Category: Auto Loans
Are Down Payments Determined Solely by Dealers?

Dealers don’t determine the down payment amount on car loans, lenders do. In addition to increasing the chances the loan will be paid off, car buyers with tarnished credit should view down payments as a way to reduce interest charges as well as a way of contributing to the success of their credit repair efforts.

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You Have a New Job, so You Need a Car NOW

You’re feeling great that you have a new job that comes with a regular income, but now you need to have access to reliable transportation. You need to buy a car with less than perfect credit and not much time to show on your current job. Can you still get financed for the necessary vehicle? Luckily, you do have options available.

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Why Doesn’t Buying a Car in Cash Help Me?

Walter’s issue was whether to get a car loan or just pay for a lower priced used car in full. He was weary of getting roped into another loan after his credit issues a few years earlier, and had steered clear of any new credit since then. He hadn’t really needed it, and had been getting very mixed advice on what he should do next. One friend of his was suggesting that he buy a car in cash outright, while another was recommending a return to the world of credit, which was something Walter wasn’t exactly looking forward to. Auto Credit Express was able to help him in his choice.

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Do These 5 Things Before You Visit the Auto Dealership

Auto Credit Express can make your car buying experience easier and faster by connecting you with the right lender, and there are just a few things that you’ll need to do before you meet with that lender. By being prepared in advance, you’ll make sure that you have the best chance possible to get the best deal available in the least amount of time.

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Matched Tax Refunds from Auto Dealerships

A dealership is willing to double your tax refund for your down payment on a new car? That almost sounds too good to be true. And with deals like these, it pays to get all of the details before committing to anything, so you’ll know what kind of a deal you’re really getting. Also, no matter how great the promotion is, make sure that you really can afford the purchase.

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Is a No Money Down Car Loan Actually a Good Idea?

“Drive away in a new car today with No Money Down!” Offers like these can seem enticing, but how much they will actually benefit you depends largely on the current state of your credit. When thinking long term about the affordability of a car purchase, you will want to consider the total cost of the vehicle when interest rates are figured in, as well as how negative equity may affect your finances down the road.

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What if I am Upside Down on My Car Loan?

Being upside down – or “underwater” – on a car loan is a situation in which you owe more money on a vehicle than what it is currently worth. This means that if you attempt to sell it, you still owe your lender money. In Travis’ case, he had bought his car with no down payment and a payment plan of 60 months, and was about halfway through his loan. He owed thousands more than it was now worth.

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