Tips for Saving up a Larger Down Payment For a Car

In all your excitement about getting a new car, make sure you don’t forget the importance of putting down a large down payment if you plan on financing your new ride. There are all types of loans, including bad credit car loans, but most of them will require the borrower to offer up a down payment to get the ball rolling. Here are a few tips for saving up a larger down payment to reduce the amount you have to borrow, and potentially your monthly payment:


Take Care of Your Credit Cards


If you have any credit card debt, taking care of as much of it as you can means you have more money you can devote to your new car’s down payment. If you can’t fully pay off one or more of your credit cards, look into getting a personal loan so you can consolidate your debt and net a lower monthly payment. You can save the difference between your old monthly payment and your new monthly payment in your down payment fund.


Ask for a Raise


Depending on your employment record and your employer, you might qualify for a raise. Rather than focusing solely on your down payment, base your requested raise amount on your professional accomplishments instead.


If you can’t get a raise, look into doing odd jobs on the side to make some extra cash without looking for a part-time job.


Sell Unwanted Items


You may have unwanted items collecting dust and taking up space in your home, ones that you can sell for some extra cash. It’s never been easier to unload unwanted items either online or within your neighborhood. Just make sure you do yourself a favor and do some research first to see how much your unwanted items are worth so you get a good deal.


With a little ingenuity and patience, you can save up more than you thought possible towards your new car. Best of luck!

Steps To Get Bad Credit Car Loans

When your credit is poor, or non-existent, it can be difficult to get any type of loan and when you need a vehicle, this can be a big headache. Luckily, we can help you find the car or truck that you want as well as secure the financing you need to purchase it. The two main steps you need to take to get a car loan, regardless of your credit score, are to find the vehicle you want and talk to our financing department.


Find a Car


The first step in securing a car loan is to come down to the dealership and let us help you find the right car for your needs. This can be a good way to determine what your loan needs are as well as whether our selection offers what you need. When choosing a new vehicle, it is a good idea to make a list of needs such as seats, storage and even color. This can help you find the right fit for your lifestyle.


Go Over Financing


Once you know what kind of car you want, it is time to go over your financing options to get it. You can also do this the other way around if you would rather be preapproved and then find a vehicle in that price range. We can help you find the right loan for your financial situation with terms designed to help you get back on your feet as well as back on the road.


Bad credit car loans can be easier to secure than you might think, especially if you come talk to one of our loan officers about your options. Our staff can help you find the right car for your needs and the financing options best for your situation. Not only can we help you find the right ride, but a car loan in good standing can help you repair your credit score.