What You Should Know About Leasing a Car

If you’re in the market for a new car, then you may be considering the option of leasing the vehicle. This can be a way for you to enjoy the benefits of a brand new car while being able to afford the monthly payments. Here are the basic things you should know about car leasing. Keep these in mind the next time you are in the middle of searching for a new car.

First of all, it is important to know what a car lease actually is. It is often depicted as a long-term car rental. Generally, you will make monthly payments for a certain time period and then when you reach the end of the lease, you have the option to purchase the car or turn it back in.

There are certain restrictions with leasing a car. So you should be sure to read all of the fine print before you sign a lease. For instance, since you don’t technically own the car you may have to pay for any kind of damages that occur to the vehicle during the lease.

Before you begin looking for leasing offers, you should have an idea of what your personal credit score is. You can usually access your credit score from any of the major credit bureaus.

The leasing specials you often see at dealerships are for customers who have excellent credit scores. If you have a lower credit score, then you can still qualify in some cases for a leasing offer it may just require you to put down more money upfront in the form of a down payment.

As you can see, there are some important points to consider before you decide to accept a car leasing offer. You should make sure that you can afford the vehicle you are interested in leasing. It also helps if you can put down more money upfront as this will lessen your monthly payments.

5 Benefits of Used Cars

When you set out to look for your dream car, you want one that has all the right features but doesn’t break the bank. Used car dealerships offer you myriad car choices, and they are your best bet for finding that perfect car. Here are five of the benefits of buying used cars.

The first and perhaps most obvious benefit of a used car is the lower price sticker. The steepest depreciation in value comes in the first two or three years of a car’s life. When you buy used, you profit from that depreciation, whereas an original car owner inevitably takes a serious financial hit on trade-in.

Used cars tend to come with lower down payments as well as lower prices. Furthermore, insurance and taxes on your used car will be less expensive, which means you have more money in your wallet at the end of the month.

If you want a car loaded with all the hottest tech, the latest safety features or the cleanest engine developments, you have plenty of options to choose from among cars made in the last two to four years. You can get a thoroughly modern car without the sticker shock or the drastic depreciation.

If you are operating on a tight budget, cars older than four years are probably the ones in your sights. Although buying an older used car may not leave you with Bluetooth compatibility, you will still have access to plenty of safety features in cars that date as far back as early 2010.

Last but not least, if your passion is classic cars, you have only one option. Used is the only way to go.

There are plenty of other benefits to buying used cars. These cars give you the greatest bang for your buck and offer you the widest purchasing variety.

How You Can Get a Great Car Lease

You might be surprised to learn that car leasing follows a similar strategy to car buying. It’s all about being prepared before you go to the dealership. In particular, there are a few steps you can take to get a great car lease.

Know Your Prices

Do your homework before you walk into the dealership and know your prices. Not just the wholesale price of the car that you want, but the blue book value of your trade-in, if you have one. You could then negotiate an equitable lease rate and maximize the value of your trade-in.

Negotiate Options

A lease agreement has provisions for options such as down payment, mileage limit, and end-of-lease purchase. Prepare to negotiate the terms of these options with your dealership. Also, the amount of down payment affects your lease interest. A larger sum could reduce the interest rate.

End-of-Lease Terms

Make sure you know what is required when the lease expires and it’s time to return the car. For example, you might need to return the car with fairly new tires. Knowing the terms in advance, could help you to avoid penalties.

Avoid Mileage Overage

Check the mileage terms of the lease. If you anticipate driving over the allotted mileage, then you might want to consider purchasing extra miles at the beginning of your lease. If this sounds like something you’d consider, ask the dealership if you can do this.

Just like a car purchase, you might want to consider coming prepared to the dealership for a lease. Know the wholesale price of the lease vehicle and the blue book price of your trade-in. Familiarize yourself with your lease options and end-of-lease terms and if you anticipate logging a lot of mileage, consider adding extra miles to your lease plan.

Five Steps to Getting a Loan With Poor Credit

Reversing poor credit requires hard work, and that hard work is even more challenging when you don’t have a car. Fortunately, there are some steps you can take to get transportation to and from your job.

One: Have an Open Mind

With a poor credit history, you probably won’t be able to secure a traditional loan, but you may have more success with bad credit car loans. These typically have higher interest rates, so be prepared to pay a little more.

Two: Stay Away From Additional Credit

One of the most common mistakes people make when using credit to make a major purchase is to open up a new credit card or account. You may want to take a look at your credit history, checking for errors and correcting inconsistencies.

Three: Be Realistic Concerning What You Can Afford

There are two important parts to this. The first is your monthly payment. Consider your most difficult months and determine how much of a payment you’d be able to make at those times. Your car payment probably shouldn’t be much more than that. The second thing to consider is the overall cost of the vehicle. Consider how much you’ll have to pay as a down payment, how much maintenance the vehicle will require, and how much gas and insurance will cost.

Four: Try to Find a Co-Signer

If you have a friend or family member with good credit, you can improve your chances for getting a loan. The terms of that loan will also be easier to live with. That co-signer (or co-borrower for even more benefits) will give the lender assurance that the loan will be paid, even if you struggle to make payments.

Five: Don’t Settle

While being realistic about your options, you can still discuss better terms, such as the length of the loan, the interest rate, prepayment penalties, and annual percentage rate. Factors such as the prepayment penalty may be much easier to get rid of, whereas the interest rate may be harder to negotiate.

Poor credit will make obtaining a loan more difficult, but it shouldn’t prevent you from getting a car. Use these tips to improve your chances.

How to Get an Auto Loan With Any Credit Score

Credit scores go a long way in determining what kind of interest rate you might be able to expect on your auto loan. Those buyers with a good credit score can expect to have a lower interest rate and a higher loan amount than those buyers that get auto loans with bad credit. However, there are many advantages to getting a bad credit car loan, including the fact that a bad credit auto loan may be able to help improve your credit.

Here are a few things that you need to know about getting an auto loan with any credit score:

Credit scores make an impact

When it comes to securing an auto loan, your credit score will make an impact. Your credit score is an accumulation of your credit history. If you have a good credit score (one over 700), chances are greatly improved that you will be able to qualify for a good auto loan. Generally speaking, a good auto loan is one in which you will be able to get a high loan amount with a small interest rate. Therefore, people with good credit scores are often able to get more advantageous auto loans. However, we offer auto loans to all of our customers – even those customers with bad credit or no credit.

Bad credit auto loans can improve credit

Because credit scores are based on your credit history and current financial situation, you can help to improve your credit score by making wise financial decisions now. One way to make a great wise financial decision is to take out an auto loan that you then repay on time and in full. When you do so, future creditors will notice that you have a history of being financially responsible and will be more likely to extend a good credit car loan to you. Remember: 35 percent of your credit score is comprised of your payment history.

Get an auto loan today

It is possible to get an auto loan on the same day that you apply – especially when you use our simple online services. You can get started with this loan process by applying for a car loan online through our secure server. We’ll review your loan application and contact you with options right away!

We look forward to helping you get the best auto loan for your needs to make buying the right car easier than ever. Contact us today to get started!

Options For Buying a Car

There are bound to be times in life when you do not see disaster coming. Often, this is true of your car more than anything else. When you are driving around and you suddenly experience a problem with your vehicle, it can mean that financial burdens are on your horizon. Luckily, you might be able to benefit by looking into bad credit car loans. These helpful financial options can be quite useful when you need a vehicle fast.

Understanding Bad Credit Loans

When it comes to taking out a loan, most people worry about their credit scores. With bad credit car loans, on the other hand, you never have to worry about your credit. Your lender will take a look at your credit score and make a financial plan for you based on what he or she learns. This will help you to get a loan with terms that work for your budget and still be able to get a car without having the excellent credit score you desire.

Get What You Need

While there are tons of reasons to explore bad credit car loans, the top reason is that you will be able to get a car without much fuss. If your car gives out on you, it can feel like you are in a hopeless situation. Being able to obtain a car without having to break the bank might be just what you need to learn in order to move forward.

There are many ways for you to be able to get the car that you need after your old one gives out. Looking into bad credit car loans can be a great way for you to be able to take care of business and still come out on top in the end. Do your research and find a loan that works for you and in no time at all you will be ready to get back on the road and driving towards your next adventure.

Is Leasing a Car Right for You?

If you are ready to look for a new car, you might be considering car leasing as an alternative to buying. Leasing a car comes with a variety of benefits, but it’s important to understand the basics before you sign on the dotted line. We’d like to offer you some information about the ins and outs of leasing, and what you might want to know before visiting our dealership so you can decide whether it’s the right choice for you.

The Financial Aspects of Leasing

There are a few financial benefits to leasing a car, but before you jump into a deal, you may want to consider a few factors first. Car leasing usually means lower monthly payments, decreased tax fees and a small down payment, but you might consider if these will benefit your long-term budget needs. For example, if monthly payments are low but the lease includes a hefty drive-off fee, this may reduce your overall savings.

Consider Your Credit Status

Leasing a car can comes with plenty of perks, but it usually requires a good to excellent credit score to qualify. Of course, most dealerships have different requirements and you might be able to find affordable car leasing if your credit score is on the cusp between fair and good. It’s wise to order a copy of your credit report and pay off what you can before you try to obtain a car lease, as a higher score can yield better deals.

Read the Contract Carefully

Before you sign a car lease, it’s a good idea to look over all the terms and conditions carefully and discuss anything that is not clear with your dealership. This can help you avoid fees that were overlooked at signing, such as those related to mileage caps and maintenance requirements.

Car leasing can help you save money on having access to a vehicle, but only if you understand the details of how it works. Being informed and planning your lease can result in big savings, no matter where you drive.

Used Car Leasing: 3 Facts That May Surprise You

Often times, buying a used car and having to deal with car loans go hand in hand. Not all dealerships offer a wide variety of financing options, which may leave you between a rock and a hard place when it comes to being able to afford the car you want. If you are looking for alternatives to securing a car loan, our dealership may be able to help by offering used car leasing, and here are three facts about this option that may surprise you.

Leased Vehicles Are Often Certified

If you are looking for a late-model used car, then leasing may be a suitable option for you because most used vehicles available for lease are certified pre-owned and typically have lower mileage than cars that are being sold directly from the lot. Certified vehicles have usually been inspected, repaired or improved and often include a limited warranty. This generally offers more coverage than a vehicle that is sold as-is and does not include a warranty.

The Payments May Be Lower

Used car leasing options may result in lower payments when compared to purchasing a vehicle outright. In many cases, if the vehicle’s residual value is markedly different than the sale price, you may be able to get a significant break when it comes to the lease payments and allow you to stretch your budget even further. Of course, since the value of each car is different, we can let you know about your options regarding each of your possible choices.

Leasing Choices Can Be Varied

Used car leasing does not have to be limited to certain makes and models. In fact, sedans, trucks and SUVs may be available for this financing option. However, because this type of leasing is not often advertised, you may have to go seek it out. Come visit our lot today and speak with a sales professional who can let you know more about this affordable and little-known path to getting into the pre-owned vehicle you have been dreaming of.

Finding the Perfect Truck

If you’ve been thinking about getting a new truck, you likely already know that there are plenty of great options out there. No matter the type of truck you’re looking to get, you may consider looking into your options for a used truck. Used trucks are generally quite a bit less expensive than new ones, which can help you get into something sooner rather than later. While there are plenty of ways in which you can find the truck that works perfectly for you, here are just a few ideas that you make find helpful as you undergo this process.

Initially, consider exactly what you’ll need your truck for? Will you be doing a lot of towing? If so, you’ll need to get something large enough to handle the loads you’ll be pulling. If your truck will be used for much lighter things, then you’ll probably be able to get away with something much smaller. While it may be tempting to get a large truck either way, keep in mind that large trucks are typically much more expensive than their smaller counterparts, which will obviously play a role in your choice.

When you’ve decided on the type of truck you need, you can compare specs and figure out which ones will best help you do your work. Many web sites exist that will allow you to compare specs of different types of trucks side-by-side. No matter what you prioritize in your search, make sure you compare enough models to feel like you’ve found the best one for you.

Finding the perfect truck isn’t something that needs to be overly complicated or time consuming. You wouldn’t make any financial investment that wouldn’t end up paying dividends, and buying a truck should definitely be considered an investment. As long as you do what you need to do to get plenty of information before making your purchase, you should have no problem finding the truck that will do exactly what you need it to do.

Getting Approved With Bad Credit

Many people find themselves in the position of having less-than-stellar credit for a variety of reasons. Often, many of these reasons may have nothing to do with an individual’s ability to regulate their spending, or being foolish or wasteful in racking up unnecessary debt. Unfortunately, the credit bureaus do not differentiate between someone who deliberately pays bills late or defaults on obligations, and someone who is trying very hard to keep above water financially, but who has simply fallen on hard times and is trying to make ends meet. Once your credit history becomes speckled with late payments, bankruptcies, or other negative reporting, it can be very difficult to get things going in the right direction again.

It used to be that only the best of the best credit scores were eligible for vehicle financing, while anyone who fell short of that was forced to rely on public transportation, taxicabs, or the goodwill of family, friends, or coworkers. Not having your own car can be exhausting and can limit your freedom in going anywhere, anytime. Wouldn’t it be nice to go out for a night on the town without constantly checking your watch to make sure you can make it home before your public transportation stops running for the evening? In addition, while owning a vehicle comes with certain financial considerations—such as gas, insurance, and maintenance—not owning a car can often cost you a significant amount of money, too. Bus and rapid transit fares can add up quickly. What’s more, limiting your mobility and independence can cost you if you’re looking for a new job.

Bad credit car loans can and do exist. In fact at Fleetwing Cars we specialize in getting you approved, no matter what your credit background may be. You don’t have to feel embarrassed—we work with people who come from a wide range of financial backgrounds, and are experts in matching you with a bank or lender that can help. Apply today!