Want A Car? aanyone?
As little as 18 months ago, car loans were relatively easy to get. I know several people who had questionable credit histories who got financing, and that was especially disturbing because unlike a lot of people they really were at fault for their past credit woes. Granted, the rates were terrible, but they got loans.
Today with the credit market in a huge crunch, even gigantic corporations can't get loans much less the little guys. Even the netquote market is ugly. Some are better than others, especially for car insurance quotes, but financing is a whole other matter.
So, you still need a car loan, right? The first thing you need to do is find a dealer who needs to dump some inventory. This is usually easiest from September through December, with the best market being between mid-November and mid-December. The less picky you are about brand name, the more choices you have.
The car youare going to buy shouldnat be very expensive, and always remember to take in account that youall need car insurance so you should quote this is advance, in order to avoid high premiums. Some cars come with many options so make sure that you just buy what you need in this moment, and maybe you could upgrade your car later.
When youare discussing the price with the dealer, remember that theyare in a position where selling is the best for them. You could take advantage of this situation by asking for free repairs, payment facilities and a good warranty.
After making a deal, check how much you will have to spend in car insurance. Adding the monthly payment that your dealer will give you, and the insurance quote, you now have to decide whether youall be able to keep up with the payments, and if this is the case, then you are prepared to make your credit application.
The car dealer may tell you to go with one or two banks to make your application, but it probably would be best if you could look for one on your own. There are many companies and websites that should be useful in your quest and that will present you with much more options and facilities.
Even if you have a bad credit history, the dealers are in a very tight spot right now, so if you are dedicated enough you should be able to find very good deals. Consider this an opportunity to rebuild your credit and start from scratch.
Today with the credit market in a huge crunch, even gigantic corporations can't get loans much less the little guys. Even the netquote market is ugly. Some are better than others, especially for car insurance quotes, but financing is a whole other matter.
So, you still need a car loan, right? The first thing you need to do is find a dealer who needs to dump some inventory. This is usually easiest from September through December, with the best market being between mid-November and mid-December. The less picky you are about brand name, the more choices you have.
The car youare going to buy shouldnat be very expensive, and always remember to take in account that youall need car insurance so you should quote this is advance, in order to avoid high premiums. Some cars come with many options so make sure that you just buy what you need in this moment, and maybe you could upgrade your car later.
When youare discussing the price with the dealer, remember that theyare in a position where selling is the best for them. You could take advantage of this situation by asking for free repairs, payment facilities and a good warranty.
After making a deal, check how much you will have to spend in car insurance. Adding the monthly payment that your dealer will give you, and the insurance quote, you now have to decide whether youall be able to keep up with the payments, and if this is the case, then you are prepared to make your credit application.
The car dealer may tell you to go with one or two banks to make your application, but it probably would be best if you could look for one on your own. There are many companies and websites that should be useful in your quest and that will present you with much more options and facilities.
Even if you have a bad credit history, the dealers are in a very tight spot right now, so if you are dedicated enough you should be able to find very good deals. Consider this an opportunity to rebuild your credit and start from scratch.
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To find out exactly how you can get information about car insurance quotes visit my automotive website.
posted by Credit Counseling at
11:57 AM
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