LibraryGirl asked:


I have filed bankruptcy in the past and am on the road to credit recovery. My plan is to first finance a car – pay it on time each month and then hopefully one day be able to purchase a home. I was approved for finance by a company called Drive Financial. Are they an okay company to do business with?

Darlene

Terry Asbra asked:


In today’s modern era, various auto finance options are available to you. Now you don’t have to go to your banks or dip into your savings to buy a car. You can now get a car on easy installments. Buying a car in installments is a kind of auto finance since you don’t have to spend a lump sum amount in the starting. You can easily convert the whole amount into small and easy installments through auto finance which suits to your requirements.

Now the gap between the car and the customer is being filled by various banks by providing auto finance. Auto finance can fulfill your dreams by just paying a bit of extra amount in the form of interest. According to experts, last year 90% of the people opted for auto finance. As compared to the expensive cars, the two-wheelers being cheap had a small share in the auto finance market.

As the technology is rising, you can now find a wide range of cars to choose from. With this increasing variety of cars available in the market, more and more banks are coming forward to offer you with the auto finance schemes that will suit a person even with low salary. You will definitely get confused when you’ll step down in the market to get auto finance, as there are so many banks running after you for different auto finance schemes.

Some of the points which need to be considered before opting for specific auto finance from a bank are as follows:

Choose a car. You should first decide the car you need to buy from the nearest dealer and search for the auto finance options also. Depending upon your income decide the amount of money you can spend on the car or if you wish to have an auto finance. If you are taking auto finance, then agree to the monthly installment which you can pay easily. Now when you have made up your mind to get auto finance, just go for it.

Auto finance is the best option for people who cannot afford to buy a car directly. You can also check the interest rates of all the banks and should take the auto finance from the one which asks for the least interest. Now you don’t have to sit at home and see others in their car. Auto finance has done it for you and now you have to do it for yourself. So get up and run to your nearest dealer now. The perfect auto finance is waiting for you.



Regina

sps82 asked:


Hi,

I’m a person aged around mid-twenties, living in Canada. I want to purchase a used or second hand car ranged around at
$ 7000- $ 10,000, but my salary is only 8 per hour. Is it possible for me to get car loan from bank.
I don’t have any expenses like rent as I live at my family home neither do I have any student loan to be paid.

How much downpayment would I have to make and will there be other costs while buying a car.

Also, I wanna know how to check a credit score. I usually pay my credit card bill on time..does it mean I have a good credit score?

Please help.
Thanks

Charlotte

homesliceryry asked:


I have no credit have a job with steady income(750 a week), i am 18 and have 6-8k to put down on an 07 4 door jeep wrangler for 19k, would I be approved with such a down payment?
how do i get into a local credit union? I was assuming I’d have to go through dealer financing to get approved
well I would get the hard top for sure man! I will deff do that thanks for the help!

Ricardo

anonymous001 asked:


I just got a new car less than 2 days ago. It’s a lease. I’m looking to get another car and give the leased car to my sister to pay for.. Will it show up in my credit already when I go to the dealership? Are they going to know that I already have a car and that no bank will loan me money.. etc…. Is it easier for someone to lease a car or finance?

Annie

riobravo68@sbcglobal.net asked:


I am about 20 yrs of age do not have an option for a cosigner and finally found the car I want after mths of research its about 14K w/o interest, I only have about a grand in cash saved up. I do have a car but, it went through in-house financing w/ was not reported to credit bural…Anybody know what 2 do?

Kimberly

Carney Alden asked:


A host of options are available in the loan market and all these options have also give equal chance to borrowers having poor credit. Poor credit auto financing is one such advantage giving a chance to everyone to get their vehicle financed. Any kind of vehicle including car, track, SUV, van, bus etc. can be financed with this option.

All kinds of poor credit cases are included in the program of poor credit auto financing. Therefore, no matter whether you are suffering from CCJ, IVA, arrear, default or bankruptcy, this option will always give you a chance to purchase a vehicle; be it old or new.

Two types of poor credit auto financing options are available. If you have a security like home, jewelry, car or others and you are ready to use it against the lending amount, you can then go for the secured option, or else, unsecured option will always give you a chance to avail loan without any security.

Poor credit auto financing enables borrowers to get 90% finance. However, there is no hard and fast rule about the down payment option, but it is true that down payment always helps to lower down the rate of interest. And if you are planning to get a used vehicle purchased, you must ensure that the age of the vehicle is not more 5 years.

Another advantage of poor credit auto financing is that it helps people to come out of their credit difficulties. You may be surprised but this is true that with this option you can always repair your credit status. All you need to do is to maintain regularity to your monthly installments and you will be able to repair your report within a few years.

So, this is the time to stop repent and go for a better deal on poor credit auto financing.



Claudia

Sunil Punjabi asked:


houldn’t have to allow a bad credit rating to ruin your financial life and prevent you from getting the car you need to visit family, commute to work and safely get your kids to school. Even if you have a poor credit rating or not credit rating at all you can still get your hands on a great quality car loan. . Once you have worked out your budget you will able to pick a suitably priced car to match it.

Auto finance companies are now becoming more specifically tailored to meet the needs of people with a bad credit rating. Every company will offer a variety of alternative loans to suit everyone’s needs so even if you didn’t qualify for the loan you wanted you can still qualify for an alternative you may not have been aware of. The two main types of auto finance available are secured and unsecured loans. Secured means your car loan will be guaranteed by a main possession. In the case of cars it is usually the car itself although it can sometimes be your home in some cases.

This means if you fail to meet the payments of your car loan, the auto finance company will be able to possess your car meaning you lose money and the car you needed. With these loans it is ultimately much better for you to fully ensure you can afford the loan taking into the account the worst-case scenario. Because of this risk factor these types of loans are much easier to obtain and so many people with bad credit will choose this option.

An unsecured loan does not require a guarantee on any possession but it will require a good credit history to obtain and it is harder to get this type of loan approved. There are also other loan types and special offers available for your car loan such as a no credit check loan that does not require you to have any kind of credit history either good or bad.

This type of loan will test your ability to pay the loan back currently and you will need to be able to provide bank statements to the finance company to show your economic stability. There are also other things you could do to ensure you get your auto finance approved. If you have the time, you can do simple things such as paying household bills regularly and on time to build up your credit rating. This can have a dramatic impact on your credit history and give you a terrific boost for getting that second chance at a car loan within a few months.

You may also wish to consider if the car you have applied for affected your auto finance approval. If the car is too expensive for your current budget or if it is too expensive against your credit history your application may have been rejected on that basis alone. Before you go for your second chance at a car loan application, you should work out a budget that details all the expenses and financing you need. This should include road tax, insurance, petrol, maintenance and your estimated finance loan. Once you have worked out your budget you will able to pick a suitably priced car to match it. Choosing a cheaper car will give you a better opportunity to getting your auto finance approved

For more information on Regular Finance for Auto Financing, Car Loans, or a Second chance at financement auto, financement automobile (French) in Quebec – Canada – Please do visit the site or write to us.

David

Harm Bell asked:


With the introduction of cheap auto finance, auto financing has become easier for all kinds of people. No matter how much you earn, this financial option will always enable you to avail a vehicle without getting a hole in your pocket.

The availability of cheap auto finance in both secured and unsecured forms have broadened its usability. No matter whether you possess a home or not, no matter whether you are ready to pledge a security or not, you can always opt for these loans according to your choice.

Cheap auto finance will always enable you to get 90-100% finance and for that making any down payment is not a must. These loans can be obtainable for 2-7 years. And you can get any vehicle financed. Even more, cheap auto finance will enable you to get a used vehicle financed as well.

Do you have no credit? Do you have the credit problems like CCJ, IVA, arrear, default or bankruptcy? Do not worry! It won’t defer your possibility in availing cheap auto finance. You can always go for this option and for that, your credit problem won’t be a big constraint.

Of late, cheap auto finance is also available online. A number of sites are offering a chance to grab cheap auto finance. However, online option is believed to be more effective when it comes to a better deal on cheap auto finance. First and foremost benefit of this is the chance of making application anytime. Besides, online auto loan calculator, no requirement of paperwork, obligation free services are some of the positive aspects of the online option.

So, avail cheap auto finance and see how fast you can get your dream vehicle financed without exceeding your budget. You can choose any vehicle even used ones to get financed with this option.



Vanessa

Julie asked:


My son, who is 22 purchased a car 6 days ago, he traded in his “clunker” and his father co-signed for him on a new car.
A week later the dealer said the financing did not go through.
When he was at dealership, the paper work was set they said the credit was good.
Can they do this? What if the clunker is gone?
We live in Kentucky.
What do we do now?
and what about his clunker? what if they already got rid of it?
it was a dealer in Louisville, KY
What if the dealer has alredy destroyed the engine for the clunker program?
I smell a mess on our hands
I looked over contract and did not see anything that says pending financing. It was 9 days ago that he signed the paper work and drove off. Financing is through Nissan

Anita