Archive for the ‘car loan tips’ Category

How to Get the Best Auto Loan Rates and Terms with Subprime Credit

Thursday, March 26th, 2009

Shop around!

If your credit scores are low, you do not have to worry about your score being hurt due to inquiries. In fact, all similar inquiries on your credit over a short period of time only count as one inquiry on your credit bureau.

Tags: car loans, credit bureau
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How To Get Auto Loan With Bad Credit?

Thursday, March 26th, 2009

Auto Loans are not Rocket Science.

Lenders consider the risk and reward of every loan. If you are risky, you are going to reward the lender with a high interest rate. If you are VERY risky, you are going to reward the lender with a VERY high interest rate and a large down payment.

Since the lender is writing one big check for the car and you are writing a small check every month to pay for the car, the lender has more control over the vehicle than you might think.

The lender can say how new the car needs to be, how many miles the car can have on it, and the auto lender can even say that certain engine sizes or makes/models are off limits.

Plan ahead for your auto loan. Save up some money down. Know what your credit looks like before you try to buy a car. You can get a free copy of your credit bureau at annualcreditreport.com. Make sure there is nothing inaccurate hurting your chances.

Tags: auto, auto lender, auto loans, credit bureau, high interest rate, how to get an auto loan, lenders, loan with bad credit, money, risk and reward, rocket science
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