Teamsters Council #37 Federal Credit Union


#used auto loan
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New Used Auto Loans

When it comes to new cars, low cost financing from your credit union plus the dealer s best cash price is usually the way to go. But new car or used, you’re likely to find that the best rates you can get are right here at TCU. Your actual rate is determined by the length of loan and your credit qualifications. If you have us pre-approve your loan at no cost, you essentially become a cash buyer, which is helpful when you negotiate price. Whatever you do, be sure to check with us before you accept other financing. There s a good chance we can beat it!

Get TCU Financing Right at the Auto Dealer!

You can get low cost TCU financing right at most dealerships! All you have to do is ask for it. The dealer can arrange your credit union loan at the same time you buy your car. Enjoy the convenience of 1-stop shopping! Most auto dealers in our area participate in this program. Visit the AutoSMART web site to locate specific dealerships.

Helpful Car Buying Tools

At the AutoSMART site you can also search for vehicles, obtain CarFax reports, look up Kelley Blue Book and NADA prices, obtain car buying tips and information, and use a payment calculator. This is a smart way to begin your selection and buying process!

Auto Solution: They Shop Save For You!

For even greater convenience, ask the pros at Auto Solution to locate the vehicle you specify and offer it to you at a very competitive price. There s no obligation, and there s never any stress or pressure. Instead of spending time shopping the dealers yourself, you can skip all the searching and haggling! Call 503-238-2429 or 1-800-207-2429. Or visit the Auto Solution web site .

Refinance from Another Lender: Get 1% Off Your Current Rate!

We ll take 1% off the rate you re paying now when you refinance your auto loan from another lender, or we’ll give you the lowest rate you qualify for, whichever is lower. (Cannot be lower than 1% off the lowest rate we offer.) Refinancing usually saves hundreds or even thousands of dollars in interest over the life of most late model car loans. Contact us to figure what your savings will be.

Mechanical Breakdown Protection

Instead of a costly extended warranty sold by the dealer, consider Mechanical Breakdown Protection (MBP) for your vehicle, which we make available through Allied Solutions. Click here to get an instant quote and learn more about the benefits of having Mechanical Breakdown Protection.

Affordable Credit Insurance to Protect Your Family

As your financial partner, we also want to protect the investment you make in a credit union loan. We offer optional Credit Disability and Credit Life Insurance that makes loan payments for you if you are disabled, or pays off the loan if you meet an untimely demise. Coverage is available for a nominal cost that can be included in your monthly payments. It s one less financial stress for your family if the worst should happen. We also offer Guaranteed Auto Protection (GAP), which makes up any difference between what you owe on your vehicle and what it s worth, if the vehicle is totaled.

Skip-a-Payment Program

Each year our members with consumer loans have the opportunity to defer a loan payment during the holiday season. Our Skip-A-Payment program gives participants extra cash at the time of year when it s needed most.

Click here for the Skip-a-Payment request form.

Teamster Strike Policy

Look to your credit union for help in the event of a Teamsters strike or lock-out. We have the most liberal loan extension policy in the nation, up to six months for all but real estate loans (and we ll even modify those, when feasible).


State Employees Credit Union – Used Vehicle Loan Refinancing


#auto refinance loans
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Used Vehicle Loan Refinancing

Do you have a vehicle loan at another financial institution? You may be able to save by refinancing at the Credit Union. At the Credit Union, you don’t have to EARN a lower interest rate – we offer the same great low rate of % to all members! Use the convenient calculator below to estimate your monthly payment with the Credit Union and compare that to what you’re currently paying! If your vehicle has less than 10,000 miles, and is a prior, current or upcoming model year, you will qualify for our new vehicle rates. Please see our Vehicle Loans website page for current rates.

Compare your loan to the Credit Union rate and SAVE BIG!

Have you considered our auto insurance. Contact your local branch or the Contact Center today to obtain a risk-free quote!

We may finance up to 110% of the value of the vehicle based on the NADA retail value. To determine the value of the vehicle, please use the link for Used Car Values located in the Auto Center in Member Access. The Credit Union does not accept flood, salvage or reconstructed title vehicles as collateral.

Used Vehicle Loan Specifications


Refinance Auto Loan with Bad Credit – Car Loan Refinancing at Low Rates


#auto refinance with bad credit
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Best Car Refinance Loans for Bad Credit Situation

You may think of applying for a refinance auto loan for bad credit program if you are facing some difficulty in paying monthly instalments on your existing poor credit auto loan. There could be loan dealers that might be willing to provide you new credit for getting rid of your unaffordable car loan. Auto refinancing loans have lower interest rates. Carloansnomoneydown.com can assist you to find auto loan refinancing with bad credit in your state.

Valid Reasons for Getting Low Rate Bad Credit Car Refinance Loans

Most people usually consider securing bad credit auto refinance loans for the below mentioned reasons.

  • To take advantage of lower rates of interest and for obtaining better loan repayment terms.
  • For reducing monthly payments drastically and making them more affordable thereby saving money.
  • Save some dollars every month on interests depending on the duration of the new loan.
  • Pay monthly instalments regularly and improve credit ratings within a stipulated time frame.
  • Helps in avoiding a bankruptcy like situation particularly if it is a broad consolidation package.
  • Secure program which allows deferment of monthly car payments by 30 or 60 days.

Know How the Refinancing Car Loan Bad Credit Actually Works

  • Search for online lenders that specialize in providing refinance auto loans for bad credit situations.
  • Obtain free non-binding quotes from 4 to 5 different specialized loan dealers and compare them.
  • Choose the right lender for your circumstances and give details of annual income, credit score and debt.
  • Inquire about registration, processing or any other kind of fees with the lender that has been chosen.
  • Apply by filling an online application form and get approved. On closing of the deal, the new lender will pay current unpaid loan and car title will get transferred to new lender.

Explore Other Options to Refinancing Car Loans with Bad Credit

Although it could be possible to secure a low rate refinancing car loan with bad credit, obtaining an approval from one of the specialized lender can be a challenging proposition.

Besides, there could be few vital factors which you need to be aware of prior to researching various bad credit auto loan refinance options that are available at your disposal for getting your vehicle refinanced. Some of these are:

  • You can think of trading-in your present vehicle for paying the existing loan.
  • To qualify for lower bad credit auto loan refinancing rate take steps to build improve some credit.
  • Existing unaffordable bad credit car loan can also be paid-off by obtaining an easy to get unsecured auto loan.

Some Important Benefits Offered By a Bad Credit Car Loan Refinance

  • Lower rate of interest and loan amount
  • Obtain a new loan repayment schedule
  • Monthly payments are easier to manage
  • Get loan finance despite having bad credit
  • Opportunity to customize your existing car
  • No need to pay any commission to resellers
  • Have chance to take advantage of special offers
  • Work with top rated lenders in the car loan market

Refinance Car Loan With Bad Credit From Carloansnomoneydown

At Carloansnomoneydown.com, we teach people the steps for refinancing auto loan with bad credit and enhance chances of qualifying for a solution that fits their specific type of financial needs.

Get started with the process to drive a vehicle by refinance your car loan with bad credit, Apply Now to refinance your car loan online


Refinancing a Mortgage With Bad Credit


#refinance auto loan with bad credit
#

Refinancing a Mortgage With Bad Credit

June 1, 2013

/refinancing-a-mortgage-with-bad-credit-3440 Bad Credit 1170 Refinance Articles Mortgage Loan

So you’re looking to refinance your mortgage but you’ve got bad credit. What can you do?

First of all, don’t panic. Although banks have tightened up their lending standards in recent years, it is still possible to refinance your mortgage even with a blot on your credit history. That’s the good news.

The bad news is that getting a refinance or other home loan gets progressively more expensive the lower your credit score is. So the question may not be whether you can refinance your mortgage, but if you can do so on terms that make it worthwhile.

How much will you have to pay?

Depending on how poor your credit is, you may not be able to get a rate as low as you had hoped. A borrower with a credit score of 620 can expect to pay a rate about 1.5 percentage points higher than a borrower with perfect credit on the same loan, assuming the bank will approve them in the first place.

A higher, but still-blemished score of around 680 may mean that you’ll pay only about half a percent more than a borrower with a “perfect” score of 760 or more. Bear in mind, however, that other factors, such as the amount of home equity you have, will affect your rate as well.

Borrowers with a credit score below 600 will generally have a tough time refinancing. There may be a few lenders that will approve them, but they can expect to pay a rate considerably higher than other homeowners.

If your poor credit rating is due to a serious mortgage delinquency (a missed payment more than 90 days late), you likely won’t be able to refinance. A loan modification may be a more realistic option. Contact your mortgage servicer (the company you send your mortgage payments to) to inquire about options.

However, if your poor credit is due to lesser factors, such as an occasional late car payment or high levels of credit card debt. and you’re currently paying a high rate on your mortgage, you may still be able to refinance even if you don’t qualify for the lowest rates available.

Should you refinance?

Even if you can’t qualify for the lowest mortgage rates, it may still be worthwhile to refinance if you’re currently paying an unusually high rate. The general rule of thumb is you want to be able to reduce your rate by a full percentage point to make refinancing worthwhile, though a smaller reduction can work if you plan to be in the home a long time.

It also makes sense to refinance if you have an ARM that’s about to reset to a higher rate or require a balloon payment. Because interest rates are currently low, it isn’t likely that a regular ARM will reset to a significantly higher rate right now. But if you have an interest-only or option-ARM, you could end up with dramatically higher payments if you don’t refinance.

Get rates from multiple lenders

The key to refinancing with bad credit – or any time you’re looking for a mortgage, in fact – is to shop around. Different lenders and brokers cater to different parts of the market, and some of them specialize in loans to people with weak credit. And it doesn’t cost anything to shop around.

Obtain your credit score (more on that below) and contact 6-10 lenders and see what sort of terms they offer. Include several mortgage brokers in your list – brokers don’t actually make loans themselves, but work with a variety of lenders to find the best rate and mortgage terms for you. It may take some digging to find them, because their web sites and advertising can be very similar to those of actual lenders.

Brokers are useful because they know which lenders are willing to work with bad credit borrowers. It’s true that they get paid a small slice of every mortgage they help originate, but because lenders offer them discounted terms, it usually evens out in the end for the borrower.

It won’t hurt your credit score to shop around with a bunch of different lenders. Credit reporting agencies recognize that people may inquire at multiple lenders when shopping for a loan and don’t mark down scores for multiple credit inquiries if they occur in a short period of time, say a month or two.

Fixing your credit score

If you’ve got bad credit, the best way to qualify for a mortgage is to try to improve it. There are two ways to do that: by improving your credit record and correcting any errors there may be in your credit reports.

The quickest way is to correct any errors in your credit reports. By law, you’re entitled to a free copy of your credit report each year from each of the three major credit reporting agencies – Experian. Equifax and Transunion. You can order them through the official web site, http://www.myfico.com.

Once you have your credit reports, check them for any errors regarding your payment history on the credit accounts listed. If you find one, contact the credit agency that produced the report to inform them of the error. Be prepared to show the report is in error by submitting copies of your own payment records.

To improve your credit history, the main thing is to make a habit of paying your bills on time. However, many people are surprised to learn that they can improve their score dramatically within 30 days simply by paying off high- balance credit cards.

If your balance exceeds 25 percent of your credit limit on any card, it’s going to hurt your credit score. If you have savings or other resources you can draw on to pay down revolving debts, it might make sense to do so if refinancing would provide a significant economic benefit for you.

About your FICO score

While you’re checking your credit reports, you might want to go ahead and obtain your FICO credit score from at least one credit reporting agency. Note that while you’re entitled to obtain a free copy of your credit report every year, you normally have to pay to obtain your actual FICO credit score. You can get your Transunion or Equifax score for $20; Experian does not provide FICO scores directly.

You can sometimes get a “free” FICO score by subscribing to a credit reporting service, but since you’re paying for that, it isn’t really free. The credit reporting agencies will often include a credit score with your free credit report, but be aware that won’t be a FICO score, which is the one mortgage lenders typically use.

The nice thing about having your actual FICO credit score (though it may vary somewhat among the three agencies) is that it lets you know just where you stand in terms of credit. That way, you have a better idea of what your chances are of refinancing, what sort of rate you may have to pay, or how much you need to improve your score to get a better rate.


Private Party Auto Loans With Bad Credit


#private party auto loans
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Private Party Auto Loans With Bad Credit

April 12, 2013

Private party auto loans are one option for auto purchase financing. Private party loans often require thorough documentation, but may be a more available and reasonable option for individuals with less-than-perfect credit history.

CarsDirect Financing

CarsDirect helps more credit-challenged customers find car loans than any other website in the country. The company works with a network of dealers who specialize in car loan financing. The dealer has access to a number of financial institutions and will shop around to find you the best deal. Just fill out a simple application and you will be on your way to receiving a car loan.

What Is a Private Party Car Loan?

A private party auto loan is a used car loan that allows you to finance a vehicle through a private party or individual in place of a dealership. There are many advantages to opting for a private party loan, and depending on your circumstances it could save you a lot of money.

Private Party Auto Loan Advantages

Going with a private party car loan opens up several options to you as a consumer. There are a number of banks, credit unions and financial institutions with varying car loan rates all competing to service you. The Internet is a great resource to compare rates from different companies, and there are online brokers that will connect you directly with an auto loan lender to give you a quote within minutes.

If you have bad credit then a private party loan is probably your best bet. Because you can pick which loans to apply for, you can choose only loans that are accepting of people with a bad credit rating. It’s important to realize that getting turned down on a loan can actually lower your credit score. You will also be able to find private party loans that do not require a down-payment, however if possible it’s recommended to pay at least a little up front to lower your monthly bill. Private party loans typically have shorter payback periods resulting in higher interest rates. However, don’t be put off by this because you can actually end up paying more on a loan with a longer payback period even if it has a lower interest rate. Also, with a shorter payback period It is more likely that your car will still be worth something when you are done paying off your loan.

Private party auto loans can also give you an advantage when negotiating with the person selling the car. Used car salesmen working at dealerships are trying to sell several cars to multiple people on a daily basis. This means that their knowledge of a car in question can only run so deep. With a private party loan you are typically dealing with the previous owner of the car so you should be able to get better information about the vehicle’s history and any problems you should be aware of before you buy it. Another advantage in the negotiation process with private party loans is that you have to be approved before you make an offer for a car, and therefore you already know your spending limit. This allows you to take a hard stand with people when negotiating the price you can afford to pay, whereas a dealer may try to persuade you to borrow more through their financial services.

Private Party Auto Loan Disadvantages

There are several disadvantages to this kind of car purchase loan.

Loan Term

One of the disadvantages of private party loans is the length of the loan term. For auto purchase loans, the loan term length can be as long as six years. However, private party loans often are for a substantially shorter length of time. Usually, the a private party loan is offered for a maximum of four years or 48 months and very often private party loans are only offered for 36 months. For a borrower who is looking for a much longer period to finance the purchase of their car – and lower their monthly payments as a result – a private party loan can have serious disadvantages.

The ultimate result of a shorter loan term is that you are paying the same principal for the purchase of the car, but you are paying a higher amount of interest. This results in higher monthly payments, overall when compared to auto loans that are financed through a dealership finance company.

Interest Rates

Another disadvantage of private party loans are the standard interest rates charged for these kinds of auto purchases. Typically, car loans obtained from the dealership may have largely reduced interest rates and may even be offered at zero interest if certain restrictions and requirements are met at the time of purchase. However, it is also possible to comparison shop for favorable interest rates if a borrower is able to dedicate enough time to this task.

Dealer Incentives

One of the features that many dealerships have been advertising of late are dealer incentives that provide for purchase security should a borrower lose their job or income. However, in order to take advantage of these incentives, a borrower must make their purchase finance arrangements through the dealer financing company. By using private party loans, borrowers eliminate their ability to take advantage of these incentives, which could be significant if they find themselves without a job and unable to meet their financial obligations as a result.

Negotiating Disadvantage

The entire process of purchasing a car usually involves a great degree of negotiation, including not just the purchase price, but also the interest rate and the monthly payments. In most cases private party loans require pre-approval before the actual purchase of a car. This greatly reduces the ability of a borrower to negotiate since they are already locked into their loan obligation when they walk into the dealership.

This can also be somewhat of a disadvantage even if purchasing a car from a private party, since pre-approval is usually needed before even approaching a seller. Here again, borrowers may find themselves locked into a loan that is larger than their actual needs and regret it every time they make their monthly payment.

While private party auto loans can be an attractive option in dealing with a finance department of a dealership, they offer specific and significant disadvantages when it comes to the length of the loan, interest rates and ability to negotiate those rates and monthly payments.

How to Research Private Party Auto Loans

If you are car shopping and looking to purchase a used car from someone other than a car dealer, you will probably need to research some private party car loans. Use the following steps when conducting your research.

  1. Find lenders. Since the only difference between a private party auto loan and a traditional car loan is the fact that no dealer is involved, regular lenders will likely be able to supply you with a loan. The only lenders which are now out of the picture are captive finance companies, meaning that banks are still viable loan sources. Other options when looking for a private party loan are local credit unions. You may find them online or in a phonebook.
  2. Submit loan applications. The lenders you find will be able to guide you through the loan approval process. You should be 18 years of age or older; have proof of income of at least $1,800 a month; have proof of residence; not be bankrupt; and have a social security number. More may be required by certain lenders and they will tell you if this is so.
  3. Compare approvals. After submitting applications and getting approvals, you may compare them to find the best deals. Details to compare are loan rates, additional fees and any special options which you feel will be beneficial.
  4. See what kind of interest rates you can get

Researching private party auto loans can help you purchase a used car and save money on the loan for the best deal possible.


Pre-qualify for Bad Credit Car Loans


#bad credit auto loans
#

Get Pre-qualified

Apply by Phone by calling: (855) 439-0814

Apply Online in just 3 minutes: Apply Now

Simply explaining the bad credit auto loan process is not easy. While the process of applying can take just minutes, it takes slightly longer to understand how we examine your unique credit situation in order to help you make the kind of choice that will both save you money and help rebuild your credit score.

Bad Credit

  • Typical Requirements
  • Types of Bad Credit
  • How Things Work
  • Fixing Bad Credit

What is a Bad Credit Car Loan?

For those new to the process, a bad credit car loan is an auto loan that is made available to an individual with a credit score that is considered subprime. A subprime credit score is usually considered any FICO score below a 620. People with such scores are considered to be “high risk “, and are often denied by traditional lending sources.

If you do not know what your credit score is, the Fair Credit Reporting Act entitles you to a copy of your credit report once every twelve months through annualcreditreport.com. We here at Auto Credit Express highly encourage potential car buyers to read and be aware of what their credit report says before applying. And be sure to check your credit report for errors to avoid being penalized for old and/or incorrect information.

What are the Typical Requirements?

While there is no nationwide standard, here at Auto Credit Express the typical requirements for someone applying for a vehicle loan are as follows:

  • Monthly income of at least $1,500 gross
  • 18 Years of Age or Older
  • Current resident of the United States or Canada
  • Current legal American or Canadian citizen or legal resident
  • Employed full time or has guaranteed fixed income

Gross income refers to an individual’s pre-taxed monthly income. This income should be verifiable through documents such as tax records. Fixed income such as Social Security, Disability Insurance, Child support, Alimony, or Public Assistance should be included in your monthly income total.

At least $1,500 gross income is required, and a $1,800 monthly income is recommended for most credit situations. Seasonal employees or temporary employees who have been at their agencies for less than six months do not qualify. The rest is fairly self explanatory: We only have bad credit car dealership networks in United States and Canada, and you must be a legal adult for contractual purposes.

“They made me feel like my credit was not a problem from the first step in the door.” Jerdina C. Detroit

Your score plays a big part in how favorably or unfavorably a dealer or lender views your credit. To gain a better understanding of what your score means, see what credit range you fall into on the chart below. Say, for example, you’re in the below average credit range with a 570 credit score. While some people may tell you that you have bad credit, it is still not the same as those who have truly bad credit of less than 500.

    Bad Credit Scores | 400-525
  1. Subprime Credit Scores | 525-550
  2. Below Average Credit Scores | 550-575
  3. Slow Credit Scores | 575-600
  4. Less Than Perfect Scores | 600-620

Also, not all bad credit is equal when it comes time to apply for a low credit score vehicle loan. Lenders will often separate bad credit into two profiles: situational and habitual bad credit. For example, if you have low income, a spotty job history and have missed many payment deadlines, you would be viewed as a habitual and unfavorable risk.

However, someone who has a higher average income, a good job history and generally makes all their payments until an unexpected event occurs, such as divorce or major illness, may be viewed more favorably. This is true even if both parties had similar credit scores. Why? The person who has exhibited responsible behavior until some sort of personal crisis occurs is perceived as less of a risk, while many lenders believe that someone who habitually misses payments is likely to keep missing payments in the future.

Below are some examples of situational bad credit and habitual bad credit.

  • divorce
  • illness or injury
  • loss of employment
  • bankruptcy due to medical issues, loss of income

HABITUAL

  • multiple issues, not single event, long history
  • multiple bankruptcies
  • significant bad credit after BK
  • currently delinquent on all existing obligations

Overview – Hudson Valley Federal Credit Union


#refinance auto loan rates
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Auto Loans

Put yourself in the driver’s seat.

Featured Rates

New and Used Vehicle Loans

  • Easy point-of-sale financing at dealers in our partner network .
  • Quick, paperless online application available Mail or bring your binder and purchase agreement into any branch to finalize your loan.
  • 30-day approval lock for easy, confident shopping.
  • Financing up to 125% of TLTV (total loan-to-value). 1
  • Competitive fixed rates.
  • Terms up to 7 years on new and used vehicles to keep monthly payments low. 1
  • Convenient payment options; automatic deduction with AutoPay; transfer via phone, ATM, or Internet Banking; or by check or cash in person or through the mail.

Rate Discount with AutoPay

Refinances Welcome!

Refinancing your loan from another lender could save you hundreds of dollars in interest or lower your monthly payments. Talk to us to compare financing. Stop by any branch or call us at 845.463.3011 / 800.468.3011.

Insurance Protection

Financing Forms

  • Vehicle Information Refinance Form Use when the registered and titled owner(s) of the vehicle remain the same upon refinancing from another institution.
  • Private Purchase Agreement Use when purchasing a vehicle from a private individual as opposed to a car dealership.
  • Lien Request Letter Mail with a payoff check to the current lien holder(s); this informs them to send the lien release and/or title to HVFCU.

Important Notice for Buyers Trading in Used Cars

If you trade in a used car on which you still owe money, make the dealer put in writing that he will pay off your car loan in 10 days or NO DEAL. Without contractual proof, some unscrupulous dealers legally delay paying off these loans (in some cases indefinitely). In addition to making payments on your new loan, you must continue making payments on your previous loan until it is satisfied by the dealer (since the loan is in your name) or risk going into arrears and ruining your credit. Most dealers are reputable, but to be safe, always include clear payoff terms in your contract and follow up with the lien holder to ensure the dealer has complied. If a dealer refuses to include this, be ready to leave immediately and take your business to a reputable dealer.

1 As an example, an 84-month new auto loan with a fixed rate of 6.14% APR would result in a payment of $14.68 for each $1,000 financed. Your rate may increase if variable.

2 Rates that are discounted by .25% include a requirement that loan payments are automatically transferred from your savings, checking, or tiered money market account for the life of the loan. The monthly payment is not decreased as a result of this discounted rate. The discounted rate only applies to new loans and newly refinanced loans from another lender.

Vehicle Refinancing Transfer Your Loans to HVFCU and Save!

Refinancing an auto or motorcycle loan from another lender can potentially save you hundreds of dollars in interest and lower your monthly payments. Depending on your interest rate, you can even save on vehicles financed 6, 12 or 18 months ago.

When you refinance, you have:

  • No application fee
  • No handling fee

Use our online loan application. and answer Yes to the Is This Loan a Refinance? question. You ll receive an answer in 60 seconds or less.

However, if you d rather speak with someone about your refinancing options, call us at 845.463.3011 / 800.468.3011 or stop into one of our branches. Our staff will review your current terms and let you know if we can give you a better deal.

Print and download our Vehicle Information Refinance Form to speed your refinancing process.


No Money Down Car Dealerships California. Bad Credit Loans 0 Down.


#bad credit auto dealers
#

No Money Down Car Dealerships in California

Get a car loan with bad credit and no down payment in CA. We help people who live in California and across the country get the financing they need. Use the button below to begin the application now.

We help California car buyers with bad credit find local car places with sign and drive low down payment financing.

California Zero Down Payment Financing

0 down payment used cars lots California and the USA

If you’re looking for zero cash down cars and live in California you’ve come to the best website. In addition to our relationship with thousands of 0 down car dealerships all across the USA, our massive used car database has cars for sale with 0, 49, 69, 79, 88, 99, 100, 200, 300, 500, or 1000 cash due at signing.

People in California can fill out an application to get started or select a CA city from the list above. We’re also the number 1 resource for obtaining buy here pay here and first time buyer car financing.

California New Car Lot Prices

Often California new car lots won’t budge when negotiating price on the showroom floor. At DriversLane.com you’ll quickly get the lowest price upfront quote from our massive CA franchise automobile dealership database no matter what type of car, truck, minivan or SUV you want to buy.

To see what you qualify to buy a car at one of our no money down car lots fill out our lowest price quote request form, and you’ll quickly be contacted by a local California new car lot.

California Used Car Lot Inventory

If you’ve ever spent time surfing the search engines tryign to find a low down payment pre-owned vehicle in California with BHPH terms, you know how much time it can take. Our used search feature provides the most relevant local vehicles in California at the best available price and money down.

Within minutes you’ll be searching hundreds of local automobiles for sale in California. You can then narrow your search options further by choosing results by price, distance, make and model.

CA Used Automobile Search

We’re affiliated with new and used car dealerships all across California. Because of our relationship with such a wide variety of California automotive dealerships we’re able to find the best deals on cars in the state. Using our site is free and easy which isn’t something that can be said about other online car finding services. Receiving a free quote from a California based auto dealership doesn’t mean you have to purchase the vehicle. It will however give you an idea of what’s available right now in California and whether or not it fits into your budget. You can receive price quotes or monthly payment quotes so you can locate a vehicle that fits in your price range.

If you’re worried about getting a new or used with bad credit you can lay your worries to rest. At DriversLane.com we specialize in finding cars for people with problem credit. We can answer the tough questions such as:

  • Can I get a make or model I like?
  • Can I afford a new ?
  • What type of financing options do I have?
  • How much will money I qualify for?

Every credit situation is unique. Our specialists can help determine where you stand credit-wise and provide you with the best possible financing options. Keep in mind that every time you apply for problem credit loans it will appear on your credit report. Too many credit requests can raise a red flag and make applying for financing more difficult. Luckily that’s what we’re here for. with our help you’ll be able to find out what you qualify for before your next vehicle purchase.

Apply Today! Drive Today!


No Credit History? You Can Still Buy a Car


#no credit auto loans
#

No Credit History? You Can Still Buy a Car

by: Justin Leach

It s a classic scenario: you want a car loan but don t have any real credit history. Many first-time car buyers think they ll either have to buy some old beat up car for cash or accept financing terms that anyone else would find outrageous.  The truth is there are several things you can do today to get you behind the wheel of a solid car and still leave you with enough money to fill up the tank.

Step one:

I can t stress this enough-Get your credit report and credit score from all three credit bureaus (Experian, Equifax and TransUnion.)  You need to know where you stand.  Are you certain your student loan consolidation got reported correctly?  Or how about that time you were late paying your credit card?  Maybe you forgot, but the credit bureaus didn t.  The dealer will pull your credit reports, so make sure they are accurate and that you ve taken care of any outstanding problems.

Step two:

Take a realistic look at your finances.  After all other expenses, how much can you really afford to put toward a car payment, insurance, gas and maintenance? You ll be a more attractive buyer if you can provide a decent down payment and keep your car payment to a low percentage of your monthly income.

If you ve got a couple cars already in mind, go online to get several auto insurance quotes.  Many financing sites like ToyotaFinancial.com provide on-line tools to help you estimate payments.

Play with the numbers and remember a lower annual percentage rate (APR) with longer terms will give you lower monthly payments the flipside is that you ll pay more in interest over the life of the contract. To help save more money, consider taking a contract with a shorter term.

Read more car buying stories:

Step three:

Explore your options. You may qualify for programs that could bring down the purchase price of a vehicle or provide you with better financing options. For example:

College Grad: Did you just graduate or will you soon?  At Scion.com not only do they offer $400, but they offer no money down, deferred first payment for 90 days and they throw in free roadside assistance for a year.  And, of course, at Scion, there is no price negotiation the price is the price, no haggling.

First Time Buyer: Some programs assist first time buyers in purchasing certain model vehicles.  Interested in a Yaris, Matrix, Corolla or a Tacoma?  Check out the iFinance program at Toyota.com.  You ll need 10 percent down, a steady job, car insurance, references and a minimum income, but you won t need a co-signer.

Certified Used Vehicles: Another way to save? Go used.  A certified used vehicle is one that meets standards set by the manufacturer and comes with a warranty.  You can probably find advantageous same as new financing, too.

Leasing: Even though we re talking about purchasing a vehicle, before you hit the lots, consider if a lease might be the right option for you.  To learn more about the differences between leasing and buying, check out the article Finance or Lease: Choosing One on youngmoney.com.

Co-signer: Got a family member with good credit willing to risk getting stuck with the bill if you miss a payment?  Should your account ever go to collections, guess who they can go after-your loving and trusting co-signer.

I m not against the co-signer option; for many first-time car buyers, this is actually the fastest way to obtain vehicle financing and get a more reasonable rate. Just make sure you fully weigh all the benefits and potential consequences when going this route.

Add On s :  You won t leave a dealership without being offered extended warranties and payment protection plans. Don t discount the necessity of these options.  But if your goal here is to make sure you can afford your car, research and understand what will be offered. Also, check out life and disability insurance to cover your car payments should you become disabled or, well, you know, dead.

Step four:

Get your paperwork together. Here are a few things to bring car shopping:

1)      Proof of employment or future employment-a W2 or pay stubs showing at least six months of employment, or an offer letter for employment stating your salary.

2)      References the names and contact info for up to six people.

3)      Proof of enrollment in college and graduation date-or if you recently graduated, proof of graduation.

4)      Copies of your credit reports.

5)      If you have it, proof of collision insurance.

6)      And any research you have done on the vehicles you like including invoice pricing data, incentives, rebates, Kelley Blue Book value (if you re looking at a used car) and your insurance quotes.

OK, so you have your credit reports and credit score, you know how much you can afford, you ve researched rebates and special offers, and you have all your paperwork together. Now you re ready for that test-drive.

Justin Leach is a communications specialist for Toyota Financial Services.  Prepare yourself for your next car buying experience by visiting toyotafinancial.com where you can view finance programs and offers tailored to meet your needs and learn more about understanding and protecting your credit, differences between buying and leasing, and various vehicle protection plans.

Beginner s Guide to Car Loan Hunting

Car Shopping: Kicking Your Financial Knowledge into Gear

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No credit auto loans


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Getting a Car Loan with No Credit

As an auto loan applicant with no credit history under your belt, many car lenders will tend to see you as a high risk candidate when deciding whether to approve you for the loan you need.  Fortunately, we work with a comprehensive network of lenders who are often willing to extend auto loans to students, first-time car buyers, and other people with no credit.

To maximize your odds of being approved and minimize the interest rate you ll pay, we recommend following the 3 guidelines listed below.  Note:  these are NOT mandatory for submitting your application through our service.  If you would like to get started now, click here:  Apply Online .

Find a Cosigner: by finding a trusted person with established credit to cosign your auto loan, you will no longer be applying for a no credit car loan per se at least not in the eyes of lenders.  They will be much more likely to approve your auto loan at an affordable interest rate.  Most applicants with limited credit ask a parent, older sibling, or other trusted relative to cosign for them.  In the case of a secured loan, the cosigner is typically only held responsible for whatever portion of the debt the collateral asset does not cover.  But remember:  the cosigner s responsibility is a significant one.

Prepare a Down Payment: although some lenders in our network offer “no money down” auto loans, we encourage you to save up a 10-20% down payment if possible.  Alternatively, the value of a vehicle trade-in could be used as down payment.  Either way, putting money down will cut your monthly payments, stave off negative equity, and potentially allow for more favorable interest rates and terms.

Apply Online: our state-of-the-art online application eases the hardest part of financing a car:  getting approved.  When you submit your application, advanced data matching technology works to match you to the best car lender based on factors such as your location, credit standing, income, and down payment amount. It takes only 2-3 minutes, is protected by 128-bit SSL encryption, and all but eliminates traditional paperwork.