Car Loan News / What Auto Loan Brokers Do for You![]() Auto loan brokers harness their relationships with many lending institutions to help find you the best terms, rates and down payments for your desired auto loan. Auto loan brokers are used by individuals in all credit situations and those looking at all types of vehicles, both new and pre-owned. An auto loan broker does not write a loan contract, nor will they pull your credit report in most cases. The broker will simply take a customer statement that includes questions about your ideal vehicle, credit situation and the like, and they will use it to find you the right lenders. You will then submit credit applications individually to the recommended lenders, or the broker may submit them on your behalf to save time. Auto loan brokers give you the power of volume—their relationships with many lenders can help get lower rates, better terms and for some clients the broker's edge can even help get an approval for a loan when it is otherwise unfeasible. Brokers also provide options for individuals with poor credit. While dealerships will try to find a vehicle that can be financed only with a large profit to the dealership, the broker is not interested in the profit that the seller will make on the sale of the vehicle. The broker will work impartially to find the best terms for a bad credit auto loan without the usual games and gimmicks. Auto loan brokers can be found online, and many brokers have dealership or finance company experience, so they have practical knowledge and they have also worked with individuals with all types of credit histories. |
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![]() Inexpensive portable navigation systems and even cheaper smartphone nav applications are making the pricey in-dash systems offered by automakers less attractive to many consumers. But some people prefer in-dash systems because of their larger screens and because they offer more features. Plus, you never have to worry about forgetting an in-dash system at home. Finally, prices for in-dash systems are starting to drop. ![]() Bluetooth is a wireless technology that allows two compatible devices to communicate. In the car, it lets you operate a mobile phone "hands-free," meaning you don't have to hold the device while making or taking a call or performing such functions as accessing the phone's address book. (Of course, you have to use your hands to operate certain Bluetooth features via the vehicle's controls.) ![]() Automotive sound systems are more complex now that portable media players, hard-disk drives and smartphones are along for the ride. But the basic radio/speaker setup hasn't drastically changed, even though more speakers and more amplifier power have been added over the years.
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![]() Sales of Ford vehicles increased 13.3 percent in June compared to the same month last year, and the gain was largely spurred by a strong showing by the carmaker’s Super Duty pickup trucks. ![]() Responsible consumers tend to have all their affairs in order – a steady income, plenty of savings and perhaps even an investment or two on the side. While these things are all positive, they ultimately won't get you approved for an auto loan – for that, you need credit.
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![]() Getting the Best Rates on Your Car Loan ![]() Identifying Your Target Cars & Arranging Financing ![]() There are certain people who seem to have X-ray vision, who can look at a business and see things that are invisible to other people. I bring this up because I have a friend who spotted something about used cars that I have never heard addressed by anyone else.
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