Creating Communities. Connecting People
Welcome, Guest      Bookmark and Share
 
 
Tell a friend about this site Invite    
 
New Auto Loan without Cosigner for First Time Car Buyers or Students - RSS feed - Add to Google

Wed, Nov 29th - 11:31AM

Going Beyond Monthly Payments: Learn about Hidden Car Costs

The celebrations of Thanksgiving and the upcoming preparation of Christmas can leave you with little or no time for sorting your shopping list. When you start with car shopping, it can be easy to get excited by the new models in the dealership lot. A sunroof and plush leather seats are great features that make a car luxurious. However, if you are realistic, you would focus on greater fuel efficiency and a car big enough to encompass your whole family. Always remember the direct relation that your automobile choice will have on your monthly payments. Many of the online cars selling websites suggest that you should spend only 20% of your take-home income on monthly payments.

Car Related Costs that increases your Expenses!

  • Maintenance Woes: Is a Used Car Worth it?

The lingering question in any car buyer’s mind is whether to go for a used car or a new car. You should consider the maintenance costs, which are usually higher for a used car than a new car. The elements that make up maintenance costs are largely dependent on the availability of the car parts and the type of automobile. Internet portals can help you in calculating the approximate maintenance charges based on the make, model and year of production. Moreover, a used car is comfortable on your pocket but is costly to maintain in the long run.

  • Registrations & Taxes: Is there a way to estimate?

Although registration and title fees are not hidden costs but they may be unknown to a first-time car buyer. Also, registration fees appear to be minimal but they occupy a significant share in the total car expenditure. Every state levies different sales taxes on the purchase of a car. Additionally, the price of the car also plays a role in deciding the payable tax amount. For instance, the sales tax in Connecticut is 6.35%. It is 7.75% for vehicles costing above $50,000. Taxes on out-of-state vehicles are adjusted according to the state in which you purchase the car. Keeping check of the registration fees and sales tax will go a long way in correctly estimating your costs.

  • Fuel & Parking Spots: Insignificant or Worthy?

Many people overlook the recurring charges of fuel and parking that increase your costs. Finding a safe spot to park your vehicle in New York can be as costly as the amount of rent in Florida. You should decide your vehicle by looking for the estimated miles per gallon and ascertaining the estimated annual fuel cost. Some vehicles may burn fuel more quickly than other fuel-efficient cars. Your cost is also affected by the state you live in. One gallon of gas in California will cost you more than one gallon of gas in Texas. Thus, in your calculation of budgeted payments, do not miss out on garage and fuel costs.

See the Bigger Picture: Consider All Car Related Costs in Advance

Various costs are included in a car purchase apart from the regular interest rates, down payment and price of the car. Looking beyond the micro expenses will help you to correctly understand the money that will go out of your pocket over the long run. Be aware of the different attached costs and better your experience of buying your dream car.

When you buy a car with bad credit, you need the right auto financing partner who provides you with accurate information. Trust RapidCarLoans.net to obtain low interest rates, affordable loan terms and bad credit California auto loan approval without any hidden cost. Apply now to obtain guaranteed auto loan on your next car purchase.


Comment (0)


Sat, Nov 18th - 9:40AM

The Most Important Car Buying Advice that you shouldn’t ignore

The magic of cars is such that we forget everything when we think of choosing our favorite car. Individuals give deep thought to the manufacturing brand, features and colors of the car. But, amidst all the frenzy, they often forget about one important thing: Choosing the right lender.


640x480

What Kind of Lender is the Best Choice for you?

When you decide to buy a car, who helps you seal the deal? The salesman at the dealership lot helps you finalize the details of the contract however it is the lender who makes buying a car possible. It is essential to remember that not every lender in the market can and will help you. So, choose wisely.

  • Choose Experience

Selecting a lender is same as selecting a partner for a game. If you select an individual with wide experience of the game, your chances of winning increase. Similarly, an experienced lender means you enjoy higher chances of approval. If he has worked with different credit seekers and different dealerships of your area, he will be able to ensure quick completion of the loan process.

Check the lender’s years of service. Do not work with someone who is new in the business, especially if you are buying a car for the first time or you have credit issues. When your requirements are special, you need special attention which only an experienced lender can provide.

  • The Need of Reliable Service

You want to finish the loan process as early as possible and bring home your car. So, you need a reliable lender with a reputation of closing the deal on time. If he delays the loan process, you may lose out on a good deal at the dealership lot. The dealer may sell your favorite car to another buyer, leaving you high and dry. So, make sure to work with a lender who knows what he is doing. Check his reliability by talking to others in the community. Take recommendations from people who have made a recent car purchase.

  • Large Network is Nice

Banks, credit unions and other traditional lenders work alone. They do not partner with different lending agencies to help individuals in obtaining a loan. Working with such a lender can reduce your approval chances. If he rejects your loan application, you may lose out on the deal. So, it is wise to choose someone with a large lender-dealer network.

Usually, online auto financing companies partner with different lenders and dealers of a particular area. It gives them an edge over traditional lenders. It allows them to offer better approval chances. Also, you may get a chance to pick among different deals according to your preferences. So, instead of choosing an individual, choose a network because more people mean more approval chances.

The Right Lender is an Asset!

Obtaining financing means you are assuming liability. And, if you make the wrong choice, it may result into a disaster. So, choose a lender who can be your asset and help you to obtain the best deal. Contact different lenders in your area, research online, seek recommendations and then make a well-thought decision. Remember the right lender will help you in fulfilling your dream of buying a car, and the wrong one can turn it into a disaster.

Choosing the right lender can make buying a car simpler. It is wise to spend time in finding a reliable lender to see you through the finish line. If you have bad credit history, make sure to search for an experience subprime car lender. Having a trusted financing partner will ensure that you enjoy guaranteed auto loan approval and low interest rates.


Comment (0)


Wed, Nov 8th - 5:47AM

Cash Crisis: How to get an Auto Loan when you are Paid in Cash?

Earning a decent amount of money is imperative for survival. However, when you are buying a car it can become a challenge to assemble documents related to income. Little or no income verification leads to complex regulations and stricter auto loan approvals. It can affect freelance workers or people who are self-employed or people who are paid in cash. Even people who receive tips other than their usual income may face a similar situation. As there is an absence of W-2 wage and tax statements, it becomes difficult to validate the income. However, with enough preparation and the right guidelines, you can obtain an auto loan even if you are paid in cash.

Strategies to get An Auto Loan when you are paid in Cash

Here are a few strategies that you should keep in mind while preparing to get an auto loan when your income is paid in cash.

1) Usage of Tax Returns

Tax returns are the proof record of your income. As tax return measures your gross total income, it serves as a reliable source of income proof. Additionally, the tax returns of the past two years can act as an estimate of the money you would make in the current year. If you haven’t listed your tips in the tax returns, it may not reflect your real earnings. And, it can cause a problem. Therefore, make sure you maximize the opportunity to use your tax returns properly in order to increase your creditworthiness in the eyes of the lender. Additionally, use your bank statements to showcase your financial stability.

2) Build Good Credit Score

A good credit score opens the doorway to auto loan approval. Paying off your current liabilities and debt is a good start to set your credit score on the right path. Make a habit to borrow only what you can comfortably repay, minimalize your credit limit and make timely payments. Good credit score reflects your effort to be disciplined and sincere about payments. Once you have built a good credit score, obtaining an auto loan for your dream car will become simple.

3) Go for a Short Term

The term of an auto loan is an important element to ascertain creditworthiness. The longer the term on the auto loan, the higher the interest rates and greater the chances of missing out on payments. A shorter term on an auto loan indicates that you are capable of making the necessary payments within the stipulated time frame. Thus, a short term will instill a sense of your creditworthiness and help you in gaining faster approval for the auto loan.

4) Get a Cosigner

A cosigner is the support system that helps you through the auto loan process. As a cosigner agrees to make payments on your behalf, in the case that you do not make payments, a lender feels secure to give out the auto loan. Additionally, the good credit score of a cosigner adds to the creditworthiness and helps you to obtain the auto loan at a faster pace. Therefore, make sure you seek out a cosigner with a good credit score and valid income, employment and residential proof.

It is possible to buy a Car when you paid in Cash

Buying a car is an inevitable necessity in this time and age. If you are paid in cash and do not have W-2 wage and tax statements, there are numerous ways to still obtain an auto loan. Bank statements, tax returns and invoices can serve as important elements to prove your creditworthiness. With the right set of guidelines, effort and cleverness, you can achieve the auto loan for your next dream car.

RapidCarLoans.net offers bad credit guaranteed auto financing to car buyers of America. Do not worry if you are paid in cash. If you can provide us with proper income proofs, we will approve your loan application in no time. Get in touch with the company to enjoy low rate auto loan options today.


Comment (0)


Fri, Oct 27th - 12:27PM

How Subprime Auto Crisis is affecting Bad Credit Car Buyers?

The changing trends in the auto industry prove to be beneficial to a handful while dangerous for the rest. Bad credit is an inevitable mark on your credit report that requires work to turn it around. The subprime auto crisis is a recent scenario that brought about a wave of sad information for bad credit car buyers. Prior to plunging into the know-how of how the subprime auto crisis will hit bad credit buyers, it becomes imperative to understand the event, scrupulously.

What exactly is the Subprime Auto Crisis?

TransUnion is an esteemed credit bureau agency that publishes the ‘Industry Insights Report’ every quarter. The report talks about the shifting trends with regards to the auto industry. The Q1 Industry Insights Report indicated certain points of concern. The biggest takeaway from the report was that the volume of subprime and deep subprime auto loans has decreased since 2016. A subprime credit score is considered below average, ranging from 500 to 600. In comparison to 2016, there has been a 5 percent rapid decline of subprime auto loans in the first quarter of 2017. Higher number of auto loans is given out to creditworthy customers with a good credit score and favorable credit history. Therefore, the bad credit auto buyers have taken a hit and will require taking appropriate steps in order to buy their dream car.

Are Bad Credit Car Buyers affected? What can they do about it?

1) Competing with Better Credit Scores

The bad credit car buyers will have to compete with the good credit and average credit car buyers. The average credit score for a new car rose from 712 to 717, while the used car average credit score rose to 652 from 645. The incremental credit score will require increased efforts to fill in the gap and rise above the subprime score. A bad credit car buyer can start by paying off all the past loans and clearing his/her debt. Additionally, applying for a bad credit auto loan will help in finishing the car buying process quickly.

2) Set Realistic Goals

A used car is a realistic goal than attaining a brand new car. The subprime crisis means fewer auto loans are getting approved and credit score is the biggest deciding factor. Meeting the mark of a used car is practical as it has a lower average credit score requirement than a new car. A used car will attract lower interest rates and serve your purpose of owning a car. Ensure that you give a hefty down payment to your dealer as it will reduce your loan amount and assist you in enjoying low interest rates. Do not forget to take complete advantage of the increasing supply of the old model used cars and negotiate a price that suits your wallet.

The Bottom Line: Dealing with Subprime Auto Crisis requires Patience

An effective method to deal with any crisis is to take a small step to figure out a solution. Eventually, a few small steps turn out to be a trail of well-crafted answers that pull one out of the crisis. In the past, subprime auto crisis has taken a severe hit on the bad credit car buyers. However, with correct tactics, hard work and enough patience, a bad credit car buyer can purchase his/her car without worrying about the credit score.

Got bad credit? Do not worry. RapidCarLoans.net is here to help you out. Work with the subprime auto financing company to buy a car of your own. Apply now for bad credit car loans guaranteed approval and ensure easy car buying process.


Comment (0)


Wed, Oct 11th - 7:00AM

What is the best time to trade-in your old car?

When you think about trading your car, a million things cross your mind. The process of estimating the correct value and finding the right car to trade-in can become tedious. An old car comes with its set of repairs and expenses. Often, it becomes confusing to estimate the appropriate time to trade-in your old car. However, numerous factors are essential for optimizing its sale value. Obtaining the maximum value for your car is like hitting the iron while it is still hot. With the right set of guidelines, you can easily pre-decide the correct time to bid adieu to your old car for a new one.

Which factors are detrimental in shaping the best time to trade-in your old car?

1) Current Debt

The current debt on your car plays a significant role in deciding the correct time to trade-in your car. Its ideal time is when you have made more than half of the payments on your auto loan. Additionally, you can receive a good amount for your old car as a low debt indicates a strong sense of finance management.

2) End of the Year

Ideally, a good time to trade-in your old car would be during the end of the year. It is because most new car models are released in January. Right before the launch of a new car, dealerships wish to get rid of the previous car models. Usually, dealerships offer good discounts on unsold car models in order to create sufficient shelf space for the new models. If you trade-in your car before the launch of a new one, you will be positioned in a good place to bargain and negotiate a price that fits your budget.

3) The Age

The best way to figure out the usage of your car is to measure the total number of miles. A good time to trade-in your old car would be when your car has travelled 50,000 miles. In order to obtain the optimum value for your car, you should trade-in when the odometer reads a total of 30,000-40,000 miles. An odometer reading of up to 50,000 miles is ideal as the car would have suffered from low damages and would be in a good working condition.

4) Safety Requirements

When you face issues of safety while driving, it is a good indication to trade-in your old car. A new car serves as a reliable option as opposed to an old car that is prone to breakdown. A vehicle report prior to trade-in can heighten your chances of obtaining a better value for your old car. Make the necessary repairs and bear the damages so as to make the most of your trade-in deal.

Trading your old car is not a tedious task. Figuring out the correct time is all it takes to get the optimum value for your old car. With a few right steps, market knowledge and research about the auto industry, you can receive the best price for your trade-in.

Even if you are trading your old car to buy a new one, you need an affordable auto loan to make the purchase. Work with RapidCarLoans.net to obtain guaranteed auto loan approval on your next car purchase. Submit your loan requirements for special no money down car loans if you are looking to buy a car with bad credit.


Comment (0)


November 2017
      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: 9270

    ONLINE:
    Members: 0
    Guests: 0

    Today: 2


  • Archives
    Sep 2017
    Aug 2017
    Jul 2017
    Jun 2017
    May 2017
    Mar 2017
    Feb 2017
    Aug 2016
    Jun 2016
    Feb 2015
    Oct 2014
    Oct 2013
    Aug 2013
    Jul 2013
    Jun 2013
    Dec 2012

    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