Here are 12 easy steps to follow when you are getting ready to buying a used car.
Before you even begin to look at cars, set a budget. Once you know the value of your trade-in, you’re ready to create a budget. Whether you’re paying cash, trading in a car, and/or financing, figure out exactly how much money you can spend. If you’re financing, know what you can afford in monthly payments when buying a used car.
Decide what you want and need. Everyone has different wants and needs. Figure out these and you will narrow down your options well.
Start with online research. The days of “tirekicking” are over. It is no longer necessary to go to a dealership to find out their inventory. This will give you an idea of the inventory in your geographic vicinity. Initially, I cast a pretty wide geographic net in order to compare prices, options, etc., but once I [...]
Bad credit, no credit, after repossession or filing bankruptcy doesn’t mean you can’t buy a car, But it’s not all bad news. Everyone needs some sort of financial help at some point in life. bad credit car dealerships, bad credit low interest car loans, bad credit used car loans, bad credit car loans reviews, bad credit finance car loans, bad credit car loans Houston, no credit need a car, how much credit needed to buy a car, need a car loan and have bad credit, need a car loan today, need a car loan now, in house financing, in-house auto financing, need personal loan for a car, need car loan bad credit, car loans, need a car loan with no credit, first time buyer no credit. No matter your situation we can help! We can show you how to buy a car with bad credit.
OK so you just completed a Bankruptcy or you have bad credit and find yourself needing a different vehicle but aren’t sure if you can get financing or even how to prequalify? Worry not, because it is easier than you think. Northwest Auto Loan in Tacoma has been helping people with Bad Credit get auto loans with over 25 years of combined experience. There are many finance companies and banks that offer bad credit auto loans to consumers mostly through the dealership’s finance department. In house financing is also a great option when offered through a reputable dealer like Northwest Auto Loan. It is also a good idea to get prequalified before you begin to shop. Adrian Johnson has been at Northwest Auto Loan of Tacoma for ten years and in the sub prime finance business for over 20 years and he claims “If you have any questions about your credit then getting [...]
Buy Here Pay Here (BHPH) car lots distinguish themselves from other used car lots because BHPH dealerships offer on-site financing.
If you have bad credit, no credit, or in bankruptcy, you may find BHPH dealerships to be your best option. Even if you have good credit or don’t need financing, BHPH dealerships offer great deals on certified pre-owned vehicles.
While “buy here pay here” financing may be your only way to obtain a vehicle of your own. Make sure you do your due diligence and make an educated decision beforehand.
Buy Here Pay Here lots have to abide by stricter laws since they are also effectively a finance company. Any BHPH lot that does not follow state and federal rules and regulations will not be in business for very long.
For example, all BHPH dealerships will have to follow the Truth in Lending Act (TILA). This requires the dealer/financier to disclose the [...]
The debate betweeen buying a used car vs new car can be daunting. With a complete picture of the key factors to consider, you can make a more confident purchase decision. Here is a look at the benefits and drawbacks of each. Spoiler alert: There is no clear winner in the used car vs new car.
Price of used car vs new car
Used — Traditionally, price has been the biggest advantage in the used car vs new car corner.
New — The sticker price on a new vehicle will always be higher than its used equivalent.
Used — A used car may have a lower purchase price, but it could come with a higher interest rate. Used car dealers and financial institutions typically don’t offer the next-to-nothing annual percentage rates that you can get with a new car loan. For example, if you finance $20,000 at 4% APR for 60 months, you’d pay nearly $2,100 [...]
There are a lot of different places you can go when buying a pre-owned car in Seattle. One of the decisions you may be struggling with is whether you should buy your car from a private seller or a used car dealership. There are pros and cons to each option. We’re explaining them to you, so you can make the choice that’s best for you!
Pros and cons of buying a pre-owned car in Seattle privately
Some people prefer to buy their car from a private seller. Although we don’t suggest going this route, it does have some advantages.
You may get a lower price: One possible advantage of buying a used vehicle from a private seller is that you may be able to get a lower price. This is because you won’t have to pay dealer fees and other fees associated with used car dealerships.
Easy price negotiations: You may also have the [...]
If you have ever purchased a used car from an individual in Seattle, then you may be familiar with private party auto loans. Private party auto loans are loans made by banks, or lenders, which allow you to purchase a used car from an individual. Usually, applying for a private party auto loan is no different.
Used Car Auto Loans
One of the quickest and easiest ways is to apply for private party auto loan is to do so online. There are many websites that give you the ability to apply for any type of auto loan. This portion of the process takes about 24 hours.
Once the requirements clear, arrangements will be made to receive the check. A check can take up to 5 days to arrive, but most banks will offer it to you within a day or two.
Getting the Best Rates
If you have excellent credit, then the bank will be able [...]
A bad credit auto loan is one of the many types of loans that typically don’t require people to go into a bank. Instead simply have to fill out a few forms on the Internet. Unfortunately, this means that loan scammers can easily take advantage of people who are trying to find a car loan. These auto credit loan scams are very easy to implement. It’s crucial that you always check the Better Business Bureau and other agencies before you give up your personal information. Here are some common bad credit auto loan scams that you need to look out for.
Auto Credit Loan Scams Using a Co-Signer
People who have no credit at all or bad credit may require a cosigner in order to obtain a legitimate car loan at their bank. However, some scamming auto loan lenders will tempt you to find a cosigner. You may think that finding a cosigner will aid you [...]
You’ve done the research, and you found the perfect car! Now it’s time to buy it. For most people, they are excited about getting behind the wheel but forget they need to pay for it. That is where car loans come in.
The Basics of Car Loans
A car loan is an agreement you make with a bank or other financial identity that with them buying your car for you, you will pay them back. While interest rates are very low, there still is a profit margin for this establishment to give you the money upfront. This is a very smart way to go about purchasing a vehicle because it gives you the flexibility to pay back as you can. Northwest Auto Loan will work with you, regardless if you have bad credit, no credit, or great credit! We are a buy here pay here shop looking to help all of our customers!
Buying a car can be a huge ordeal. From finding a car that you are in love with, to financing, and many other aspects. You want to go somewhere that you can get the best deal but you also want excellent customer service. Limiting yourself to one or the other can be tasking. Head on over to Northwest Auto Loan in the Tacoma, Washington area instead. We can be the difference in your car buying experience!
Northwest Auto Loan in Tacoma
Visiting one of their locations or going online, you can find a huge selection of cars to choose from. Even better? If they don’t have the exact car that suits your needs, they can help you find it. Using their resources, they will be able to find the car that is exactly what you are looking for in the price range that you need it to be in. The goal of Northwest Auto [...]