Creating Communities. Connecting People
Welcome, Guest      Bookmark and Share
 
 
Tell a friend about this site Invite    
 
The Auto Loan Expert Ė The Key to buying a Car - RSS feed - Add to Google

Thu, Jun 5th - 3:57AM

Loans for Used Car Ė How a Bad Credit Buyer decided to buy a CPO Car?

Till Last Month

I have a problem, and it goes by the name of bad credit. It troubled me while buying a home. It is troubling me now when I want to buy a car. Is bad credit a taboo? Why lenders consider bad credit history a red flag? I made few mistakes in the past. I couldnít make regular payments. But, things have changed now. I have a good job that enables me to live a comfortable life. I have paid most of my debts. Still, no lender wants to help me buy my favorite 2014 Chevy Camaro.

Today

I own my favorite car that takes me to work. No longer waiting for the public transportation! Bye-bye, walking a couple of miles! I and few other colleagues carpool every day. We have become friends. I and my girlfriend can go places because we finally own a car. All in all, lifeís good!

How did all this happen?

Hi, my name is Alfred. My world changed from painful to pleasurable with just 2 words -ďCar Destination.Ē The company got me approved in just a couple of hours. Its online auto financing process is simple and stress-free. I filled an online application form, and the process was over.

Ron, Car Destinationís Pasadena representative called 2-3 days later and informed me about my loan approval. I was finally getting a car loan. He offered me a used car auto loan. I was determined to buy a brand new 2014 Camaro. I became depressed because I couldnít buy my favorite car. But, Ron explained to me that getting opting for such a large amount of loan would be dangerous for my credit score. If I were unable to make regular payments, I would further damage my credit score. Also, I had just started a job, and it was important for me to opt for safer loan programs. I was skeptic about buying a used car but, Car Destination showed me another way ĖCertified Pre-Owned Camaro.

Why did I say yes to the offer of Used Car Loans?

>> The Chevy Camaro Zl1 Convertible that I wanted to buy was available at $60,555. But, a Certified Pre-Owned 2012 model was just for $24,615. Low price of the car meant lower loan amount and affordable monthly payments.

>> The dealer offered me additional warranty on the CPO car. So, it was like buying a new car at the cost of a used one.

>> A new car comes with a higher down payment amount. And, this amount increases for a bad credit buyer. But, as the used cars are cheaper, I didnít have to pay much. I just paid $1500 as down payment.

So, these are my reasons for choosing a certified used car. It is cheaper than a new car and yet totally reliable. I thank Car Destination for helping me understand the benefits of CPOs. You not only offered me a reliable bad credit used car loan, but provided sound advice. It is because of you that I got affordable payments.

Car Destination is the perfect destination for your used car loan search. Get quick approval on used auto loans for bad credit. You just have to fill an online application form and the company will contact you with affordable loan quotes.


Comment (0)


Tue, Jun 3rd - 6:35AM

Manage Affordable Rates on Bad Credit Auto Loans Ė Hereís how you do it

Buying a Car Ė EASY

Buying a Car with Lowest Auto Loan Rates Ė IMPOSSIBLE

It is the story of every bad credit buyer in the nation. Today, every buyer with credit problem can get a car loan but getting cheapest rates is still a difficult task. Lenders and dealers will promise you lowest rates (as low as 2.49% for 6 year car loan) but provide shocking rates while signing the contract.

Hereís why

Lenders offer lowest rates for people with incredibly high credit score. Also, lenders charge higher rates from bad credit buyers because of the high risk factor. It means bad credit buyers should forget getting lowest market rates on auto loans. Instead, you should focus on lowering the loan rates that are available for you. You can still manage affordable rates. And, to get those rates you have to work hard. This way you will not get minimum rates but at least your loan will become much more affordable.

Hereís how

After years of experience in the sub-prime market, I have compiled the list of things that can help you get low rate bad credit car loans.

1. Make a car buying budget. Ensure that you donít go overboard.

2. You will need down payment and co-signer as additional support.

3. In case of no down payment, you can sell your old car or opt for trade-in.

4. Always, always and always search for a sub-prime lender and not a bank/traditional lender.

Hereís what you should not do

Few bad credit buyers commit these mistakes and end up ruining their credit score. Make sure you donít fall prey to such blunders.

>> Choosing an Expensive Car

Never buy an expensive car with bad credit history. It will increase your loan burden and cause harm to your credit score as well. Instead, opt for used cars as they are available at a lower price. This way you will be able to keep the loan amount under control.

>> Not considering your DTI Ratio

If you donít consider current debts before buying a new car, you are inviting trouble. It is because you may end up increasing your debt to such an amount that it will become difficult to repay. And, when you cannot make regular payments, your score will further deteriorate. So, do calculate your DTI and ensure that you donít have unmanageable debt.

So, this is how you can manage better rates despite your bad credit score. I understand that it looks hard but remember the words of Beverly Sills:

ďThere are no shortcuts to any place worth going.Ē

Car Destination gets you bad credit low rate auto loans in minutes. Get ready for lower rates on auto loans despite bad credit history. Apply now and enjoy 0 cost loan quotes.


Comment (0)


Mon, Jun 2nd - 1:51AM

4 Right Reasons to apply for Bad Credit No Money Down Auto Loans

Lisa was desperately seeking an auto loan, but her terrible score and financial inability to make a down payment were making matters worse. She took matters in her own hand and decided to improve her credit score. Thatís where she went wrong.

Henry was in the same boat as Lisaís. He decided to use all his savings for a down payment. He thought of applying for a title loan on his wifeís car. Even, he is headed for in the wrong direction.

If you are a prospective buyer in the automobile market and facing the same problems, you need to stop. Stop thinking about unrealistic measures! Stop thinking about putting your financials in jeopardy! Just STOP!

Donít go looking for alternatives that wonít work. You cannot improve credit score in a day. And, the interest rates on title loans can be sky-rocketing. Do not worry if you are in the soup. Car Destination brings to you an affordable alternative, and it is called Bad Credit No Money Down Auto Loans.

This auto financing program is specially designed for bad credit car buyers who cannot make a down payment or are unwilling to do so. This program is slightly expensive because it gives you the essential benefit of avoiding the down payment amount. Are you not convinced? Go through the 4 explanations to understand why paying bit higher monthly payments are cheaper than making down payment.

Right Reasons to apply for Bad Credit No Money Down Auto Loans

1) No Unnecessary Manifestation of Financial Capabilities

Car buyers with credit problems are required to make a down payment. This way the lender comes to know about his/her financial capacity. But, Car Destination doesnít require you to make a down payment. It believes that your regular income can provide a better picture of your current economic standing. So, there is no need to break your back for putting money down.

2) No Extra Dealerís Profit

When a dealer comes to know that a buyer is interested in making down payment, he purposefully marks up the price of the car to earn profit (from the down payment). He, then, directs some part of the down payment towards the loan amount. And, the remaining goes straight into the dealerís pocket. Thus, there is no point in making down payment because there is no major reduction in your loan amount. So, avoid putting money down with bad credit no money down car loan program.

3) Car Buying made possible despite Bad Credit History

Most traditional lenders and banks want a perfect risk-free auto loan application. They do not want someone with bad credit history. Add to it, the situation of zero down payment and they reject the loan request straight away. But, thanks to unconventional programs like bad credit no money down auto loans, you get the perfect opportunity of buying your favorite car.

4) An Opportunity to make your Score better

Most bad credit buyers make irregular payments because they are not able to make ends meet. But, with this auto financing program, you donít have put money down. And, as you donít have to part with your savings, you can use it to make regular monthly payments.

Donít you think bad credit no down auto loan program is better than opting for alternatives as improving your credit score and title loans? Donít make mistakes like Lisa and Henry because these mistakes will become sins for your financials.

Make a wise decision by choosing Car Destination for your next auto loan. The company has been making auto financing affordable for its customers since long. Join the huge group of satisfied customers by applying for bad credit 0 down car loan program.


Comment (0)


June 2014
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30          
prev   next

  • All Blogs
  • Messenger
  • Member Search
  • Who's Online
    WebRing Bloggers: 9271

    ONLINE:
    Members: 0
    Guests: 0

    Today: 3


  • Archives
    Recent Posts
    Feb 2018
    Jan 2018
    Dec 2017
    Nov 2017
    Oct 2017
    Sep 2017
    Aug 2017
    Jul 2017
    Jun 2017
    May 2017
    Mar 2017
    Dec 2016
    Nov 2016
    Oct 2016
    Sep 2016
    Aug 2016
    Jul 2016
    Jun 2016
    Aug 2014
    Jul 2014
    May 2014

    What's New | Popular | Auctions | Blogs | Webspace | Discuss | ShopDragon | Newsletter | Powered by R360 | Contact Us
    Copyright © 2001-2012 WebRing®, Inc. All rights reserved. Terms of Service - Help - Privacy Policy