Bad Credit Car Loan Vs Guaranteed Auto Financing – Will You Save Money?

You’re in the market to buy a new car and that’s great. Today most everyone buying a new vehicle will need some form of auto financing and if you find your personal finances or credit are less than perfect, you can still get a very affordable car financing if you know how.

An informed car buyer is a smart car buyer. When you know your auto financing options and you have your car financing set up and approved before you talk to any sales person, you can walk into a car dealership and negotiate a better deal on your terms without feeling intimidated, regardless of your financial situation.

If you know that you have certain credit challenges, you should understand the differences between bad credit car loans and guaranteed auto financing.

Bad Credit Car Loans…

Bad Credit Car Loans typically have been available through new car dealerships on the purchase of a new car or a pre-owned certified used vehicle. The actual auto loan financing paper-work is handled at the dealership but in general, the bad credit car loan finance contract is sold off to another lender. That lender will maintain and service your loan. Loans typically have a term of 24 months up to 60 months. The downsides to a bad credit car loan are that many franchise car dealerships are not set up to arrange these type loans in-house, interest rates and cost can vary widely and limit your auto purchase choices.

Guaranteed Auto Financing…

Guaranteed Auto Financing differs from a bad credit car loan primarily in that this type financing is offered directly by smaller or independent auto facilities. Your finance contract is provided by the actual auto wholesale dealer and the loan is paid directly to the auto dealer that sold you the car. In other words, you would be financing your car purchase from the company that owns it and sold you the vehicle. Guaranteed auto financing is used for the purchase of used or pre-owned vehicles and not typically for purchasing a brand new car or truck. Loan terms are shorter than more conventional auto loans and they rarely offer terms over 36 months.

The big advantage to guaranteed auto financing is that often no credit check is required to obtain this financing. Payments are normally made weekly and sometimes in person. One disadvantage to this type of auto loan is that many car dealers providing guaranteed auto financing will never report your credit to the credit bureaus. So if you’re making payments regularly and establishing an excellent payment history, this will not be reflected in improving your personal credit profile or your credit score.

Your best approach would be to start now and see what financing options are available for you. There are excellent specialized auto financing services available online today that offer a whole range of affordable car loan programs even if you’ve been turned down for financing or you have poor credit, bad credit or other financial considerations, you’ll be surprised at how they can help you to buy a new car.

You see now that there are major differences between a bad credit car loan and guaranteed auto financing and there are other financing options besides these. Get approved for the best car loan for you first, then walk into the car dealers and negotiate on your terms.

And now I would like to invite you to a free resource where you can compare different auto loan programs and access the leading networks of car financing companies and dealers that specialize in affordable bad credit car loans [http://www.badcredit-car-loan.com] and helping people across the US and Canada to buy a car with bad credit. Visit [http://www.badcredit-car-loan.com]

Article Source: http://EzineArticles.com/expert/Albert_Lane/878774

 

Auto Financing Available Even For No Creditors

Being young at age most of the college students usually have no credit or limited credit with them, and therefore most of the lenders are unwilling to offer low interest auto loans to them. But, this is not always the case, as with the auto loan market becoming more and more competitive every day, auto loans for students with no credit or for people having bad credit history are still available. It is very natural to find that in most of situations people having poor credit history are ignored credit card loans by many of lending institutions like banks, credit unions and many financial institutions.

The best way out in which you can avail auto loan is to analyze your credit report and in case you find any kind of inaccuracies in it, report them to the credit bureau. And if you have shown bankrupt, then you need to disclose the proof of bankruptcy by attaching a copy to the credit report and send it to the credit bureau.

Applying for bad credit student auto loans or auto loans for students with bad credit is generally one and the same thing. You need to produce authentic proof of your credit record along with address proof and documents showing how much you can afford to pay every month. Lenders in some of situations might also ask for utility bills or credit card bills, but that differs from lender to lender. Further, in case, you are having a credit score is above 640, it becomes easy to finance an auto from a regular bank or financial institution.

Co-signer Is Not Necessary In All Case

Lenders usually will tell to place a co-signer with a good credit standing to back the loan as an option when low down payments is done. But putting good down payments would not be mandatory to have a co signer for loan. Still these matters vary from lender-to-lender. However remember that; there are many of the prime lenders will not settle for this score and ask for a co-signer to authenticate your auto loan application. Another thing to consider here is that in case your bad credit loan is rejected by a lender, it becomes very difficult for you to go to another lender and avail a bad credit car loan. Therefore it is very important that you apply with for the bad credit car loan carefully considering all the points.

So get ready and tie up your buckles and avail low interest auto loans, if you are studying in college or university or self employed or an employee. There are specially designed auto loans available at affordable interest rates, provided you can show to the lender on how much you can really afford. It is always a better option if you avail used auto loan as interest rates would be marginally low besides having low monthly payment you can afford to pay regularly and increase credit score.

You will find individual lenders who are dedicated in providing online auto financing to borrowers who have no credit history. So being college students you can consider taking benefit of the same and finance a new or used vehicle to solve your transportation problems. Beside all, buying a car would help you save lots of time and energy which can be used to focus more on your education career and achieve good degree.

Marshall Fairchilde is a periodical writer on AutoLoanFinance.net; a US based company that provides information about online auto financing for college going student who are seeking to get no credit auto financing option.

Article Source: http://EzineArticles.com/expert/Marshall_Fairchilde/851896

 

Key Points to Consider When Shopping for Business and Commercial Auto Insurance

Coverages Available in Commercial Auto Insurance

Business owners realize the importance of making sure that their business is well protected from all risks that can affect their businesses. A vehicle that is owned by the business may put the business in jeopardy of a lawsuit in the event of an accident if the accident is caused by that vehicle or its operators. The following are key points that business owners need to remember when shopping for commercial auto insurance.

Personal or Business Insurance: Take commercial auto coverage anytime the vehicle is titled in the name of the business, regardless of the size of car and regardless if the car is for doing business or pleasure. The titleholder of the vehicle (in this case it is the business) may be sued as a result of at fault accidents, bringing the entire business in a legal preceding. If the insurance coverage is not under the name of the business, then the business may have some issues related to the validity of the insurance coverage.

Liability Limits: Insurance companies offer different liability limits, from the basic limits mandated by law (in Illinois it is 20,000/40,000/15,000) to as high as one million dollar for every accident. A business that insures its commercial vehicles at the basic liability limits of ($20,000 bodily injury per person, $40,000 bodily injury per accident, and $15,000 property damage per accident) is certainly running in a big risk of losing its business assets in case of at fault accident involving their business autos with death or serious injury to others. High insurance limits are required to avoid losing business assets in case of auto accidents.

Vehicle Classification: Improper classification of the commercial auto may result in voiding insurance coverage, therefore, rendering policy useless and putting business in significant risk of losing business assets in the event of at fault automobile accident. A truck that is used by an electrician has different classification than a similar truck used as a dump truck. The two trucks have different classes and their premiums are not similar in amount.

Autos that are titled in the name of a business, or ones that is used to run a business must have commercial auto insurance coverage. The following are examples of automobiles that need commercial insurance coverages:

All trucks (local or long hauls), Artisans and all contractors, Messenger and delivery services, Ice cream vendors, Landscaping, Limousine services insurance, Para-Transit transportation insurance, Religious and non-profit, Food services and restaurant insurance, Pickup truck insurance, Truck insurance, Tow truck insurance, Dump truck insurance, Landscaping insurance, Snow plowing, Commercial Vans. etc.

Business Auto Mandatory Coverage Includes:

(1) Liability. In the State of Illinois a minimum of $20,000 bodily injury per person, $40,000 bodily injury per accident, and $15,000 property damage per accident is required from all registered vehicles, personal or commercial. Some commercial autos that need federal filing or state filing may need higher limits. For example, a limo operating in Chicago need to have a minimum of $350,000 in auto liability. A truck that transports hazardous materials is required to have at least one million dollars in auto liability coverage.

(2) Uninsured Motorist/ UM Coverage. In Illinois a minimum of $20,000 bodily injury per person, $40,000 bodily injury per accident is required for Uninsured Motorist/ UM coverage. These are the limits that your insurance company will pay people in your business vehicle in the event of them being injured by some uninsured motorist. This coverage may not apply if the accident is work related, and if the business workers compensation policy comes in the picture.

(3) Other coverages may be required, based on the nature of the business. For example, certain long haul trucking businesses are required to meet FHA Insurance Requirements, and their filing may be require to have Cargo Coverage in place.

Some Optional Coverages for Business Vehicle Includes:

(1) Physical Damage Coverage- Comprehensive coverage will pay for physical damage to the insured vehicles caused by a variety of risks, including fire, lightning, theft, vandalism, hail and flood. Collision will pay when the auto is physically damaged in an accident involving another vehicle or a stationary object, such as a wall, telephone pole, or guardrail.

(2) Underinsured Motorist/ UIM Coverage. In Illinois a minimum of $20,000 bodily injury per person, $40,000 bodily injury per accident is required for UIM (Underinsured Motorist, bodily injury.) These are the maximum limits that your company will pay people in the insured commercial vehicle in the event of them being injured by an insured motorist. Remember that this coverage will not apply if the accident was work related.

(3) Medical Payments: The coverage will pay medical care expenses for the insured(if you are not covered by workers’ compensation) as well as passengers in your auto.

(4) Hired and Non-owned Auto: Pay for damages the business is legally obligated to pay due to bodily injury or property damages that happens during the use, loading or unloading of hired or non-owned autos used for your business.

Ed Sneineh: Founder of Insurance Navy, an independent insurance broker chain in Chicago. Insurance Navy is licensed in Illinois and Indiana for Business Insurance. The agency provide coverage for Business Insurance Quotes.

Article Source: http://EzineArticles.com/expert/Edward_Sneineh/272575

 

How Are Used Auto Loan Rates Calculated?

Used auto loan rates are calculated in much the same way as for any kind of loan in that they incorporate risk assessments. The formula for deciding rates for loans is usually devised by assigning a percentage to the value of the risk an applicant poses. This is often decided by the information that the applicant supplies requested by the lender. Different lenders use different methods to evaluate the suitability of their applicants. Used auto loan rates for example, will depend on the age of the auto in addition to the amount requested, the suitability of the applicant and several other considerations.

Each type of loan and each individual lender will have its own unique risk and other factor assessing formula. Used auto loan rates will always differ depending on the applicant, the car and the lender and their particular calculation method. If you are looking for the lowest used auto loan rates then it is just a case of finding the lender that will offer you the best rate for your level of borrowing risk. Just because you have good credit it does not automatically qualify you for the best rates. If you have poor credit or no credit history you will need a lender that accommodates this, without excessive penalty.

Hunting for the best used auto loan rates makes sense if you do not want to pay more than you need to. You can usually assess how a certain financier will base his risk assessment formula from the questions on the application form. Some lenders and some loans are reliant mainly on security while others rely purely on an applicant’s ability to pay. Each loan application to buy an auto is individually assessed and the appropriate rate can then be applied.

By calculating used auto loan rates in this way, lenders are adapting their prices in accordance and they are therefore minimizing their risk. The set percentage is determined to fully accommodate risk factors from the applicant not repaying, and the additional risks associated with the auto’s condition and market value. If the resale value of the auto is not greater than the loan amount, then allowances will have to be made for this. In this instance you can expect to pay more than you would if the auto is only last years model.

The formula for calculating used auto loan rates only really differs from other types of loan calculating methods in its assessment of the value of a product that is not new. If an auto is not new it will have a reduced market price and therefore its condition may need to be taken into consideration. The lender will use reliable data to estimate the probable value of an auto before used auto loan rates are decided. This estimation is used alongside the applicant’s details to calculate a suitable fee that will provide the protection cover required. This is how an individual’s rates for a loan to buy a used auto are worked out by lenders.

Bad credit? Need a car loan?

Good or bad credit, new or used car – whatever you need, we can find a loan for you at http://www.autoloansspot.com Jason Deberry is an experienced financial advisor and consultant for autoloansspot.com, #1 auto loan website.

Article Source: http://EzineArticles.com/expert/Jason_Deberry/749998

 

Auto Industry and Social Networking

It is well known fact that every business needs to market itself and its product to attract the target consumers. The marketing tools should be such that they should be able to reach out to the consumers easily. With the changing times, our methods of marketing our products have also changed and now, in the present time, we see social networking as one of the strongest ways to market our brands. The auto industry in the USA has also started using social networking site in the USA to reach out their clients and develop good business relations with them. It allows them to reach out to them and promote auto accessories and other products through it.

The ecommerce statistics prove that the social networking site helps business groups to reach out to the clients and increase their sale. Initially, it does take time to catch people’s attention and inform them of the group. But once the company manages to get a large group, the same is reflected through the increased sales. The auto industry in USA has experienced the advantage of social networking site and this is why many of them are using it to enhance their sales of auto accessories. The social networking sites are slow but are effective and affordable means to market any business.

When it comes to marketing through social networking site, people find it to be cheap and very effective. As compared to other kinds of marketing tools, this method uses personal appeal which works well on the target consumers. This has encouraged the auto industry also to use it to inform the target consumers about new auto accessories, both interior and exterior accessories and any other new products related to auto field. Since the social network allows people to interact with each other, this kind of marketing enjoys a personal appeal which is certainly more effective than other marketing tools.

Marketing the brand through the social networking site is quite easy as well. In order to market auto industry, the industry owner can simply create a group that is devoted to auto accessories or anything related to his product and service. People interested in those services and products can join the group and learn about the same. Creating the group allows the auto industry to identify the target consumers and they can then market their brand to them.

The social networking sites encourage people to participate in discussion also and help the auto industry to get their feedback. For every industry, feedback is considered to be important as it helps them to understand the consumer’s demand. Most of the auto industries also spend a lot of money to conduct surveys and get the consumer feedback. The social networking sites help them to get the feedback online itself and help them to cut down on that expense.

Many of the US auto company prefer to interact with their target consumes online. They use the social networking site to tell the consumers about the new products and services and also take up their queries related to it. This kind of one on one interaction is preferred by the consumers also as it gives them better satisfaction and encourages them to buy the particular product or service.

There are different social networking sites like Facebook, Twitter, LinkedIN, YouTube and many other popular sites. The different auto company uses these sites to advertise their auto accessories like seat covers, ventvisors, bug deflectors to name a few and other kinds of products via photographs, videos and text. They initiate discussion and also share videos that demonstrate how people can use a particular product or service. This certainly attracts the target consumers as it helps them get a good demonstration and this further helps the company to increase its sale.

In a social networking site, like minded people get to be together and express their views on a particular product or service. This helps in initiating discussions and thus the prospective consumers also get a chance to get answers to their queries. Thus the social networking sites are very useful for auto industry. They can use it as a platform to advertise the new products and also to launch new services.

Mr. Walter is an expert of Automobile Industry as he contributes his valuable and intelligent thoughts for Automobile Industry readers. Get the latest updates on Chrome Auto and to available best deals in Bug Deflectors [http://www.chromeauto.com/bug-deflectors.html], seat covers visit our website chromeauto.com/ [http://www.chromeauto.com].

Article Source: http://EzineArticles.com/expert/Walter_Mc_Grath/790081

 

Massage in Bucharest

Recognize it! You’re busy! And so must be! That’s what life is like! But you want more than that, you want to do more for yourself and massage can help. Because massage makes more than a simple relaxation of the mind and body. It keeps your body in shape and gives you enough energy to make you enjoy a longer life better than you do it today.

Massage releases stress. At the moment, stress is a universal evil. Every time you are late, every time you avoid a car in traffic, every time you have trouble working, stress is doing his job. Each time adrenaline increases heart rate and cortisone levels and organs respond to the measure. You will be in a state of nerves and constant agitation.
When there is no release of stress, serious problems such as an upset stomach, hypertension, sleep disturbances, chest pain, or existing illness may worsen.

Some of the changes that may occur are: Anxiety, lack of concentration, depression, permanent fatigue, muscle or bone pain, sexual dysfunction, excessive sleep or insomnia

All these stress-related problems can be diminished and some can be totally eliminated by massage. The researchers concluded that a massage session can lower heart rate and blood pressure, relax your muscles and increase endorphin production. The massage also releases serotonin and dopamine and the result is a general relaxation, both physical and mental.
Our body care must be at the top of the priorities.
By adding the massage to your routine you will look much better and you will be much healthier and relaxed. Massage can improve your vitality and mood. Massage can prepare for a long and beautiful life.

Our masseuses personalize each massage session according to the needs of the individual.
Our massage parlors offer a variety of relaxation styles and techniques to help you. Apart from relaxing, massage can be a powerful ally in reducing pain, increasing energy levels, improving mental and physical performance

We recommend : HotAngels , VipZone , JadePalace , ThaiPassion

After a massage session, you will see how the mental prospects are enriched, the body allows easier handling, better pressure resistance, relaxation and mental alertness, calm and creative thinking.
When you have the impression or force yourself to stay straight, your body is not actually aligned properly. Not only does the posture look bad, but it forces some of the muscles to go muddy all day, while others become weaker. After a long time, the incorrect position may cause other drops. For example, internal organs press on what affects digestion, breathing ability is also diminished, which means that much less blood and oxygen reaches the brain and hence all sorts of other complications.

Massage allows you to return your body to the track. Allowing the body to make healthy and accurate movements is one of the greatest benefits of massage. Massage can relax and restore muscles injured by bad posture, allowing the body to position itself in a natural, painless position.
Apart from posture, there is also anxiety. One of the signs of anxiety and stress can also be heavy breathing. When the body begins to breathe too little and deeply instead of breathing at a natural rithm, it is impossible for one to relax. One reason may also be that the chest muscles and the abdomen get tightened and the air gets harder.

Massage plays an important role in learning the body how to relax and how to improve breathing. Respiratory problems such as allergies, sinuses, asthma or bronchitis are a group of conditions that can benefit from massage. In fact, massage can have a positive impact on respiratory function.

Many of the muscles in the front and back of the upper part of the body are breathing accessory. When these muscles are tight and shorten they can block normal breathing and interrupt effective breathing natural rithm. Massage techniques for stretching and relaxing these muscles improves breathing function and breathability. Massage leads to an opening of the chest as well as structural alignment and nerve dilatation that are required for optimal pulmonary function. A good way to treat respiratory problems with massage is the taping made in Swedish massage. When done on the back, along with vibrations, it can detach the mucus from the lungs and can clean the airways for better later function.

Massage not only relaxes muscles, but helps people become aware of daily stress levels. Once the body recognizes what really means relaxation, the mind can rest easily relax before the stress becomes cornice and harmful. This will help you enjoy a balanced life. Massage controls breathing, allows the mind to re-create relaxation before the occurrence of chronic and harmful stress and increases the level of energy.