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Thu, Jun 29th - 1:04PM

New Jersey Driving Manual: Safest Cars for Teenage Drivers

Parents dread the day when their teenage kids first acquire their driving license. Then the questions start pouring in. Will they check their speed limit while driving? Will they make the appropriate turning signals? Is a specific car model the safest option out there for a teenager? The questions can seem to stress any parent, especially if you reside in New Jersey.

Safest Car Models for NJ Teenagers

Being one of the most densely populated and heavily travelled states of America, New Jersey is packed with highways. It is common to find numerous cars on the roads of New Jersey at any given time. It increases the probability of vehicular collisions and road mishaps, if the correct traffic rules are not followed. Therefore, to avoid road mishaps, teenage drivers should opt for the safest cars while purchasing a new car.

Which are the Safest Cars for Teenage Drivers of New Jersey?

Honda Accord LX Sedan

Amongst the top-rated sedans and the best selling cars, the Honda Accord LX Sedan sets the benchmark for safe cars. New Jersey is home to some of the largest roadways in America and maintaining road safety can become critical. The Honda Accord LX Sedan includes safety features such as forward-collision warning and lane-departure warning which be of great use to teenage drivers with little or no driving experience. Typically, a forward-collision warning detects an imminent car crash and a lane-departure warning notifies the driver if the car is moving out of lane. Other features of Honda Accord LX Sedan include automatic climate control, Pandora compatible audio system and 4-cylinder engines.

Hyundai Sonata SE

The Hyundai Sonata SE is amongst the best made luxury sedans. New Jersey is famous for its affluent population and when it comes to cars, the folks of the state indulge in luxury cars. Along with comfortable interiors, the Hyundai Sonata SE includes a total of seven air bags, including a driver seat knee bag. Enough air bags induce safety for teenage drivers who might have just started driving. Additionally, the Hyundai Sonata SE comprises of features like remote keyless entry, 7-inch touch screen and blind-spot detection.

Mazda3 5-Door

Along with a comfortable cabin design and good fuel efficiency, the Mazda3 5-Door is a hatchback car with a sporty outlook. With over fifty resort locations in New Jersey, a sporty car is a perfect fit for quick getaways. A striking feature of Mazda3 5-Door is the feature of a rear cross-traffic alert which detects if any car is crossing your rearward path. It acts as a safety guide for teenage drivers during backing out of parking. The Mazda3 5-Door also includes a push-button start feature and power-folding exterior mirrors.

Choosing a car for a teenage driver can involve a few comprises on budget and an image conscious model. However, safety is an important factor that should not be disregarded while purchasing a car for a teenage driver. With the rise in road mishaps in New Jersey, a safe car is the best fit for teenage drivers.

Have you got your driving license recently? If you are a teenage driver, you can obtain zero credit car loans with immediate assistance from Car Destination. The company is well-known for providing quick bad credit auto loans in New Jersey. Apply now.

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Thu, Jun 29th - 11:55AM

How to obtain Low Rate Auto Loans?

Buying a new car is never easy. A lot of information is required while searching for the best auto loan deals. Auto loans can be difficult to understand, but with a little homework, you can grab the best deal with low interest rates.

Do not be a Careless Car Buyer

When you enter the automobile market to buy a new car, you should look for auto lenders that provide quick approval, dedicated customer support and low interest rate. It is important to clarify your doubts before signing the loan contract. If you sign the loan contract without asking enough questions, you will have to accept whatever terms the lender offers to you.

Usually, car buyers look at the monthly payment amount and if itís low, they sign the loan contract. They do not even take note of the loan terms, interest rates or the actual price of the car. Remember that if you behave like a careless car buyer, you will end up with a high interest rate on the auto loan.

Beware of Loan Sharks

Avoid Loan Sharks

A loan shark is always looking for a victim. Usually, loan sharks are unlicensed money lenders. They provide little or no paperwork to car buyers. They donít even provide clarity to you about the interest rates on the auto loan.

On-Hand Advice for Finding Low Rate Auto Loans

Crucial Advice for obtaining Low Rate Auto Loans

1. Take your time to understand the different types of interest rates.

2. Itís important to know the monthly payments towards your car.

3. Calculate how much you're actually paying for the car.

4. Explore other auto loan deals.

5. Watch out for a loan shark. They may seem friendly at first, but borrowing from them is never a good idea.

6. Compare interest rates from other sources such as banks, credit unions and online auto financing companies.

7. Always know your credit score because a good credit score will fetch you a better interest rate.

8. Donít sign up for a longer auto loan term. It is because you will end up paying more money towards interest.

9. Be aware of the add-ons such as chrome plating wheels, wheel locks, seat-warmers, etc. When you purchase add-ons from the dealer, it gets added in the auto loan amount which means you have to pay more interest in the long run.

When you apply for an auto loan, you must consider several factors carefully and then, make a decision. It is important know the monthly payments as well as the interest rates before signing the loan contract. Remember that if you are careless car buyer, you will not be able to get a low rate auto loan deal.

With, you can enjoy low rate auto loans and make car buying affordable. Do not worry if your credit score is not good. You can opt for guaranteed bad credit auto loans and buy the car of your choice today.

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Wed, Jun 21st - 11:19AM

How to acquire a Higher Loan-To-Value Percentage on your Auto Loan?

Often while purchasing a new car, obtaining an auto loan that is equal to the value of your car can be tricky. The whole point of applying for an auto loan is to ease the financial burden in acquiring your new car. Therefore, it is best when the maximum amount of your cost is covered through the auto loan. Therefore, any auto loan with an impressive loan-to-value percentage is sought after.

So, what is Loan-To-Value Percentage and how does it work?

Technically, a loan-to-value percentage is the amount of the loan financed, relative to the value of the car. It is usually calculated by dividing the loan amount by the current value of the vehicle.

Under an ideal scenario, the loan-to-value percentage on all auto loans is below 100%.However, on a situational basis, lenders can extend loans up to 150% of the value of the car. For instance, assume you want to buy a car worth $50,000 and the loan-to-value percentage on the auto loan is 120%. It indicates that you still have $10,000 to spend on other expenses while you can easily cover the cost of your new car.

A lower loan-to-value percentage on an auto loan means a lower risk for the lender. However, there are a few ways to obtain a loan-to-value percentage which is higher than the value of the car you want to purchase.

What should you keep in mind to obtain a Higher Loan-To-Value Percentage?

  • A Clean Credit History

Good Credit Score is necessary for higher LTV

A squeaky clean credit history is by far the most essential factor in not only getting an auto loan, but also getting higher loan-to-value percentage. Without a good credit history, accessing an auto loan can be difficult and it might cost you a tad bit more. Therefore, it is imperative to maintain a good credit record as it is exceedingly important in acquiring a higher loan-to-value percentage on your auto loan.

  • Type of Car

Are you going to buy a new car or a used car?

Whether you are buying a new car or a used car, your repayment options and loan-to-value percentage on auto loan can greatly vary. Surely, buying a new car has its own set of benefits as you are backed by a warranty for a few years. Additionally, the loan-to-value percentage on used cars may not be absolute as against new cars. Therefore, an auto loan for a newer car can cover your loan completely and in some cases even extend it to an amount more than the cost of the car that you want to purchase.

  • Steady Income

Steady Income ensures higher LTV

The primary criterion for qualifying for an auto loan includes a steady income. For any lender, a steady income stands as proof that you are capable of repaying the loan amount in the given time period. Usually, lenders ask for payment stubs or bank statements to validate your income. With a steady income of the past few years, obtaining a higher loan-to-value percentage on your auto loan is possible.

Taking the above points into consideration, you get a clearer picture on how a loan-to-value percentage on an auto loan works and the factors you should consider so that you can bargain for a higher amount on your auto loan. Always carry out an extensive research and read the loan agreement meticulously before you decide on choosing an auto loan.

You can avoid down payment and reduce the chances of paying an upfront amount to the dealer by opting for higher loan-to-value percentage on your auto loan. Get in touch with Car Destination - A guaranteed auto financing expert and get approved for a higher loan amount instantly. Apply now; obtain a low rate car loan.

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Tue, Jun 20th - 12:50PM

Recognizing the Real Value of a Student Auto Loan

"Being second is to be the first of the ones who lose"

Student Auto Loans - Recognize the Real Value

The world is extremely competitive and your college is not spared from the high level of competition. If you want to win the competition and excel in your chosen field, you need to spend a considerable amount of time on studies and improve your grades. Also, you need to have a part time job to add comfort to your life. All these things ensure that you spend a lot of time in commuting between your college and place of work. It can take a toll on you because commuting is tiring as well as time-consuming.

Is there a solution to your Problem?

Solution to your Problem

The solution to your problem is a car. It will resolve your problems easily. Plus, it can help you in becoming efficient as well. A student auto loan can help you to buy a car with great ease. Here are some of the reasons why you should, without any hesitation, opt for a student auto loan:

  • Low Interest Rates

It is always difficult for everyone to manage their budget and keep aside money for monthly payments. And, it is definitely more difficult for a student to achieve the task because of limited income. The lenders know the situation of students and therefore offer lower interest rates to them. They understand your financial problems and so, they provide you with flexible loan options.

  • Additional Discounts

Lenders are always on a lookout for a potential credit borrower. They will always appreciate your loan application and help you obtain approval without any trouble. Moreover, showing your student ID will attract discounts.

Maintaining a decent GPA(Grade Points Average) is another way of attracting discounts. Your GPA shows that you are a serious student and stand a good chance in getting a well-paid job. Therefore, lenders will appreciate your grades and provide you with a higher LTV.

  • No Credit History required

Every lender knows that it is tough for you to establish yourself in the financial market. They will appreciate your initiative of applying for the no credit auto loan for students. They believe that a non-existing credit history is better than a bad one. That is why, they are lenient and understanding when you don't have any credit history. In short, they are ready to trust you and help you build your future.

  • Increase in Management Skills

A student auto loan should be considered as a tool for improving your managerial skills. It will help you to manage your budget, expenses and monthly payments effectively. Repaying the loan successfully will boost your confidence. It will also help you in job interviews. How? The answer is simple. Interviewers know that it takes a lot of courage and determination to manage a loan while studying. So mentioning about your student auto loan may earn you the respect of your interviewer.

  • Commute in Style

As a student, it is difficult to manage your college, home and place of work efficiently. Waiting for the public transport can become inconvenient for you. Plus, uncertain weather can add to your misery. So why not travel in style? Your new car can help you to commute in style.

  • Save your Precious Time

You can easily get a nice, decent job if you have good grades in college. And, maintaining your focus on studies after a tiresome day can be very difficult. Therefore, a comfortable commute can help you save your precious time. With more free time on your hand, you can give sufficient time to your studies.

  • Improve your Creditworthiness

Applying for a student auto loan marks your entry into the financial market. Repaying the loan responsibly will boost your credit score. Also, it will help you in obtaining other loans in the future.

A car is a more like a necessity than a commodity for students. And, buying a car with the help of a student auto loan will make things easier for you. So, recognize the real value of the loan and use it to take a positive step towards becoming a car owner. Buy a car and enjoy your college life.

If you are a college student who is looking to buy a car, special pre-approved auto financing for college students can solve your problem. Apply with CarDestination to enjoy guaranteed bad credit auto loan approval and buy your favorite car quickly.

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Tue, Jun 13th - 12:15PM

Are you credit-challenged? Consider a BHPH dealer

Are you thinking of buying a new car? Did you study the several sources available in the market for obtaining finance for your car? When you are in the car market, you will spend most of your time making sure that you obtain the best auto loan deal. It is because we turn to auto loans in order to buy a car that we want.

Are you a Credit-Challenged Person?

Who is a Credit Challenged Car Buyer

When you apply for an auto loan, you may have bad credit history or no credit score. A low credit score makes you a credit-challenged person.

A credit-challenged person is someone who has credit issues. It is possible that he may be denied auto loan approval from lenders, banks, and credit unions.

Is there any Option for buying a Car as a Credit-Challenged Person?

If you are a credit-challenged person, it is time to consider a BHPH dealer. BHPH stands for Buy Here Pay Here. A BHPH dealer is considered to be a last resort for people with bad credit, but you should make it your priority when other lendersí doors are closed for you.

In-House Auto Financing BHPH Dealers

BHPH dealers offer unique in-house financing program for people with bad credit. The car dealer acts as the auto financing company. And, the approval is guaranteed because the decisions are made by the dealer only.

Even though there is a thin line of difference between traditional dealership and BHPH dealers, the main difference lies in the shopping experience. If you opt for a traditional dealership, you have to choose a car and then go to a bank or a bad credit automobile financing company for securing the auto loan. On the other hand, a BHPH dealer can arrange the auto loan easily.

Help yourself with these Safety Measures before you approach a BHPH dealer

Safety Measures to consider before buying a car from BHPH dealer

  • If you are a credit-challenged person, your car-shopping experience may become stressful if the banks reject your loan application. So, it better to seek a BHPH dealer in order to expedite the car buying process.
  • Your credit score may be better than you think it is. So, first check your credit score and then decide on the source for obtaining a loan for your car.
  • If you are credit challenged, there are chances that you will be charged more for your car. So, it is important to negotiate with the BHPH dealer in order to acquire the best auto loan deal.
  • In order to avoid the situation of repossession of your car, you should remain aware of the rate of interest and the monthly payments offered by the BHPH dealer.
  • Select a dealer who will report your payment history to credit bureaus. It will help you in improving your credit score.

Additional Points to be noted about BHPH Dealers

  • If you have an address proof and a steady income, the approval chances for your auto loan improve phenomenally.
  • A BHPH dealer is subject to federal laws. So you can expect to be in safe hands.

The first thing that comes to your mind when you think of a BHPH dealer is his reputation. So the question here is: Are all BHPH dealers bad? The truth is all BHPH dealers are businessmen, who want to make profit in the car market. Not everyone will provide you with a shady deal. But, if you want to be a smart car-buyer, follow the safety measures before signing the loan contract.

A credit-challenged car buyer can make his car buying experience pleasurable by obtaining subprime auto financing. Apply with CarDestination to enjoy bad credit dealership financing and welcome home your favorite car.

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Tue, Jun 13th - 11:27AM

Why is a Pre-approved Auto Loan better than a Traditional Loan?

Do you remember the pain of abandoning your dream car because you couldn't get an auto loan approval? It is hard to let go the dream of buying your favorite car. However, times have changed with the easy availability of a pre-approved auto loan.

Why choose Pre-Approved Auto Loans

With a pre-approved auto loan, you can get a clear picture of the approved loan amount. Also, the lender will give you assurance of paying money as and when required. It means that the loan program will make car buying process a piece of cake for you.

Eligibility Criteria for a Pre-Approved Auto Loan

You need to submit your financial documents to the lender. He will examine your credit ratings and banking activities in detail. After inspecting your financial situation, he will provide you with an approved loan amount for buying a car.

Why opt for a Pre-Approved Auto Loan?

Pre-Approved Auto Loan is the Best Choice for Car Buyers

The following points justify why one should opt for a pre-approved auto loan rather than applying for a traditional loan:

1. Car Buying Process becomes Clear

After the lender assesses your credit ratings and banking details, you will get a clear idea of the maximum loan amount that he is ready to lend you. It makes choosing a car simple and clear. If your credit ratings are good and the lender approves you for a higher loan amount, you can buy your dream car.

On the other hand, if you apply for a traditional loan, you will have to choose the car first and then apply for an auto loan. And, if your credit ratings are not good, the lender may reject your loan application.

2. It saves Time

What if the lender approves for a lower loan amount than you expected? Donít worry! You can spend time in arranging money for the down payment amount. Applying for a pre-approved auto loan gives you adequate time for taking care of issues such as the down payment amount and the cosigner. Thus, it makes buying your dream car easy. The biggest problem with a traditional loan is that it doesn't provide you with enough time to make arrangements for the down payment amount. Also, you need to make quick decisions in choosing a cosigner. If you are unable to secure the down payment amount and the cosigner, you will have to abandon your dream of buying a car.

3. You can enjoy Low Interest Rates

Lenders offer low interest rates to car buyers who apply for a pre-approved auto loan. The reason is that they perform strict scrutiny on financial documents and approve loan application of people with low risk. As they are not worried about their investment, they are able to offer affordable interest rates. If you apply for a traditional loan, the interest rates will be high. It is because the loan program is not designed exclusively for you.

4. Luxury of Time

Once you get a pre-approved auto loan, you get an assurance of getting money according to your requirements. Therefore, you can wait for festive offers and enjoy additional benefits or discounts.

On the other hand, approval on a traditional loan requires time. There are chances that you may not be able to enjoy the festive offers and discounts because of the long duration of the loan process.

5. Negotiations becomes Easy

Getting a pre-approved auto loan is considered as having money in your hand. The dealer understands it and so, tries to sell you a car as quickly as possible.As you have an upper hand in the negotiation process, you can negotiate with the dealer and buy the car at low price. The negotiations in a traditional loan are not effective as the dealer is aware of the fact that you do not have money to finalize the deal.

6. Future Benefits

A pre-approved auto loan, if repaid punctually, also provides future benefits. Applying for loans in the future becomes easy if the lender knows you well. He will provide you with special interest rates and reduce the loan approval time as well. It is because he has reviewed your documents in the past and is well-aware of your financial situation.

When you apply for a pre-approved auto loan, the lender conducts intense research on your banking account and financial transactions. But once the scrutiny is over, you will get a picture of your situation and it will make the car buying process crystal clear to you. So, it is better to apply for a pre-approved auto loan than to spend time on a traditional loan.

A subprime auto financing is the best way of securing easy car financing for your dream car. Apply with CarDestination and get ready for zero down payment auto loan on your next car purchase.

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Tue, Jun 13th - 11:21AM

Online Auto Loan Calculator: Your Smartest Move before buying a Car

Buying a car on loan requires a careful evaluation of expenses as it may lead to a budgetary imbalance. If you are not aware of factors such as monthly payments, interest rates, term of the loan, loan conditions, etc., it can cause a financial disaster. But, do not worry because an auto loan calculator is one of the most important financial tools that can help you avoid the times of distress. If you use it, it can prove to be your smartest move as a car buyer.

Let us look into the Basics of Auto Loan Calculator- what, how and why?

What is an Auto Loan Calculator?

Auto Loan Calculator

An auto loan calculator is a tool which helps in calculating the amount of loan to be repaid. It also includes the interest rate, price of the car, term of the loan, the monthly payment amount and the additional car-related taxes that you have to pay to the local government.

It is available online and can be helpful at the time of negotiating with car dealers. Basically, it helps you to do homework before you step out of your home to buy a car.

How does it work?

Hpw does an Online Auto Loan Calculator work?

You can access the online auto loan calculator by visiting the websites of a car dealer or an online auto financing company. In order the find the total payable amount and the total interest amount, you will have to fill the following required fields:

  • The loan amount approved by the lender
  • The interest rate
  • Number of months

Once you provide the details, the total payable amount will be calculated in seconds.

Why to Use an Auto Loan Calculator?

Why to use Online Auto Loan Calculator

The foremost advantage of using the tool is the ease of calculating monthly payment. It helps to avoid confusion by letting you calculate your monthly payments in advance so that your expenses do not interfere in making regular payments.

It is difficult to compare two auto loan quotes on the basis of monthly payments. But, with the help of an online auto loan calculator, you will be able to compare each and every aspect of the loan quote. It will help you in choosing the best auto loan quote.

Last but not the least; a good auto loan calculator saves you time and money. You can request the lenders to send you loan quotes. It will help you to compare them online without the need of visiting several lenders and dealers for loan quotes.

So, before you set out to sign the loan contract, make sure that you do not forget to use the online auto loan calculator because it can be your smartest move as a car buyer.

CarDestination, the bad credit auto financing company, provides an online auto loan calculator to help you manage your monthly payments effectively. If you want to avoid down payment, you can apply for no down payment car loan and make a quick purchase.

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