ezAutoFinance.net is an online auto financing company which means you can apply for low rate auto loan in Washington even without leaving the comfort of your home. All you need to do is fill the safe application form. Once you hit the submit button, best car loan quotes will be offered to you to choose the best one.
ezAutoFinance.net stands by its customers in every credit problem. So, the company offers auto loans to people with bad credit and past bankruptcy. Our subprime lenders are also competent in offering auto loans to zero credit Washington car buyers.
ezAutoFinance.net is the perfect auto financing partner for buying a car in Washington. The company provides low rate auto loan program to bad credit car buyers of the state. Get guaranteed approval and no obligation loan quotes in an instant.
How to Get Guaranteed Approval on Bad Credit Auto Loans in Washington?
Car buying doesn’t mean going to a dealership and selecting a car model. It includes preparing for car loans especially if you have bad credit score. Usually, bad credit car buyers shy away from buying a car because of the complex loan process. But, don’t take tension if you want to obtain bad credit auto loan in Washington, here are a few tips to help you.
Tip# 1 - Make Down Payment
Lenders don’t offer 100% LTV on car loans in Washington. They require you to pay at least 10% of the loan amount as down payment. So, make arrangements for it. If you don’t have enough savings for down payment, you can trade-in your old car or apply for a personal loan. You can also use your home equity and generate cash.
Why is it important to make Down Payment?
Car is a depreciating asset. It loses value the moment you drive it out of the dealership lot. If you don’t make down payment and obtain 100% LTV, you will have an upside down loan from the beginning of your loan term. When you owe more than your car’s worth, it creates problems if your car is totaled in an accident or if you decide to sell it.
Also, when you don’t make down payment, lenders offer you high interest rates. It can create a problem in making regular payments and can ruin chances of improving your credit score. So, try to make at least 10% of the total loan amount as down payment.
Tip# 2 - Have a Cosigner
Whenever you decide to obtain an auto loan in Washington, ask someone to cosign your loan contract. Cosigning helps in reducing lender’s risk because a he/she provides guarantee of regular payments. It will help you in reducing the loan rates on your auto loan.
How to find a Cosigner?
People with bad credit history or past bankruptcy are not eligible for becoming a cosigner. So, don’t convince anyone with credit issues to become your cosigner. A cosigner should fulfill the following requirements:
- Minimum Age of 18 years
- Regular Job and Stable Income
- Lower Debts
Tip# 3 - Buy a Used Car
Deciding on a car model is a huge decision because there are several options available. If you have bad credit history, it is important to buy a used car. The reason is its cost. You will be able to manage a used car loan in a better way because of its low monthly payments.
What Factors to Consider while buying a Used Car in Washington?
- The car should not be older than 8 years
- The car should not be driven for more than 100,000 miles
- The car should not be salvaged or totaled
So, these are the few tips that will help you in completing the car loan process tension-free. Use them and obtain guaranteed approval on bad credit auto loans in Washington.
How to Get Low Rate Auto Loans in Washington?
Car buyers in the Evergreen State have many reasons to cheer because overall interest rates have come down, lending fees have been reduced and loan terms are not as harsh as they used to be. However, the real challenge for a acr buyer is to get a low-interest deal. Many lenders are still offering expensive auto financing programs while the rest provide Washington car loans with affordable interest rates and flexible terms. You need to search for the best deal..
Compare Rates and Terms
Gone are the days when banks were the only providers of different types of loans in Washington. Today, people approach credit unions, finance companies and online banks for quick and flexible auto financing. Before you wrap it up, it is important that you compare at least half a dozen different car loan quotes. Some of the most important parameters that you need to consider include the APR, loan term, lending fee, down payment, pre-payment penalty charges, etc.
Don’t get Fooled by Zero Percent Financing
Many dealers offer attractive zero percent auto financing options to prospective car buyers. Such financing options often sound tempting to people who’re buying a car for the first time. In many cases, a zero interest auto loan is just more expensive because buyers have to give up substantial rebates! For example, if the rebate on a car purchase is two thousand dollars and the total interest paid over the term of the loan is sixteen hundred dollars, clearly you shouldn’t be choosing a zero interest loan over rebate.
Shop Online from the Comfort of your Home
Convenience of online shopping is no doubt a big advantage. You can request car loan quotes, negotiate interest rates or compare two auto financing options without leaving home. Within minutes, you can gather Washington loan quotes from multiple lenders for buying a car. It is easy to fill out online auto loan applications. Also, online subprime auto lenders are known to offer some of the best loan deals whether you have good credit or bad credit. You should, however, do everything possible to provide evidence and disprove yourself as a credit risk.
Online auto financing is the perfect way to complete your car loan process. Take advantage of getting approval without leaving your home. ezAutoFinance.net is an online bad credit auto financing company that caters to the needs of subprime car buyers. It provides low rate auto loans in Washington.
Down payment is considered a necessity but we know how difficult it is to make a down payment. Understanding the same, we have introduced no down payment auto loans. You can even avail a no cosigner car loans and stay away from searching an individual with a good credit score to cosign your loan agreement. Car buying is easy when you have the right auto financing company with you.
ezAutoFinance.net is a leading automobile financing company in Washington. We provide instant auto loan quotes to all our clients. Apply today and make your car buying easy and simple! |
