A little secret on how to get financed with terrible credit. Maybe you don’t have terrible credit but you just want a lower interest rate and finding a specific car isn’t very important. Your just want a good car at a better value.
If your main concern is finding a low mileage vehicle that is reliable, your half way there. Sometimes my clients don’t realize that the bank is more likely to approve the loan biased newer model years, lower miles, and book value is higher than the amount you seek to barrow. THE BANK WILL APPROVE YOU IF YOU ONLY NEED TO BORROW $10,000 FOR A CAR THAT IS WORTH $12,000!!
So how do we do this without putting money down? Buy a car that few people want, or cars you can buy cheap. Ninja researches these options to save you time. Although demand may be down on a car because of color, or make and model at the time, doesn’t mean that you won’t love the car and will be a great car for you and your family. It’s a hell of a lot better than your 1996 Chevy Lumina that’s about to break down!
Here is a list of vehicles you are more likely to find available that cost less than they are worth giving you a higher chance of getting approved or just rewarded with a lower interest rate because you are financing less than the car is worth with no money down! No one likes wasting time at dealers, I hope this helps makes your car shopping experience more enjoyable.
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2013 – 2015 Nissan Altima S
2012 -20015 Chevy impala LS GOLD
2011 – 2016 Kia Optima LX
2011 – 2016 Hyundai Sonata GLS
2010 – 2013 Suzuki Equator
2012 – 2016 RAM 1500
2010 - 2014 Nissan Rogue
2010 – 2014 Toyota CRV
2010-2014 Nissan Quest
2010-2015 Dodge Caravan
2010-2014 Kia Sedona
More that 80% of Americans have not-so-perfect credit, according to Experian’s 2015 VantageScore 3.0. This means you have to be careful when picking the right finance options to avoid paying too much. If you are vehicle shopping, you're probably already worried about paying too much as it is... As you should be.
Here's the thing: different banks have different program guidelines for specific vehicles. Finding the right bank with the lowest cost program for a vehicle you have already picked out is like ordering food without a menu. You may get them to make the dish you ordered but you should keep your fingers crossed on the quality and if the bill will be affordable, because "custom" always come with a premium.
Credit Ninja gets you the best financing options first, then after they get their menu of guidelines, they know which vehicle options will qualify for the lowest rates.
Saving you thousands. Become a Credit Ninja. At creditninjanow.com
This seems like a simple concept, but I think some people have a hard time understanding this first easy step to repairing your credit that could give you the momentum you need to actually do it and live a better quality of life...
Too many people are ruining their credit. We don't keep eating food that makes us sick do we? No, we change our diet.
Just like changing your eating habits to avoid getting sick, we must change our spending habits to avoid bad credit.
Do you find yourself taking whatever it is that is in front of you even if you don’t need it?
Its Okay, we all do it. And most of us don’t consider the long-term consequences of this terrible habit of not planning until its too late and the damage has already been done. This soon catches up to us once our income is down and our bills are behind. Our only option is to conveniently forget about the student loan payment or credit card payment we obligated ourselves to when things where a little better when income was a little higher. This develops a bad habit.
It's Only Habit
Really, it all boils down to habit. Meaning its only habit! And if you’re reading this and you're like me, you may have already reached the point in your life where these bad habits caught up to you and destroyed your credit. Here is the positive side to a bad situation: As we struggle to live with bad credit and no savings, we forced to develop good spending habits. As we continue to work harder and get better at our jobs to provide for our family, the income goes up. If you have enough discipline to not let your spending go up, you can save it and catch yourself up, and be a better provider for your family teaching your children the value of positive spending habits, instead of pretending to be rich. Plan everything, think of the future effects of you making the decision, every decision you make. This will develop good planning habits.
What takes more work? Researching and developing good habits? Or living with bad habits and bad credit?
Yes, this may take a little bit of work to track your money and plan where to spend it. But I promise it wont take as much work it takes to survive when we are broke and dodging bill collectors, pretending we are not in this situation. If you want nice things, and not to pretend to be rich, we will take the time to develop spending habits. As you practice it will get easier. seeing the results of make the decision to build your wealth and get the things you want without worrying about losing it. People change their habits every day, why not you?
About Credit Video
7 Seven Simple Steps to Develop Good Habits
How To Budget For Beginners: A 6-Step Guide