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Mon, Oct 24th - 1:00AM

Buying A Used Car Is Good For Your Financial Health

Smell of a New Car isnít always the best.

The next big purchase after your house is a car. But, when you want to manage your finances responsibly, buying a brand new model may be an unnecessary expense. The price of a new car is extravagant and other things such as DMV fees, add-ons, etc. increase its cost. When you are thinking of making a purchase, look beyond the sale price and consider the total cost of the product. It will give you a better idea of your total spending.


Used Car is a Good Option to Choose for your Financial Health

An Oldie but a Goodie!

On the other hand, you can always buy a used car because it is affordable. And, if you opt for a model that is not more than two years old, it will help you to save cash without sacrificing on quality.

Follow the Checklist Today to avoid the Blame-Game Tomorrow!


Checklist for Buying a Used Car

Before you buy a used car, it is better to tune out the distractions and focus on the task at hand. It is your responsibility to check the vehicle properly. And, a checklist is a good way to assess its condition. Consider the following things before making a purchase:

1. Is it easy to get in and out of the car without banging your head?
2. Is there enough headroom and legroom?
3. Are the seats adjustable and comfortable?
4. Check the rear-view mirror and the side-mirrors. Look for potential blind spots.
5. How old are the tires?
6. Are the brakes doing their job?

Buy a Used Car: Save Money


Buy a Used Car and Save Money

Buying a used car will not affect your financial health in a negative way. Instead, it will enable you to become a proud car owner at an affordable price. Apart from savings, you will also get to enjoy the following benefits:

Low Price Tag

It is less expensive compared to a new car. Low price tag allows you to buy a reliable model. You can enjoy the pleasure of driving a comfortable and reliable vehicle by remaining in your budget.

Low Depreciation Rates

Once you drive a brand new model out of the dealership lot, its value will drop immediately. A car loses value with each passing month. But, when you buy a used car, you will be able to enjoy the benefit of a low depreciation rate.

Low Sales Tax

When you buy a used car, you have to pay the sales tax. But, as the value of the car is low, the sales tax amount reduces phenomenally.

Avoid paying Money for Add-Ons

New car buyers think it is necessary to install add-ons. They are nothing but useless things that cost you money. They donít increase the resale value. If you buy a used car, you can avoid paying extra money for add-ons.

Low Insurance Rates

The age of the vehicles affects the insurance rates. Insurance rates are low for a used car making it a good option for a buyer. And, low rates can add up your savings over a few years.

New cars smell great, but how much is that scent really worth? Buying a brand new model is a really expensive affair. It can harm your financial health. If you want to make a sensible purchase, consider buying a good-quality used car. You might have to spend a little extra time in finding a used car in good condition. But, with all the additional benefits, you will thank yourself for making the decision.

Buying a car is an emotional decision for car buyers. But, you must make a sensible purchase by applying for used car auto loans. EZAutoFinance is premier financing company that doesnít shy away from providing low income auto loans. You can contact the company if you are looking for no down payment auto loans as well.


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Sat, Oct 1st - 6:57AM

No Credit Check Auto Loan: All That Glitters Is Not Gold

The moment you think of buying a car, you will have to consider your credit score. If you have a bad credit score, many well-wishers will suggest you to apply for a no credit check auto loan. It is considered as the ideal way of buying a car when your credit score is weak.

Quick loan quotes and simple approval criteria are few of the biggest perks of the loan. Also, another benefit is that lenders do not undertake any kind of intensive background check before approving your loan. But, is a no credit check auto loan beneficial for you? Remember that not every ornament is made of gold and it is unwise to make a decision on the basis of appearances.

Every Coin has Two Sides


Every Coin has Two Sides

When you have a bad credit score, it may seem that lenders have shut their doors for you. If you think that there is no lender to help you out, you might consider applying for a no credit check auto loan. But, before you act on your decision, consider the following points:

Question of Legitimacy

You need to provide your social security number and bank account information to the lender for checking your credit score. By checking it, he will be able to ascertain your creditworthiness.

When you apply for a no credit check auto loan, the lender will not demand your social security number. It is because he doesnít need to check your credit score. But, if a lender asks for your confidential information, be cautious. He may not be a legitimate lender. And, there is a high probability that he will steal your identity and use it for illegal purposes.

The Issue of Down Payment

The lender assumes a high risk by approving your loan request without a credit check. So, he asks for a high down payment amount. So, before applying for a no credit check auto loan, you have to be ready for making a down payment of a sizeable amount.

The Loan Term

A no credit check auto loan often comes with a long term. Car buyers consider it ideal without thinking of the results. They forget the fact that a long term means making more payments towards the interest amount. But, you must think of it before approaching a lender.

Consider the Math

If you are ready to pay high rate of interest on the loan, you can get approved easily. The interest rates are set high. It is because it allows the lender to earn profit even if you fail to pay off the entire loan amount.

Break the cycle

In order to increase their business, lenders search for desperate car buyers who believe that they have zero financing options. But, before you apply for a no credit check auto loan, conduct thorough research. Do not think that there is no solution to your problem. The loan may not serve your purpose of buying a car with affordable interest rates. It may prove to be a tempting option, but remember that appearances can be misleading. So, it is wise to read and understand all the paperwork before you sign the dotted line.

When you want to apply for a no credit check auto loan, consider your situation thoroughly. EZ Auto Finance is a dedicated loan specialist who will help you to obtain quick low income auto loan quotes. Buy your favorite car today.


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