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Choosing the Right Used Car for Your Family

When you have a family, shopping for used cars suddenly becomes a little more difficult. After all, you want the safest, most convenient, most efficient option to ensure your family’s having the best possible experience when you’re on the road. We’re here to ensure you’re getting exactly what you need when searching for your ideal used vehicle, but it’s always worth your time to do a bit of planning before you visit any dealer’s lot. If you’re searching for a car that’s suited for your family, consider the following criteria:

Size

The first thing you should think about concerning any family vehicle is size. If you have a small nuclear family with 1 or 2 children, it may be fine to buy a simple coupe or four-door car. However, it’d be a challenge to fit 4 or more children into these tight spaces. If your family is a large one (or you plan for it to be a large one at some point) it may be a better idea to invest in a minivan, SUV, or another ride that has more space.

Accessibility

Next, consider the age of the children you’ll have on board. If they’re young enough to require a car seat, the last thing you want to do is select a small, 2-door car. These cars are great for efficiency, but fitting a car seat into the back is nearly impossible, and creates a huge struggle every time you need to head out for even the simplest errand.

Safety Features

Any family car should be complete with safety features such as air bags, strong seat belts and more. However, if you want to be extra-safe, you may be able to choose used vehicles with rearview cameras and other features that increase your visibility while you’re on the road.

Keeping these things in mind while letting us show you around the lot can help us to better match you to your ideal used cars, so you drive off of our lot truly happy with your new purchase.

Common Troubles When Buying a Car

Owning a car can offer you plenty of exciting opportunities in life. When the time has come to invest in a ride of your own, it is important that you consider all of the finer points before you make your decision. There are a few obstacles that you are likely to see when you go about the process of trying to buy a used vehicle. Though these can seem difficult to deal with at first, there are many ways to make the most of the situation and get the car you desire.

Financing

One of the biggest issues that you are likely to face when purchasing a vehicle is financing. Cars are not cheap and that means you need to have a solid plan for how you plan to pay for the endeavor. Many people decide to take out a loan to help in this situation. While this is a great move, it can also be problematic if you don’t have great credit. Lenders typically deny the applications of potential borrowers who have poor credit. Fortunately, there are options for these borrowers.

Loan Options

Bad credit car loans are a type of loan designed for borrowers who do not have ideal credit scores. Even with low credit, you will be able to apply for a loan like this and have a much better chance to being accepted. The loans tend to come with higher interest rates, so it is best for you to sit down and figure out exactly how you plan to repay the loan before you sign any agreements. If you can come up with an easy method to pay back the loan in the specified time, it can help immensely.

Purchasing a used car can open up many doors for your future. To get the most from this process, be sure to consider all of your financing options. Explore how a car loan with bad credit works and see if this choice can put you behind the wheel of the car that you have your eye on.

What to Know About Used Cars

When looking at used cars for your next vehicle there are a few things you might want to consider. These factors can help you narrow down your options to find the right car for your needs. Continue reading to learn more.

 

Car History

 

Many dealerships can offer you a history about the used cars they are selling. This can allow you to see if there is anything that concerns you and ask how these things were taken care of before you buy. Your sales associate should be able to look at the history and let you know what, if any, parts were replaced and how the vehicle performs when compared to the dealership’s standards for sale.

 

Mileage

Mileage can be important when considering a used car. Not only can it tell you how often a vehicle was driven when compared with a car’s age, but it’s a good indicator for what type of service the vehicle will need at its next appointment. You can also use the mileage to calculate a vehicle’s fuel economy which can be another important factor for many people.

 

How it Drives

It’s important to test drive any vehicle you’re seriously considering purchasing. This will give you a feel for how it accelerates, turns and stops, so you can see if it’s a good fit for your driving style. You should also be able to get a feel for the seat and visibility, as well as how any controls operate. You should feel comfortable operating any vehicle you use on a regular basis.

 

When selecting from the used cars available consider these factors and how important each is to you. Your dealership should be able to provide you with the car’s history so you can get a feel for its performance. If fuel economy is important to you, you may want to check out the vehicle’s mileage. Last but not least don’t forget a test drive so you can see how it feels to be behind the wheel.

Tips To Get a Great Deal on Your Car Loan

You’re in the market for a new car, and you know you’re going to need to financing. What steps can you take to be sure you’re getting the best deal? We have a few tips and tricks to help you get started.

 

Know Your Credit Score

 

Your credit score is a huge factor in determining your Annual Percentage Rate (APR), which influences how much you will end up paying by the end of the loan. Knowing your credit score will give you an idea of where you stand when it comes to financing. There are many websites where you can find your credit score for free, such as Credit.com.

 

Look Over Your Credit Report

 

Your credit score is a number that represents how creditworthy you are, and is determined by analyzing your credit history. A credit report is the actual documentation of your credit history, and includes personal information such as name and address, as well as information on your current and previous accounts. It’s important to be familiar with your credit report since it’s entirely possible that there may be an error in your information. If you find such an error, you can file a dispute with the credit bureau from which you obtained the report and get your information straightened out. You don’t want to miss out on a great rate because of a processing or reporting error.

 

Aim for a Shorter Term

 

When applying for car loans, you’ll find that the term length can really affect how much you end up paying by the loan’s end. A longer term usually means a lower monthly payment, but that means you’re paying interest for longer. Instead, figure out the shortest affordable loan term, and know that even if the monthly payment is higher, you’re saving money in the long run.

 

Financing a car can be a complicated process. Being prepared can help you find that great deal on a car you love.

Reasons to Consider Financing Your Car Through the Dealer

As you’re preparing to buy your next car, you’re probably considering your financing options. Before you dismiss bad credit car loans or dealership financing, educate yourself on their advantages. When it comes to dealership financing, you and your bank account might be better off going with a car dealership rather than a bank. Here are a few reasons why:

 

More Options

 

Searching online on your own for financing is sure to uncover a massive list of options and lenders, but you still might not discover all your choices. Dealers have their own connections and sources, ones you may not even be aware of, ones that could be a better fit for you than the lenders you discovered conducting your own research.

 

A Win-Win Situation

 

When you allow a dealership to provide you with financing, there is just as much for that dealership to gain as there is for you to gain. There’s additional profit to be earned by the dealership, and it’s entirely possible you can net a lower interest rate and a lower payment by financing through the dealership. This also means that dealerships have more of an incentive to help you find the absolute best deal, so you might as well take advantage of this fact.

 

Financial Peace of Mind

 

You likely have several financial obligations to juggle throughout the month. Even if you’ve structured your budget so that you can easily handle a monthly car payment, you’re unlikely to argue with having a lower payment and interest rate than you budgeted for. Dealership financing could give you just that, providing you with extra money you can save, invest or spend elsewhere as you so choose.

 

Don’t be so quick to dismiss having a dealership take care of your car financing. Taking a few minutes to see what they have to offer you could open your eyes to saving rather than open your wallet to spending more than you’d like.

How To Get A Car Loan With Bad Credit

Lenders offering bad credit car loans are all over the place. The problem is that many of these businesses tend to be less than trustworthy. Their terms are often predatory and can ruin your car ownership experience.

 

If you’re looking for a car loan and your credit is less than stellar, we recommend you take these initial steps to find a loan that works best for you.

 

First Things First

You need to make sure you know your credit score. Don’t assume your score simply because you think your credit is “bad”. By knowing your score you’ll be able to use online tools to get an idea of the type of loan terms to expect when you do start shopping around.

 

Don’t Be Afraid To Shop

Be sure to shop around for terms that are good for you. Even with a low credit score, some places will will be able to offer you better rates than others. However, you should be leery of lenders who only work with individuals with poor credit as that can be a sign of predatory practices.

 

Use Existing Relationships

It’s easy to sit in the comfort of your home and fill out applications online at various lenders. However, it’s best to start with local organizations that you have a relationship with as they may be more willing to offer you better rates.

 

Work With Your Dealership

Dealerships usually have relationships with lenders who work with individuals with poor credit. While many people prefer to use a third-party lender, we may be able to work with you to get you the right financing based on your budget and payment goals.

 

As you look for your next loan, the most important thing you can do is start your search early and be as thorough as possible. Bad credit doesn’t have to be what keeps you from getting your new car.

Quick Bad Credit Car Loans for Customers

When it comes to bad credit car loans, a lot of customers think a car is out of reach. It’s not. With on-site approval and a compassionate, dedicated team, car ownership is possible for everyone. It doesn’t matter if a customer’s credit score isn’t perfect. I’d like to take a few moments to explain some of the factors behind how we extend credit to customers with less-than-perfect credit.

 

Size of Down Payment

Down payments can help lower the overall interest rate. By putting down money toward the purchase price of the car, customers can often get lower interest rates. However, a zero down payment does not preclude customers with lower credit scores from getting the car of their dreams.

 

Length of Loan Term

The length of the loan term, that is, the amount of time a customer has to pay back the loan,

With more cars staying on the road in great working condition for years and years, a longer loan term isn’t something to worry over.

 

Availability of Cosigners

Someone with better credit can cosign on a loan. This often helps customers with lower credit get a better rate or secure bad credit car loans. By having a cosigner, the customer is demonstrating that another person believes in the customer’s ability to repay the loan.

 

History of the Borrower

Even with bad credit, customers who have steady employment for two years and a low debt-to-income ratio are eligible for car loans. This means that a rough patch in customers’ past won’t haunt them forever. Life happens and improved circumstances can help increase getting a same-day loan.

 

No matter what a customer’s credit, bad credit car loans are available to customers as part of their car buying journey at our dealership. We offer many solutions to getting keys to customers the same day they walk into the dealership, regardless of imperfect credit.

Top 4 Loan Mistakes to Avoid

Is it your first time buying a car? Have you bought a car and been burned in the past? This happens to the best of us. With these tips though, you can learn what not to do when applying for car loans.

 

Focusing on Monthly Payments

 

One mistake that many first-timers make is focusing too closely on monthly payments rather than the full cost of the loan. Keep in mind that if you have a high priced car, then lower monthly payments may have you paying more in the end. It can be difficult to get out from under a loan that is too large after it has accrued interest.

 

Forgetting to Check Credit Score

 

Before you go to the dealership, you want to know your credit score. This will help you to make an informed decision on your financing. While we will look into your credit history, you should also be aware of it. This will help you negotiate and work with us.

 

Forgetting to Budget

 

Like most financial decisions, you have to pay attention to your budget. How much can you afford every month? Will you be able to sustain the payments over a long period? Do you have stable employment? These are important questions to ask before you go out to purchase a car. You don’t want to make a big purchase and try to fit it into the budget after.

 

Finding the Car First

 

While you might want to look at cars first, it could be a better option to find out what kind financing options are available to you. Once you have some idea of what you can afford, then you can make sure that you’re looking within that price point.

 

When you arrive at the dealership, keep these tips in mind. A lot of first time car buyers and even seasoned car buyers make these mistakes and it can end up costing them.

Tips for Getting the Best Car Loan

Shopping for a new car can be exciting, but figuring out how to pay for it is often less invigorating. A car loan is the standard way to pay for your next vehicle, but all loans are not created equal. There are several ways to ensure that you get the best car loan you can.

 

Know Your Credit

 

Before you even start shopping for a car, know your credit rating. The higher your score, the less of a credit risk you are considered to be. While car loans do not usually require as high a credit score as other loans, such as a mortgage, a higher score can help you get a good interest rate. If your credit score is not what you would like it to be, consider taking some time to build it before you need a car loan.

 

Budget and Negotiation

 

Know how much you can afford to pay per month before you start negotiating the terms of the loan, but do not use your desired monthly payment as a negotiation tactic. Focus negotiation on the price of the car itself. This can help protect you from a longer loan term, which just pads the lender’s pockets with interest.

 

Check the Contract

 

Make sure that everything you and the dealer agree upon verbally is written into the loan terms before you sign it. If you have a variable interest rate, figure out what the highest monthly payment could be, and make sure it is within your budget. If you intend to pay your car loan off early, be sure that the contract does not include penalties for doing so.

 

Getting a car loan can be complicated, but planning ahead can help. Your car loan will be a part of your life and your budget for a few years, so it is in your best interest to make sure your dealer offers you a loan that works well for you.

Should You Lease Your Next Car?

Buying a car is a significant purchase, so it’s a good idea to determine if car leasing is a viable option. Many people prefer this alternative because they get a new car every few years without having to trade in or sell their old one. Here are some things you should know if you are thinking about leasing your next car.

 

Lower Monthly Payment

 

In many cases, the monthly payments for a lease are lower than for a new purchase. This is because the initial payments of the lease go towards the depreciation of the car. Therefore, if you were to lease a vehicle for three years, you would be paying for less than its full value.

 

Smaller Down Payment

 

Most car leasing agreements have a lower down payment and fees than owner financing. In some cases, you may pay lower sales tax, since it is based on the amount of the monthly payment rather than the value of the vehicle. This should save you money on upfront costs.

 

Mileage Requirements

 

If you spend a lot of time driving, things could get expensive. Most lease agreements have a mileage limit of 10,000 to 15,000 miles. If you exceed this number, you could be required to pay an additional amount per mile. In some cases, you can negotiate the fee or mileage limit before you sign the agreement.

 

Wear and Tear

 

You may need to take extra care of your leased vehicle. If the car gets scratched or the kids stain the interior, you could be subject to wear and tear fees. In some cases, this could amount to three months’ worth of lease payments.

 

In the long run, buying a car is a more economical option. However, if you are not planning on keeping your vehicle for a long period of time, car leasing might be the better choice for you. In any case, be sure to calculate all of your costs before you make your decision.