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Mon, Sep 22nd - 7:48PM

What Reasons make us Love our Cars?

"I am emotional about my car."

"I have spent so much time in finding the perfect car."

"I have a name for it and love bragging about it. I simply love my car."

A car is not just an invention for us, but it is our passion. We cannot stop adoring it. We are proud of our car because:

1. It Saves Time

"One can get his money back, but can never get back his time."

A car is a great invention because it helps us in saving time. You can reach your work-place faster in a car because it doesn't have to make mandatory stops like a bus/train.

Also, cars prove to be convenient in medical emergencies. You don't have to wait for an ER van or a police car because your car will take you quickly to the nearest hospital.

2. It offers Flexibility and increases Mobility

If you own a car, you don't have to rely on public transportation. You can travel to far-away places at your convenience. You no longer have to organize your work, shopping and holiday according to the fixed schedules of a bus/train. Truly, a car provides absolute freedom and that's why we admire it.

3. It improves Social Status

"The cars we drive say a lot about us." - Alexandra Paul

Cars are important to us because our social status is attached to it. They are a part of the Great American Dream. We feel like a celebrity when we own a luxurious high-end automobile. People will know that you are a man/woman of affluence by taking a look at your car.

4. It helps the Economy

The automotive industry is accountable for 3.5% of America's GDP. It is an important industry for the nation because its product consumption provides a lift to the manufacturing sector. Without the automobile industry, it is difficult to imagine the survival of other manufacturing industries. Another benefit is employment. For example, car and part manufacturers directly employed 897,300 in July 2014. So, whenever you buy a car, be proud of yourself because you are helping the economy.

5. It is the Only Alternative

Many cities have insufficient public transport facility which creates great inconvenience to people. If you are living in such a city, you don't have any other option but to buy a car.

In a nutshell, cars have become an essential part of our life. It will never be a humble mode of conveyance for us. It will always hold a special place in our heart.

Fast Auto Loan Approval brings the gift of low rate car financing to American car lovers. Obtain guaranteed auto finance with bad credit history. Apply now for obtaining bad credit no money down car loan program.

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Tue, Sep 9th - 3:37AM

Donít become a Loan Delinquent Ė Use these Tips and stay on Top of your Bad Credit Auto Loan

Automakers were able to sell16.5 million automobiles in July 2014 because of auto loans, particularly bad credit auto loans. But, there is a negative side to this phenomenon. The auto loan delinquency rate is also rising with the increase in bad credit car loan approvals.

According to Experian Automotive, the 60-day loan delinquency rate has increased to 0.62% of borrowers from last yearís rate of 0.58%. It means there is an increase of $859 million in the balance of delinquent loans since Q2 of 2013.Also, there is a minor increase in 30-day delinquency rate. It grew to 2.39% from 2.38% meaning $2.8 billion increase from the previous year.

One thing is clear from this data that even though lenders are offering easy approval on bad credit auto loans, it is becoming a bit difficult for sub-prime borrowers in handling the loan. It is because people are taking advantage of the relaxed lending norms without considering their financial situation. If you are thinking of obtaining a bad credit auto loan, you must consider these tips:

Your Need or Your Desire

Do you really need a car? Is it something that is necessary to sustain and improve your life or is it just a craving? It is very important to differentiate between your needs and desires. Donít apply for a bad credit auto financing program if you donít need it. There is no need to assume unnecessary financial burden because it can cause harm to your credit score.

Calculate your Savings

Before searching for a car, you must sit down and calculate your savings. If you know about your total savings, you can use it for any unexpected future expenses. This way any unanticipated problem or expense wonít create any trouble in making repayments in the future.

Detoxify your Home

It may seem like a weird advice, but it is very useful. By detoxifying your home, I mean getting rid of unwanted things. Sell them on ebay or any other reputed website. You can even organize a yard sale and raise money for down payment. Trading your old car is also a good way of removing junk and reducing the car loan amount.

Planning your Financials

When you take a bad credit car loan, you accept the responsibility of making regular payments. So, it is important to prepare for payments beforehand. If your loan term is going to be five years, plan for the entire term. Know your expenses and increase your income if you are planning for a wedding or a vacation during the loan term. It will help you in staying on top of your payments.

Many lenders will offer you quick bad credit auto financing, but you have to repay it for getting better rates in the future. You have to make sure that you donít fall behind on payments because it will increase the chances of repossession and pose great risk to your credit score. So, follow these tips before submitting your car loan application.

Remember to look before you leap!

Fast Auto Loan Approval will help you in finding low rate bad credit car loan program and save you from late payments. Contact the company by submitting an online auto loan application form today. No money down bad credit car loan option is available.

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