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Great News for Bad Credit Auto Loans

Friday, September 21st, 2012

If you happen to be in the 73% of Americans who require bad credit auto loans to purchase a new car, you will get some great news below. Auto Loans for Bad Credit are being Approved Again

There are hundreds of thousands of people all across the US who couldn’t get financing to buy a car during the last 4+ years and this information below confirms what we are already hearing across the country.

This new auto loan industry report applies both new and used car loans. So if you have been putting off buying a new or used car, the time is right!

 

Report Shows Auto Loan Industry Will Continue to Rise
Equifax and Moody’s Analytics joined together in a study of new U.S. consumer credit data from CreditForecast.com, and believe the auto market will continue its healthy rise throughout 2012, according to a press release. “After spending recent years in financial doldrums, U.S. consumers are poised to make a comeback in 2012,” said Equifax Chief Economist Amy Crews Cutts. “The most promise we have seen has primarily been within the consumer spending and auto financing sector.” Since the auto industry bailout, the nation’s largest car manufacturers have vastly improved. Auto loan originations have soared, and the delinquency rate is amongst the lowest when compared to other types of financing. Car loans have been demanded and been paid back with such efficiency that the average interest rate recently dropped to a four-year record low.  Equifax and Moody’s believe the 27 percent increase in demand for car loans demonstrates momentum that will yield positive results through 2012. Demand has grown because the auto industry continues to provide supply—something that’s grown more and more uncommon in the lending world. Foreclosure, default, lost jobs, and underemployment have all negatively impacted credit scores, but the auto loan industry sees those factors for what they really are: uncontrollable. As a result, they have relaxed their lending standards and ventured into the world of subprime lending, which hasn’t been seen since the real estate boom of the early 2000’s. By disregarding credit scores—or at least approving auto loans to those with lower-than-acceptable scores—the auto loan industry has successfully bolstered and propelled their market to the forefront of the lending world. 

Equifax and Moody’s are the best sources for what is really happening when it comes to auto loans. Now below you are going to find out about something that just might have you out looking for that new car tomorrow.

Auto Loan Down Payments with Bad Credit
Car buyers with less than perfect credit often view a down payment as either a stumbling block or a necessary evil. But the fact is that putting money down also has its advantages.  

Overall this is fantastic news. Not only are the banks aggressively buying but you have a lot more flexibility when it comes to down payment. Check it out below:

I personally know many people who weren’t able to buy a new car over the last 4 years so this couldn’t be better news for them. They will all be reading this new exciting information and I expect someone will be shopping for a new tomorrow.

If this information has been informative and helpful to you, please consider sharing with your friends and family using the buttons below.

 

Personal Finance Strategies For The Real World

Thursday, December 1st, 2011

Taking control of your personal finances is a task that you really should not put off. Many people know less than they would like to about this vital field. You do not need intensive training or long-term schooling to cultivate your personal finance skills, though. This article presents a few quick tips that can improve your financial savvy.

Read More…

The Procedure Of Getting Bad Credit Auto Loans

Friday, August 19th, 2011

Bad credit auto loans are not easy to get because they are only offered to a selected group of individuals and therefore you must know how they are offered and the basic rules and regulations even before you visit a nearby lender. You might also realize that different lenders have different terms and conditions so therefore you need to approach most of them and try getting the best of them all. You cannot always get to the first lender you approach and settle on negotiating a deal. You must try as much as you can to get the lender with favorable terms that you can easily meet. Read More…

The Basic Information On Auto Loans

Thursday, August 18th, 2011

Many people today have enjoyed the benefits of applying for auto loans and they have their vehicles to show for that. However, before you even think of applying, you need to know a thing or two about these loans. For starters, remember that car loans are not awarded to minors. Therefore, an applicant must be 18 years old and above. But that does not mean that a student cannot secure a loan. If he or she is below eighteen, there is need for a co-signer to help out in the acquisition of the auto loans. Even with that, the individual should also have a legitimate driver’s license. Read More…

Manage Your Credit Before Seeking Auto Loans

Friday, August 12th, 2011

In times of serious financial needs, people usually opt for loans – be it auto loans to buy a car or any other financial assistance. Most of the loan providers that people can turn to always want to pull up your credit report and evaluate your credit score. This is the only way to determine your creditworthiness before loan disbursement. From the credit history and score, the lender can determine your loan repayment attitude, the time duration you take to complete repayments, any court judgment results, such as a bankruptcy ruling, and many other elements of your financial behaviors. Read More…

How To Get An Auto Loan Easily

Tuesday, August 9th, 2011

It is not that all American households have ready funds accumulated to buy a new car when they need it. Just like the other households, you could need a source that will give you the funds then repay with time while having the car with you. This is why there are very many auto loans lenders not only in America but all over the world. They basically deal in offering loans. Read More…

Get Auto Loans With Bad Credit

Friday, August 5th, 2011

Are you having trouble thinking of how to secure auto loans with your bad credit? Do not worry anymore. You are not alone because research shows that many individuals in the world today have bad credits owing to past financial mistakes. So stop blaming yourself for your present predicament. Obviously the circumstances posed by the current economic conditions can make one mess up. Therefore, instead of lamenting, do the following and see for yourself the success. Read More…

Get Auto Loans Today Despite Your Credit

Wednesday, August 3rd, 2011

Auto loans have always helped many individuals achieve their dreams of owning cars. Almost every car owner you will meet bought his car with the help of these loans. You can also get an auto loan despite your credit rating. Read More…

Four Things You Should Remember About Auto Loans

Monday, July 25th, 2011

Auto loans are very different from the other common types of loans that are given out by banks or other money lending facilities. They contradict them in most aspects in a way that they even do not share any common thing a part from both being referred to as loans. While the other loans from banks attract high interests, the latter are unique because they attract low interests. They are therefore very cheap to service since they only accumulate a very insignificant amount on top of the loaned cash. Read More…

Why You Should Get Auto Loans

Tuesday, July 19th, 2011

Most of the time, you might be having the desire and interest to buy a car but due to financial difficulties, you may not be in position to. That is a challenge that is faced by many people worldwide and there should be methods of doing away with it. One of the very best methods is through getting auto loans. Read More…

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