose a car from a specific dealer only. So don’t choose a car before getting approved for such auto financing program.

While choosing the pre-owned automobile, ensure that it doesn’t have a Salvage Title. Check the Vehicle History Report and invite your trusted mechanic to inspect the car. Remember that most States don’t have a two-day cooling period on the sale of automobiles. This means you will have to keep the car even if it has problems. So, choose properly.

If you follow the tips mentioned in this article, you will be able to make an easy car purchase. Also, it will help you to make payment much more affordable. So, remember them and ensure a trouble-free used car shopping!

Be the first to comment - What do you think?  Posted by badcreditcarloans - August 31, 2013 at 5:09 am

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Oregon Lemon Law – Get Definite Answer to All Your Queries

America is all about speed. Our fast lives and faster cars are a manifestation of our culture. Well, cars have been an important part of this great nation. It is the best way to explore the world-famous cities of America. When it comes to the Beaver State, roads are definitely the most accessible option. Cruising on I-5, you can travel to the state of California. Several State Highways also allow efficient road travel within Oregon.

Many Oregonians have spent their life-savings to get their prefect cars. But, this dream shatters when your car is more in the garage than on the road. Your car dream is brutally mortified when you discover that your car is a lemon.

You can re-live your dream with the help of Oregon Lemon Law which was passed in 1983. This law gives you the right to get a new vehicle or a refund of your car. It has become stronger after the 2009 amendment.

Before you go to the dealer and ask for a refund/replacement, let’s understand the State Lemon Law in detail.

In order to claim under “Lemon Law”, you must fulfill the following four requirements:

1) Your car must be purchased on or after January 1, 1984. Initially the law covered only those vehicles which were purchased in Oregon. However, things have changed now.

2) It doesn’t matter if you are the original owner or a subsequent one, it is important that you purchased the car during express warranty period.

3) Your car must be a “lemon”. The Oregon Lemon Law considers it lemon if your car fulfills any of the below mentioned criteria -

i) The manufacturer, its agents, its authorized dealers were unable to repair the same defect even after three attempts.

ii) The car is being repaired for more than 30 days.

iii) There is a serious non-conformity which can cause death or grave injuries to the passengers.

You must understand that the law will not cover any problem if it’s related to abuse or neglect of the car. You won’t be covered under the law if you carried out some unauthorized alterations.

It is also essential that you notify the problem to the manufacturer within two years or 24,000 miles of purchase (whichever comes first). Before the 2009 amendment, the limit was one year and 12,000 miles.

4) You are obligated to participate in a third-party arbitration program if the manufacturer notifies you about it. The court can award you thrice the amount of damages (not to exceed $ 50,000). This is possible only when the court agrees that the manufacturer acted in bad faith during the arbitration.

If you meet the criteria, you will get a replacement or refund. It will be decided by the manufacturer. The refund will cover the full purchase price including collateral charges such as taxes, registration fees, loan charges, pre-payment penalties and cost of few dealer-installed products. However, he will deduct reasonable allowance for using the car.

How Can You Prove Your Case?

You must have a strong case to fight against the legal team of the manufacturer. Here are few tips to help you with it.

In order to have a fool-proof case, you need to have copies of the following:

i) Repair Invoices and Routine Maintenance Invoices

ii) Purchase Contract

iii) Title

iv) Registration Document

Words Stay For Ever

It is essential that you maintain a logbook. Write down every single detail in it. Along with the repair and maintenance orders, keep a record of letters that you send to the manufacturer or dealer.

Mention every communication with accurate date, time, name and phone number of the person you spoke with.

Note every date and time when the car gave you problem. Also, write the dates when your car wasn’t in a working condition or was in the repair shop. Don’t forget to write the “mileage in” and “mileage out” when you send the car for repair.

The logbook will ensure that you remember everything and will be useful in proving your point to the manufacturer.

Precaution in the Beginning Means a Happy Ending

For New Cars

The State has enacted a strong law to protect your rights but a court case is often time-consuming. So, make sure you don’t buy a lemon.

Whenever you set out to buy a new car, do a thorough research. Read articles on web. Car experts give reviews on all car models. By researching, you will know the pros and cons of the car.

You must also check the auto recall lists. If the vehicle model was recalled for a defect, there is no point in buying it.

For Used Cars

The Oldest Trick in the Book

Odometer tampering continues to be a major problem. The National Highway Traffic Safety Administration website mentions that more than 4,50,000 vehicles are sold each year with odometer rollbacks. It also stated that the false readings cost more than $1 billion dollars annually.

You can avoid the fraud by checking the vehicle’s history. It will give you information about accidents, theft, previous owners, etc.

You must know that a car tire can run approx for 60,000 miles. So if the odometer reads 18,000 miles but the tires seem old and worn out, it’s time to say good bye to that car. Also check the engine and car interiors. Service reminder stickers, warranty cards, etc. will give you an idea about the actual readings.

What Does The Title Say?

According to the 2009 amendment (SB 515), the DMV now requires the manufacturer to add “Lemon Law Buyback” to the title and vehicle record when he repurchases the car. This means you will know if the dealer is trying to sell a lemon.

Avoid Flood-Damaged Cars

Inspect the vehicle for flood damage. Check for dirt and rust in the trunk. Also, a flooded vehicle mostly has moisture in headlight and tail light assembly.

“As Is”

In an “as is” agreement, the dealer doesn’t provide any warranty. All that you have is the manufacturer warranty, only if it hasn’t expired. Buying an “as is” car means the dealer won’t take responsibility if it ceases to work. Avoid such cars.

So, this is how you can save yourself from a lemon. If you have made a mistake of buying a lemon, take help of the Oregon State Lemon Law. If you are going to buy a car, make sure you stay away from the “sour” experience.

Be alert to truly enjoy the “sweetness” of driving your dream car!

When you buy a car, you try hard to save yourself from a “sour” experience. But, it can become “bitter” by highly unaffordable auto loans. Apply online on RapidCarLoans.Net for auto loans in Oregon and avail the most competitive car financing options. Apply and enjoy a “sweet” car buying experience.

Be the first to comment - What do you think?  Posted by oregoncarloans - January 12, 2012 at 7:36 am

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Best National Auto Loan Company: Improve Your Chances Of Getting Low Rate Car Loans

It could be important for you to find a good American auto finance company if you truly intend to get car loans with lowest interest rates. Buying a vehicle has become more a necessity than any luxury these days as most of the people are facing difficulty in travelling to their work or education place. Nevertheless, it might be that be that easy for everybody to purchase a vehicle by doling out cash. At any point of time new or used auto financing could help borrowers, irrespective of their credit situation, in realizing their dream. And the internet has become the power-house of online car loans.

When you go online you can find a suitable online car loan lender who specializes in providing auto finances to borrowers with all types of credit situation. But for ensuring that you have chosen the right lender, you need to obtain numerous free no obligation quotes provided by different lenders and compare the auto loan rates by using an online auto loan calculator. Alternatively, you also need to check out if there are any hidden costs such as closing fees or pre-penalties associated with the car loan. The entire process is quite complicated and might not be that easy to do it on your own.

The best way to go about it is to contact a national auto finance company that provides car loan services to borrowers that belong to all types of credit situations. Remember, such firms have a massive network of lenders that is scattered across entire America. Therefore, even if your credit history is subprime, you could still qualify for car finance. All that you need to do is just click online and fill out an easy application form that requires some personal information relating to your name, residential address, contact number and monthly income. After your request procedure is completed, you could be helped to get plenty of free no obligation quotes.

There could be numerous national companies that provide services for such instant approval car loan programs online. By using such help, you could get proper guidance and active assistance which is very much required when you are considering applying for low rate auto finances. However, it could be vital for you to choose a company that is reliable as well as reputable. This could enable you to get approved for a car finance that is very much affordable and favorable to satisfy your financial needs and requirements.

Get Free Auto Loan Quotes From National Auto Finance Company

get free car loan quote

Hence, to get more useful information on your low interest rate instant approval car loan, it is hereby recommended to utilize the professional services offered by reputed online service providers like CarLoansRightHere.

Be the first to comment - What do you think?  Posted by annieadams46 - December 22, 2010 at 6:09 am

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