Need New Car Financing Tips?

The most important new car financing tip is this: Get a credit report with your credit score from Experian, Equifax or TrueCredit. Get this before you go car shopping so you know where you stand! If you do not know your credit score, you leave yourself open to "bad credit" car financing credit score scams. Don't finance a new car at the dealers if you have a low credit score for this reason. Moreover if you have a score of <600 you would be rejected for a car loan, lowering your credit score even further! Don't worry, there are ways to "reapir" your credit score. Read on...

Many people find out at auto loan time that their credit score is low, and they have bad credit. Paying on time is but one of 100 variables making up your credit score. Having many open accounts will damage your credit score, as there is potential for you to spend up to your credit limits. People with good credit have too much credit and old accounts no longer in use. By closing half a dozen retail store cards no longer in use, you can improve an ok credit score a great deal. So it's tidy up tme. Having credit account balances above 50% of the credit limit quickly makes your score a lot lower and this means higher auto loan interest rates and bad credit auto loans. The good news is that there are online sites that teach you how to repair your credit score yourself. Try http://www.debtwizards.com. check them out now and you will be surprised at just how easily you can mprove your credit score.

If you were scammed into a high APR loan, you can refinance your car loan to a lower online auto loan rate. Apply online at UP2Drive.com or MyAutoLoan.com, pay off your car loan and you pay them back at a lower rate!

Even if you haven't been scammed, check out these online auto financing companies such as UP2Drive and MyAutoLoan.com when you are looking around for your "pre-shopping finance arrangements". There are have no application fees, no down payments and the loan is approved within minutes. But the best thing of all is that they beat the dealers rates hands down!

Low APR auto loans (0% -1.9%) are offered to people with a perfect credit score (over 700) only and the loan is usually offered over a period of 12-36 months. Longer loans (48-60 months) do not qualify for 0% APR. Reject therefore deals offereing 0% APR is you have a credit score lower than 700 or if you cannot afford a 36 month loan. Potential car buyers planning 48 or 60 month auto loans, or used car loans won't get 0%. Ads say "with approved credit". You will either get low car APR or a rebate but not both. Calculate whether it is cheaper to take a large rebate over the 0% APR new car financing and compare to online auto rates. Paying off your auto laon early will make you savings on interest. However applying the rebate and using your OWN low-interest financing gives the greatest savings!