Wednesday, June 28, 2017

A Step-wise Guide on Selling a Car in Virginia

Selling your car in Virginia? Make sure that you finish the selling process efficiently. It will ensure you peace of mind. And, for buying a new car, trust RapidCarLoans.net. Apply with the online auto financing company for instant auto loan approval for buying a new car.

Spending time on repairing the car is essential for quick selling. However, having adequate knowledge the selling process is also equally important. From the title transfer to removing the license plates and notifying the insurance company are some of the essential steps that you should follow while selling your car in Virginia.

A Step-wise Guide on Selling a Car in Virginia

Selling a car is a long process. With a million things to take care of, it can often become a tedious task. Therefore, it is imperative to keep in mind the various steps in the process of car selling.

The state of Virginia has specific rules which need to be adhered to while selling your car. As Virginia is the 12th most populous state, amongst the 50 states of America, the number of car buyers is huge. But, do not worry about making a successful sale. With the following stepwise guide, you will be able to make the most of the car selling process in Virginia.

How to sell a car in Virginia?

1) Title Transfer

The primary step is the transfer of the title to the buyer. In order to move ahead with the title transfer, you will need to provide the required details and obtain a title certificate. The laws of Virginia require you to provide details of the buyer’s name and address. You will have to provide an odometer reading and the sales price of the car. Also, make sure that the buyer provides the required details for the successful completion of the title transfer.

2) Remove your License Plates

Prior to handing over the car to the buyer, remove your license plates. Once you have removed your license plates, you can either transfer them to another car or return them to the Department of Motor Vehicles of Virginia. You can obtain a refund in case the registration on your license plates has not expired and the plates are valid for another 6 months or more. In order to obtain a refund, you will have to inform the Department of Motor Vehicles of Virginia about the inactivation of the license plates and fill in the Application for Vehicle Registration Refund form FMS 210, respectively.

3) Notify your Insurance Company of the Transaction

After selling your car, you should inform your insurance company about the sale. In case you are thinking of another purchase, you can transfer the liability coverage to the new car. Before cancelling the liability coverage, make it a point to inform the Department of Vehicle Motors of Virginia in order to avoid any confusion. If the insurance company cancels your policy and the Department of Motors Vehicle of Virginia has records that you own the car, your driver’s license will be at risk. Therefore, inform the Department of Motor Vehicles of Virginia and your insurance company about the sale of your car.

Selling your car in Virginia can be a time-consuming process. However, the above step-wise guide can surely come to your aid while selling your car. Rapid Car Loans helps you to make a quick car purchase with instant approval on bad credit auto financing in Virginia. Contact the company for guaranteed approval on bad credit auto loans in Virginia Beach City, Arlington, Richmond, Newport News and other cities of Virginia.

Monday, June 26, 2017

How to Effectively Negotiate a New Car Price?

Purchasing a new car can become a fairly complicated process. It means spending hours on researching a suitable car, testing long forgotten math skills to calculate the finance terms and prepping to get the best price out of a car deal. However, the benefits to negotiate a car price are plenty. With a negotiated price, not only do you pay less money but you can also use the money and invest it elsewhere. Learning how to effectively negotiate a new car price is a skill that you can master. Keep the following tips in mind while you set out to negotiate the price of your next car.
4 Top Tips on Effectively Negotiating a New Car Price

1) Do Your Homework

Before turning up at the dealership, make sure you have done enough research regarding the car you wish to purchase. Conducting a good research will assist you in getting a clear picture of the type of car you want, the required features and the approximate budget you can allocate to the car. Many car manufacturers have special prices on their website. You could use the research to your advantage during negotiating the price of the car. If you go into the dealership with an idea of a fixed car and an approximate price, you will be able to dismiss any attempted sales tactics to make you buy an unnecessarily expensive car.

2) Visit Several Dealerships

After conducting a thorough research, try to visit more than one dealership. Amongst all the prices, compare the price of the lowest deal with another dealer and ask if he can beat the previous price. Another reason to visit various dealerships is to get the car with all the features you require. Expanding your reach will enable you to obtain the best price while still retaining all the features of the car you wish to purchase.

3) Negotiate on the Total Amount

Many a times, an illusion of a lower monthly payment clouds your judgment. A low monthly payment is usually spanned out over a long time frame with a heavy interest rate. In order to negotiate the lowest price, make sure you negotiate the final price based on the total amount of the car. Additionally, if you provide a down payment and repay the remaining amount within a short time frame, you will be able to make a better offer to the dealer.

4) Lay a Floor Price and a Ceiling Price

During the process, have a mental range between which you would like to negotiate your car. The floor price is the lowest price at which you should start negotiating. Usually, the floor price is 5 to 10 percent lower than the car manufacturer’s price. Alternatively, a ceiling price is the final price up to which you are willing to pay. If any dealer quotes a price that is higher than your ceiling price, you should shop around and look for other options. Therefore, a floor price and a ceiling price will assist you in cracking your deal and help you purchase the car within your range.

While purchasing a new car may be a long process, negotiating the deal doesn’t have to be. Consider the above pointers before you set out to negotiate the price of your next new car.

Get Financing for Buying your New Car with RapidCarLoans.net

Once you have negotiated the car price with the dealer, RapidCarLoans.net will help you to get best auto loan deal. Do not worry about your bad credit history because the online bad credit auto financing company has a plethora of experience in managing bad credit auto loans.

Why Does it Make Sense to Buy a Discontinued Car Model?

Often while planning to purchase a car, the right model and the car manufacturing brand become the key deciding factor. Many a times, the research proves to be outdated as some car models become discontinue.

When a car manufacturer stops producing a model because of a number of reasons, it is called a discontinued car model. However, the benefits of buying a discontinued car model outweigh the risks. Buying a car model which is no longer in showrooms can mean greater savings. If you are planning to purchase a car, the following points will help you to comprehend why it makes sense to buy a discontinued car model.
Why Does it Make Sense to Buy a Discontinued Car Model

1) Discounted Purchase Price

A discontinued car model will have a significantly lower price than a brand new car. One of the benefits of purchasing it is that you get a new car for the price of a used car. As a buyer, you are in a good position to get a favorable deal for a discontinued car model. The dealer needs to move inventory to create space for new cars in demand. Therefore, it becomes easy to negotiate a price that suits your wallet.

2) Shared Spare Parts

Many car buyers hesitate to purchase a discontinued car model due to the potential risk of unavailability of spare parts in the future. You can minimize the risk as many car manufacturers continue producing car parts long after they stop manufacturing a car model. Additionally, you can transfer many spare parts of current car models to the discontinued car model. While purchasing from the manufacturer can become expensive, you can find shared spare parts easily. Thus, if the car requires repairing in the future, you can mend it without any tension.

3) Wide Choice of Selection

It comes at a relatively cheaper price than a new car. The value for money received from buying a discontinued car model significantly increases due to cheap pricing. The money spent on purchasing a new car can mean compromising on a few features. However, purchasing a discontinued car model can aid you to step up your choice of selecting a better car. Therefore, you can avail a pool of upgraded features for a lower price.

4) Warranty Period

When you purchase a recently discontinued car model, chances are that you eligible for warranty. During the warranty period, the servicing and maintenance of car parts are the responsibility of the original car manufacturer. Many manufacturers produce parts in high volumes to cover the entire warranty period. Thus, you will be able to repair a discontinued car model easily, until it falls under the warranty period. And, a mechanic or an expert can attend to any defect after the warranty period is over.

Purchasing a discontinued car model may bring some risks with it. However, there are many benefits of buying such a car. It can be a lucrative deal for a car buyer looking to make an affordable purchase. So, next time when you want to buy a car, consider a discontinued car model.

RapidCarLoans.net is your ideal car financing partner. Our quick financing deals make sure that you buy the car of your choice easily. Consider the reputed company for bad credit auto loans and get ready to become a proud car owner.

Tuesday, June 20, 2017

Your First Car Loan will help you to build your Credit Score

Buying your first car is an exciting experience. But, to buy your first car, you need to apply for your first car loan. And for getting the loan, you need a good credit score. But, what if you have zero credit score? Don’t worry. You can approach the lenders who help first time car buyers. With the help of a specialized lender, you can buy your first car. And, by making timely payments, your credit score will improve as well. It’s like killing two birds with one stone!

Car Shopping Tips for First Time Car Buyers
  • Consider your Lifestyle

  • The car market is a vibrant market with several options. A different car is available for each income group. If you are confused about choosing a car, your lifestyle will help you in defining your car. Do you need a fuel-efficient car or a car that has backseat space for the kids? The choice remains with you.
  • List down the Car Models

  • Make a list of car models based on your requirement and budget. Which type of car pleases you and your family? Is it a sedan, a hatchback or an SUV? You should take into consideration various factors such as family size, utility, road conditions etc. before making a decision.
  • Prepare a Car Budget

  • Inspect all your financial resources to calculate your budget. The price of the car isn’t the only cost that you need to consider. You need to remember different costs such as insurance, fuel, maintenance and loan payments.
  • Apply for your First Car Loan

  • Shop around for the best interest rate. First car loans are available at banks and car dealerships. And, due to competition in the financial market, the interest rates are quite low. Thus, affordable interest rates will make becoming a car owner affordable for you.



    Look ahead: How to get your First Car Loan and improve your Credit Score?
When you are buying a car for the first time, you may explore various financing options. As you are a first time car buyer, you are likely to have zero credit score. Therefore, qualifying for your first car loan can be difficult. But, there are a few things which will help you in buying your first car.
  • Pay a large down payment to the dealer. It will enable you in obtaining the best interest rate. As a result, your monthly payments will become manageable.

  • Using a co-signer will significantly increase your chances of getting approval. The creditworthiness of the co-signer will help you in buying your first car.

  • Search for specialized lenders. There are people who provide car loans even when you have bad credit history or zero credit score. Compare various financing options available to you and choose the right one!

  • If you are loan application is approved, make timely payments because it will help you in building your credit score.
When you are a first time car buyer, buying a car can be an uncertain process. And, trying to obtain your first car loan will contribute to the feeling of uncertainty. But, when you are persistent, nothing is impossible. Shop for your first car loan today and buy your first car. It will provide you the opportunity to build your credit score.

A Certified Pre-Owned Car guarantees more Bang for your Bucks

With the rising population, the most stressed sector in today's world is transportation. Due to reasons such as uncertain weather conditions and unexpected delays, you cannot rely on public transport. Therefore, it is best to buy a car for commuting from one place to another.

Amidst the different available options, what kind of car shall you prefer in order to get the maximum benefit out of your budget? Without a doubt, one should go for a certified pre-owned car. The necessity of owning a car and limited budget has helped the certified pre-owned car business flourish in America. You need not to worry about the quality of the car as the dealer certifies it. Plus, it attracts special benefits and offers that you do not enjoy when you buy a normal used car.

Here are some of the reasons why preferring a certified pre-owned car over a normal used car guarantees more bang for your bucks:

You get the Best Quality Car

A car with the best quality is eligible to become a certified pre-owned car. The simple reason is that the dealer does not want to spend extra bucks on maintenance and reconditioning of the vehicle. So, he chooses a car that is in a decent condition. A certified pre-owned car, practically, does not require any maintenance in the near future. So, you should not worry about anything.

Thorough Inspection of the Car

Before certifying a car, the dealer inspects every bolt of the car in order to find the tiniest fault. Once the dealer notes all the faults, he reconditions the car. Once satisfied, he certifies it as a certified pre-owned car. The main advantage of buying such a car is that you need not worry about it as the dealer addresses every major or minor problem.

Extended Warranty

Since the dealers recondition the car, they remain tension-free regarding the quality of the vehicle. Due to the same reason, they provide extended warranty to the car buyer. Having additional warranty will make you tension-free regarding the maintenance of the vehicle.
Some dealers also provide road-side assistance free of cost along with extended warranty.

Low Interest Rates

Despite the higher cost of a certified pre-owned car, lenders provide low interest rates to car buyers. It will lower your monthly payment burden. It is because a certified pre-owned car is as good as a new car. And, lenders don't differentiate between a new car and a certified pre-owned car. So, they charge the same interest rate on both the vehicles.

More Offers

Since a certified pre-owned car is equivalent to a new car, dealers as well as lenders never hesitate to provide you with additional benefits. Dealers also provide free insurance, reduction in price, additional discounts etc. on special occasions.

You can enjoy the same discounts on a certified pre-owned car that the auto manufacturer offers you for a brand new car. Therefore, saying that you get the maximum benefits by spending the minimum amount of money cannot be wrong. So, buy a certified pre-owned car because it guarantees more bang for your bucks.

Are you interested in buying a certified pre-owned car? Obtain loans for buying pre-owned car with the help of RapidCarLoans. Apply with America’s favorite bad credit auto financing company to enjoy low interest rates on your next car loan.

Monday, June 19, 2017

Bankruptcy Auto Loans: Where there is a will, there is a way

There is no better time than now to fulfill your dream.

If buying a car is your dream, do not let anything ruin it. A financial problem such as bankruptcy cannot keep you from becoming a proud owner of your favorite car. Buying a car with bankruptcy can be a challenging task but it is not an impossible one. All you need to do is be wise and patient in making decisions.

When it comes to tackling a financial issue, every detail is important. Not every situation is the same. Remember that approval chances are different for different bankruptcy situations. So, consider your situation before visiting a lender’s office.

On-going Bankruptcy

It means that the bankruptcy process is not over. If you want to opt for an auto loan during bankruptcy, lenders will shy away from you. As you have not discharged your current legal obligations, they will not approve your loan request easily.

Discharged Bankruptcy

It means that you have paid your dues and finished the bankruptcy process successfully. Once you come out of a bankruptcy situation, you will find that there are many lenders who are ready to approve your loan request. But, remember that the interest rates will be high because of your damaged credit score. So, it is wise to go through all the paperwork and consider all the factors before signing the dotted line.

Dismissed Bankruptcy

If the bankruptcy court dismisses your case, the creditors are free to approach you for collection of their dues. If your plea is rejected by the judge, it becomes difficult for you to get an approval for the auto loan. But, all is not lost. A BHPH dealer can help you in buying a car. He will consider your job stability and income to make a decision. If you are able to support the auto loan payments, he will approve your loan request.

Don’t wait for Things to happen

Do not worry if your financial situation has landed you in a bankruptcy court. It doesn’t mean that you should put brakes on your car buying dream. If you have a good track record of paying loans, you stand a chance of getting an auto loan after bankruptcy. Here’s how you can improve your approval chances:

Look for Better Interest Rates

Lenders are likely to provide you with high interest rates and lengthy loan terms to keep the monthly payments low. And when you are financially weak, you will believe everything that the lenders tell you. But, do not agree with any lender before searching for better interest rates in the market.

Shop with Care

Though it is difficult to get an approval for the auto loan after discharging bankruptcy, it is not impossible. Do your part of research for the available options. Be clear about your situation with the lenders. Remember that your honesty can become an important reason for getting an auto loan.

Approach a Cosigner

Buying a car with bankruptcy is difficult, but a cosigner can help you with it. A co-signer is responsible for making payment towards the auto loan. With a cosigner by your side, you don’t need to worry about anything. His credit rating will improve your chances of getting a quick approval.

A bankruptcy may make you feel weak. But, it cannot stop you from buying a car. Conduct thorough research before making a decision. Remember that a strong will to buy a car will result in guaranteed success.

Refinancing your Car Loan can reduce your Financial Burden

Buying a car is a good feeling because a luxurious car increases your status. But, don’t allow a car loan to ruin it. By refinancing your car loan, you will be able to enjoy smaller monthly payments and lower interest rates than before.

A car can put a smile on your face. But, a terrible car loan has the potential to convert the smile into a frown. If you are not comfortable with your car loan, it will make managing the monthly payments difficult. In such a situation, refinancing your car loan is the right way of putting your worries to rest.

It simply means replacing your existing car loan with a new one and with different terms. The new lender will pay off your current car loan. Also, you will be able to enjoy benefits such as smaller monthly payments and lower interest rates than before. But, before you think about it, there is a lot to learn about refinancing your car loan.

Accurate information is the Key

Refinancing your car loan with bad credit can be a difficult task. It is better to be prepared with the following information beforehand:
  • Personal and Contact Information:

  • Date of birth, social security number, citizenship status, marital status, home address, telephone number and email address.
  • Employment and Income Information

  • Employment status, name of the employer, work-place phone number, total monthly income and other income sources.
  • Car’s Information

  • Manufacture year of the car, VIN number, details of the current car loan and information of the current lender.


The Joy of Refinancing a Car Loan

Why is refinancing your car loan a good idea? Most people see it as a medium to save money. Some people wish to lower their monthly payments. Others opt for it to reduce their interest rates or to adjust their car loan terms. There are various reasons to opt it. Before you make a decision, understand its possible outcomes:
  • Reduction in Monthly Payments

  • It will help you in reducing the monthly payments. How? It is possible because the new lender will provide you with better interest rates. As a car buyer, lower monthly payments should be a priority for you because it will have a positive impact on your financial situation.
  • Reduction in Interest Rates

  • If you make timely payments to the current lender, your credit worthiness will improve. And, you will be able to obtain low interest rates while refinancing your car loan. It means the total payable amount will reduce due to lower interest rate.
  • Reduction in Loan Term

  • You may consider refinancing your car loan with an aim to change your loan term. If you opt for a shorter loan term, the total interest amount will reduce. And, you will be able to save a considerable amount of money.
Refinancing your car loan is worth a try! It will help you to lighten your financial burden. And it will provide you with favorable outcomes in the future as well. So, make a decision of refinancing your car loan today and leave your financial worries behind!

Sunday, June 18, 2017

Subprime Auto Loan: A Step towards improving your Bad Credit Score

Today, everyone needs a mode of transport to commute comfortably. And, cars have become a necessity to commute from home to work. But when you step out to buy a car, you will realize that it is easy to make a purchase with an excellent credit score. But, what if you have a bad credit score? Or, what if you are a first time buyer with zero credit score? Do not worry. You can still buy a car and improve your credit score with subprime auto loan. It is an effective way to begin the credit rebuilding process.

Everyone Cannot Fit into the Prime Category


Prime borrowers are people with excellent credit scores. They are likely to pay off their dues on time. So, lenders prefer to work with them and do not hesitate in providing them with low interest rates and flexible loan terms.

Everyone wants to enjoy the benefits available to a prime borrower but it is not an option for bad credit car buyers. Subprime auto loan is available for those people who have bad credit scores or zero credit scores. The loan provides you with an easy way of improving your credit score.

Work Hard Today, Reap Benefits Tomorrow


As you are a subprime car buyer, you may find it difficult to obtain an auto loan. But with a subprime auto loan, your credit score cannot stop you from buying a car. In addition, you will get an opportunity to improve your credit score by making timely payments. Consider these points before you apply for the loan:

1. Save Money for a Down Payment

It may be difficult for you to arrange money for a down payment. But, you can ask a friend or a relative to help you with it. It is essential because it will reduce the loan amount and enable you to lower the interest amount as well. There are additional benefits of a higher down payment such as obtaining better interest rates and ensuring higher chances of approval.

2. Read between the Lines

There may be some understated clauses in the loan agreement. It is wise to read the agreement with caution. Clarify the terms and conditions with the lender. And before finalizing the deal, make sure that you are well-versed with the agreement.

3. Be Flexible

Pick out the right car that suits your budget. As you are a subprime car buyer, you may have to settle for a low-priced car. It is essential to choose a cheap car. It is because a lender is likely to approve a car for which you can afford monthly payments. So being flexible in choosing the car will help you in easing the loan process.

4. Be Regular

Keep a healthy habit of making the payments on time. The timely payments will look good on your credit report. It is a great way of buying a car and improving your credit score at the same time.

When your credit score is not good, you may be turned down for an auto loan. But don’t worry because subprime auto loan is there to help you out. Remember that you can drive down the road of credit recovery with the help of the loan.

Apply for subprime auto loan with RapidCarLoans and get ready to enjoy a quick financing process. Get in touch with the bad credit guaranteed car loans specialist today.

Out-of-the-Box Car Buying Tip: Organize a Garage Sale for the Down Payment

Getting money for making a down payment proves to be the biggest hurdle while buying a car. Everybody knows that more the down payment less is the loan amount. It is the reason why every car buyer tries to pay a higher down payment amount. If you also wish to do the same, there's a way through which you can accumulate extra bucks and minimize the loan amount: Organize a garage sale.

Organizing a Garage Sale helps you in more than One Way

It may not seem appealing in the first place, but a garage sale has more advantages than you think. Look at some of the advantages that it offers. They may urge you to organize one.

  • You can earn lot more than you can imagine
You look into your garage and see all the trash lying around for decades. If you want to throw it in the bin, stop and re-think. Something that may look like trash to you can be a treasure for someone else. Restorers and collectors hunt for old mechanical parts, machineries; tools etc. and give a handsome price for it.

A garage sale may surprise you.  If you are a collector, the feelings associated with the items that you collect are enormous. Garage sale may not only help you to earn money, but it also ensures that your collectibles go to someone who respects it and cares for it. So, search for old toys, antique tools, documents and photographs because they will help you to increase the down payment amount.

  • The Gift of Space
A garage sale is a perfect way to clean your garage. It will help you to remove trash from your house. Reorganizing the stuff lying around in the garage also becomes easy once you get rid of the unused things.

The most important feature of a garage sale is that it gives you the gift of space. Selling or getting rid of things from the garage can help you to make room for your new car. Also, keeping your new car in the garage can protect it from theft and damage. So, organize a garage sale because it is a win-win situation for you.

Why not make a Bigger Down Payment?

Make sure that you sell as many things as possible to earn a large amount of money. If you want a successful garage sale, you need to display several things. If you feel that you do not have a plethora of items to display, then ask your parents, relatives and friends to donate some items and contribute to your garage sale.

If you have fewer items to sell, don't worry. Organize a combined garage sale with your neighbors or friends and decide a commission in advance on each item. It will help you to make a sale quickly.

Organize a garage sale and sell all the things that you think are valuable and can fetch you money. Also, get rid of old things to clear up space for the new car. Use the money from the garage sale for making a down payment. It is because the more money you pay as the down payment; less will be the burden of the auto loan amount on you. 

Want to buy a car? Do you think that you do not have a substantial amount of money for making a down payment? Do not worry. RapidCarLoans.net, America’s favorite bad credit auto financing company brings to you no money down auto loans. Enjoy quick approval and get ready to buy your favorite car.

Saturday, June 17, 2017

Bad Credit Myths vs. Facts: How Pre-Approved Auto Loans Break the Myths?

It takes years to build a good reputation and only a few mistakes can cause a disaster. The same ideology applies to your credit score. A few serious mistakes such as missing a payment or two on your loan could take years to repair the damage. But, a bad credit score is not the end of your world. A handful of misconceptions and myths revolve around a bad credit score. And, they discourage people from taking action to improve their credit score. With the help of pre-approved auto loans, you can break those myths.

Forget the Bad Credit Myths; Focus on the Facts

1) Myth: Taking an auto loan will worsen my already weak credit score

Fact: Applying for an auto loan with a history of damaged credit will increase your debt-to-income ratio. However, it is not an indicator that obtaining an auto loan will worsen your situation. In fact, with the help of a pre-approved auto loan, your credit score can increase over a period of time. Timely monthly payments are the key to not only stabilizing but also improving your credit score.

A bad credit score may bring the possibility of high interest rates. However, a pre-approved auto loan contains the advantage of pre-negotiating the interest rate that eliminates any last minute surprises and helps you to efficiently plan your future expenses. Therefore, a pre-approved auto loan will help you to increase your credit score.

2) Myth: A poor credit score means no lender will work with me

Fact: In the case of bad credit history, bank financing is dicey. On the other hand, there are numerous online lenders that specialize in bad credit auto financing. Despite you having a bad credit score, these lenders wish to increase their business and will grant you an auto loan.

Credit scores vary from one individual to another. So, a lender may even willingly give you a pre-approved auto loan if your score is higher than the other applicants. As many applicants have zero credit score, you stand a greater chance at obtaining a pre-approved auto loan.

3) Myth: The first auto loan deal is the best deal

Fact: Many people fall prey to the thought that bad credit means no bargain. A damaged credit history compels people to take the first deal that the lender offers them. However, comparison shopping is the best method to get the lowest price.

You must study the current market before making a decision. Always have two or three competing offers to help you leverage the best deal. A pre-approved auto loan will help you in negotiating effectively as you will have a realistic price in mind. Moreover, researching the interest rates and the price of the car you wish to buy will assist you in getting the most out of your pre-approved auto loan.

Many myths exist when it comes to bad credit. The fear of a weakened credit score, inability to search for a lender and dismissing comparison shopping are a few myths that need reevaluation. When it comes to buying a car with bad credit, do not discard the option of pre-approved auto loans. Remember to understand your situation thoroughly and work with lenders who do not shy away from helping people with damaged credit.

New Car vs. Old Car: Which Challenges arise Due to the Old Age of a Car?

When you set out to purchase your next car, it is a commonplace practice to pay extra attention to the condition of the car. An older model of a car requires more scrutiny as opposed to the newest car on the lot. The age of the car is an important element that numerous car buyers neglect while zeroing in on their available choices. Buying older cars raises a few challenges in the time span that it stays with the buyer.

Challenges a Car Buyer faces because of an Older Car

1) High Maintenance Cost

An old car comes with hefty maintenance charges. Regular repairs are required to ensure optimum functionality of the car. As compared to a new car that requires less maintenance, an older model is vulnerable to frequent mechanical breakage. While the purchase price of an old car is low, the regular maintenance costs increase the lifetime price of keeping such a car.

2) Expired Warranty

There is a good chance that a car model that is 9 years or older has run out of its warranty period. Any breakdown of the machinery of the car within the first few years will only add to your maintenance cost. In some cases, if the car is only a few years old, you can still benefit from a transferable warranty. However, a certified pre-owned car from a dealership is your safest bet in order to avoid an expired warranty.

3) Unavailability of Spare Parts

The older the car, the lesser the chances of availing spare parts. A new car not only comes with a warranty but also guarantees the availability of spare parts in the market. The older spare parts become obsolete as the new technology and updated features replace the older version of technology. Therefore, obtaining spare parts for older car models becomes a challenge.

4) Continuous Depreciation

Buying an old car means purchasing a car that has been depreciating ever since it was made. Purchasing an old car reduces your resale value. Previous wear and tear, new technology and major repairs are factors that reduce the resale value of an old car.

5) Limited Financing Options

An old car invites fewer financing options than a new car. Additionally, you may have to pay higher interest rates on the auto loan. A pre-approved auto loan works in the scenario of purchasing an older model of the car. It helps you to purchase a car well within your budget as you have prior knowledge of the amount of the loan.

The Bottom Line

A very old car may be easy on the pocket but it becomes expensive in the long run. The solution to escape from the hassles of purchasing an old car is to buy a brand new car. An updated car with the latest features and machinery proves to be worthwhile. Therefore, purchasing a new car is the ideal decision.

Thursday, October 6, 2016

New Car - A New Lease on Life

Are you tired of driving your old car? Does it sit in the mechanic’s garage every couple of months? Buy a new car. If you are on the fence and confused about buying a new model, here are a few convincing reasons that will help you make a decision.

 New Car - A New Lease on Life

Do your children complain about space in the car? Is it a headache for you to go shopping in the car? Does it require maintenance every couple of months? If you are unhappy with your car, the answer is simple. Buy a new car because it will put an end to all your worries. Also, you will be able to opt for a better lifestyle and a higher level of comfort.

Here are some of the points, carefully sorted out for you, to understand why buying a new car will give a new lease on life:

1.      Style and Status

Your car represents your status in the society. And the type of car that you choose, decides your taste of luxury. It is also important that the car must project your status efficiently. For example it would look very odd if a business magnate uses an old pickup truck.

If you want to project a successful image, you must buy a new car that uplifts your status.

2.     Upgrade to New Features


Do you remember the early robots from the old movies? Now, compare them to the present-day transformers. The same change is visible in cars. Auto manufacturing companies provide unique and innovative features every day. And, your old car may lack a few of them. So, if you want to enjoy new features and better comfort, buy a new car.

Pre-Owned Car: A Smart Option for Smart Old Car Buyers

Are you willing to buy a new vehicle? Have you thought of a way to lessen the financial burden of the brand new car? Try buying a pre-owned car because it is a smart option.

Pre-Owned Car: A Smart Option for Smart Old Car Buyers

Who doesn't want to own a brand new luxurious car? But, amidst the current economic turmoil, it isn't easy for everyone to buy a new model. It is the reason why smart buyers tend to choose a pre-owned car.

It is known that Americans adopt a smarter approach for buying things. And, a pre-owned car is a smart option. According to a report by Manheim, Americans purchased more than 42 million pre-owned cars in 2014. It is 2.5 times more than the number of new models sold in the same year.

Buyers opt for pre-owned cars because they are cheap and provide a great return on selling. There are several other reasons why you must buy one. Read more...

Saturday, September 10, 2016

Is Zero Credit Auto Loan as rare as Hen’s Teeth?

If you are a zero credit car buyer, your loan application may be rejected by lenders because they cannot judge your loan repayment ability. But, it doesn’t mean that obtaining a zero credit auto loan is as rare as hen’s teeth.

You can buy plenty of decent cars with cash. But if you don’t have access to cash, you may need to obtain an auto loan. It is one way of buying a car. If you have a good credit score, you can easily get an auto loan from car dealers, banks and credit unions.

But what if you don’t have a credit score? You fall under the category of zero credit car buyers. If you are a zero credit car buyer, it becomes difficult to obtain an auto loan because lenders are unable to judge your debt repayment ability. But, does it mean that a zero credit auto loan is as rare as hen’s teeth? The answer is no.

Zero Credit Car Buyers can get behind the Wheel

If you are a zero credit car buyer, you can still buy a car. But, don’t get tempted by ads that contain words such as “No Credit Required” or “Anyone Can Qualify!” There’s always a catch. You must remember that nothing is free in the world. Usually, fraudulent lenders aim to persuade zero credit car buyers through false advertising statements. They make you believe that you are getting a good deal but in reality they may charge you a high interest rate.

Usually, zero credit car buyers have to accept the outrageous loan terms and interest rates offered by lenders. But, do not worry. With a little bit of effort, you can get behind the wheel. Consider the following things before stepping out for buying a car:
  • You must have a job that fetches income. It will guarantee regular payments to the lender.
  • You must have a valid proof of working with your current employer for at least six months.
  • You must have the residence proof that mentions you are staying at your current residence for at least six months.
  • Search for a cosigner with an excellent credit history. It will reduce the lender’s risk and provide you with instant auto loan approval.
  • Explore various financing options before you choose the one that suits you.
  • If approved for an auto loan, make sure that you pay monthly payments on time as it will help you to build a good credit score.
Getting a zero credit auto loan is difficult but not as rare as hen’s teeth. It is not easy as obtaining a loan with a good credit score. But if you are serious about doing your homework, you can convince the lender of regular payments and obtain the loan. Also, it can prove to be a good step towards establishing your credit score.

With RapidCarLoans.net, a zero credit auto loan is not rare. The company specializes in providing bad credit guaranteed car loans online. It has experience of handling loan applications with credit issues. Apply now, get approved.

Shop Like a Cash Buyer with Pre-Approved Auto Loans

To buy a new car with cash feels comforting but what if you have to opt for an auto loan? Don’t worry. The answer lies in getting a pre-approved auto loan. It has the power to transform you in to a cash buyer.



In a perfect world, we would pay cash for our cars and never have to worry about debt or monthly payments. However, it is a real world where only few can afford to buy a car with cash and rest have to opt for an auto loan. But, obtaining an auto loan doesn’t have to be frustrating. By making a good decision about your car and auto loan, you will be able to enjoy similar benefits of a cash buyer.

Luckily, there’s a way to make the financial part of buying a car easier. You can get a pre-approved auto loan before you start shopping for your car. It means that the auto loan will be made available to you even before you step out of your home.

By getting a pre-approved auto loan, you will get enormous bargaining power. It gives you a negotiating power and organizes the buying process effectively. It is the closest you can come to obtaining the benefits of buying a car with cash even if you have not saved money for it. Having the financial part in place before you shop for a car makes it easier to focus on finding the right car.

Pre-Qualified v/s Pre-Approval

Both the terms may sound similar but they differ in their meaning and purposes. They are meant to be useful sources of information for potential car buyers.

The Meaning of getting Pre-Qualified for an Auto Loan

Getting pre-qualified for an auto loan is simple. When you supply the lender with the information regarding your financial history, he will assess it and give you an idea of the amount for which you will qualify. A pre-qualified amount is the amount for which the lender might approve you in the future.

But, getting pre-qualified for an auto loan won’t make you a confident buyer. It is because the lender will not provide you with a loan and not put an end to your worry.

Pre-Approved Auto Loan: Numerous Benefits


1. When you go through the process of getting a pre-approved auto loan, you can buy a car whenever you want to. Compared to other car buyers, you will not have to face any credit issue at the time of buying a car.

2. You will possess more leverage at the dealership lot as it will provide you with bargaining power while negotiating the price of the car. It is possible because you will be aware of your budget beforehand.

3. It will give you the power to shop like a cash buyer. You will be able to enjoy benefits such as quick buying process, good negotiating power, etc.

4. The presence of online lenders who specialize in offering pre-approved auto loans for bad credit car buyers will help you in breaking the complexity of the process. As the process is online, the lender will be able to ensure that you get a quick solution to your query.

5. It is a perfect option for buying a car. It will allow you to plan your purchase as you don’t need to feel the pressure of coming up with a large down payment.

Now that you understand that getting a pre-approved auto loan can transform you into a cash buyer, it is time to reach out to online lenders who specialize in it.

Getting pre-approved auto loans will help you to buy a car quickly. Apply with RapidCarLoans.net to enjoy bad credit guaranteed auto loan approval at the click of mouse.

Friday, August 26, 2016

Guaranteed Auto Loans - Your New Car, just Hours away

Seven years past the great recession of 2009, people are still trying to recover from the financial damage. Also, the inflation rate is another challenge that people have to face every day. Car prices are rising and it is becoming difficult for people to buy a car with good credit score. It is even more difficult for people with bad credit score.

Is it possible to buy a car with bad credit score? Where should you apply in order to get easy approval on auto loans? If you are troubled by such questions, you should opt for guaranteed auto loans.

Guaranteed auto loans help you buy a car quickly. As the loan application can be submitted online, it is the quickest and easiest form of financing. As the process is online, you may get approved within a single day of applying for the loan.

Here are some of the reasons why you should opt for guaranteed auto loans if you have a bad credit history:

The Quickest Option for buying a Car

If you apply with a traditional lender, your loan application may take multiple days to get approved. It will also involve physical efforts such as walking down to the lender’s office, waiting at the office, meeting the authorized personnel, etc. Also, there are chances of your loan application getting rejected.

On the contrary, if you apply for guaranteed auto loans, you can get approved within a day. There is minimum physical involvement because of the online loan process.

Advantage of Dealer Promotion Schemes

Dealers offer various promotional schemes to car buyers. The schemes include discounts, cash back incentives and free car accessories. You may have missed such schemes in the past. But, you won't miss any of them now because of guaranteed auto loans.

When you get approved for the loan, lenders promise you to transfer the loan money within a day. So, you need not to worry about losing the promotional schemes offered by the dealer.

Repaying Money is Fast and Flexible

Since lenders offer you shorter loan terms and use your car as collateral, they provide you with various flexible repayment options. You can plan ahead and decide how much money you can spend every month towards monthly payments. Then, you can choose the option that fits your monthly budget efficiently.

A Chance to improve your Creditworthiness

Guaranteed auto loans offer you with two major advantages. Firstly, you can buy your desired car. Secondly, the repayment of the loan can be used as a repairing tool for your credit score. Paying the monthly payments on time would improve your credit score and hence improve your creditworthiness in the long run.

Power in your Hands

With guaranteed auto loans, consider having money in your hands. After you are approved for the loan, the money will get deposited in your account within a day. Therefore, you get an edge over the dealer. It gives you the power to bargain for your car and ask for the maximum discount.

Everyone has a dream to own a car. Don't get worried by looking at your credit score. Opt for guaranteed auto loans. With the convenience of the loans, your new car will not be a distant dream anymore.

RapidCarLoans.net will help you to buy a car by providing you with bad credit auto loans with guaranteed approval. Its easy online process is the perfect way of obtaining car financing. Get in touch today for purchasing your favorite car.

Thursday, May 19, 2016

Subprime Car Loans: 4 Crucial Things that Subprime Car Buyers should Know

Picture this - You have been eyeing this car since a few months and your friends can’t stop talking about it. It is on every auto show you come across and on the cover of every car magazine. Many a times, you have been thinking of going for it, but what stops you is your credit score.

As a subprime car buyer, you must have experienced that traditional lenders penalize you for your low credit score. They make car buying difficult for you by offering high interest rates on auto loans. But, do not worry. Subprime car loans can help you. With the loan program, you will be able to buy the car you need now, instead of waiting for your financial circumstances to improve.

4 Crucial Things you should know as a Subprime Car Buyer

If you are eager to buy a car of your choice, you must learn the following four crucial things for getting subprime car loans:

1. The Down Payment

The higher the credit score, the lower will be the interest rate on the auto loan. But if you have a subprime credit score, down payment can help you in lowering the interest rate.
As far as down payment is concerned, it would be wise to save up to a minimum of ten percent for a pre-owned car as well as a brand new one.

2. The Lender

Instead of applying with several lenders, choose a subprime lender who has expertise in approving subprime car loans. A subprime auto lender will help you in solving your loan related queries and also provide you with affordable loan rates.

3. Beware of Online Fraud

If you want to apply for subprime car loans comfortably, you can opt for online auto financing companies. The companies provide easy approval on subprime car loans. But, you must check the reliability of the company before providing confidential information on the website.

4. Read between the Lines

Many a times, there are understated clauses which may prove to be a shock in the future. So, it is advisable to be more cautious while going through the loan contract, so that you do not have to suffer later. Before finalizing the deal, make sure that you are well-versed with the terms and conditions of the loan contract.

Buying a car is not rocket science, but it doesn't mean it is a cake walk either. If you want to make an easy car purchase, you must not forget the four crucial things for getting subprime car loans.

If you are a subprime car buyer with a low credit score, do not worry about auto loans. Bad credit guaranteed auto financing is possible for you. RapidCarLoans.net has experience of providing subprime car loans. If you want to own a car easily, apply now.