Monday, January 01, 2007

How To Finance Your Dream Car With Bad Credit

The automobile industry is probably the only industry that defies economics. A vehicle is a depreciable asset, yet, vehicles are bought and sold by the thousands daily.

One of the reasons it defies economics is because transportation is needed everywhere, especially in big cities like Los Angeles, Houston, TX and others. Basically, people need a vehicle to move around to commute to work, run errands, go out, and so on. At the level of the ego, people want to drive a luxurious vehicle, a vehicle that defines where he/she stands at the society level.

Male and female teenagers feel more confident and more attractive driving a car they really like. It could be a big truck, a sport car, or an SUV. Adults like to drive a comfortable car that befits their personality. Some have a sense of luxury, of class, uniqueness, and sports.

The song says, “you can’t get always what you want,” and that happens a lot in many areas of people’s lives. It happens when it comes to driving a car. Many people because of circumstances get in big debts, lose their jobs, and then become unable to pay off their debts.

Because of that many people get their vehicles repossessed and their credit rating drops. It then becomes difficult to get an auto loan through a bank, or an auto dealer. Many dealers claim to pre-approve people, but there are “certain restrictions that apply.”

These restrictions include but are not limited to: “Yes, you are pre-approved for an auto loan, but you need a cosigner.” "Yes, you are pre-approved, but you need at least $2,500.00 as a down payment.” "Yes, you are pre-approved, but, you can only buy this car you don’t want to drive, so take or leave it.” "Yes, you are pre-approved, but you can only buy a pre-owned car that has no more than 30,000 miles on it."

Do you see, what I mean? It becomes really difficult to drive the car you really want if you are under these circumstances!

Now let me tell you my story and see how you can start driving your dream car, and if you are already driving a car you can trade it for the one you really, and truly want.

I had really bad credit, and I could not get any car dealer or banks to approve me unless someone would co-sign for me or I came up with a huge down payment. As a parent with bills and responsibilities saving a big lump of money for a car down payment was not going to happen.

That made feel very frustrated, and down at the same time because I could not get the car I wanted. Then, a good friend of mine referred me to an auto loan company that specializes in bad credit auto loans, and re-finance. I applied and I was approved in less than one day! I was able to buy the car I wanted! I was mailed a check with a limit based on my income, and the interest rate based on my credit score.

Having a blank check in my hands gave me a great advantage. In fact, it gave me powerful confidence to negotiate the best cash deal for the car I wanted! Car Sales People were powerless, and I was able to tell them take it or leave it! It made me feel in control, and when I purchased my car I was really happy and proud of myself that I came out a winner on the deal.

The automobile industry is probably the only industry that defies economics. A vehicle is a depreciable asset, yet, vehicles are bought and sold by the thousands daily.

One of the reasons it defies economics is because transportation is needed everywhere, especially in big cities like Los Angeles, Houston, TX and others. Basically, people need a vehicle to move around to commute to work, run errands, go out, and so on. At the level of the ego, people want to drive a luxurious vehicle, a vehicle that defines where he/she stands at the society level.

Male and female teenagers feel more confident and more attractive driving a car they really like. It could be a big truck, a sport car, or an SUV. Adults like to drive a comfortable car that befits their personality. Some have a sense of luxury, of class, uniqueness, and sports.

The song says, “you can’t get always what you want,” and that happens a lot in many areas of people’s lives. It happens when it comes to driving a car. Many people because of circumstances get in big debts, lose their jobs, and then become unable to pay off their debts.

Because of that many people get their vehicles repossessed and their credit rating drops. It then becomes difficult to get an auto loan through a bank, or an auto dealer. Many dealers claim to pre-approve people, but there are “certain restrictions that apply.”

These restrictions include but are not limited to: “Yes, you are pre-approved for an auto loan, but you need a cosigner.” "Yes, you are pre-approved, but you need at least $2,500.00 as a down payment.” "Yes, you are pre-approved, but, you can only buy this car you don’t want to drive, so take or leave it.” "Yes, you are pre-approved, but you can only buy a pre-owned car that has no more than 30,000 miles on it."

Do you see, what I mean? It becomes really difficult to drive the car you really want if you are under these circumstances!

Now let me tell you my story and see how you can start driving your dream car, and if you are already driving a car you can trade it for the one you really, and truly want.

I had really bad credit, and I could not get any car dealer or banks to approve me unless someone would co-sign for me or I came up with a huge down payment. As a parent with bills and responsibilities saving a big lump of money for a car down payment was not going to happen.

That made feel very frustrated, and down at the same time because I could not get the car I wanted. Then, a good friend of mine referred me to an auto loan company that specializes in bad credit auto loans, and re-finance. I applied and I was approved in less than one day! I was able to buy the car I wanted! I was mailed a check with a limit based on my income, and the interest rate based on my credit score.

Having a blank check in my hands gave me a great advantage. In fact, it gave me powerful confidence to negotiate the best cash deal for the car I wanted! Car Sales People were powerless, and I was able to tell them take it or leave it! It made me feel in control, and when I purchased my car I was really happy and proud of myself that I came out a winner on the deal.