You can still apply for a loan without an established credit history Down payment, co-applicant among ways to boost your application RoadLoans offers a quick and easy process for newcomers to financing As a first-time car buyer with no credit or bad credit,* you might feel up against it. That’s understandable. Consumers with long and strong credit histories generally stand a better chance of getting financing from an auto lender, and may enjoy better terms and a greater choice of vehicles. But take heart. Many lenders are set up to work with first-time buyers, and guess what? Many… Read More
Car buyers rejoice. Black Friday kicks off a season of holiday sales events that create one of the best times of year to shop. From the day after Thanksgiving through New Year, deals abound as automakers offer deep discounts on outgoing year models, dealerships make their own reductions, and both look to finish year-end sales on a high. Despite the abundance, it’s a good idea to plan your purchase so you can take full advantage. That way, you’re better placed to maximize the potential savings and make a smart choice for the seasons ahead. Here are six steps to… Read More
Being upside down on a car loan, when you owe more than the vehicle is worth, is a common problem for vehicle owners. On the downside, it’s easy to get caught out by one or more of the following: rapid depreciation in your car’s value; a small down payment; too long of a loan; a rollover loan; overpaying for the car, or add-ons bumping up the price. On the upside, there are several ways back to positive equity. Consider these options to reach a firmer financial footing. Add to your monthly payments One solution to an underwater loan… Read More
World Kindness Day, tomorrow, is all about making kindness the norm. Sending an uplifting text to a friend, for example. Or treating someone to a cup of coffee. Another suggestion, to be found at the Random Acts of Kindness Foundation website, is “letting that guy merge into traffic.” That’s right. Giving an inch and saying: “Hey, yes you, come on into my lane of traffic here. You’re welcome!” You could call that a common courtesy, or just following traffic law, but whichever way you look at it, acts like this make the world better for everyone. Here are six… Read More
You may have seen advertising for “guaranteed auto loans” and “guaranteed auto loan dealerships” while shopping for car financing, especially if you have poor credit.* It sounds appealing, but you might want to ask yourself how a company can offer a guarantee without knowing your individual credit and financial situation, or what type of vehicle you want to buy. At RoadLoans, we don’t claim to offer guaranteed auto loans, but we can give you some tips on how likely you may be to get approved and, if so, what kind of interest rate you will get. You may also… Read More
The road to self-driving vehicles, and mass adoption of EVs, could be a long one. Confidence in these technologies is low and neutral, says the latest J.D. Power Mobility Confidence Index Study, despite automakers putting ever more resources into them. Overall, self-driving and electric vehicles scored 36 and 55 out of 100, based on two polls of 5,000 consumers and industry experts carried out with SurveyMonkey. On the autonomous-vehicle side, more than two thirds (68 percent) said they had little to no knowledge of the technology, and more than half said they’re unlikely to ever buy or lease a… Read More