Fast Auto Loan Approval Program for People with Credit Issues
bad credit car loans, no down payment
By: Kaitlin Miller

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Wednesday, 29-Mar-2017 12:55 Email | Share | | Bookmark
Annual Cost of Ownership of Car: The Aspect that Car Buyers

While planning to buy a car, you must have come across the terms: ‘Cost of buying a car’ and ‘annual cost of ownership of car’. Let's understand the difference between the two terms.

Cost of Buying a Car: Buying a car means you pay a sum of money for the retail price of the car in order to purchase it. It is also called the MSRP (Manufacturer’s Suggested Retail Price) that you have to pay to the dealer after negotiations.

Annual Cost of Ownership of Car: It means the amount that you need to pay for the car during a year. The cost of owning a car includes the cost of fuel, depreciation, service, maintenance, etc.

Let’s look at some of the aspects of the annual cost of ownership of car. According to a comprehensive report, the annual cost of ownership of car is more than $8,500. Do you believe it is too big a number for keeping the car running? Well, here are different aspects that contribute to it:

Service and Maintenance: The service and maintenance cost of the car depends on the manufacturer and the warranty policy. The rest depends on how you use it. On an average, the yearly service and maintenance cost sums up to $914 including the cost of tires.

Fuel: Considering that the car travels an average distance of 12000 miles in a year, the fuel price may range up to $1682 for one year.

Insurance: The insurance payments are constant and you can calculate the cost for the same easily. On an average, the insurance amount is $1115 per year.

Depreciation: The depreciation rate of a car depends on the purchase price of the car, its current age and its life span. If you use a car to travel a distance of 15000 miles, with normal wear and tear, the depreciation amount will be $3655 per year.

Other costs: Finance charges and fees related to license, registration and taxes cost around $1334 per year. Car buyers often ignore the registration fees and charges. But, in reality, such costs contribute heavily to the cost of ownership of car.

Additional costs: Accessories that you install after the purchase of the car contribute to the expenditure. Also, parking tickets contribute to the overhead charges. The parking tickets may cost you a lot more than you can imagine. Plus, if you live in a metropolitan such as New York City, you will have to pay an additional charge for the parking space.

The annual cost of ownership of car shows you how much you need to save for a car. Buying a car is a big responsibility. Plan well and make judicious decisions so that the car doesn’t become a burden for you.

At Fast Auto Loan Approval, we help you in buying a car quickly. Our bad credit auto loans are designed to help you make easy monthly payments. With us, your auto loan payments will never become burdensome. Get in touch with the online auto financing company for guaranteed car loan approval.


Wednesday, 29-Mar-2017 07:42 Email | Share | | Bookmark
Applying for an Auto Loan Online: Be Safe while you Shop

When you want to buy a car, it is not just the car in question but you also have to consider the auto loan. Getting an auto loan is the first step towards buying a new car. But, you might end up with a high interest rate on your auto loan if you choose the conventional way of shopping. When you visit a dealership as a borrower, the dealer will compel you to sign up for the loan and you may compromise because of lack of alternatives.

The Internet: A Faithful Friend


The internet has revolutionized the way we shop. People prefer online shopping over conventional shopping. Convenience is the biggest perk of online shopping. It gives you an opportunity to shop 24/7. With the help of the internet, you can shop for an auto loan in your pajamas! You will be able to enjoy astonishing choices. Also, you will get benefits such as cheap deals and better prices from different lenders all in one place.

The Convenient Way of Shopping

With new advancements to make our lives convenient, the internet has come a long way. Internet security has become strong and the process to apply for an auto loan online is safer than ever. Yet, some people are still reluctant to use the internet to apply for an auto loan. Online application form is quick and easy to complete, but always be aware of the security features of the website. Understand the safety protocols of online security and you are good to go! If you are still in doubt, the following points will help you make the leap. Consider them and applying for an auto loan online will be easy for you!

Know the Privacy Guidelines

When you are choosing to apply for an auto loan online, be sure to verify that the automobile financing company follows the latest security and privacy guidelines. You will find the guidelines on the company’s ‘Privacy’ or the ‘FAQ’ page. The company should keep your personal information private and not sell it to any other website. If the company assures you of secrecy, go ahead with the online auto loan application form.

Page Security Protocol

Before you make your mind to apply for an auto loan online, review the website’s security protocols. Is the website safe for making an application? You should be able to enter your personal information on a ‘secure page’. A secure page has an additional layer of security which regular web pages do not offer. It encrypts your information before sending it to another website on the internet.

You will know you are entering information on a secure page when you see the clickable image of a lock in the address bar of the web browser. If you click on the lock icon, you will be able to learn everything about the security of the web page. Other hints include the “https://” prefix to the web address. Remember the two quick checks because they will allow you to verify the company’s claims about security and privacy.

Other Measures

1. Check the online reputation of the company’s website before are applying for an auto loan. Is the website legitimate? Does it provide fast approval? Does it reply to the grievances on time? It is important to get straight answers.

2. Read the online reviews of the borrowers to know their auto loan experience with the company. Are they satisfied with the programs available with the company? Did it charge additional fees from the borrowers? Consider the experience of different people to get a better idea of the situation.

3. Keep all access codes, passwords and PIN codes secret. Writing the numbers and codes in a book is borrowing trouble. So try really hard to protect them from unwarranted access.

Applying for an auto loan online offers you better interest rates and quick approval. So, why not take advantage of it? Do yourself a favour and give plenty of time to shop for the best auto loan online. Browse through various auto loan programs which are available to you. Apply online with the help of the safety tips and buy your favourite car easily.

Fast Auto Loan Approval helps you to make a quick purchase of an auto loan online. Trust our secure system of finding you the best interest rates. Apply for bad credit auto financing now.


Tuesday, 25-Oct-2016 08:55 Email | Share | | Bookmark
Low Interest Rates on Auto Loans

Every person borrows money on credit. A loan on your name marks your progress. It also shows your appetite towards a luxurious life. Thanks to the lenders, borrowing money for a new car isn't difficult at all.

Although, what bothers people are the interest rates that the lenders charge. The interest rates are inversely proportional to your credit rating. It means the higher your credit score; lower will be the interest rate on the auto loan.

What are the Benefits of obtaining Low Interest Rates on Auto Loans?


Let’s understand how low interest rates on auto loans can leave you tension-free and make your life pleasurable.

You can buy Expensive Cars

You can buy expensive and luxurious cars without any worry. The reason is simple. As you get low interest rates, you need not take tension of a large down payment in order to minimize the loan amount.

So, you need not to worry about saving up too much money for the down payment. Just pay a nominal amount and obtain an auto loan for the remaining amount.

You won't end up paying more Money

Let’s take an example to understand the number game easily.

For a loan of $10,000, with an interest rate of 15% for 10 years, you pay a total amount of $19,360.19. It means you pay more than $9000 in the form of interest. If the interest rate reduces to 6%, the total amount will come down to $13,322.46.

It is simple to understand how the total payable amount differs with a simple change in the interest rates. Hence, become a credible and punctual credit borrower. In return, you will be able to enjoy low interest rates on your next loan.

Lenders will trust you


Every company values a genuine customer. If you make payments regularly, you will never face any difficulty in getting an auto loan. Lenders will stay in touch with you and provide you with special discounts as well as cash benefits for buying a car.

Your punctuality will earn you respect and trust of lenders. They will understand your situation and provide you with other benefits such as relaxed lending terms, higher LTV ratio, etc.

You can apply for Multiple Loans


The best thing about low interest rates is that you can apply for multiple auto loans without any tension. Whenever you feel like buying a new car for your family member, you will have no problem in getting approval from a lender. Also, you will be able to make the purchase at affordable rates.

Nobody likes to borrow less money and pay more in the form of interest amount. So your priority should be to lower the interest rates. And, here’s how you can achieve your goal:

1)Always keep a check on your credit score–It is a crucial measure for lenders that enables them to judge your credibility.

2)Convey your sincerity - Be confident when you face the lenders. Also, try to convey your sincerity by explaining your plan of making regular payments.

3)Never miss payments – Making payments on time is the key to become a good credit borrower.

4)Be on the move- Your credit behavior determines your growth. So, apply for multiple loans, make payments regularly and do not let your bank account sit idle.

5)Do you have a low FICO score?–You should start by applying for an auto loan of a smaller amount. Repay it on time, build your credibility and carefully nurture your credit score. Make payments regularly and improve your credit ratings. In return you'll be able to enjoy low interest rates on your next auto loan.

Considering the interest rates is a very important aspect of the car buying process. Remember that low interest rates on auto loans can make your life pleasurable. So, strive hard to convince the lender and ensure that you he provides you with a better deal.

When it comes to obtaining low rates on auto loans, choose the reputed auto financing company of Fast Auto Loan Approval. It has a record of providing easy auto loans to people with low-income. Apply now to enjoy buying car without down payment.


Sunday, 25-Sep-2016 08:40 Email | Share | | Bookmark
Trust a Dealer for a Successful Car Buying Journey

“It’s not about the destination; it’s about the journey”

When you walk out of the house to buy the car of your dreams, it is better to plan out your journey. Discover the options from where you can make the purchase. You can either buy a used car from a private seller or a new car from a dealer. You can even choose the dealer for buying a certified pre-owned car to ensure its quality.

How can a Dealer help you in finding a Car?

A dealer can be a pillar of strength in your quest of buying a car. You can enjoy many benefits by choosing a dealer. Let us have a look at some of the benefits provided by him:

>>When you opt for a licensed dealer, he will do all the legwork of obtaining the title for your car.

>>He will provide you with a statutory warranty that you cannot obtain from a private seller. In addition, he will also assist you with extended warranties.

>> He is considered as a one-stop shop for buying a car because he not only sells cars but also helps you with the auto loan and insurance part of the deal.

>>He is a car-expert. And, he can suggest you a model that suits your needs and budget.

>>He even offers maintenance facilities to keep your car running smoothly long after you have taken the delivery.

Precautionary Measures

“Beware of little expenses. A small leak will sink a great ship.”

The famous saying by Benjamin Franklin is true when you are buying a car from a dealer. Dealers employ experienced salespeople who have a bag of tricks designed to increase the profit. If you are not aware of the tricks, you will end up paying more for the purchase. Here are a few things that you should consider before visiting a dealer’s lot:

1. Do not be a Clueless Car Shopper

A dealer loves having a clueless car shopper. When you are not aware of what the price of the car should be, you will be unable to negotiate it with the dealer. So, it is advisable to find the average price of the car that you want to buy and then visit the dealer.

2. Be Wise, Cost-Wise

Take a careful look at the cost. A dealer boosts his profits by selling all sorts of accessories and add-ons. Such things increase the total cost of the car. So make a wise decision of avoiding them. And, if you are interested in buying add-ons, you can get the same things for a lesser price outside the dealer’s lot.

3. Confirm the Car

Sometimes, he advertises a car with a great price, but when you show up at the lot, he informs you that it is out of stock. Then, he tries to sell you an expensive vehicle. In such a case, call the dealer prior to visiting and confirm the availability of the car that you wish to buy.

4. Avoid the Errors

Errors in the paperwork are very common and the irony is that they are always beneficial to the dealer. So make sure that you review the paperwork thoroughly before you sign the dotted line.

If you want to make your car buying journey successful, you have to be cautious while buying a car. It is necessary to research and obtain facts before making a decision. But, it doesn’t mean you have to be suspicious of everything that the dealer says. Remember that when he sells a car, he is putting his reputation on the line. So, the last thing he wants is an unhappy customer.

Have you selected a car at the dealer’s lot? Now, you can get an auto loan without down payment and make car buying process affordable. Fast Auto Loan Approval provides auto financing for low income car buyers and ensures that a car becomes a reality for everyone.


Monday, 1-Aug-2016 00:20 Email | Share | | Bookmark
Compare Auto Financing Options to find the Best One

Buying a new car is not an easy decision. It is an expensive thing to buy after a house. You can buy a car with cash or consider several financing options available in the market. When you are looking for a car, one of the smartest moves you can make is to compare financing options just as you compare car models.

What Financing Options are available in the Market?


‘You may be running out of options, but running away from making a decision isn’t an option.’


If your credit score is bad or your loan application is weak, do not think that you cannot buy a car. There are many financing options available with you. You can compare the following options and choose the best option for you:

1. Car Loan

A car loan offers flexible terms and it is easy to obtain. A bank or a financing company pays the full price of the car. And, then you have to pay off the lender or the financing company in the form of monthly payments. Usually, the loan is approved on the basis of your credit score and income.

2. Personal Loan

If you do not want to use car as collateral, personal loan can be the right choice for you. It is an economical way of financing a car. While obtaining a personal loan, the only condition is that you should have a good credit score. You can get the loan from a local bank or a credit union.

3. Leasing

If you opt for leasing, you do not own the car until you have made the final payment. Leasing enables you to use the car, while the financier retains actual ownership of the vehicle. People opt for it as it offers fixed monthly lease rentals and affordable interest rates.

4. Dealership Financing

The only thing to remember while obtaining dealership financing is that to do research. Check your credit score and ask for quotes from several dealers before making a decision.

Dealers love lazy car buyers who do not do their homework. Keep in mind that there is no point in bargaining a good price for the new car if you are going to opt for a poor financing deal.

5. Online Auto Financing Companies


It has become easy to get approval on a loan with the help of internet. Online auto financing companies offer a second chance to bad credit borrowers and help them buy a car. When you apply for loans with an online auto financing company, you get the advantage of quicker approval with fewer documents.

Loan Shopping is as important as Car Shopping

Loan shopping is a wise decision. Sometimes, it is the only way you can find a lender who will work with you. Keep in mind the following quick reminders because they will help you to have a better loan shopping experience:

You should have knowledge of the different financing options that are available in the market before you choose one. It is wise to contact several lenders to find the best loan at the best price.

Different lenders offer diverse terms. If you want to get better terms, then do your research.

For a better loan shopping experience, it is important to improve your credit score.

Pay attention to the amount of monthly payments and be sure if you can afford the same.

Don’t forget to look at the Annual Percentage Rate (APR) as it takes into account the interest rate and other loan charges.

Before you approach a dealer, decide the financing option that you would like to opt for buying a car.

Few people can afford to buy a car with cash. Luckily, a lot of financing options are available in the market. Do not say yes to the first financing option that you come across. Instead, compare different options and find the best one that suits your needs.

FastAutoLoanApproval.com is the perfect solution to your auto loan tension. The company provides bad credit auto loans without down payment. Get approved instantly without worrying about your credit score. Apply now and get approved for online auto financing today.


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