Posts Tagged ‘monthly payments’

Quick and Easy Guide to Help You Get Car Loans for Bad Credit in Colorado

For every American, cars are a necessity and the same applies to the residents of Colorado. Cars are a must to commute everyday to work and also for enjoying the beauty of the Centennial State. If bad credit score is keeping you away from buying a car, bad credit auto loans are your answer. Read the article to know more.

Read more...

Be the first to comment - What do you think?  Posted by coloradocarloans - April 12, 2012 at 6:51 am

Categories: Services Offered   Tags: , , , , , , , , , , , , , , , , , , , , , , , ,

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.

Read more...

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

Categories: Services Offered   Tags: , , , , , , , , , , , , , , , , , , , , ,

Auto Loan Tips to Help You Get Instant Approval

Are you finding it almost impossible to get the auto loan you are looking for? Are you disappointed because you do not have enough money? Are you simply baffled and confused and dread the idea of applying for auto loan? Look for guaranteed car loans which may actually solve your problem.

Though getting a loan may seem an uphill task, it may not be so difficult once you know the tricks to the trade. Try going with the flow and consider the following suggestions as tips.

Credit scores: Before you start thinking of taking out an auto loan, know your credit scores accurately. Try to seek help from credit bureaus or from professional if you are unable to understand the scores. Do not be ashamed if you have poor credit scores. Do not try to cover them up. Doing so may jeopardize your chance of getting the loan. Just face up the fact that you had made some wrong decisions and it is time to make amends.

Application: When you are making applications, it may involve many formalities and documentation work. Hence it is better to keep all your financial reports ready. You may feel it to be a lot of hassle. But do not lose your patience. Keep your calmness and go through the procedure one after the other. However, it is a lot easier if you try online application. Browse through Internet and you will come across a number of lenders willing to help you out. Go through their terms and conditions and then apply.

Security: Auto loans are also easy to get if you have additional collateral. Show the lender that you have asset to support which may be house, boat, farm, second car, etc. Even when you are bankrupt, you may have stable source of income and it will actually help your standing in front of the lenders.

Choice of a car: An auto loan may be one of the best ways to purchase the dream car. When you are making your choice, there are two major things that you have to look for. One the price of the car should be well within your payment capacity. And two the value of the car should not be depreciating more than your payment ability. These two are important because if you choose a car of very high price range, then you apply for a high amount of loan. For high amount of loan, the rates of interest charged will be high if you cannot pay substantial down payments. Then the monthly payments you will have to pay will be higher and may lead to defaults. And defaults will take your credit ratings further down. Again, if you choose a car whose wear and tear is more than your payments, then you are entering into a deal which may lead to upside down on car. It is so because by the time you pay off the loan, the car will be no more than the scrap value and then your loan amount exceeds your car value which creates a negative equity.

If you understand the importance of these factors in getting a car loan, it might not be that difficult for you to get that auto loan.

Be the first to comment - What do you think?  Posted by Rock Watson - February 21, 2012 at 12:52 pm

Categories: Services Offered   Tags: , , , , , , , , , , , , , , , , ,

Treat Dealership Auto Financing as a Game – You Win if You Negotiate

Every business survives itself on profit!

Dealers are in for business. They are also trying to earn their bread like everyone else. So, don’t think that availing loans from them is a bad idea.

You might think that it is risky to buy a car from dealers. There are chances of buying a lemon or salvaged car. But, don’t worry about the quality of cars. Most of the cars are bought from wholesale auctions. So, often the cars are new and are driven for lesser distance. All you need is a little bit of caution to find that perfect car.

Dealers are not bankers. They have tie-ups with finance companies and banks and work for a commission. Also, few automobile manufacturers have their own finance companies. Dealers can also help you avail finance from such captive finance companies.

It is not mandatory for you to avail car loans from a dealer. This is just a service offered by dealers and you can reject it any time.

Generally, banks won’t even touch your application if it mentions bad credit score. But, dealers are quite liberal in that sense. They finance bad credit borrowers and those with past bankruptcy as well.

Before you go to a dealer, it is necessary to work out a budget. It will be beneficial if you also have a vague idea about the type of car you want to buy.

You should be prepared for a great deal of marketing. The salesman will want you to believe that he is offering the best deal and you will not get any deal better than this.

Once you reach the dealer’s lot, be alert. You must never tell the dealer how much you want to spend on monthly payments. Don’t tell him about the trade-in until you have negotiated the price. If you do so, he will deduct the trade-in car’s value before only. You will lose chance of any further bargain.

You must remember that everything is negotiable and you must negotiate your interest rate, loan term, conditions and rules, rebates, down payment, etc. Don’t forget to ask about pre-payment penalty. You shouldn’t sign until you’re satisfied about each and everything.

Be wary of add-ons. They might be absolutely unnecessary. All these add-ons won’t do anything other than increasing your auto loan amount.

Rust protection, undercoating, paint protection, etc. are already applied at the factory. So, you need not pay the dealer for all this. It is better if you do it on your own.

Don’t pay the “Dealer Prep” fee. This is charged just to take off the plastic and prep the car for you. You can do that on your own. This will save some $300 for you.

You also don’t need to buy expensive anti-theft system from the dealer. You can get it installed from a shop at a lesser price.

So, while availing dealership financing, you must be smart and not let the dealer increase the purchase price. Once you understand your needs, you will be able to say no to unwanted schemes and offers.

Dealers try to offer you everything under one roof. Take advantage of it. You are no longer required to visit several lenders. This is very large benefit compared to all the bargaining.

Don’t consider all this a hassle. Instead, consider it as a game. Take it as an opportunity to experience and explore something new. You will win if you save and the dealer will win if you don’t negotiate.

So, go out there and win the game. All the best!

RapidCarLoans.net is always available to help you with your easy car financing needs. Our huge network of dealers/lenders will not stop until you have a car of your own. Apply now to get rid of your financial woes.

Be the first to comment - What do you think?  Posted by Rock Watson - January 31, 2012 at 4:50 am

Categories: Services Offered   Tags: , , , , , , , , , ,

Deciding on The Right Used Auto Loan Program

Most people cannot imagine about moving on without a car. But before you buy one, it is advisable to do some investigation. Buying a car starts from deciding the car you want to buy and continues to how you will finance your purchase and ends with having signed the deal. It may not be that your budget allows you to purchase a brand new car. Rather you may have to satisfy yourself with a used car and get it financed through a used auto loan program.

Do not feel low about it. It is economical in today’s world and it will still be a new car to you. Besides, used cars in good shape and good mileage are the most affordable things. Take a look and find the car you need, and then check the prices both at the nearby car lots and at your local market. This will give you a generic idea and will help you to make comparisons. Once you have decided about which car to purchase, now comes the part of automobile financing.

If you do not have that extra cash available to finance your purchase, you can easily opt for a used auto loan. Whenever you visit a dealership, it may offer you loans. Keep them in mind so that you can compare the rates once you have visited most of them in your town. You can also go online and put your figures in the used auto loan calculator and you will get the amount you will need to pay. You can get an idea whether it is within your affordability.

It is now time to find a lender. For used auto loans, banks may not be the best option as there is a general trend that the banks reject applications for used auto loans citing that the value of the used car is not worth the risk involved. It is best if you approach private lenders and local ones for the used auto loans. Ask your friends if they know any lender. Expect to pay a down payment and a good rate of interest. Yet it will be economical in comparison to purchasing the new car.

To understand how you stand to benefit by availing a used auto loan go through a simple planning. Before you start off with the purchase spree, know how much you can pay monthly if you procure a used auto loan after paying off your regular expenses. The monthly payments are going to be higher if you are on bad credit even if you are willing to opt for a used vehicle loan. A lot depends on the condition of the car also like the age of the car and its mileage. When you are calculating the monthly payments, take into consideration the term of the loan, the upgrade and repair costs and the state or province taxes involved. Once you have made the calculation, make sure that it is not a tight fit; else you will stay tensed about making the payments than enjoying your car.

Be the first to comment - What do you think?  Posted by ezcarfinance - November 10, 2011 at 4:32 am

Categories: Services Offered   Tags: , , , , , , , , , , , , , , , ,

Get Prepared to Apply for Low Rate Auto Loans

Whenever you are thinking of opting for the low rate auto loan, keep some of the factors in mind. These will help you get through the whole process with a relaxed mind. Here are some aspects like budget, credit rating, down payment, lenders which you can take care of from beforehand.

Read more...

Be the first to comment - What do you think?  Posted by ezcarfinance - November 4, 2011 at 12:13 am

Categories: Articles   Tags: , , , , , , , , , , , , , , , , , , , , ,

Bad Credit Car Refinance – Get A Better Replacement of Your Loan

Everyone is dealing with credit issues. Lenders, who once financed all and sundry, have become so selective that an average credit score is not enough for them. So, a bad credit score is absolutely out of question.

Stringent lending norms and a bad credit score made you a sitting duck for dealers. But, this doesn’t mean you are stuck with high interest rates for the rest of life. The 43rd US President said that America is land of second chance. And, it surely is.

You can have your second chance by refinancing your auto loan. Remember, that your bad credit record is just a history and nothing more. There are still few lenders who are interested in giving you that second chance.

You have the opportunity of paying off your loan with a new low interest loan. A bad credit score sure compelled you to opt for higher interest rates, but things can change now. Bad credit car refinancing can free you from the vicious circle of high interest rates – high payments. It is a simple process and has the potential to save loads of money.

The loan term is also a bit longer so that it becomes easier for you to make payments. With bad credit car loans available, you are no longer required to avail an expensive personal loan for making payments.

There is another important benefit associated with refinancing. As the new lender will need few days to process you loan, you will actually get to skip your payment. Isn’t it great?

Now, Why Are Lenders Interested In You?

Does it sound too good to be true?

Well, lenders have a reason for it. They know that you are crazy for your car and won’t let it repoed. But at the same time, it is becoming extremely difficult for you to make such high payments. They know that you just need a low-interest loan. Lenders are assured that they will not lose money if they decide to refinance you.

When Someone Is Ready To Refinance You, Why Wait?

It is a misconception that you must at least wait for a year to look for refinancing options. There is no minimum waiting period or lock in period on auto loans. You can refinance your loan anytime you want it. The earlier you do, the better it is. An auto loan is designed in such a way that your early payments are directed towards the interest amount and so your principal amount won’t reduce considerably. So there is no point in waiting, is it?

Also, a car is a depreciating asset. So if you refinance it early, there are lesser chances of an upside-down loan.

Requirements

Unlike mortgage refinancing, car loan refinancing is less concerned with appraisals. There are no stringent inspections.

You will just have to specify the car’s year of manufacture and its mileage. Also a clean title is a condition. If you want to have a shorter loan term, the lender may even accept an eight year old car.

It doesn’t matter for the lender if you have had a bankruptcy or tax liens in past. A continuous employment with the same employer and regular payments will definitely improve your chances of approval.

Web – The Best Place

From pin to plane, internet is the best place to find everything. Use it to search for bad credit lenders. They also go by the name of sub-prime lenders. Fill in the simple application form and you will be able to generate several free car loan quotes.

Now, you must remember that you get the best deal only when you compare. A lower interest rate with a longer loan term is almost same as higher interest rate with a shorter term.

So, calculate the APR (Annual Percentage Rate). It will express the exact interest rate for a whole year instead of monthly payments and will be an effective tool for comparison. Take help of the online loan calculator to compute the exact benefit.

Once you find that flawless loan, don’t wait for long. Grab the opportunity and get going. Sign the dotted after scrutinizing the contract.

As you complete the documentation process, the new lender will pay off your loan and you will be able to make affordable monthly payments.

What Should Be Your Long Term Strategy?

Kudos to you!

You now have a low-interest loan. But don’t be satisfied with it. It is essential that you constantly work and improve your credit score. If you do so, you will be able to get that elite 0% financing.

A high credit score will solve almost all your financial problems. So, take initiatives to re-build it. Avoid unnecessary use of credit card. You must also restrict the number of needless inquiries on your credit report. Make payments on time and slowly your score will improve.

But, the immediate course of action is to hit the web and search for subprime auto lenders. Once you refinance your auto loan, you must concentrate on your credit score.

Smart car owners know that refinancing can help them in a big way, but smarter owners know the importance of credit score as well.

All the best!

Be the first to comment - What do you think?  Posted by carloanrefinancing - October 25, 2011 at 4:40 am

Categories: Services Offered   Tags: , , , , , , , , , , ,

Know What Second Chance Auto Loans Are

Some individuals have less than perfect credit score. For them, there are loans which give them a second chance to secure a car loan. These are the second chance auto loans. This is a prospect to rebuild your reputation in the “credit world.” It is difficult to get second chance auto loans for most of the people and they need to be totally aware of their financial conditions to get it approved.

There are pros and cons to everything. There is no exception to this rule when it comes to auto loans also. Although you will be given the money to purchase the car of your choice, you need to be aware of some fine prints. Second chance auto loans are normally approved to individuals with a bad credit history. Therefore, a high credit risk shall be considered in your case if you are applying. A few conditions such as a ‘higher than average interest rate’ also come along with it. Some loans you apply for may seem easy. But in such a case, you have to keep in mind the time in which you will be repaying it. Some companies do not allow much time for repayment. This means that less your payback time, more will be your monthly payment amount. So, keeping that in mind, you are required to do your homework first. Before you apply for loans, just take out some time to chalk out how much you would like to spend. You must also bear in mind, how much you can afford to spend on a car payment every month.

When second chance automobile loans are concerned, online resources are very useful for individuals with a bad credit. Bad credit auto loan lenders are pretty experienced with it concerns helping individuals with bad credit. In some cases, these loans are rather easy to obtain. When searching online for such a loan, make sure you choose a company that connects you with several lenders where each of them would try to give you the best deals. This gives you great advantage as a customer since you can choose the lender you want to work with rather than spending time shopping around.

Tips To Get Your Approval:

The most important thing is to watch out for the repayment terms. The redemption fees play a vital role here. The key point is to avoid excessive redemption fees so as to minimize the loss. It is recommended to avoid very short term loans as they will give you very high monthly payments.

If your credit score is bad, there is a possibility of lenders charging exorbitant interest rates on the second chance auto financing. If you have declared bankruptcy in the past, you will face this.

Several financial institutions will do a perfect background check in the preliminary phases when you apply for a car loan. This does not guarantee that the loan will be approved. Hence, it is always better and recommended to avoid such lenders those who charge fee during the preliminary process.

Be the first to comment - What do you think?  Posted by Auto Car Loan Financing Online - September 26, 2011 at 8:18 am

Categories: Services Offered   Tags: , , , , , , , , , , , , , , ,

How to Qualify for Student Auto Financing with No Co-signer?

Student auto loans can work like magic when you are in college. They help your dreams to come alive and there are several options to get them. Most of the students do not work as a part time employee in any of the institutions. Hence, it makes things complex while processing the loan applications. Auto loans for students that do not demand co-signers are very rare. This is due to the risks involved in making prompt repayments. It is a true fact that students cannot have a good credit history as they have just started their life. The banks and other financial institutions are not sure whether the students will repay the loan amount or not. The entire amount of risk is passed on to the banks in the case of lending auto loans to students without co-signers.

Private financial institutions might be ready to offer such loan amounts to the students. Students those who are pursuing master degree can easily obtain such loans. If they already have an existing car loan or completely paid off loan, it would be an added advantage to get new kinds of loan. The prompt repayments in the existing loan will add up to the credit history. This existing loan should be at its completion stage after which the probability of granting a new car loan without co-signer is high.

There are several financial lenders who are ready to grant student auto loans without requiring any co-signers. It is highly recommended to make the best use of these financial institutions to fulfill your auto dreams. An easy way to convince the lenders is by taking up a part time job. The salary obtained from this part time job does not matter to the banks. However, it shows that the students are ready to accept the responsibility and are considered as prospective clients for these institutions.

One more way to obtain student auto loans without any co-signer is to make a considerable down payment. This money can be obtained from their parents. This will help them to get loans at lower interest rates and with many other flexible conditions. The students who have a good credit score and are able to demonstrate their ability to make prompt monthly payments will be granted auto loan without cosigner. The eligibility criteria differ according to the financial institutions. It is up to the ability of students to convince the officials in order to fulfill their auto desires.

Be the first to comment - What do you think?  Posted by Auto Car Loan Financing Online - September 12, 2011 at 5:47 am

Categories: Services Offered   Tags: , , , , , , , , , , , , , , , , , , , ,

Instant Approval Auto Loans – Methods of Choosing and Benefits

Sometimes, getting an instant approval on auto loans becomes difficult. But by correct guidance and information, you can avoid many problems. You may take the following three rules into consideration so as to get the best possible deal in case of auto loans.

Your first priority should be Online auto loans – Looking for auto loans with instant approval offline is a very tedious job. You need to shop around a lot and the processing time for these loans is also long. Online approval is quicker. They take not more than 24 hours to approve. The options for choice are wider. So, you can easily choose the deal that suits you best. The process of application is also very easy. It involves filling up of few data like name, address, employment history etc. so long the form is filled up correctly, the approval is returned in just no time.

Opt for the best possible rates – Depending upon your credit record, the rate of interest may vary slightly. The rates could be either higher or lower than the usual market rates. If your credit score is low, the cost of borrowing to you will be higher. The trick here is, search for different lenders and compare quotes given by them. Thereby opt for the lender who would offer you the best rate that is most suitable for your deal and matches up to your present circumstances.

Avoid upfront costs – While choosing any lender for instant approval auto loans, make sure that there are no upfront costs involved with the application. If you ever visit a website which asks for any kind of payment even before you fill up the form, the site can be a scam. Most online companies offer free quotes on loans.

Benefits of Instant Approval Car Loan

By submitting an application for an instant car loan approval, you pave your way for getting your loan pre-approved. The common mistake made by people is to begin their car purchasing experience without any pre-approval. By selecting a car of their choice, they allow the car dealership companies to review their credit record and offer them a financing package. Instant approval loans come with many benefits:

Waiting Time for the Instant Auto Loan Approval – After you have submitted an application for any online approval, the time for the response varies. In most cases, customers receive a reply within a matter 15 minutes. Make sure that you include all required information correctly. An online auto loan application requires two type of information one is personal information which includes name, address, SSN, monthly payments, income etc and secondly employment information which include occupation, currently employer name, time at employer etc. Based on this information provided these auto loan companies will offer you a car loan quote. You can either accept the quote or reject it. The choice is entirely yours.

Request Instant Car Loan Quotes from Different Lenders – Instant auto loan approval is convenient and quick. Brokers are perfect as they have access to numerous lenders and loan packages. After completing an application, brokers go on to review all your information, and within a matter of few minutes, you will receive an email with different offers from various lenders which is less time consuming and saves a lot of money.

Be the first to comment - What do you think?  Posted by Auto Car Loan Financing Online - at 5:32 am

Categories: Services Offered   Tags: , , , , , , , , , , , , , , , ,

Next Page »