Do you want to get an auto loan to buy a car? Is this the first time that you are applying for credit? Or have you not applied for any kind of loan in several years? Chances are that you will not have a credit score. But does zero credit score mean the end of your dream? Can you buy a car with no credit score? Does a zero credit score disqualify you from getting a car loan? We seek answers to all these questions and more.
April Fool’s Day is near but it doesn’t mean that a dealer/lender can prank you into getting a bad deal on your next car. Do not commit the mistake of focusing only on monthly payments while negotiating with the lender. Also, thinking only about financing at the dealership is a big NO. Take the correct precautionary measures now and don’t be a fool while buying a car.
Car buyers believe that auto loans make buying a new car easy. But, before you walk down to the dealership lot to test-drive the latest models, learn why a used car can be the right option for you. You may have your heart set on a new car but check the numbers, for they do not lie. Do the math and make a practical, not passionate car buying decision.
The skill of effective negotiation is always beneficial while making a car purchase. The tools that will help you in negotiating a good price for a car are seeking the help of online portals, getting pre-approved for your loan and trading-in your vehicle at the end of the deal. Make the most of the negotiation process and close the deal quickly.
Hurricane Florence and other natural disasters bring a surge of damaged vehicles to dealership lots. Know all about title washing scam, how it works and how you should avoid title-washed cars by all means. Knowledge is wisdom, and the knowledge about car title washing can save you a lot of effort and money.
Are you young and dreaming of buying a car? Your dreams can turn into reality with the help of a few key points such as obtaining a co-signer and applying for a credit-builder loan. Understand more about how your good credit habits will help you to secure an auto loan and leave a scope to negotiate better interest rates.