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The Auto Loan Expert – The Key to buying a Car - RSS feed - Add to Google

Thu, Dec 1st - 4:04AM

Why Should You Opt For Dealership Financing?

If you are scanning through used cars or new cars for your next purchase, there is a good chance that you may choose auto loans as your preferred option of financing. Due to the current state of economy, not many potential car buyers pick cash payment for the purchase of their new car. Majority of the drivers opt for auto loans. There are numerous ways of obtaining finance for the purchase of your new car, some methods being simpler than the rest. Dealership financing is one of the preferred methods that not only helps you in getting a tailor-made auto loan, but also eases the whole process of acquiring a new car.

How is Dealership Financing different?

Typically, a dealership financing is when the dealers extend a loan to their customers. Simply put, dealership financing is an in-house financing method wherein either; the dealer will himself finance the auto loan or find an auto loan for you by visiting banks and credit unions, ensuring that you get the best loan. Usually when you shop around for cars, it becomes an added task of finding a lender for your auto loan. A dealership financing is different with regard to its aspect of keeping the transaction strictly between the buyer and the dealer, thereby making the whole process a lot simpler.

What are the Reasons for choosing Dealership Financing?

  • Convenience

Convenient Dealership Financing

One of the best parts of choosing dealership financing is that everything that you need for the purchase of your car is available under one roof. In a usual case scenario, you might have to make rounds between the dealership lot for choosing your car and the third-party lender for obtaining an auto loan. However, with dealership financing, the process is simplified as your dealer becomes your lender. It is convenient in the sense that you can choose the car of your liking while arranging the auto loan, all at the same place.

  • Flexibility

Dealer's Finance guarantees Flexibility

Accommodating a tailor-made auto loan that suits your needs is another feature of dealership financing. As dealership financing consists of a more realistic approach, dealerships often provide flexibility in auto loans. It means that you can have flexibility in choosing a budget for your car as well as deciding the monthly payments of your auto loan. Although every lender makes sure that you do not miss out on your auto loan payments, a dealer presents you with additional financing options that are flexible according to your needs.

  • No Discrimination on the Basis of Credit Score

No Discrimination Policy

Ideally, a dealership financing is an arrangement between you and the dealer to ensure that you make monthly payments comfortably. Thus, while negotiating for the finance of your car, the dealership will take into consideration a lot more than just your credit score. Therefore, if you want to buy a car with poor credit score, you can still stand to get your auto loan approved. Also, it can prove to be a credit booster as you are availing a loan with a low credit score.

Dealership financing has its own set of benefits. From arranging a deal that can put you in a position to afford your monthly payments, boosting your credit score and getting you the car you desire, a dealership financed auto loan may just be what you need.


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Tue, Nov 29th - 4:20AM

3 Laws to follow for selling your Car in Indiana

Selling a car is a long process. Many a times, providing incorrect paperwork can lead to delays in the process. The major reason for providing incorrect paperwork stems from the unawareness of the laws. Indiana is the 38th largest state by area, amongst the 50 states of America. Additionally, in the year of 2009 the total number of registered automobiles in Indiana was 3.14 million. The numbers point towards the ever-increasing market for selling cars in Indiana. However, before you decide to get rid of your old car in the Hoosier State, make sure that you have proper knowledge of the laws prevalent in Indiana.

1. Provide Bill of Sale

Indiana Bill of Sale

It is a legal document that ensures proof of ownership. Typically, a bill of sale contains data such as the name of the buyer, purchase price of the car and its description. According to the laws of Indiana, you are required to provide the document while selling your car. Additionally, you need to fill in the details of the bill of sale in the Form 44237.

2. Disclosure of Condition of the Car

Provide Full Disclosure of the Condition of the Car

Mentioning the present condition of the car is an ethical way of selling it. The laws of Indiana emphasize on submitting a written application that discloses the condition of the car. It reveals if the car is salvaged or rebuilt. The law applies to cars manufactured in the last seven years. In case, you decide to withhold the information from the buyer, he is eligible to file a lawsuit against you to claim damages in the future. Thus, it is a good idea to provide adequate information to the buyer.

3. Provide the Car Title

Example of Indiana Car Title

A title certificate is an important document that is required for selling your car in Indiana. Without a title certificate, the process will stagnate. If your original title certificate is lost, stolen or broken, you can apply for a duplicate title for the car. You can obtain it from Indiana Bureau of Motor Vehicles. Once you have applied for a duplicate title, you are required to produce the following things:

1. Form 205 pertaining to the application of title registration,

2. A photo identity proof,

3. An amount of $8 fee which is payable to Indiana Bureau of Motor Vehicles.

Often while selling a car, we tend to forget the basic law requirements of the state. It can make the selling process difficult and lengthy. So, do not forget the laws prevalent in the state of Indiana and enjoy a comfortable process.

Are you interested in buying a new car? If you want to become a proud owner of a new car, do not wait till you get rid of your old car. Apply with CarDestination, the auto financing company that makes pre-approved car loans possible for everyone. Get in touch today for quick sub-prime car loans in Indiana State.


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Tue, Nov 22nd - 4:03AM

Military Auto Loans: What sets them apart from Regular Loans?

‘Freedom doesn’t come for free. It requires bravery and sacrifice.’

An individual serving in the military forces is a great hero of our nation. It is a matter of pride to serve the nation and be responsible for the millions of lives.

Auto Loans for Military Personnel

Individuals serving in military are appreciated for their extraordinary work but they too have ordinary needs such as buying a car. If you are military personnel and want to buy a car, military auto loans are tailored to suit your financing needs. The loans can make buying a car easy and provide comfort to your family while travelling to different places.

Why are Lenders lenient towards Military Personnel?

Being in military inevitably puts you at a big advantage and it gets you much better loan deals. So what makes your loan application look good? The answer is simple. It is your steady income and rock solid job security.

There is one more reason. Lenders are more lenient towards you because they understand that you have to stay away from civilization for a long period of time. Therefore, it becomes difficult for you to establish a good credit score in the traditional way. So, lenders go easy on you when they consider your application for the loans.

What makes Military Auto Loans different?

When you are serving the nation, you are the one who is different from the rest. So lenders provide you with an auto loan that is different from the regular loans. So what sets military auto loans apart from other loans? The answer lies here:

  • You don’t have to save a big amount for buying your new car. Lenders allow you to buy a car with a smaller down payment.
  • You get the benefit of long repayment periods and low monthly payments.
  • With the convenience of internet, it becomes easy to locate lenders who specialize in military auto loans.
  • The loans are not only offered to those who are in active services of the military forces but even retired personnel are eligible to apply.
  • You get flexible terms and conditions.
  • Even when you are stationed abroad, you can apply for the loans and buy a car for your family.

So when you have done an exceptional work for the nation, lenders provide you with exceptional benefits. Military auto loans give you benefits which no other regular loans provide. So, apply for the loans and give a comfortable life to your family.

CarDestination.com provides pre-approved auto loans to help military personnel buy the car of their choice. Apply with the reputed loan expert to enjoy no money down car financing.


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Mon, Nov 21st - 4:44AM

3 Regulations to consider while selling your Car in Wisconsin

While many of us may like to hang on to a car for a long time, there comes a time when we eventually have to sell it. The reasons to sell your car may be plenty. Some may wish to sell it because it’s worn out while others may want to invest the same money elsewhere. Whatever the reason, once you have decided to sell your car, considering a few regulations that will benefit you in making the whole process a lot smoother. According to the reports of 2009, Wisconsin had more than 2.53 million registered automobiles. The statistics only point towards the ever increasing demand for cars and the huge opportunity to get the best selling price for your car.

Follow Regulations for Selling Car in Wisconsin

Follow Regulations for a Smooth Car Selling Process

It is essential to consider the following Wisconsin regulations while selling your car in the state:

1. Complete the Transfer of Title

In order to sell your car, you need to ensure that the transfer of the title of the car is made successfully. According to the laws of Wisconsin, you can only sell your car if the title of the car is under your name. If it is either missing or damaged, you will have to apply for a duplicate title at the Wisconsin Department of Transportation. You will have to fill the replacement title application (Form MV2119) in order to obtain a duplicate title. Once you have received the title, you can move ahead with the process of selling your car in Wisconsin.

2. Disclose Accurate Brand Information

A brand disclosure is an essential element that you should consider while selling your car. It gives the buyer the required information so that he/she can make an informed decision. Consider the following different brand titles that your car can receive:

  • ‘Rebuilt Salvage’ -Your car will be allotted the title if it is salvaged and the damage is more than 70% of its market price.
  • ‘Flood Damage’– You will receive the title if your car was flooded and the damages total up to 70% of its market price.

During the selling process, if your car has any kind of brand title, it is mandatory for you to share the information with the buyer. In case, you withheld such information, you can be penalized up to $5000. Therefore, make it a point to disclose the correct information while selling your car in Wisconsin.

3. Submit Odometer Mileage Statement

Prior to selling your car in Wisconsin, you need to submit a statement of the current odometer mileage. An odometer mileage reading measures the total number of miles that the car has travelled. If your car is less than ten years old, you are required to submit the statement. Every seller should submit it to the Wisconsin Department of Transportation.

Selling your car is an important step. Keep the above regulations in mind while selling your car in Wisconsin. It will ensure a smooth car selling process and enable you to buy your next car easily.

If you are interested in buying a new car in Wisconsin, do not wait till you sell your old car. Apply with CarDestination.com for guaranteed auto loans in Wisconsin. Enjoy immediate approval on bad credit auto loans.


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Sat, Nov 19th - 9:03PM

Cosigner- A Helping Hand for Quick Auto Loan Approval

With the rising delinquencies, one thing is sure, the lenders have become skeptic about lending money to people with credit issues. Now, they are more cautious regarding their investments and need an assurance before lending money to anyone.

A Cosigner for your Auto Loan Application

Does it mean that a person with low FICO score or zero credit history won't get an auto loan? Of course not. The credit borrower only needs a helping hand in the form of a cosigner to support his loan application. So, let’s get enlightened about a cosigner and how he will affect your loan application.

Who is a Cosigner?

A cosigner is a person who signs the loan documents along with the credit borrower. He is obligated to pay for the auto loan if the credit borrower fails to repay the borrowed amount.

The lenders see a cosigner as a guarantee for regular loan payments. That's why; having a cosigner by your side will support your loan application positively.

When do you need a Cosigner?

When a credit borrower has credit issues such as a bad credit history, a zero credit score, repossession in the past, etc., the lender will be reluctant in approving his loan request. He will require a cosigner to provide guarantee of regular monthly payments.

If you fail to make timely payments or decide to avoid them, the cosigner will have to shoulder the responsibility of the loan amount and he will have to pay it to the lender.

What are the Eligibility Criteria for a Cosigner?

A person with a very good credit history and a high FICO score is considered as a strong contender for becoming a cosigner. A friend, a family member, a neighbor, etc. is eligible to become cosigner for your auto loan.

Remember that the cosigner must be enlightened regarding the loan terms and payment schedules. And most importantly, he should support your loan application willingly.

What are the Advantages of having a Cosigner?

  • Your loan application will get approved easily as the lender will enjoy the necessary trust and with the help of the cosigner.
  • Despite your credit issues, the lender will provide you with low interest rates because of the cosigner.
  • Making timely payments will boost your credit score and put an end to your credit issues.
  • The lender will not scrutinize your financial details and raise unnecessary queries.
  • Getting auto loan approval becomes easy.

A cosigner is a helping hand that will ensure quick and definite auto loan approval. So, find someone who can become your cosigner and apply for an auto loan without any tension.

Having a cosigner has its perks. But, do not worry if you do not have a cosigner. CarDestination, the company that provides bad credit no money down auto loans also works with people who are unable to find a cosigner. Apply for no cosigner auto loans and get loan approval quickly.


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