Rosaleen is 10 years old shepherd and her owner died, faithful pup trapped in high kill shelter as no one want her

It's the perfect case scenario: you have cleared your driving test and you have been saving to buy your dream car for a long time. However, before signing that dotted line on your auto loan agreement, there is an element of hesitation in the air; stemming from the fact that you don't have any credit history. Your credit history can be a deciding factor in knowing whether your loan is approved or rejected. Many a times, however, there just isn't enough credit history to get started with.

There might be many reasons why a person has a no credit history. Usually, college graduates and teenagers have no credit history because until now, there wasn't any chance for them to establish a credit record.

Another instance of people with no credit history is recent immigrants who moved to a new country and haven't applied for an auto loan, as they mostly prefer to make cash transactions. But applying for a loan can be a good thing, especially when you borrow wisely and sincerely pay off the debt in the given term period. Also, an auto loan means that you can save the amount equivalent to a car and invest it elsewhere. If you have newly graduated from college or moved to a different country, the amount you save can be of incredible help to you.

So, how can you qualify for An Auto Loan with No Credit History?

· Find a co-signer

A co-signer is typically someone who adds his or her name to your loan, thereby agreeing to repay the loan on your behalf, if you default on the loan. Being a first time car buyer, a co-signer with a good credit rating can be a huge factor in getting approval for your loan.

The only measure of checking if you can repay your auto loan is to maintain a good credit history. However, in the absence of a credit history, a co-singer with a good track record can act as a back-up if you cannot repay your loan. Therefore, having a co-signer instills a sense of security in your auto lender and he will be more willing to give you an approval for the loan.

· Increase the down payment amount

An auto lender is more likely to approve your auto loan if you are willing to pay a hefty down payment prior to availing the auto loan. Usually, a twenty percent of the car price is considered to be a good amount for making down payment. However, if you can pay an amount greater than the customary amount on the down payment, you are more probable to drive off with your auto loan. The reason behind it is that a hefty down payment reduces the overall loan amount and the auto lender is assured of your payments.

· Spot a suitable loan

Different auto lenders may propose varied auto loan programs depending on your situation. There might be some loan programs tailor-made to your specifications, say; some may be designed for students out of college while others may be drafted for residents new to the country. Keep an open eye for such accommodations that may fit into your loan program.

Being a first time car buyer without any credit history is not all that difficult. There are many auto lenders who provide auto loans to people with no credit history. Keep those above points in mind and, soon, you will be closing your first auto loan deal for your new car.

If you want to close the car loan deal successfully, apply with Car Destination. The online auto financing company is famous for providing stress-free bad credit pre-approved car loans. Apply now and forget worrying about no credit auto loans.

😢 OWNER DIED 😢

Sweet ROSALEEN is 10 and her owner died so now she is in the shelter needing a home fast, she is a gentle beauty and deserves to feel safe right now after she lost her home and best friend. Please SHARE for her life, she needs someone to request an assessment ASAP so she can make it out fast. They said they will not do the assessments unless someone expresses interest in the dogs now. Please SHARE for her life, she's SO special and a FOSTER or ADOPTER would save her.

#A4122771 My name is ROSALEEN and I'm an approximately 10 year old female German Shepherd. I am already spayed. I have been at the Carson Animal Care Center since 11/17. I will be available on 12/2. You can visit me at my temporary home at c120.

🔹 German Shepherd
🔹 AGE: 10 years
🔹 Female
🔹 ARRIVED:11/17
🔹 AVAILABLE ON: 12/2

We are NOT the City Shelter to where pictures were taken. FOR MORE INFO ON THIS PET please contact:
Carson Shelter at 310-523-9566
216 W Victoria St. Gardena, CA 90248
Ask for information about animal #A4122771


STATUS : - read comment for update from crossposter
Often while purchasing a new car, obtaining an auto loan that is equal to the value of your car can be tricky. The whole point of applying for a loan is to ease the financial burden in acquiring your new car. Therefore, it is best when the maximum amount of your cost is covered through the loan. Therefore, any auto loan with an impressive loan-to-value percentage is sought after.

So, what is loan-to-value percentage and how does it work?

Technically, a loan-to-value percentage is the amount of the loan financed, relative to the value of the car. It is usually calculated by dividing the loan amount by the current value of the vehicle.

Under an ideal scenario, the loan-to-value percentage is below 100%. However, on a situational basis, lenders can extend loans up to 150% of the value of the car. For instance, assume you want to buy a car worth $50,000 and the loan-to-value percentage on the auto loan is 120%. It indicates that you still have $10,000 to spend on other expenses while you can easily cover the cost of your new car.

A lower loan-to-value percentage means a lower risk for the lender. However, there are a few ways to obtain a loan-to-value percentage which is higher than the value of the car you want to purchase.

What should you keep in mind to obtain a Higher Loan-To-Value Percentage?

· A Clean Credit History

A squeaky clean credit history is by far the most essential factor in not only getting an auto loan, but also getting higher loan-to-value percentage. Without a good credit history, accessing an auto loan can be difficult and it might cost you a tad bit more. Therefore, it is imperative to maintain a good credit record as it is exceedingly important in acquiring a higher loan-to-value percentage.

· Type of Car

Whether you are buying a new car or a used car, your repayment options and loan-to-value percentage can greatly vary. Surely, buying a new car has its own set of benefits as you are backed by a warranty for a few years. Additionally, the loan-to-value percentage on used cars may not be absolute as against new cars. Therefore, an auto loan for a newer car can cover your loan completely and in some cases even extend it to an amount more than the cost of the car that you want to purchase.

· Steady Income

The primary criterion for qualifying for an auto loan includes a steady income. For any lender, a steady income stands as proof that you are capable of repaying the loan amount in the given time period. Usually, lenders ask for payment stubs or bank statements to validate your income. With a steady income of the past few years, obtaining a higher loan-to-value percentage is possible.

Taking the above points into consideration, you get a clearer picture on how a loan-to-value percentage on an auto loan works and the factors you should consider so that you can bargain for a higher amount on your auto loan. Always carry out an extensive research and read the loan agreement meticulously before you decide on choosing an auto loan.

You can avoid down payment and reduce the chances of paying an upfront amount to the dealer by opting for higher loan-to-value percentage on your auto loan. Get in touch with Car Destination and get approved for a higher loan amount instantly.

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