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EZ Auto Financing Ė Lower Rates make it Ideal for Bad Credit Car Buyers - RSS feed - Add to Google

Tue, Jul 8th - 5:50AM

EZ Auto Finance Ė Buying a Car is now Quick and Pocket-friendly

Gone are the days of endless waiting at the lenderís office. Forget exorbitant rates on auto loans. Say good bye to complicated car loan criteria. EZ Auto Finance is here to provide you with car financing in minutes.

Bad credit and down payment wonít affect your chances of getting approval. It is because EZ Auto Finance has simple approval criteria. It has several years of experience of the subprime market as well.

Just like its name, EZ Auto Finance offers easy approval on car loan programs. You simply have to submit your loan application on the secure website. The companyís efficient approval system ensures that every application is reviewed quickly. Once your loan needs are understood, the companyís representative will contact you with affordable loan quotes.

So, donít wait now. Get online and submit your auto loan application today.


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Mon, Jul 7th - 9:05AM

Poor Credit Auto Loans - Financing a Car with Bad Credit History is possible now

Bad credit score has become a common phenomenon. Almost, everyone has had his/her share of encounter with the dreaded bad credit history. It acts as a major deterrent in getting credit. Loans become difficult because of bad credit. But, it never means that you cannot get an auto loan with bad credit history. Thankfully, poor credit car financing is very easy.

Initially, lenders refrained from offering poor credit auto financing online. They considered bad credit borrowers very risky and thatís why rejected most applications with bad credit. But, with changing times, lenders have understood that many Americans are dealing with bad credit. And, itís common sense to offer poor credit auto loans to such a large population.

If you want an auto loan with bad credit, it is important that you convince the lender of being a low risk credit borrower. If he is assured of the safety of his investment, he will easily offer you a poor credit auto loan. Hereís how you can get yourself a poor credit auto loan.

Your Budget Sets Your Boundary

When you prepare a budget, you know the exact amount of money that you can spend on buying a car. It will help you to choose a car without much trouble. With a budget in hand, comparing auto loans programs for poor credit will become very easy. You can easily ascertain if the monthly payments are affordable or not with the help of budget.

Get Your Documents Ready

After deciding on your budget, you must get together all your documents. Lender will require you to have Income and Employment Proof. You can use your current pay stubs for this purpose. He may also want to see receipts of utility bills. All this will give him a picture of your debt repaying ability.

A Used Car is a Better Option

A new car is expensive than a used car. So, when you buy a new car, you will have to pay more. When you have a poor credit score, your interest rates may not be very low and so, itís best to avoid a new car.

Itís better to search for a car after getting approved for a poor credit auto loan. It is possible that the lender may want you to buy a car from a specific dealer only. If this happens, all your hard work of searching a car will go waste. Hence, apply for a car loan first.

However, do remember to buy a used car after getting it inspected by your trusted mechanic. Also, check the car title. Do not buy any car that has been salvaged or flooded.

Apply with Subprime Lenders

When you are ready with your budget and documents, itís time to apply for a car loan. Now, traditional lenders and banks may reject your car loan application for having bad credit. This is because they usually offer auto loans to borrowers with good credit scores. So, you must not waste time in applying with all lenders.

Instead, devote some of your time in research. Search lenders who offer poor credit auto loans and have a high approval ratio. You can easily avail a poor credit auto loan from sub-prime lenders. These lenders have expertise and experience in dealing with bad credit scores. They are able to handle credit issues better than anyone else.

Web to Your Rescue

You can find many subprime lenders with the help of internet. There are numerous online car financing companies that have huge network of subprime lenders. All you need to do is search for a reputed car financing company and apply on its website for a poor credit car loan. Once you apply by submitting an online car loan application form, the company will search a lender for you.

Compare and Then Sign the Contract

When you apply with online subprime lenders, you will get several poor credit auto loan quotes. Now, itís your time to choose the best option for you. Choose a car loan quote by considering important factors like interest rates, loan terms and conditions, pre-payment penalties, additional fees, charges, etc. You can make use online car loan calculators to calculate exact monthly payments.

You must choose a poor credit car loan program that offers you great ease. You have to make regular monthly payments to pay-off your low credit automobile loan. It will improve your credit ratings and help you in availing lowest possible rates in future. So, search for that perfect poor credit auto loan and start improving your credit score.

EZautofinance.net does not discriminate anyone on the basis of credit score. We offer affordable poor credit auto loans to bad credit borrowers. With our reasonable automobile financing options, you will even get to improve your credit score. Apply now!


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Sat, Jul 5th - 3:09AM

First Time Auto Buyer Loans Ė What makes Qualification Easy?

Age and status donít matter when it comes to buying a car. Car is a requirement for every American. Most automobile purchases are made with the help of car loans. When you buy a car for the first time, you may have several doubts. But, once you know the entire car loan process, it will all be very easy for you.
 
Buying your first car is a great experience and you shouldnít get overwhelmed. A first time buyer needs to get a first time auto buyers loan. This car loan program can be availed by a teenager, a college student, or a person with no credit, a good credit borrower etc. The only common factor among first time car buyers is that they are buying a car with auto loans for the very first time.

Criteria for Getting Approval on First Time Auto Buyer Loans

Employment

Your job plays a major role in getting a first time auto buyers loan. You can be employed part time or full time but, you will definitely need employment proof. You can show your recent pay stubs as a proof. If you are self-employed, you can use your tax statements as proof.

Lenders have simple logic when they ask you to have stable employment. If you have a regular job, you will be able to make timely payments. This will increase safety of lenderís investment.

Income

Income and employment are very closely related. When you have stable job, you are able to earn a regular income. Most lenders require you to earn at least $1,000. This number changes according to the lender.

Income is an important criterion because you can make regular payments to the lender only when you earn enough. If your income is insufficient to pay your expenses, getting first time car buyer loans is not a good idea.

Credit Rating

Your credit score determines your credit repaying ability. Lenders are able to know your financial history by taking a look at your credit report.

Now, it is always better to know your accurate credit score. Before applying for a first time auto buyer loan, you must check your credit report and remove all errors and mistakes. If you find any discrepancy in your credit report, you must inform to the respective credit bureau.

Higher the credit score, better it is. So, work on your credit score.

Down Payment

Down payment has a very significant relation with your car loan approval chances. When you make a substantial down payment, you reduce the auto loan amount. This increase lenderís trust and decreases his doubts and risks. Making a down payment of 10%-20% can significantly reduce your interest rates.

Co-Signer

Co-signer is a person who guarantees the car loan by signing the auto loan agreement along with the primary borrower. Though co-signers are not compulsory, a co-signer adds significant weight to your first time buyer car loan application. You can actually avail higher amount of loans at lower rate of interest when you have a co-signer.

All these factors are important in getting first time auto buyers loan. When you apply for a car loan, you have to convince the lender of being a low risk credit borrower. If you can do, instant approval will very easy for you.

EZautofinance.net believes in offering low rate auto financing to each and everyone. Our first time auto buyer loan program is perfect for first time car buyers. Apply on our website and get instant approval!

All the best!

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Fri, Jul 4th - 6:42AM

5 Powerful Reasons to buy a Used Car with Bad Credit Score

Want to buy a car with bad credit history? Well, you are not alone. Many Americans are struggling with credit score and they still want to buy a luxurious new car. And, that is where they go wrong. There is no problem in buying a car straight out of any of the 2014 Auto Shows; but it is not the best decision for a bad credit buyer. Why buy an expensive car when used cars are perfectly capable of taking you places?

Used cars are no longer what they used to be. With the Cash for Clunkers Program of 2009, really old and decrepit cars were taken off the road. If you opt for a used one, you will probably get a car that is just six or seven years older. This means that you are buying nearly new car only.

Benefits of using a Used Car

1. Lower Loan Amount

Today, new cars are costlier than ever. Your dream car may cost you more than $30,000. But, you donít need to spend such a fortune on a used car. You can get a decent car for just $12,000. You can even buy a cheaper car from a private seller by eliminating dealerís commission.

Because of the lower loan amount, you will be able to make affordable payments easily. This will result in improvement of credit score as well. Sounds like a good deal, isnít it?

2. Easy Financing Options

Most lenders do not approve new car loan requests of bad credit buyers. They worry about the safety of their money. But, lenders donít have any problem in providing loans of smaller amounts. So, getting a loan for a used vehicle is relatively easy for a person with poor credit.

3. Dealing with Down Payment

A down payment or trade-in equity is required to lower the loan amount of a new car. You may even have to take a personal loan or break your savings to put money down. But, this is not suitable for a bad credit buyer. It is because he can use the same money in paying off debts and improving his credit score. You can avoid this situation by opting for comparatively cheaper used cars.

4. Dealing with Depreciation

Most new cars depreciate between 20%-30% of their cost as soon as you take them out of the dealerís lot. There is no point in wasting your hard-earned money on depreciation. Instead, you can buy an old car with lower depreciation rate and almost the same reliability.

5. Dealing with Warranty

While buying a used car, you can easily transfer the original factory warranty to your name. Also, many manufacturers provide additional warranty on certified pre-owned cars. This way you can get a reliable car with lower cost. Thatís sounds like hitting two birds with one stone!

A used car is an obvious option for a person dealing with bad credit issues. It provides the much-needed respite from crowded public transportation. And, because of affordable auto financing program, you actually have the opportunity of improving your credit score.

So, bad credit buyers! Stop looking for new car and make a logical decision by choosing a used vehicle.

EZ Auto Finance provides maximum benefit to bad credit buyers by providing bad credit used auto loans program. Submit your loan application today for 0 cost auto loan quotes.


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Thu, Jul 3rd - 8:50PM

How to Buy a Car with Pre Approved Auto Loans?
A pre approved auto loan is an easier and an excellent way to buy the car. You will not only save money but will also save yourself from dealing with dealership financing. It is possible that dealers who may not offer you lower rates. You certainly donít want to get a raw deal. But with a pre approved automobile loan, you can stay away from higher interest rates and last minute changes in loan terms and conditions.

 

With a pre qualified car finance, you know the exact amount of money that you can spend. You automatically remain in budget. As you know each and every detail of the car loan, there are no chances of unpleasant surprises in the future.

Pre approved car financing is good because it gives you greater negotiation power. The dealer knows that you have ready money and so, he wonít have any problem in reducing the car price. Also, you will be able to negotiate better terms and conditions.

How To Get Instant Approval on Pre Approved Auto Loans?

Know Where You Are

Assessing your financial statements should be the first step in getting an auto loan. You must have your current pay stubs with you. It can be used as a proof of your income and employment. Your utility bills can ensure the lender that you have been making regular payments.

Study your credit report. Identify the mistakes and report it to the credit bureaus. Your credit score will improve as soon as wrong entries and unwarranted transactions are removed from your report. Paying off old debts and making regular payments can also help in increasing your credit score.

Shop Around

Once you have all the necessary documents, you can apply for a pre approved car loan. Donít apply with a single lender. Instead, apply with several lenders and then, compare car loan quotes. When you apply at several places, you have the opportunity of choosing the best pre-approved auto loan program.

It is time consuming to visit local lenders and dealers and apply for a pre-qualified car loan. You can make use of the internet and get your free car loan quotes. All your work will be done at the click of mouse and you wonít even have to leave your home.

Choosing The Best Pre Approved Auto Loan Quote

When you receive auto loan quotes, compare them and find the best car loan program. Donít choose an auto loan quote because it has the lowest monthly payments. Consider several aspects like interest rates, loan term, APR, car loan conditions, pre-payment penalty, additional fees and charges, etc.

Once you choose a car loan quote, the lender will give you the check. It is generally valid for a limited period such as two or three months.

With a check in hand, you have the freedom to choose your favorite car. Truly, pre approved car loans are a perfect way of avoiding any unpleasant surprises in future. So, donít waste any time and apply for a pre approved auto loan today!

Make your car buying process perfect with pre approved auto loans. EZautofinance.net has a huge network of experienced lenders. This makes it easy for us to offer guaranteed instant auto loan approval. Apply now and get a pre-approved car loan today!


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Tue, Jul 1st - 1:27AM

Auto Loans after Bankruptcy make buying a Car easy

Chapter 7 or Chapter 13- Every bankruptcy is a very challenging situation. It causes embarrassment and financial troubles but it doesnít mean that you cannot buy a car. Many people think that they will never get auto loans as bankruptcy ruins credit scores. Thankfully, this is not true. Post bankruptcy auto loans are a boon for borrowers who have just come out of bankruptcy.

A bankruptcy stays on your credit report for ten years and so, it has such a huge impact on car loan approval chances. It is for this reason that you must work strategically in order to get a car loan. The key is to reduce the lenderís risk. If you are successful in lowering the lenderís risk, he will easily offer you an after bankruptcy auto loan.

How to Get Car Loans after Bankruptcy?

Patience is the Key

You filed for bankruptcy because you were unable to pay-off your debts. You certainly donít want to get a car loan with unbearable monthly payments. So, you must have patience in getting an after bankruptcy car loan.

There are many lenders who offer auto loans to people in bankruptcy. But, they often charge high interest rates. So, it is best to opt for car loans after coming out of bankruptcy. Once you have discharged bankruptcy, you get the opportunity of availing car financing at reasonable rates. You can lower your rates by waiting for two to three months. During this time, you must concentrate on increasing your credit score.

Employment and Income is Important

When the lender is ready to overlook your bankruptcy and bad credit score, he is taking a risk. If he considers your car loan application very risky, he will not offer lower interest rates. But, there is a way of reducing his risk.

If you have a stable job and regular source of income, the lender will be assured of regular monthly payments. This will help you secure a post bankruptcy auto loan without much difficulty.

Lenders also consider your income as an important factor for approving your post bankruptcy auto loans. If you are able to pay your expenses and still save, you will be able to make easy monthly car loan payments. So, lenders ask for sufficient income and a decent debt to income ratio.

Search For Lenders That Offer Car Loans After Bankruptcy

Traditional lenders and banks shy away from borrowers with post bankruptcy because they are considered a huge risk. There is no point in applying with those lenders who are going to reject your car loan application.

So, research and then choose your lenders. Apply with those lenders who are experienced in offering after bankruptcy auto loans. You can even go for online auto lenders. There are many online auto financing companies that offer affordable auto loans. They even offer auto loans after bankruptcy because they have a wide network of lenders and dealers.

Inexpensive Car

When you have a just come out of bankruptcy, you mustnít buy a new car. A new automobile is costly and will increase your car loan amount. Instead, choose a reliable used car. Donít forget to get it checked by your local mechanic.

Put Money Down

When you make a substantial down payment, you reduce the car loan amount and the lenderís risk. This prompts the lender to offer you lower interest rates and instant approval. So, start saving money for down payment. Usually, 10% -20% of the total cost of the car is enough. But, there is no harm in going for a higher amount.

Co-Signer Can Help You

Getting someone with a good credit score to co-sign your car loan contract reduces the lenderís risk to a considerable extent. Find someone who is ready to co-sign your after bankruptcy auto loan. A co-signer can be anyone from your parents, friends, or relatives.

All these points will definitely improve your chances of getting approval on auto loans after bankruptcy. These points will help in reducing the lenderís risk which means you will get reasonable interest rates.

A post bankruptcy car loan is a perfect way of buying a car. It will also assist you in building your credit score after bankruptcy. So, it is important that you take a well-thought decision.

EZautofinance.net is a reliable online car financing company that offers low rate bad credit auto loans. Our huge lender network helps us approve after bankruptcy auto loans. Apply now and begin your car journey today!

All the best for an after bankruptcy auto loan!


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