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When you get auto financing from an Atlanta dealer, you should expect to be offered extended warranty. Extended warranty is simply an extended service contract that pays for repairs after the expiration of the vehicle’s original warranty. If you purchase such contract, it can be rolled into your loan cost. Considering that it is an added expense, should you get it? Is it something worth spending money on? Read on to figure out what the deal is with extended car warranties.
At first glance, no credit check car loans seem attractive. The idea of getting approval regardless of one’s credit standing is appealing to car buyers here in Atlanta, particularly those with imperfect credit or no credit. However, there is more to no credit check car loans than the absence of credit checks. If you are interested to take out such loan, take some time to understand what comes with such an enticing offer before you apply.
If you know just what to do, you can get the best auto lending rates available. Look no further for a guide on how to pay less interest. The tips you need to remember are found below. Pull your credit report and know your score. Get a copy of your credit report from all three credit bureaus: Equifax, Experian, and TransUnion. Thanks to the Fair and Accurate Transaction (FACT) Act, you are entitled to get one free report from each credit bureau once per year. You should peruse the reports and check for any errors or inaccuracies, as these can affect your score and in turn affect your auto loan interest rate. The lower your score, the higher the rate.
Getting approved for an auto loan when you have bad credit can be more challenging than doing so with good credit. But that does not necessarily mean that you are unlikely to get approved. Below are some helpful tips to make sure your auto loan application will still go smooth and hassle-free even with non-stellar credit.
In your credit report, there’s a section called Payment History or Account History. This is basically a record of your credit accounts, their statuses, and other important details about them. From here, lenders can see which accounts are delinquent and which are current.Basically, what lenders want to see in your payment history are timely payments. Late payments are considered as negative information in your credit report and decrease your creditworthiness. Lenders don’t want to see this or they would think that you’ll likely behave the same in your auto loan.
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