Buying a new (or new-to-you) vehicle can be both exciting and daunting. Only after some level of introspection and thoughtful consideration, should anyone embark on such a purchase. This is because, next to purchase of a home, vehicles purchase are often the most significant investments that many of us make in our lifetime.
While a well-thought-out purchase can have a positive return, a poorly thought-out purchase can have a damning effect on your financial well-being. All too often, customers over-extend themselves by selecting a vehicle that exceeds the amount they can afford to spend. In addition, there are countless consumers with challenged credit, which adds a whole other layer of considerations that need to be factored in.
This problem might be more prevalent than you think. Challenged credit is not solely the struggle of low-income households. It exists throughout all tax brackets, and in all geographies. Without realizing it, a Boston household with $40,000 annual income might face the same frustration as a $125,000 household in Fort Wort. But before seeking out bad credit car loans, Columbus drivers should realize that they are far from alone.
Statistics show that nearly three-quarters of American households admit to living paycheck-to-paycheck. In fact, nearly half of these households are woefully unprepared for unplanned expenses, with less than $500 set aside for home and auto repair or medical emergency. With a vast number of Americans one unexpected event away from missing a bill here or there, how far are any of us from delinquency? How far are we from a declining credit score?
Common Mistakes
Households with overextended finances can empower themselves by breaking any cycle of bad decisions that may exist. The need for a vehicle can be very real, especially for commuters, and in areas where public transportation is limited. However, it’s important to make wise choices in terms of both vehicle selection and financing options.
Some of you might be asking “what financing options?” Whether you’ve exhausted all your options, or just feel like you have, it’s important to recognize that you may have more options than you realize. Traditional lenders like your bank or credit union may have declined your application, but there are third-party auto lenders worth exploring. There are also ‘buy here, pay here’ dealerships, almost everywhere you look. But if you settle for these options, you are falling into the same mentality that got you into this problem.
In many cases, independent auto lenders and ‘buy here, pay here’ dealerships are using your challenged credit against you. Whether by offering an unreasonably high-interest rate, or signing you into a contract that leaves you far too exposed to liability and repossession, you’re not doing yourselves any favors.
Once again, it’s a matter of making smart decisions while never ‘settling’. In many ways, our world has redesigned itself around convenience. If it’s not quick and easy, requiring minimal effort and providing immediate gratification we’re not interested. With that in mind, it’s important for all customers with challenged credit to understand that there is a solution that can offer all of those things that today’s consumers value.
Guaranteed Approval
What is online.cars? Well, I guess the best way to explain it is as an ‘Amazon Prime for Car Buyers’. Do I have your attention? Probably. But let’s first talk about what makes a service like online.cars so valuable to someone with challenged credit: Guaranteed Approval.
We’ve all heard it before…from poorly produced commercials promoting local dealerships to shady finance groups. Why subject yourself to such exposure?
online.cars offers guaranteed approval to all customers but does so using a nationwide network of lenders, designed to help applicants with a wide variety of financial profiles. With online application and guaranteed approval, you can avoid uncomfortable meetings with lenders and finance departments. But most importantly, you are protecting yourself and your family’s financial health by protecting yourself with a more reputable finance agreement than those offered elsewhere.
But your guaranteed approval is only the first step in exploring a better way to buy a car.
Variety Empowers Smarter Choices
We talk about breaking the cycle of bad choices. Understanding that some choices may simply be necessary, there are (almost always) choices made that are not. These are choices that we make fueled by temptation and personal desire. When buying a car, it might cause us to buy a car that we simply can’t afford, but our love of the vehicle causes us to turn a blind eye.
online.cars uses the same approach to sourcing vehicles as it does to guarantee approved credit. By working with a nationwide network of dealerships, they are able to offer a near unlimited selection of vehicles to choose from.
Now, wait a second. Don’t let the variety tempt you. Take a moment to consider what a wider selection of vehicles means to you. Rather than being restricted to the limited offerings that a local dealership would approve you for, online.cars empowers you to cast a wider net. Still working within your budget, you can choose from more makes, models, trim levels and model years than you previously had access to.
Plus, all online.cars vehicles come with the guarantee of (i) a clean CarFAX vehicle history report (ii) Lifetime Mechanical Warranty and (iii) Free Delivery to anywhere in the continental United States.
This means that you can end up with a better vehicle than you had ever expected, not just in terms of the vehicle itself, but the assurance provided to make sure that you’re satisfied. And if you’re not? online.cars gives you 3 Days / 150 Miles to decide and, if the vehicle isn’t the right fit for you, they will help you to exchange it.
Breaking the Cycle
By choosing online.cars you have empowered yourself to secure a more responsible financing option. You have given yourself the opportunity to choose from a wider selection of vehicles, creating more likelihood of finding something that you like, yet still within your budget. And you’ve also received countless assurances, helping you to buy with confidence.
With the help of online.cars, customers with challenged credit can break the cycle of bad decisions and empower themselves to work towards improved financial stability, without sacrificing their own satisfaction.
