Archive for October, 2010

Easy Auto Finance With Credit Cards

Thursday, October 21st, 2010

One might wonder as to how credit cards can help in getting approved for auto finance easily. However, easy auto finance is not just about easy approval but also about easy interest rate which makes the installments affordable. It is a known fact that the thing which decides both of this is the credit score of the applicant. It is sort of a done deal for good credit score holders but spells doom for bad credit score borrowers of auto finance. However, as mentioned before, credit cards can help in getting approved and a decent rate on auto finance. Read More…

The Disadvantages Of Online Auto Finance

Wednesday, October 20th, 2010

It is said that for a consumer, every good thing comes with a negative point in its shadow which can be avoided through awareness and knowledge. The thing which the auto finance borrowers need to know is regarding online lending. The online auto finance facilities are great and the borrower gets to enjoy a number of benefits such as large number of options, easy loan approval and the chance to get the finances pre approved and then go in as a cash buyer. But it has its range of cons too and these can be avoided through knowledge and being aware regarding the proceedings when online. Read More…

Auto Finance Through a Credit Union

Tuesday, October 19th, 2010

Nowadays, applying for auto finance has become quite easy due to the internet lending application and the vast number of lending options available. There are dealerships, car lots, used car lots, banks, private lenders and credit unions. However, even with this many options, people still go for just banks and dealerships because they are convenient. But, banks have a lot of restrictions over the applications they choose which makes it difficult for most of the applicants to get approval. Moreover, the rejection of banks is checked by the credit bureaus and it is seen as a negative thing which is why they deduct few points from the person’s credit score. Read More…

Choosing Direct or Indirect Auto Finance

Monday, October 18th, 2010

Before talking about what to choose between direct and indirect auto finance, let’s know what it is and how it affects the loan. Indirect auto finance is said when the applicant takes financing from a dealership or any similar company such as buy here pay-here car lot, used car lot or cheap car lots. Very few individuals know the fact that dealerships send the auto finance applications to lenders who are working with them and they decide whether the loan has to be approved or not. If the loan is approved then the interest charged is informed and the dealership passes on the knowledge to the applicant. The borrower just has to come, sign some forms and then go away with the car. The money in installments is given to the dealership directly. This is therefore termed indirect auto finance because the lender isn’t directly approving the finance to the borrower. Read More…

Clearing Credit Report Errors When Applying for Auto Finance

Sunday, October 17th, 2010

When an individual applies for auto finance from a lender, the lender first of all checks with the credit bureau to see the credit score of the applicant. Aside from the credit score, the lender also checks the list of transactions of payments that the borrower had to pay in the last year or two. This is the most recent record of his/her financial payments and gives a clear picture as to what should be expected in the future. These lines show the importance of credit report and the subsequent rating or score that is marked due to it. Read More…

Choosing Between a Rebate and Zero-Percent Auto Finance

Saturday, October 16th, 2010

Consumers always enjoy an increase in competition for the thing that they desire because it means that they are going to get the product at the best rate because of the competitive prices. Even in the lending community, dealers and lenders keep on introducing new offers to attract consumers and then provide them with auto finance. The two biggest offers in the present scenario are zero percent auto finance and rebates and if both are being provided then it can be confusing to select between the two. The following lines can help in making a decision as to which should be selected. Read More…

The Benefits of Pre-Approved Auto Finance

Friday, October 15th, 2010

When deciding on purchasing a car through auto finance there are a number of places that the applicant can go to. There are lending companies like credit unions and banks and there are the dealerships and car lots which provide the finances and the car. Due to this most people prefer car dealerships as the person is getting the car and doesn’t have to worry about running with the finances and then looking for the car. However, pre-approving the auto finance or getting it from lending companies has a lot of benefits which are worth accessing for a secure loan term. Read More…

Auto Finance Scammers and How to Avoid Them

Thursday, October 14th, 2010

Auto finance can be rated as being one of the most competitive industries in America today. Everyone including businesses and individuals want to get in on the action. However, the problem is that because of the competition the only way for many scammers to attract your attention is to make out of this world claims. Read More…

How To Buy A Used Car With An Auto Finance Loan

Wednesday, October 13th, 2010

Used cars are reputable for being cheap and highly affordable. As an individual who intends buying a used car, there are chances that you might not have the funds that you need to finance its purchase, if that is the case, I would recommend that you should take up an auto finance loan. Read More…

Two Types of Auto Finance Loans

Tuesday, October 12th, 2010

An auto finance loan is a kind of loan or credit loan that an individual can take up whenever he is in need of funds to finance the purchase of a car that he can call his own. As an individual who intends taking up an auto financing loan, I would recommend that you should ensure that you have good credit because with the exception of bad credit auto finance loans, no auto lender would finance you with an auto finance loan if you have bad credit. Read More…