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Sat, Feb 9th - 3:13AM

Second Chance Auto Loans - How can Sub-prime Credit Borrowers get Guaranteed Approval and Low Rates?

Cars have become Americaís necessity and thatís why; no person should be turned away from auto financing. Most Americans donít know that credit score is not the only factor for car loan approval. Most car buyers donít know that they can get an auto loan irrespective of their credit history. Second chance auto loans are possible for bad credit borrowers and give a perfect opportunity to buy a car as well as improve their credit score.

What are the Benefits of 2nd Second Chance Financing?

When you want to buy a car and there are no lenders to offer you car loans, second chance auto financing companies are perfect for you. You can enjoy easy car loan approval process. If you make regular payments, your credit score will also improve. This means you can start re-establishing your credit ratings with second chance financing for auto loans.

How to Get Guaranteed Approval on Second Chance Car Financing?

People with sub-prime credit are often considered high risk borrowers. So, it is important that you lower the risk. If you are successful in doing that, low rates and guaranteed approval will become a reality with second chance financing for auto loans.

Get your Numbers

Once you decide to buy a car, it is important that you know your budget and research your credit report.

You must know how much monthly payments are enough for you. This can be known by calculating your monthly financial affordability. Make sure you keep in mind all car related expenses because you donít want to fall behind on payments. If you do so, it will cause more damage to your credit score.

Choosing the Car

Choosing your car is very important. You must understand that cars are a major investment and so, it is better to opt for a reliable car that satisfies your needs. Donít choose a cheap car with a high chance of being a lemon. Instead, you must select a car after doing proper research and after getting expert opinion.

Itís okay if you opt for a used car because nowadays sub-prime lenders have no problem in offering second chance loans for new cars and old cars.

Down payment And/or Trade-in can Increase your Approval Chances

By trading your old car for a new one, you can lower your car loan amount. Its effect would be the same if you made cash down payment. When you make a down payment or get a trade-in, its amount is deducted from the total car cost. This means your auto loan amount is reduced. As the lender has to finance a lesser amount now, he wonít have any trouble of your very poor credit score.

Search a Co-Signer to Easily Sign the Contract

When you have bad credit, lenders know that you have had trouble in making regular payments. Even though it is in the past, they still need assurance of the safety of their money. So, most lenders ask for a co-signer. It is not compulsory to get a co-signer but it is advisable. When you donít have good credit, a co-signer will substantially lower the credit risk and thus, your interest rates will also nosedive.

Get Ready with Documents

Second chance car purchase program doesnít require you to have several documents. You just need to be ready with the standard paperwork.

1. SSN

2. Credit Report

3. Financial/Bank Statements and Reports

4. Income proof- Pay stubs/Income Tax Return Statements

5. Residential Proof- Receipts of utility bills

When the lender sees you ready with all the documents, he will understand the importance of second chance auto loans to you. He will know that you are determined to buy a car and make payments on time. This will ensure that you get guaranteed approval in no time and that too with lowest possible rates.

So, get ready for a second chance auto loan and start living your car dream today!

Ezautofinance.net is perfect for sub-prime credit borrowers because it offers low rate second chance auto loans. Get guaranteed approval in an instant by filling the 100% secure bad credit easy auto loans application form. Apply now to get FREE quotes.


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Fri, Feb 8th - 1:26AM

Tips for Availing Car Loans in Texas

Texasís open spaces and mega cities permit every citizen to move around freely from one point to another and therefore, owning a car for a Texas resident is a must. Thanks to Texas auto financing companies, everyone can now buy a car and have freedom of transportation. Getting an auto loan is the best option when you donít have extra cash.

Look Around Ė Search for Exceptional Auto Loans

Whether you are in Dallas, Austin, Houston, San Antonio or any other Texan city, it is possible to easily get an auto loan with good credit. When you have a bad credit score or no credit history, a lender will only provide auto loans at a higher interest rate. There are, however, some exceptions to this rule. You need to shop around enough to discover pros and cons of different Texas auto loans.

Say ĎYESí After Thorough Research

Donít just say yes to the first auto dealer you visit. On some occasions, a sales person may even surprise you by offering zero interest loans. But, you must comprehend the situation and know whether he is really offering Ďzero interestí. When a zero interest rate auto loan means giving up a substantial rebate, you should take that as a red flag and make precise calculations!

A large number of people get their new vehicles financed by their favorite car dealers in Texas. However, no matter what option you choose - dealer or private, it is important to understand the terms.

Texas Auto Loan from a Bank or Credit Union

Getting auto loans from a local bank or credit union is easier if you have got an existing financial relationship with them. However, these institutions prefer candidates who have good credit scores. Most people with average or low credit scores find doors of these institutions shut for car loans!

Independent Auto Finance Companies

This is by far the best option for those looking for a great Texas auto loan. Irrespective of the shape and flavor of your credit, these independent auto loan companies can help you to get a low-interest loan. Since these auto financing companies are now online, you can immediately place a request and find out how soon you can get a good Texas auto loan at a competitive rate.

Avail Texas bad credit auto loans with Low Rates from EZautofinance.net and drive your dream in style. We believe that your bad credit score is no reason to deny you low rate easy auto loans option. So, apply now and achieve your car dream.


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