Reasons That Buying a Car at the End of the Year Can Save You Thousands of Dollars!

End of the year car sales and specials are advertised all over the country, promising to save you thousands of dollars as prices are slashed to reduce inventories and close out the model year. Is the end of the year the best time to buy a car? If you have bad credit, how can you take advantage of special year end prices?

Here are 5 reasons that dealers are bending over backwards to lower prices and move inventory at the end of the year...

1) Car dealerships use something that is called a "floor plan". Basically, what that means is that the dealer doesn't actually have ownership of their inventory, but it is financed by a bank, which charges the dealership interest. The interest is charged to the dealership based on how much of their credit line that they have used for new and used car inventory. So... what does this have to do with year end car sales?

The inventory that the dealership has on hand at the end of the month or the end of the year, costs the dealership interest charges that they have to pay. The more cars that are out of the floor plan at the end of the year, the less the dealer pays for interest charges. This motivates dealerships to reduce inventory at the close of their fiscal year.

2) Also, many manufacturer incentives are offered to dealerships for moving out the current year inventory to make room for new year models that are coming out of the manufacturing plants. So dealers have more than one reason to make a deal happen on December 31st.

3) A third reason that dealers push hard to move cars off of the car lots at the end of December, is because they've all had a slow month as people have been more focused on holiday shopping, rather than car buying. Ending the month of December with strong sales numbers helps them to meet their monthly quotas.

4) Finally, sales management bonuses can be based on the total sales production and number of units sold for the given year. This adds additional pressure on dealership staff to move cars, at whatever cost.

If you have bad credit and you wish to take advantage of the end of the year car sales and special prices, then you may find that obtaining an auto loan through an online lending services to be a quick way to get approved for a car loan that you can use locally.

Real Car Loans For People With Bad Credit Can Help You to Have an Edge at the Negotiating Table

Getting a car loan when you have credit problems is easy.

Getting a car loan with a real loan company that can help you to rebuild your credit, and offer payment terms and interest rates you can live with... well, that's a different story.

The truth is that there are only a few sources online that can help you with a legitimate auto loan if you have a low credit score. More often than not, people just have a hard time finding them because of all of the gimmicks and spam that litters the hallways of this thing we call the internet. Fortunately, you can be provided with some useful direction to help you along your way to getting approved.

Legitimate online auto loans are going to have requirements for approvals. It's better if those requirements are stated up-front, so you don't have to waste your time, or website bandwidth.

Here's a quick rundown:

You have to make at least $1700.00 a month

Any bankruptcy must be discharged unless you have a letter giving you permission to incur debt

You must be a citizen of the United States with a valid social security number

Well, I suppose that about covers it. Getting approved online for a car loan is pretty straightforward, and there's not so much red tape involved as there is with going through the typical car shopping routine. Initiating the financing end of the deal ahead of time saves you a lot of frustration, and gives you a little added negotiating power when you sit down to buy your car.

Real Car Loans For Bad Credit - Avoiding Hoax Offers and Getting Approved With Legitimate Lenders

If you've spent much time online, you've probably asked yourself where the real offers for car loans are at. There are some great companies that can take care of getting you approved for financing with bad credit. Here are a few things you should keep in mind.

Avoid Hoax Offers & Use a Legitimate Lender...

If a company is legitimate and provides real financing or can help to locate a real lender for you, they will be accredited by the Better Business Bureau.

You should check the fine print on auto finance websites and the little "check boxes" on the application forms to make sure that you're not signing up for an extra service. Many of the spam offers have check boxes for loan consolidation or free credit scores, that usually are what is know as a "co-registration offer".

What this means is, that your information is also forwarded to other companies that will try to sell you other products or services. If you're getting a real car loan from a real company, they won't be selling your information to anyone. Real loan applications will also use some form of secure encryption to protect your private data. It's a good idea to review the privacy policy of a loan application also.

As mentioned above, there are some good companies that are in the business of working exclusively with people that have bad credit, to obtain car loans. These types of companies are referred to as sub-prime or secondary lenders. These are the types of companies that you need to be dealing with. It's hard to find them, so sometimes you just have to be pointed in the right direction. It's not difficult at all to get approved with a legitimate lender. It's just a matter of finding the real ones.

Quick Tips For Buying Cars With Bad Credit That You Might Not Have Thought About

Well, if you have high hopes for a newer car and a low credit score to boot, you may find yourself in a difficult situation. There is help if you're interested in getting approved for a newer car or truck, but you'll need to be armed with some information before you set out shopping.

1) Where's your head? Keeping your emotions out of the game is crucial to winning. If you want to buy a car with bad credit without spending thousands more than you have to, know what your options are and use them. Having the mentality that you can't live without a particular vehicle will cost you. Keep those emotions together and think things through. The best thing you can do for yourself is to refrain from selecting a vehicle until you find out what you qualify for. There are some online services that can help you with that.

2) Explore all options. Many people think that they're only option is going to a car lot or using a dealer that finances their own vehicles. That's simply not so. While most everyone with credit problems uses a car lot, you aren't as limited as you may think that you are when it comes to qualifying. There are services available online that can point you in the right direction to finding the right finance company and dealer to work with. By having your credit score and a good idea of what you qualify for in advance, you'll be better equipped to make an informed decision when you choose your next vehicle.

Reputable online companies can help you to find the lender and dealer combination that will work best for you in your local area. It's much easier than you think when you simply know who to deal with.

Qualifying For Auto Financing With Bad Credit is Very Simple

Credit scores are dropping by the day as increasing numbers of U.S. Citizens are finding theirselves having to pay more to live, while making less money. It's good to know that there are lenders that are stepping up to the plate and helping those that are in need of vehicle loans. Not everyone qualified for the CARS program and there is a mass of people in the United States that are in need of auto financing help. Luckily, lending services that cater to bad credit are coming to the rescue. These lending services that cater to helping people with bad credit are opening the doors of opportunity to people that otherwise would not qualify for a car loan.

Qualifying is very simple.

You don't have to have to meet the same requirements that are needed to qualify for prime lending. The requirements are much less and in most cases, you can get away with a great car loan without the need for a down payment. Getting auto financing without the need for a down payment is a big concern for many people. No one wants to have to empty their savings only to have to make a car payment in just a month. There's little need for down payments with these types of services. Even if you've had disasters on your credit report, these options can make a big difference in your financial future. It's great to be able to rebuild your credit without having to have high car payments that are difficult to afford.

Poor Credit History Car Finance - Online Help

If you're looking for car financing you have a poor credit history, you've probably found this difficult to get approved. What you should know is that there are lenders that are willing to help you. It's not so much a matter of if you can get approved or not, it's a matter of knowing where to apply. A poor credit history does not have to stand in your way when it comes to getting good car finance. Although it presents a hindrance with most lenders, there are some that will readily provide you with approval. Knowing what type of lender that you should apply with will help you out.

These types of lenders and I'm referring to really don't even care to have customers that have good credit. That's not what their business for. These types of companies that only deal with people that have poor credit histories are the best places to apply online. Your credit application isn't something that they have to overcome, it's something that they deal with every day.

What could made it any easier?

If you've been wasting your time with regular loan companies and dealerships than you've probably gotten really frustrated with the whole process. The whole process of having to fill out a credit application and wait for hours or days to see if anything can get done, can really wear you out. The solution is working with companies that only deal with people that have a poor credit history. There are some good loan companies online that can help you.

Options For Bad Credit Car Loans - Where is the Best Place to Get Approved

This article looks at a few common and not so common options that you may have available to you for bad credit car loans. It's much easier than many imagine to get approved if you have a job with sufficient income and meet some basic criteria.

One very smart way to go...

Do you own a home? One of the smartest ways to get a great bad credit car loan is to take out a home equity loan. The interest rates are much lower than most bad credit car loan companies charge and the interest is also, drum roll please... tax deductible as mortgage interest. This is one creative and advantageous way of getting the money you need for a car with a secure financing option.

One not so smart way to go...

Buy here, pay here places (those dealerships that you see with signs offering to finance anyone) are popping up everywhere. These are usually small local dealers that have high mileage used cars. They offer to finance anyone that walks through the doors usually, that has a down payment (to cover the cost or a portion of the car) and a job. This is akin to purchasing a vehicle from a pawn shop due to the high interest rates and the pricing (they're betting that you don't look at an used car pricing guide). If you're in a bankruptcy or just have credit that's "tore up from the floor up" then this is an option for getting back on your feet (or off of them).

One not so common option some have...

Local banks (credit unions included) are an option for some if you have an open account with them that is in good standing. Even after a bankruptcy, if you've kept your payments current with a local lender that has treated you well (and you've reciprocated with timely payments) then it's a good idea to check with them first before going elsewhere. You may be surprised what knowing someone can do, too!

One way many are choosing these days...

Online companies that specialize in bad credit car loans and helping people find lenders based on their credit situation/obstacles are some of the best places to look. There are many websites that offer this service, yet you have to be cautious in this day and time to make sure that you're dealing with a good, solid and legitimate company.

Online Auto Financing For Bad Credit

With the way that things have been going lately in America, so many people are suffering from credit problems that are hindering their ability to obtain normal auto financing. If this is you, you'll be happy to know that there are lending services that are here to help with online auto financing. Recent government funded programs that offered trade incentives for people with older cars with poor gas mileage only helped people that had a qualifying vehicle. There is still a segment of the population that needs help and needs in now.

Fortunately... people that have credit problems can now obtain car loans through lending networks that help people based on their incomes. The monthly car payment is based on how much money you make each month. That way, you don't get overloaded with an auto payment that is difficult to afford. After all, if your working to rebuild your credit history, high car payments won't be of any help. You need a reasonable credit offer that you can live with and that will allow you the freedom to have some extra money in your pocket each month.

Online auto financing is available to people that have bad credit, no credit or horrible credit. These types of services match folks up with lenders that have lending guidelines that match the credit history and income of the consumer. There are just simple standards that must be met, like having a monthly income of at least $1700.00 per month and not being currently involved in a bankruptcy.

No Money Down, Bad Credit Car Loans and Everyone is Approved!

You're sitting there at the computer. You understand that you've got credit problems and you're wondering if there is any way that you can get a car loan without a down payment. Maybe you've had slow or late payments, maxed out credit cards, maybe you've had a bankruptcy or your past due on bills right now. Car dealerships have told you that you're going to have a hard time getting approved and if so, will need to put down money.

It's frustrating.

It's downright aggravating, feeling like you have to think about getting approved more than you think about what car you really want. Sometimes, dealers will tell you that you can only get approved on certain cars, usually the cheaper and older ones. Even worse, they want a down payment.

You can avoid all of these headaches.

If you are over 18 years of age, are able to show that you can make the car payments you're approved for (have a job), have a valid drivers' license and are a United States Citizen, you ARE approved.

Forget about everyone that's told you that you've got bad credit. Forget about everyone that's told you that you can't get approved.

Yes, you can!

The secret to getting an easy approval is by using the funding source that helps people with bad credit. The economy has hurt a lot of people and put people out of work. There are many people that need help to get car credit and don't have money to use as a down payment.

If you've got bad credit, you should use a special loan department that specializes in helping people with bad credit car loans with no money down.

No Money Down Bad Credit Car Loan!

There are thousands of companies in American that specialize in helping people with bad credit. There are payday loan lenders, rent-to-own furniture stores, prepaid and secured credit card companies and bad credit car loan companies. Let's take a look at the latter.

In days past, it was very difficult to get auto financing if you had any past credit problems. Now, even a no money down bad credit car loan, is available to most people. There are no secrets to how you fill out a credit application, nor is anything underhanded needed to get approved. You simply have to know where to go to get your loan.

Wouldn't you agree, that out of the thousands of lenders that help people get car loans with poor credit histories, that there is a lender out there that would give you a car loan with no money down? Of course.

The hard part is finding them. What's even harder is that you don't really know how to find them because you have no idea which lender has the standards that will allow you to get approved. Each lender has different lending standards and it's impossible to know what lender to use without applying with them all, right? Wrong.

With the internet age having arrived, there are websites online that search databases of lenders. This allows you to know that you'll get approved, before you actually apply! This is by far the quickest way to a no money down bad credit car loan, that is available to you today.

No Money Down Bad Credit Car Loan Financing

Have you got the bad credit blues? It happens to so many people. When you first start out in life, it's as if as soon as you get a job, you've got access to credit. Everyone wants to give you a chance in the beginning, when you have no credit. It's so easy to get that credit at first and then it's even easier to fall behind on payments and end up with bad credit.

Getting a no money down bad credit car loan gets harder and harder as time goes by. The longer that your credit report doesn't show any signs of improvement and seems as if you have a career of late payments, the harder it's going to get.

There is hope, though.

In today's internet age, there are hundreds and even thousands of lenders that make a business of working with bad credit car loans. No money down is usually available if the loan value of the car matches up with the sale price, which with the way rebates are available on new cars these days, is easy to find.

Your best option for getting approved for a no down payment, bad credit car loan, is to arrange your own financing outside of a dealership. This involves research and work unless you use a website that will show you comparisons of various lenders and what they charge, require and have available in the way of car loans.

These types of services save you money in high finance charges and are very simple to use.

No Money Down Bad Credit Auto Loans - Getting the Financing You Need With No Upfront Cash Down

When most people think of buying a car with bad credit, they think about big down payments and high interest rates. This is mainly due to what people have been told over the years from car dealerships. Usually, when you go to a car dealership, they will only offer a bad credit auto loan with money down.

This is because of a couple of factors...

1) The amount financed is regulated by the lenders. A loan company may approve you for the car that you want, but only finance a certain amount. When it's less than the sale price of the vehicle, you have to come up with the difference.

2) Dealerships ask for down payments because it increases their gross profit. When they can get a maximum retail price for a car, plus a down payment on top of that, they make more money.

3) When you have negative equity in your trade-in, sometimes there isn't enough room to add on that amount to the new loan. A down payment would be required to reduce the amount financed to fit within the guidelines set forth by the lender.

So how can you get an auto loan with bad credit, with no money down?

By using specialized lenders that work with people that have bad credit, you can pre-arrange your financing. This helps you to know what amount of car loan that you qualify for. By knowing this in advance, rather than choosing a vehicle and seeing if the numbers will work, you can know ahead of time if the vehicle will fit within your qualified loan amount.

One of the fastest and easiest ways to see what you can qualify for and also to get approved, is by trying online lenders. There are good companies that provide legitimate auto loans for people that have bad credit, with little to no money down. This can be a real life saver if you've been told that you'll have to come up with a lot of cash, at a local dealership.

No Credit Car Loans - Getting Approved For Auto Financing When You Don't Have Any Credit History

This article briefly explains the options that you have if you have no established credit history and are in need of auto finance. The basic options that you have are outlined and will aide you in your search for an approval that won't break the bank or worsen your situation.

First of all, if you have no credit history, don't go looking for auto financing without credit checks. Wrong answer. You do not want to fall into the trap of buy here pay here car lots, tote the note dealerships or any guaranteed auto financing gimmick. Those types of establishments charge interest rates, down payments and fees that are astronomical in comparison to better options. Worst of all, is that being that you don't have any other option (or so many people think), the prices of the cars are sky high in comparison to their actual value. So we've got that one out of the way. Don't do it.

Next, is online auto finance or financing options through sources online that can match you with lenders that specialize in no credit car loans. These types of companies can help you with auto finance whether you have no credit or bad credit. They match you with lending sources and companies that will provide you with an auto loan approval, based on your income. The payment terms and rates are much more advantageous vs in-house dealership financing. Best of all, with a good auto loan through a legit online source, you'll have the opportunity to build or rebuild your credit history.