5 Tips for Getting Auto Financing with No Credit and a Low Income

You can get auto financing even if you do not have a long credit history or a high income. However, the amount of financing and the terms you receive are determined by your credit history. If your goal is to own a vehicle, then focus on this goal instead of the type of car you receive or your interest rate. #1 Shop for a Loan FirstMany people make the mistake of shopping for a car first, and then seeking a loan based on the type of car...

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First Car Loan? How to Avoid Being Scammed

Getting your first car loan can be an exciting time in your life. The thrill of owning your first car is often an exhilarating experience. Knowing that something is all yours has a certain appeal. It is this excitement that often leads us into poor decisions when it comes to auto loans. In fact, you might be getting scammed and not even realize it. Here are a few ways to avoid being scammed on your first auto loan. Extra RequirementsIf...

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5 Tips for Financing a New Car with Bad Credit

You can finance a new car with bad credit as long as you have no major installment debt defaults in your recent history. If you very recently experienced bankruptcy or a home foreclosure, you may need to lease a car for a few years as your credit recovers. If your credit is low due to previous missed payments, a short credit history or other flaws, a car loan may be just what you need to start getting your finances back on track.  #1...

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3 Reasons to Avoid Dealership Financing

Dealership financing is generally an option when you purchase a new vehicle. The financing may be provided through an auto manufacturer's financing arm, such as the Nissan Motor Acceptance Corporation or General Motors Acceptance Corporation, or through a private dealer's financial company. In either case, you will be purchasing your vehicle from the same person lending you the money for the purchase. This streamlined option is often the fastest...

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3 Tips for Getting a Great Deal on a Car

If you are looking for a good deal on a car you are definitely not alone. Shopping for a car is usually one of the biggest purchases that most people ever make. When you are potentially going to be spending several thousand dollars on something, you want to make sure that you get the best value that you can. Your car is something that you will use on a daily basis. You want it to work flawlessly during the time that you own it and you want...

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How to Renegotiate a Car Lease

Whether you renegotiate a car loan or renegotiate a car lease, the process is essentially the same. You are asking your finance company for changes to a contract. In most cases, you are asking for changes that will benefit you and not the finance company. As a result, you will need to provide accurate and reasonable information to substantiate your request.  Hardship RenegotiationPerhaps the easiest form of renegotiation is a hardship request....

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How to Take Over a Car Lease

If you are planning to lease a car, you consider whether its wise to take over a car lease first. Taking over a car lease is a relatively easy thing to do with little paper work and can lead to savings. For one, you do not have to make a down payment to the car leasing company. Next, you are not stuck with a long lease period. By taking over a car lease, you get to test drive a car for a couple of years before turning it in. This...

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