The 10 Steps to Buying a Legit Pre-Owned Vehicle

Purchasing a car be it new or pre-owned can be very hard. Always ensure you make the best choice when buying a pre-owned vehicle to prevent headaches for years. Do not just jump on buying a car because it is cheap. Remember the car could be in very bad shape, illegally altered or even stolen. For these reasons, you need to do a proper check before buying a used car.

Steps to buying a used car.

1.Set your budget.

You should have a target and know how much you are willing to spend on the car. Remember to include maintenance costs in your budget since you will need a mechanic to check it out. You might also want to customize it to your liking. Include this in the budget too. Set aside a “just-in-case” fund if the car is out of warranty to cover unexpected costs.

2.Come up with a target list.

Come up with a target list of the type of cars you desire. List them down so that you can narrow down your search. You could check online auto-dealer marketing to get more options. See more.

3.Do your homework and research well.

Research online on the cars on your list intensively. Know their pros and cons. Research on the prices. You will obviously eliminate some in the process. Remain with at least two model types that you are interested in.

4.Visit reputable dealers in your area.

Now it is time to visit those reputable car dealers. Ensure it is near your home because you will need to communicate with the seller frequently and inspect the car.

5.Check the vehicle’s history.

No one wants a car with a bad history full of accidents and mishaps. Run a used car history report. This is done by getting the identification number and having it checked. This will provide you with servicing information.

6.Inspect the owner.

It is good to contact the seller. Get to know him/her. If you have difficulty communicating, chances are you will have problems negotiating and finishing the deal. Avoid quick deals. Take your time to establish a good relationship with the seller.

7.Test drive.

This is the time to inspect the car. Is it comfortable enough? Test drive to see how it feels. Pay attention to any sounds indicating damaged parts. Pay attention to the exterior too. Check the paint for scratches and dents. Inspect the tires too. Ensure the trunk is clean and there is a spare tire.

8.Bring your own mechanic.

There are minute details that a mechanic will pay attention to and easily identify. He/she should make an overall inspection of the exhaust system, engine, etc.

9.Negotiate with the seller.

Try coming to an agreement with the seller. Remember what you had budgeted for. Do not overspend. The reason why you are buying a used car is that it is cheaper than a new car. keep this in mind as you negotiate.


Do not leave without insurance papers, certificate of ownership or transfer of title and warranty papers if available.

When you follow these steps carefully not only will you have made buying a pre-owned vehicle easier, but you will get the best car with the best deal possible. Learn more details at


Bad Credit Car Loans: Getting Behind the Wheels With Bumpy Credit

When a borrower has bad credit, it will be a good start to begin with credit report. Every borrower is assigned credit score based on their performance with previous loans. It is a three-digit number that most of the lenders use to evaluate the risk while lending your car loans. Each one of the credit bureaus—Equifax, Experian and Trans Union will have a copy of your credit report. Most lenders use Fico score which ranges from 300 – 850. Fico score 580 – 500 and less means bad credit. This means you are heading for bad credit car loans. Now knowing your credit score is important for many lenders can take advantage of your ignorance. read more information about auto industry at

Customers suffer from bad credit circumstances do not mean they are bad people. It only means things happened! And every loan lender that is providing you with bad credit car loans do understand that. With car loans for bad credit you not only get the car you want there are added surprises on the runway.

Chances that you are getting bad credit car loans are extremely bright. Banks, credit unions, finance companies all are providing loans for bad credit. People who would not qualify for bad credit car loans just five years ago can now easily meet the criteria. If you are interested in reading further information about getting a Bad Credit Car Loan Now, click at

Bad Credit Car Loans: Getting Behind the Wheels With Bumpy Credit

Not every loan lender will be offering bad credit car loans but there are lenders who are ready to take the risk. You will find many lenders offering bad credit car loans. Therefore, it becomes necessary for you to search. There are many lenders who would make false claims. Look around for interest rates and terms offered. Compare the various bad credit car loans and then opt for the best one.

With bad credit car loans there is an added benefit. Bad credit car loans are a great tool to rebuild credit. If make no faults with your bad credit car loans then they can actually improve credit. Your performance with bad credit car loans is bound to shine in your credit report if it is good.
Many borrowers who think that with bad credit they have no options and have to take whatever they are offered. This of course is not true. There are many options available with bad credit car loans. Therefore, look around carefully. You will find that the search is worth it. You will save a lot in the long run. Plan ahead when you are looking for bad credit car loans and you are bound to find a bad credit car loan that places you behind the wheels you want.

The best way to protect your investments is knowledge. An uneducated lender will always pay more for bad credit loans. First know the real cost of the car you want to purchase and add the dealer’s profit. This will be the bad credit car loan amount you will be applying for. Make sure you can afford it. Just because you can get bad credit car loans doesn’t mean you have to take it. If you feel you are not sure regarding on repayment then refrain first from borrowing until such time that your financial condition will be much better.

How to Get a Bad Credit Car Loan Now

Here’s Why Getting a Bad Credit Car Loan Is Easier than You Think

Lowest Delinquency Rates

The delinquency rate is the percentage of auto loans that have not been paid by the borrowers. TransUnion in its first quarterly report of 2012 mentioned that auto loan delinquencies are down to 0.36% which is much less compared to 0.46%—the fourth quarter result of 2011. These figures have proved that borrowers are more serious and diligent in making regular payments. To read further information about TransUnion, click here.

Upswing in Vehicle Sales

7.3million—that’s the total number of vehicles sold in the first half year of 2012! There has been a 14.8% rise in car sales since last year. This sale can be attributed to many factors like car manufacturers are pushing for car sales. Even European auto makers consider the American market profitable. They are vying for higher sales in America because of problems in their economy. With this new development, you can get newer car models and better incentive programs. Also, easy flow of credit has played a major role.

Investors’ Trust

Investors are buying securities made up of car loans as they are comparatively safe and profitable. They fare better than home loans because cars are major requirement for us. We may give our home but a car is necessary for our employment. This makes them a safe bet. The recent example of this is how companies like GM Financial, Santander Consumer USA and other lenders have issued $ 10 billion of sub-prime car loan related ABS. This is a 20% jump from last year. Detailed information about Santander Consumer USA can be obtained by clicking here.

How to Get a Bad Credit Car Loan Now

Are You READY For A Bad Credit Car Loan?

Before getting a bad credit car loan for people with bad credit, you must consider these important points so that you don’t doubt your decision later.

1. Regular payments are extremely necessary to improve your credit score and to avoid it from further deterioration. If you make on-time payments, you will get better interest rates next time.

2. Most lenders have lock-in period during which you cannot refinance or trade-in your car. This is usually the first six months or the first year of the loan term. So, don’t choose any car loan that makes you uncomfortable because you will be stuck with it for some time. Take time to analyze and select a bad credit car loan quote.

3. It’s important that you choose an inexpensive yet efficient automobile. Buying used vehicles the most affordable option with you. It is a perfect choice because its depreciation rate is lower than new cars. While choosing a car, don’t forget to check its title. Get it inspected from your trusted mechanic.

4. If this is your first loan after your score nosedived, you must be ready to pay a higher interest rate.

5. Choose a shorter auto loan term so that you don’t increase any chance of an upside down auto loan.

These important cues are very needed in reaching your good decision. You must understand that bad credit auto loans are easily available but you can make them more comfortable by remembering these points. To read further information about the Strategies to Renew Your Hope of Getting Bad Credit Car Loans, click at