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Tue, Oct 25th - 5:53AM

Low Interest Rates on Auto Loans: It Can Make Your Life Pleasurable

Every person borrows money on credit. A loan on your name marks your progress. It also shows your appetite towards a luxurious life. Thanks to the lenders, borrowing money for a new car isn't difficult at all.

Make Your Life Pleasurable with Low Interest Rates

Although, what bothers people are the interest rates that the lenders charge. The interest rates are inversely proportional to your credit rating. It means the higher your credit score; lower will be the interest rate on the auto loan.

What are the Benefits of obtaining Low Interest Rates on Auto Loans?

Let’s understand how low interest rates on auto loans can leave you tension-free and make your life pleasurable.

Benefits of Low Interest Rates

You can buy Expensive Cars

You can buy expensive and luxurious cars without any worry. The reason is simple. As you get low interest rates, you need not take tension of a large down payment in order to minimize the loan amount.

So, you need not to worry about saving up too much money for the down payment. Just pay a nominal amount and obtain an auto loan for the remaining amount.

You won't end up paying more Money

Let’s take an example to understand the number game easily.

For a loan of $10,000, with an interest rate of 15% for 10 years, you pay a total amount of $19,360.19. It means you pay more than $9000 in the form of interest. If the interest rate reduces to 6%, the total amount will come down to $13,322.46.

It is simple to understand how the total payable amount differs with a simple change in the interest rates. Hence, become a credible and punctual credit borrower. In return, you will be able to enjoy low interest rates on your next loan.

Lenders will trust you

Every company values a genuine customer. If you make payments regularly, you will never face any difficulty in getting an auto loan. Lenders will stay in touch with you and provide you with special discounts as well as cash benefits for buying a car.

Your punctuality will earn you respect and trust of lenders. They will understand your situation and provide you with other benefits such as relaxed lending terms, higher LTV ratio, etc.

You can apply for Multiple Loans

The best thing about low interest rates is that you can apply for multiple auto loans without any tension. Whenever you feel lik buying a new car for your family member, you will have no problem in getting approval from a lender. Also, you will be able to make the purchase at affordable rates.

Nobody likes to borrow less money and pay more in the form of interest amount. So your priority should be to lower the interest rates. And, here’s how you can achieve your goal:

1)Always keep a check on your credit score–It is a crucial measure for lenders that enables them to judge your credibility.

2)Convey your sincerity - Be confident when you face the lenders. Also, try to convey your sincerity by explaining your plan of making regular payments.

3)Never miss payments – Making payments on time is the key to become a good credit borrower.

4)Be on the move- Your credit behavior determines your growth. So, apply for multiple loans, make payments regularly and do not let your bank account sit idle.

5)Do you have a low FICO score?–You should start by applying for an auto loan of a smaller amount. Repay it on time, build your credibility and carefully nurture your credit score. Make payments regularly and improve your credit ratings. In return you'll be able to enjoy low interest rates on your next auto loan.

Considering the interest rates is a very important aspect of the car buying process. Remember that low interest rates on auto loans can make your life pleasurable. So, strive hard to convince the lender and ensure that you he provides you with a better deal.

When it comes to obtaining low rates on auto loans, choose the reputed auto financing company of Fast Auto Loan Approval. It has a record of providing easy auto loans to people with low-income. Apply now to enjoy buying car without down payment.


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Sun, Sep 25th - 5:41AM

Why choose a Dealer for a Successful Car Buying Journey?

“It’s not about the destination; it’s about the journey”


Start a Successful Car Buying Journey

When you walk out of the house to buy the car of your dreams, it is better to plan out your journey. Discover the options from where you can make the purchase. You can either buy a used car from a private seller or a new car from a dealer. You can even choose the dealer for buying a certified pre-owned car to ensure its quality.

How can a Dealer help you in finding a Car?


Dealer can help you in finding your Dream Car

A dealer can be a pillar of strength in your quest of buying a car. You can enjoy many benefits by choosing a dealer. Let us have a look at some of the benefits provided by him:

>>When you opt for a licensed dealer, he will do all the legwork of obtaining the title for your car.

>>He will provide you with a statutory warranty that you cannot obtain from a private seller. In addition, he will also assist you with extended warranties.

>> He is considered as a one-stop shop for buying a car because he not only sells cars but also helps you with the auto loan and insurance part of the deal.

>>He is a car-expert. And, he can suggest you a model that suits your needs and budget.

>>He even offers maintenance facilities to keep your car running smoothly long after you have taken the delivery.

Precautionary Measures

“Beware of little expenses. A small leak will sink a great ship.”

The famous saying by Benjamin Franklin is true when you are buying a car from a dealer. Dealers employ experienced salespeople who have a bag of tricks designed to increase the profit. If you are not aware of the tricks, you will end up paying more for the purchase. Here are a few things that you should consider before visiting a dealer’s lot:

1. Do not be a Clueless Car Shopper

A dealer loves having a clueless car shopper. When you are not aware of what the price of the car should be, you will be unable to negotiate it with the dealer. So, it is advisable to find the average price of the car that you want to buy and then visit the dealer.

2. Be Wise, Cost-Wise

Take a careful look at the cost. A dealer boosts his profits by selling all sorts of accessories and add-ons. Such things increase the total cost of the car. So make a wise decision of avoiding them. And, if you are interested in buying add-ons, you can get the same things for a lesser price outside the dealer’s lot.

3. Confirm the Car

Sometimes, he advertises a car with a great price, but when you show up at the lot, he informs you that it is out of stock. Then, he tries to sell you an expensive vehicle. In such a case, call the dealer prior to visiting and confirm the availability of the car that you wish to buy.

4. Avoid the Errors

Errors in the paperwork are very common and the irony is that they are always beneficial to the dealer. So make sure that you review the paperwork thoroughly before you sign the dotted line.

If you want to make your car buying journey successful, you have to be cautious while buying a car. It is necessary to research and obtain facts before making a decision. But, it doesn’t mean you have to be suspicious of everything that the dealer says. Remember that when he sells a car, he is putting his reputation on the line. So, the last thing he wants is an unhappy customer.

Have you selected a car at the dealer’s lot? Now, you can get an auto loan without down payment and make car buying process affordable. Fast Auto Loan Approval provides auto financing for low income car buyers and ensures that a car becomes a reality for everyone.


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Sun, Jul 31st - 9:15PM

Loan Shopping: Compare and choose the Best Financing Option for buying a Car

Buying a new car is not an easy decision. It is an expensive thing to buy after a house. You can buy a car with cash or consider several financing options available in the market. When you are looking for a car, one of the smartest moves you can make is to compare financing options just as you compare car models.

What Financing Options are available in the Market?

‘You may be running out of options, but running away from making a decision isn’t an option.’

If your credit score is bad or your loan application is weak, do not think that you cannot buy a car. There are many financing options available with you. You can compare the following options and choose the best option for you:

1. Car Loan


Car Loans from Banks

A car loan offers flexible terms and it is easy to obtain. A bank or a financing company pays the full price of the car. And, then you have to pay off the lender or the financing company in the form of monthly payments. Usually, the loan is approved on the basis of your credit score and income.

2. Personal Loan


Personal Loans

If you do not want to use car as collateral, personal loan can be the right choice for you. It is an economical way of financing a car. While obtaining a personal loan, the only condition is that you should have a good credit score. You can get the loan from a local bank or a credit union.

3. Leasing


Leasing a Car

If you opt for leasing, you do not own the car until you have made the final payment. Leasing enables you to use the car, while the financier retains actual ownership of the vehicle. People opt for it as it offers fixed monthly lease rentals and affordable interest rates.

4. Dealership Financing


Dealership Financing

The only thing to remember while obtaining dealership financing is that to do research. Check your credit score and ask for quotes from several dealers before making a decision.

Dealers love lazy car buyers who do not do their homework. Keep in mind that there is no point in bargaining a good price for the new car if you are going to opt for a poor financing deal.

5. Online Auto Financing Companies

It has become easy to get approval on a loan with the help of internet. Online auto financing companies offer a second chance to bad credit borrowers and help them buy a car. When you apply for loans with an online auto financing company, you get the advantage of quicker approval with fewer documents.

Loan Shopping is as important as Car Shopping

Loan shopping is a wise decision. Sometimes, it is the only way you can find a lender who will work with you. Keep in mind the following quick reminders because they will help you to have a better loan shopping experience:

  • You should have knowledge of the different financing options that are available in the market before you choose one. It is wise to contact several lenders to find the best loan at the best price.
  • Different lenders offer diverse terms. If you want to get better terms, then do your research.
  • For a better loan shopping experience, it is important to improve your credit score.
  • Pay attention to the amount of monthly payments and be sure if you can afford the same.
  • Don’t forget to look at the Annual Percentage Rate (APR) as it takes into account the interest rate and other loan charges.
  • Before you approach a dealer, decide the financing option that you would like to opt for buying a car.

Few people can afford to buy a car with cash. Luckily, a lot of financing options are available in the market. Do not say yes to the first financing option that you come across. Instead, compare different options and find the best one that suits your needs.

FastAutoLoanApproval.com is the perfect solution to your auto loan tension. The company provides bad credit auto loans without down payment. Get approved instantly without worrying about your credit score. Apply now and get approved for online auto financing today.


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Tue, May 24th - 8:18PM

Certified Dealer: Why is it the Go-To Option for buying a Used Car?

If you are looking to buy a car for a strictly functional purpose and not as an investment, a used car is the right choice. Why?

Certified Dealer: Why is it the Go-To Option for buying a Used Car?

One of the reasons why more people are buying used cars is the freedom from the worry of that first parking-lot dent or the fading sheen of its doors. You simply have to drive the car you bought and not worry about its depreciation like you would have to if it was a new car. You can buy used cars from two sources primarily:

1. Certified dealers
2. Private party

Private Deal isn’t always a Good One

A private party could be anyone from a family member to a colleague to a person you ran into on the street. It means anyone who wants to sell their car. You may think of choosing to go this way to save a few bucks because buying a used car from a private party is cheaper than buying it from a certified dealer.

But, buying from a private party does not guarantee a trouble-free experience. It involves too much risk because of the following reasons:

>>You may end up with a stolen car.
>>The warranty, if you’re given any, may not really be as assuring as offered by a certified dealer.
>>The odometer may not really show the exact number of miles the car has traveled.

Trust and Safety

The least you deserve when you pay with your money is good product and peace of mind regarding the purchase.

A certified dealer, apart from being a trustworthy option to buy your car, will often give you great deals on roadside assistance and maintenance. He will also provide you with an extension in the warranty. Safety is a priority with dealers. If the car you buy from them is in need of a new part, they will help you to replace it with only genuine parts.

Smart Buy

It does not mean that you need not be cautious while walking into a certified dealer’s lot. A dealer is running a business, so to cater to as many customers as possible; he may try to rush your decision. And, he may pressure you into buying a car that you do not really want to buy. You need to remember that the buying power rests with you. And, you should only buy a car that you like.

In going to a certified dealer, the biggest risk is getting a car you did not really want. You can avoid the risk by being aware of your options and having an estimate ready in your mind. If you know exactly how much money you want to spend on a car, the purchase becomes easy.

Research

You can always refer to NADA Guides and Kelley Blue Book in order to get the right price for a used car in your area along with other information for any model that you want to buy. Researching on your own before you walk into a dealership is never a bad idea.

If you go into the dealership already aware of the expected warranty and cost of the used car model you want to buy, you cannot make a wrong decision. Choose a certified dealer, work out the specifics, and you will have a car which will last a long time in your care.

A used car is a great choice for car buyers who are looking for an affordable auto purchase. You can opt for used car loans and buy a reliable used car without co-signer. Apply with FastAutoLoanApproval.com to enjoy incredible loan options such as no cosigner auto loans.


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Sat, May 21st - 6:21AM

Applying for Post-Bankruptcy Auto Loans: Infuriating, But Not Impossible

Filing for bankruptcy is the clearest declaration of financial trouble. It fills your schedule with a tedious court process and your credit rating takes a hit. It is an ugly mark which does not go away easily. Also, it means you will have trouble getting an auto loan.


Applying for Post-Bankruptcy Auto Loans: Infuriating, But Not Impossible

Types of Bankruptcy

You can file for either a Chapter 7 or a Chapter 13 bankruptcy. A Chapter 7 bankruptcy entails that you have little or no money, and your capacity to pay back debts has been seriously hurt. A Chapter 13 bankruptcy encourages reorganization. The court comes up with a plan for you to comfortably pay back your debt based on your current income.

Stigma of Bankruptcy

A chapter 13 bankruptcy stays on your credit report for 7 years. But, if you have filed for chapter 7 bankruptcy, it will remain on your credit report for a decade. Lenders understand that bankruptcy will leave a stain on your credit score for a very long amount of time.

They understand that even though bankruptcy means rough conditions, it does not completely erase your ability to pay back an auto loan. In fact, if you successfully battle and come out of bankruptcy, it is seen as an example of your resolve and strength.

Practical Tips

1. Have Realistic Goals

Do not expect to qualify for huge auto loans right after completing bankruptcy. The most practical way is to select a car that is not unreasonably expensive. Get a co-signer, a parent or a spouse/partner preferably, and be confident while pitching the idea to them. Present the lenders with proof of the co-signer’s financial stability and good credit score.

2. Gainful Employment

Lenders find it extremely reassuring if you have a steady job at the time of loan application. Even if you have filed for bankruptcy, knowing that you make a firm amount of money regularly and that you are gainfully employed makes it more likely for them to trust you with the auto loan amount.

3. Spending Decisions

Take an honest look at the reasons you had to file bankruptcy in the first place. If you have an uncontrolled spending problem, try to consciously spend less money and use it only on necessities. Make a budget and stick to it for your own well-being.

4. Pay Attention to the Details

If your application shows a clear sense of financial responsibility on your part, lenders will have fewer issues with the auto loan and the interest rate. Lenders charge a high rate of interest on a post bankruptcy auto loan because it has a higher risk associated with it.

All this goes to say one thing: be careful while applying for a post-bankruptcy auto loan. Be honest with the lender, plan out in advance, put forth a strong case, and consider all the conditions before agreeing to take the loan. It is infuriating but it is not impossible.

With FastAutoLoanApproval.com, getting a post-bankruptcy auto loan becomes easy and affordable. Do not worry about your credit history. The company will find you low rate Nebraska auto loans and ensure that you buy the car of your choice quickly. Apply now.


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