How Can Having A Co-Signer Help You With First Time Car Financing?

Buying your first car can be one of the most exciting and yet daunting tasks of your life. If you have never taken out any kind of loan before, it can seem nearly impossible to get a car loan. Without a credit history, many banks and other financial lenders may be hesitant to fund your car purchase because they do not have a track record to go off of. One simple way to increase your chances of first time car financing is to have a co-signer on the car loan with you.

Many young or inexperienced borrows are able to get a car loan because they have a co-signer. A co-signer is generally a family member like a parent or someone else close to you that has an established credit score. By signing a car loan agreement, this individual agrees to make payments if you, the original debtor, default on any payments. Because of the risk involved in this, you will need to find a co-signer who trusts your ability to make all of your payments and who has the ability to make payments if you cannot.

If you choose to have a co-signer on the care loan with you, it is better for the co-signer to have a positive credit sore than a negative credit score. If his or her credit score is poor, it may be better to rely on your own absence of a credit score rather than their score. The reason for this is because the lender divides his or her risk between the first time car buyer and the co-signer. You can increase your chances of first time car financing by showing potential lenders that you or your co-signer will fulfill all payment obligations.

Don’t let your lack of a credit history keep you from purchasing your first car. Put potential lenders more at ease and improve your chances of first time car financing by asking a family member or trusted friend to be your co-signer.

Easy Car Loans

While you search for the perfect car, you should also be considering how you will finance that purchase. Some people actually put off shopping for new vehicles because they hate to imagine dealing with banks and other lending institutions. The truth is, though, that fast easy car loans can be had if you choose your lending institution carefully and keep your credit simple.

For the most part, lenders are interested in knowing that you can and will make timely payments, have not overextended yourself financially, and have stable income to ensure that your repay schedule goes uninterrupted. Understanding these simple requirements should help you to remain prepared to take on new credit as needed.

To keep from overextending your accounts, add to credit only those items that require financing. Too many people actually ruin their credit completely by depending on cards to purchase clothes, small appliances, and sales items. Paying cash for most small purchases is a good idea. When you need to spend a few hundred to a few thousand dollars, putting those on your card will help to establish easily maintained credit and your repay schedule. Those looking into your credit for fast easy car loans will not know on what you spend most of your money, but they will be impressed to see that you carry a decent but not enlarged credit sum and pay efficiently and responsibly.

Alongside your financial responsibility and timely payment schedule, having maintained consistent work will go a long way toward helping others see you as credit worthy. Creditors may see frequent job changes as a red flag against stability. Having had as few career or job changes as possible helps to keep your credit history simple and demonstrate stability in your life that translates to credit worthiness.

Many of us have been brought up with the notion that keeping something simple helps to eliminate drama, and that is true. In this case, the lack of drama can be read, too, as proof that you are worthy of loans for the perfect ride.

Finding Value When Buying a Used Car

There are plenty of resources at your disposal that can help you figure out the value of the car you are purchasing. Used Cars come in just about every make, model, condition and price range you can imagine. So, obviously, you’ll want to know your budgetary limit before you can truly begin researching which car is right for you. Then it’s up to you to figure out they type of car you want. Once you have a good idea of what it is you will be looking to buy, you can begin your search. Buying a used car is all about finding value in a vehicle that you can get at a discounted price because of its previous ownership. Value lies in not only the vehicle’s price, but also in how long it will last moving forward.

Figuring Out What Your Vehicle is Worth

Taking into account mileage, the shape the body is in, service history, and much more, you can get a good idea of what a specific vehicle is worth. There are resources online that allow you enter in the details of any vehicle in order to give you an idea of its value. Used Cars have a number of factors that impact value, making it all the more important for you to get the best vehicle for your money. You want something that will not only last, but that also won’t break the bank, and a simple online search for the baseline value of your vehicle of interest will go a long way toward you making the right decision.

You Know What You Want More Than Anyone Else

At the end of the day, you are buying a vehicle for yourself. You know what you want, and you know what you are willing to spend. Everything ultimately boils down to you, so all the research done depends on what you are willing to do. As is the case with anything else, you get what you put in, so make sure you find the value needed to get a good return on your investment.

3 Advantages of Buying Used Cars

While they can sometimes be looked down on, used cars are actually some of the most efficient, budget-friendly options on the market. If you take your time and work with our professionals in order to choose your new ride wisely, there’s nothing you can’t do in a used car. While many prefer newer models, there are several distinct benefits when it comes to owning a used model of any brand, some of them budget-related and others more practical. The top three biggest advantages of owning a used truck, car or SUV include:


The biggest and most obvious benefit when it comes to purchasing used cars is that they tend to cost much, much less than new cars on the market. This is especially important if you, like millions of other individuals across the country, are faced with budget struggles and have better things to do with your cash than spend your entire paycheck on your transportation. Price isn’t everything, but a lower cost certainly does help make life easier in the long run.

Dealing With Depreciation

Unlike a brand-new car, you won’t need to worry about your used car depreciating as soon as you roll off our lot. That means that you won’t need to worry about selling your car later on, and can rest assured that your investment is a sound one that’ll still be valuable in the future if you decide to sell in favor of another ride you happen to come across.

More Variety

We have a huge variety of used cars, spanning all sorts of makes, models and years. Therefore, your selection of your new vehicle is much less limited than it would be if you were searching for a brand new ride. This means you’re free to pursue a specific style you might like or a budget range you’re working with much easier than before.

With these three benefits in mind, it’s no wonder that thousands of people invest in used cars each and every year. Keep these benefits in mind when choosing your ride to get the most for your money.

When Car Leasing Can Be a Great Choice

While many people opt to buy a car instead of leasing it, car leasing can make sense in certain situations. Here are three situations when leasing a car can be a great choice.

You Love to Drive Different Cars

If you want to drive the newest and latest cars every few years, then leasing is a great option. You always get late models which usually don’t require extensive repairs. On top of that, instead of having to try to sell your car when it’s time for a new vehicle, you just trade it in for your next lease. Since you won’t ever have to sell your car, depreciation is of no concern to you. Furthermore, leasing allows you to choose first-generation vehicles that may come with some issues from the factory.

You Can’t Get a Car Loan

Unfortunately, some people struggle with bad credit scores and are simply not able to secure a low interest rate. This could mean high monthly payments that some just can’t afford. Or you’re only looking for a business vehicle but can’t bring a down payment to the table, or your need for an extra business vehicle is only temporary. Monthly lease payments are sometimes lower than actual loan payments. You could use the money you save every month for a down payment on a future car purchase.

You Don’t Use Your Car Often

Most car leasing agreements come with certain restrictions. You are only allowed to drive the vehicle for a specified, agreed-upon amount of mileage each year. If you don’t drive your car often, leasing a car can be more feasible than purchasing one. Additionally, if you are being relocated for your job to a remote location for only one or two years, you can just lease a vehicle and save yourself the hassle of a car purchase and car sale.

These are three situations when it can make more sense to lease a vehicle. If you’re ever wondering to lease or not to lease, take a close look at your very own situation and take all variables into account.

Keep Your Investment Running Great

While many used car owners take their vehicles in for routine maintenance, such as oil changes and tire rotations, it is important to perform your own inspection checks as well. Proper car maintenance and DIY tips are easy to follow. Engaging in simple vehicle checks regularly may help to prevent an accident from occurring. Here are some easy Do-It-Yourself tips that you can look for in your vehicle.

Checking your oil on a routine basis will help to extend the life of your car. If you happen to be going on a long drive, be sure to check the oil before you go. Most vehicles need to have their oil changed every 3,000 to 5,000 miles. Missing an oil change can damage your car’s engine.

Another maintenance check that you can do yourself is the battery inspection. Check your battery to make sure all cables and connections are free from corrosion and are securely attached. Car batteries generally last for three to five years.

Routinely test your headlights to make sure they are working properly. Head and tail lights are cheap and easy to fix. Repairing them as needed may prevent you from being pulled over because of a headlight outage.

Be sure to check your tires for any wear in tread or damage to the sidewall. If you notice one of your tires is getting low, check the pressure and fill it with air. Continue to keep an eye on it in order to avoid getting stuck with a flat tire. Bald tires will need to be replaced as soon as possible as they are a danger on the road, especially in bad weather conditions.

A common maintenance issue involves trouble with the brakes. Listen for any screeching sounds that occur when you apply your brakes. Replacing your brakes quickly upon hearing the noise will prevent them from damaging your rotor blades.

Knowing how to care for your car properly will not only increase the life of your used car, but it will safeguard you from other dangers on the road as well.

3 Tips for Purchasing a Car With Bad Credit

At Milburn’s Auto Sales & Service, we’re more than happy to get anyone into the car of your dreams – even if you happen to have poor credit. However, if you happen to have bad credit, there are a few things you can do to make the process much smoother for everyone involved, and to ensure you’re getting the best rates on your new purchase. These include:

Clean Up Your Credit Report

Sometimes, the professionals who calculate your credit score can make errors regarding addresses and other information. This can drag your score down, making your financial history look worse than it actually is. Try to get these errors fixed before coming to the dealership to get better loan terms.

Get Your Credit Score

Before you come apply, it’s worth your time to search up your credit score on the internet and to print a thorough report. You can offer these to the professionals who manage your financing at our dealership in order to give them a better picture of your real credit history. Not all credit reporting companies offer an identical score, so having multiple reports can give our professionals a better idea of your financial history.

Keep Your Options Open

While we’ll work hard to get you into your ideal vehicle, sometimes we have limitations on the financing amounts we’re allowed to offer our customers with bad credit. Therefore, try to keep an open mind when looking at our stock of cars, and don’t come in with your heart set on any one specific vehicle.

Taking these steps can help you to get better terms overall for your bad credit car loans, and helps to ensure you’re getting payments you can manage in the coming months. We’re here to get you into a great vehicle no matter what, but taking these steps can make things go more smoothly.

Finding the Right Mechanic

When faced with car troubles or the preventative maintenance to combat them, choosing your mechanic can be a very important decision. For those who love their cars, there are certain criteria that their auto repair company should meet. Here, we have trained professionals who look out for the customers’ needs before anything else, and provide wonderful customer care as well as great car service. While our dealership might be one among many, there are a few key features that help to set us apart from the rest.

Servicing Any Brand

There are dozens, perhaps even hundreds, of brands of cars on the market today, and our company provides great car service for them all. With our well-trained mechanics, customers can rest assured that their car is receiving the best specialized care available for their particular make and model. Older cars and new ones alike have special needs, and here we have the tech and know-how to cater to them all.

Check Credentials and Certification

Before taking your car or truck to any mechanic, the owners should be sure to check that the company and mechanics both meet the professional requirements to provide great car service. All of our mechanics here are certified and have the experience required to handle nearly any automobile-related issue that they are presented with. If a potential customer needs further convincing of the professional nature of the company, they are free to look on any number of comments from previous clients on review websites as well as the Better Business Bureau in order to confirm that our customer service and knowledge of vehicles is up to par, and that we treat our customers as valuable parts of our company.

While our business might be one car repair dealer among many, this is not a case of “a dime a dozen.” We offer professional services and treatment along with a hassle-free experience that is unparalleled by surrounding competitors, and have just the right mechanic for any customer or car thrown our way.

Get A Car Loan, Usually The Same Day!

Many people think that getting a car loan is a long and complicated process, and with some lenders, this can be the case. However, finding car financing and getting approved quickly isn’t impossible. Following the guidelines below will help you find favorable financing and get behind the wheel of your new car in hardly any time.

First, be willing to shop around. Different lenders tend to move at different paces. At a financial institution, you will have to fill out plenty of forms, and typically at least a few days for approval. At a dealership, you can often get a financing package laid out on the spot, get approved on a shorter timescale, and drive away in your new car much sooner.

Next, do your best to come to the table fully prepared, or you’ll be wasting your own time as well as that of the dealer. You’ll need to bring proof of employment and your current income, as well as documentation such as identification. You also need to have worked out a budget beforehand so that you know what kind of monthly payments and what kind of total amount you can afford. Being prepared with this information will make it much easier for you to work out an appropriate arrangement with the right lender.

Finally, if you can, you should find out what your credit score is beforehand so that you’ll have some idea of what kind of interest rate you deserve. It’s important to look around for a good rate, but if you’ve had problems with debt or other liabilities, you don’t want to waste too long looking for a deal that you might not find.

With these simple steps in mind, you should be able to expedite your car financing. Although getting auto financing quickly is a great goal, you should always remember that buying a new car is a big commitment, so you shouldn’t rush into anything that you aren’t sure about.

How You Can Get a Great Car Lease

You might be surprised to learn that car leasing follows a similar strategy to car buying. It’s all about being prepared before you go to the dealership. In particular, there are a few steps you can take to get a great car lease.

Know Your Prices

Do your homework before you walk into the dealership and know your prices. Not just the wholesale price of the car that you want, but the blue book value of your trade-in, if you have one. You could then negotiate an equitable lease rate and maximize the value of your trade-in.

Negotiate Options

A lease agreement has provisions for options such as down payment, mileage limit, and end-of-lease purchase. Prepare to negotiate the terms of these options with your dealership. Also, the amount of down payment affects your lease interest. A larger sum could reduce the interest rate.

End-of-Lease Terms

Make sure you know what is required when the lease expires and it’s time to return the car. For example, you might need to return the car with fairly new tires. Knowing the terms in advance, could help you to avoid penalties.

Avoid Mileage Overage

Check the mileage terms of the lease. If you anticipate driving over the allotted mileage, then you might want to consider purchasing extra miles at the beginning of your lease. If this sounds like something you’d consider, ask the dealership if you can do this.

Just like a car purchase, you might want to consider coming prepared to the dealership for a lease. Know the wholesale price of the lease vehicle and the blue book price of your trade-in. Familiarize yourself with your lease options and end-of-lease terms and if you anticipate logging a lot of mileage, consider adding extra miles to your lease plan.