Posted Tuesday, Feb 04, 2025
A “buy here, pay here” dealership is a type of used car dealer where cars are financed directly on the lot, as opposed to the usual process of applying for a loan through traditional lenders such as banks or credit unions. BHPH dealerships offer in-house credit options, which means that people with less than perfect credit or […]
Posted Tuesday, Feb 04, 2025
A bad credit auto loan is a financing option that enables borrowers with damaged or poor credit to purchase a set of wheels. These auto loans usually come with high interest rates and other downsides. That’s why it’s important to understand the details of your car loan before accepting and regretting your choice in the […]
Posted Tuesday, Feb 04, 2025
Your credit score significantly affects your ability to finance major purchases such as buying a car. The credit scoring system is used to assess an applicant’s risk and predict their ability to repay their debts. Generally, the more credit you have, such as loans or credit card debt, the lower your credit score will be, […]
Posted Tuesday, Feb 04, 2025
You absolutely need a car to get to work, run errands, and manage daily life. But if your credit score isn’t ideal, securing a car loan in this situation can feel like an uphill battle. Lenders might be hesitant to approve your application, or offer terms with high interest rates and short repayment periods. This […]
Posted Tuesday, Feb 04, 2025
The Annual Percentage Rate (APR) reflects the costs connected to your loan and the annual payment required for interest and other fees when buying a car, and it is mainly based on your credit score. Your credit score informs lenders about your capability to repay your debt; typically, individuals with high credit scores receive a […]
Posted Tuesday, Feb 04, 2025
A cosigner is someone who agrees to take on equal responsibility for the loan repayment along with the primary borrower; having a cosigner can increase your chances of getting approved for the auto loan if you’re not meeting the lender’s requirements. They usually have a good credit history and a stable income, and adding their name to […]
Posted Tuesday, Feb 04, 2025
A car warranty offers full coverage for repair or replacement costs of Buying a new car guarantees full coverage regarding repair costs due to defective parts of your vehicle. However, if you have chosen to purchase a used car, it does not mean you can face the cost-free benefits that a warranty provides. While a […]
Posted Tuesday, Feb 04, 2025
While the excitement of purchasing a new car is understandable, it’s crucial to approach the financing process with clear judgment, especially for those with less-than-ideal credit scores. Several factors can influence your loan approval and terms. The good news is that securing a competitive loan with a lower credit score is possible. However, understanding and […]
Posted Tuesday, Feb 04, 2025
Auto loans provide a flexible way to fund your car buying expenses. It includes the vehicle’s purchase price, interest and any applicable fees you choose to finance, and you’ll have to repay the loan in fixed installments over a set period with interest charged on the money you have borrowed. It may be evidently difficult […]
Posted Tuesday, Feb 04, 2025
When purchasing a used car, it’s important to note that it comes with the responsibility of constant maintenance to ensure its functionality and longevity. By following these simple car maintenance tips, you can safeguard the credibility of your care and keep it running smoothly for years to come. In this blog plot, we’ll teach you how […]