buying-a-used-car

Buying A Car From A Private Seller

used-car-lot

Getting A Good Deal On A Used Car

buying-a-car-with-cash

Benefits Of Buying A Car With Cash

negotiating-car-price

Negotiating A Car’s Price

Getting A Good Deal On A Used Car

December 21, 2011 · Buying / Selling A Car · Leave a Comment

There is a lot to be said for saving a buck, and when it comes to the purchase of a vehicle, the more you can save the better you will feel. There are some great ways to get a good deal on used vehicles. One of the best tips is to visit police and government auctions. In fact, standard savings on the purchase of a vehicle through these auctions is often 30-70 percent.

Always remember, that if you are on a tight budget, then the best way to purchase a vehicle is by paying cash, and this is the primary form of payment utilized at most of the auctions. If you are short on cash, though, there are many ways of getting your hands on cash quickly. For example, more and more consumers are considering the benefits of short-term loans such as auto title loans, which can provide you with the funds you need to bid on a car in a matter of hours.

Keep reading →

8 Tips For Organizing Your Official Car Documents

November 25, 2011 · Auto Loan Resources · Leave a Comment

Proper record keeping is very important for anything that involves finances. This is certainly no different when the investment is an automobile. Keeping good records can make the difference when trying to get a good deal when trading a car in or selling it yourself. It is also extremely important for many legal reasons as well. To help, below are eight tips you can use when organizing your official car documents.

1. Keep Separate Files For Each Vehicle

The most important element to proper record keeping is organization. It is what allows you find the documents you need easily. If you simply lump all the records for all your different cars together, sorting them out later can be quite a hassle. Instead, make sure you keep a folder for each different vehicle’s records separate from each other.

Keep reading →

What Happens If I’m Late On Payments

November 12, 2011 · Auto Loan Terms · Leave a Comment

When you opt for a three or five year auto loan there inevitably will come a time when you’re in danger of making a late payment or you miss a payment. These loans are 36 or 60 months long and it can be difficult to maintain a perfect payment history. The question is though, what happens if you miss one monthly car payment?

Credit Score

Missing just one payment can have devastating effects. If you have been working hard to improve your credit score, one missed payment will make it drop dramatically. The good news is that the score will recover in a few months. But expect a significant ding to your score in the short term.

Keep reading →

9 Car Insurance Discounts

October 23, 2011 · Auto Loan Resources · Leave a Comment

A good driving record goes a long way toward saving money on car insurance, but it is not the only way to earn a discount. Even with a driving history riddled with accidents, traffic violations or both, you may be able to take advantage of these discounts.

Vehicle Safety Equipment

Upgrade your vehicle’s safety gear by having airbags, automatic seat-belts, or anti-lock brakes installed. Since most of these options are standard features on many current models, you might already qualify for this discount.

Keep reading →

Car Loans From Peer To Peer Lending Sites

October 22, 2011 · Auto Loan Sources · Leave a Comment

Traditionally you would get a car loan from the bank you normally use. Now though you have many more options. In addition to going to your physical bank for a car loan, you can also get a loan right at the dealership. After they pull your credit you can be approved for a loan in minutes. Another popular option is to go online and use auto loan comparison sites to get auto loan quotes to find the best rates.

But there is another method you may not have heard of. You can also get a car loan at peer to peer lending sites like Lending Club and Prosper. With these micro lending sites, there is no central bank. Users (investors) loan money to other users.

Keep reading →

Will A Little White Lie Affect Your Application?

October 20, 2011 · Auto Loan Terms · Leave a Comment

The car you’ve dreamed of owning is almost within reach after years of wishful thinking. You have a clean credit history and an excellent credit score. You’ve calculated your income and expense and have come to the conclusion that with a little scrimping the payment is doable. Now, the only thing standing in the way of you and your dream is the loan approval. As you fill out the application that demonstrates your ability to pay, you begin to be doubtful about how your level of income looks on paper and you’re tempted to fudge the number higher. It’s such a little thing; no harm will come of it, right?

Keep reading →