advertise your website Login Registration
Submission Guidelines Recent Approved Articles Featured Articles
Submit Free Article
Home About Us Advertising GuideLines Do's & Don't T & C FAQ Contact us
  Home Finance Articles Auto Loans Articles
HostJinni Promotions
Articles Category
Arts & Entertainment
Computers & Technology
Food & Drink
Health & Fitness
Home & Family
Home Based Business
Home Improvement
Just for Women
Kids & Teens
News & Society
Online Business
Online Tickets
Real Estate
Reference and Education
Self Improvement
Sports & Recreation
Travel & Tourism
  Member Area
Author Login
Free Registration
Authors From Country
  Helpful Topics
How to Write Articles
Free Early Approval Tips
Why Article Submission
  Best of Webzine
Leader Board
Most Viewed Articles
Top Rated Articles
  WebZine Status
Total Articles -25430
Registered Authors - 4565
Featured Articles - 340
Articles added this
month - 0

New Car Loan - Think “Out Of The Box” And Avoid Bad Credit History

Loving a car is American legacy! We are born with this amazing passion and love for cars. If you are looking to fulfill your dream of owning a brand new BMW, Audi or a Chevy, you need to take help of auto loans. Now, when it comes to new car loans, one thing that terrifies us is bad credit history. But, rejection because of bad credit history will become history now! Think out of the box when it comes to bad credit score. Read this amazing new car loans guide to stay focused on the road of car buying.

New Car Loans for buying a New Automobile - Why is it necessary?

A new car costs more than $30,000 and prices have been steadily rising. Now, to buy a new automobile, you have to cough up almost $3000 extra. This means car loans have become a necessity.

Everyone wants a Piece of Pie

New lenders and online automobile financing companies have made the auto financing world competitive. Everyone wants a share of customer's spending. This means it has become very easy to get approved for a new car loan.

It's so much easier to get a bad credit auto loan today than it was in the past. Bad credit history is certainly not an issue for lenders now. Here's how you can easily sign the new car loan contract despite bad credit history.

Tips for a New Car Loan with Bad Credit

1. Begin with Budget

We all know how addictive cars can be! So, it's better to know your spending capacity before choosing your dream car. Calculate your income and expenses before deciding on the kind of car you want. It will avoid any further damage to your credit score.

2. Income Proof

Even if you have bad credit on your credit report, it's important to earn a decent income. A good income ensures regular payments. This is very important for lenders who offer auto financing options to bad credit buyers.

Your income proof can be your recent pay-stubs. A self-employed individual can provide IT statement as a validation of regular income.

3. No Down Payment? NO PROBLEM

Don't worry if making a down payment is difficult for you. There is absolutely no need of making a cash down payment. You can trade-in your old car. Its value will be deducted from the cost of your new car and voila! Your Problem is solved.

Most car manufacturers offer rebates in the name of customer incentive. You can ask the dealer to use rebates as down payment. This means you will actually put money down without taking a single dollar out of your pocket.

4. Options other than the USUAL

Most bad credit car buyers are suggested to opt for shorter loan terms with higher monthly payments. It becomes slightly impossible to make regular monthly payments of more than $500. This increases the chances of missing out on payments. So, think creative and understand innovative options that are available in the market before signing on the dotted line. It's better to explore all choices so that you choose the payment schedule that fits you the best.

You can choose balloon payments. With this option, you can make lower monthly payments and then, make a huge payment at the end of the loan term. This can be ideal if you plan for the last payment from the very beginning. Along with an affordable monthly payment, you can put aside some money for the last payment. This will help you avoid higher payments.

According to Wall Street Journal, the average car loan term was 65 months in last few months of 2012. Nowadays, loan terms are as long as 70 months. Today, lenders are looking forward to extend loan term of 97 months. This is because most car buyers are unable to afford high monthly payments. As the durability of cars is increasing every year, they can be used for longer periods. This makes such longer terms a reality.

So, while opting for a new car loan with bad credit history, remember to try out other options. Seek knowledge about the current trends in the auto financing market because it will help you grab the best car loan deal.

All the best for your new car!
Like this article..? Rate it here:  Votes | Average: 1 out of 5  Votes | Average: 2 out of 5  Votes | Average: 3 out of 5  Votes | Average: 4 out of 5  Votes | Average: 5 out of 5     1 votes, average: 2 out of 5    
About Author
Articles Stats
  Published Date - July 2 2013
  Total Views - 139
  Total Votes - 1
  Average Rating - 1
  Comments - 0
  Ms. Kaitlin Miller
When bad credit history is becoming a nightmare in securing new car loans, think of Fast Auto Loan Approval. The company is famous for providing lowest possible rates on bad credit auto loans. Now, fulfill your new car dream with 100% online auto loan quotes. Apply now!
Particular Article
Author Article
  • How to ensure Easy Approval and Affordability on Bad Credit Auto Loans?
  • [2013-10-03 ]
    Car buyers of New Jersey can get easy auto financing options despite bad credit history. Avail lowest rates on your car loan with this NJ car financing guide. Read More...
  • Illinois Car Loans at Low Rates - Get your Dream Car not Disastrous Rates
  • [2013-10-03 ]
    Illinois car loans at lower rates are possible for every car buyer in the Land of Lincoln. You can enjoy better rates and make your car loan affordable with easy tips mentioned in this article. Read More...
  • Everything about the New Car Loan Market in Virginia
  • [2013-09-09 ]
    Buying a new car is every Virginian’s dream. Make it easier by getting an affordable new car loan. Read this article to get a picture of the current auto financing market of Virginia. Read More...
  • Washington Bad Credit Car Loans - Simple Tips for Approval in Seven Days
  • [2013-08-10 ]
    Bad credit car loans can be availed easily in Washington. You can get approved for bad credit auto financing program within a week. Read More...
  • How to Get Approved for Auto Loans in Ohio?
  • [2013-08-10 ]
    With the availability of easy auto financing options, it is possible for everyone to get auto loans approved in Ohio. However, the real challenge is to get the low auto loan rate. Read More...
  • Online Way is the Best Way of Getting Guaranteed Auto Loans in New Jersey
  • [2013-08-10 ]
    Saving significant amount of money on auto loans is not difficult if you are prepared to do some serious shopping and avoid common pitfalls. Read More...
  • Why worry about Cash when you can get approval on Car Title Loans
  • [2013-08-02 ]
    Why worry about obtaining money when you have a car? You can get cash with the help of your vehicle’s title. Car title loans are very common in America and you need not worry about rejection Read More...
  • How to get Poor Credit Car Loan at Low Rates? – 3 Simple Steps
  • [2013-08-02 ]
    Poor credit car loans can be availed easily and that too, at lowest rates. Remove \'poor credit\' from your credit report by availing poor credit auto financing program. Read More...
  • Dealership Financing - A Car Guide for Better Auto Loan Deals
  • [2013-08-02 ]
    Dealership financing gives you access to affordable auto loans. You don\'t have to go anywhere else in search of a car loan because dealers provide easy approval. Read More...
  • Get ready to grab Guaranteed Approval as well as Low Rates on Auto Financing Program
  • [2013-07-23 ]
    Most buyers think that car buying is an uncertain process. They consider low interest rates a matter of chance. But, it’s not so. Be 100% sure of approval with this low rate car financing guide. This article will help you understand ways of securing guaranteed approval on low rate auto loans. Read More...
  • How to obtain Car Loans for People with Bad Credit and No Money Down?
  • [2013-07-14 ]
    No down payment is nothing of a problem for bad credit borrowers. People with credit issues can get guaranteed auto loan approval on auto loans without any down payment. Read More...
  • How to successfully achieve Guaranteed Low Rates on Auto Loans?
  • [2013-07-14 ]
    Deciding on a car doesn’t end the car buying process. To successfully buy a car, you must grab the lowest rates on auto loans. You can follow the tips mentioned in this car financing guide and get the Read More...
  • Student Car Loans – Ultimate Auto Financing Guide for People with No Credit
  • [2013-07-14 ]
    Student car loans are easy to obtain and even no credit history cannot create problem in getting approval. Read this article to ensure that you can easily get student car loans. Read More...
  • New Car Loan - Think “Out of the Box” and avoid Bad Credit History
  • [2013-07-02 ]
    If you are tired and irritated of bad credit history, hold your horses. There’s good news! With increasing competition in the auto loan market, getting a new car loan with bad credit has become easy. Read More...
  • Used Car Loans for People with Bankruptcy – Perfect Way to own a Car after Bankruptcy
  • [2013-06-28 ]
    Getting your first loan after bankruptcy can be an uphill task. But, you can now get a used car loan after bankruptcy and that too, without any trouble. Read More...
      Submit Articles - Free Articles - Online Articles Submission  
      WebZine Articles ( is a registered trademark. All Rights Reserved. 2012