Aside from reliability and a vehicle with an economical price tag, high school and college students are concerned with style. Some used cars suffer from a lack of design, while others are popular among middle class students and first time auto-buyers in Missouri. St. Louis used car dealer, St. Louis Auto Stop reveals which models and makes earn top grades among students of legal driving age. Continue reading
Even in the St. Louis used car market, there are so many options to test and explore. The ‘extras’ that are added on to vehicles are often a matter of choice for comfort and personal style plus convenience.
However, when you are selecting your next used St. Louis Auto Stop vehicle, you may want to not only consider what you want in your car but also what vehicle extras will retain their value, giving you a leg up when you choose to later sell or trade in your vehicle.
St. Louis Auto Stop experts can help you find the vehicle that features all the extras you want. Pay attention to the things that will keep their value and which can lose their worth over time.
The extras that tend to keep their value include:
• Cruise control
• Power seats
• Power locks
• Power windows
• Air conditioning systems
The vehicle extras that may not hold up their value as much include:
• Specialty stereo systems
• GPS navigation systems
• Media and entertainment packages
Typically it is the technological trends that tend to lose their value because drivers can’t always keep up with the technology curve. While you should certainly select the options you desire for your next vehicle, just consider what options can take you further when you plan to sell or trade up for another St. Louis Auto Stop vehicle.
In lieu of the U.S. recent credit rating downgrade, a slew of misconceptions surround the purchase of used cars. Particularly, in St Louis, used car shoppers are perplexed by how the downgrade will influence interest rates for financing. The St. Louis used car dealer, St. Louis Auto Stop demystifies the misconceptions of buying a used car.
FALLACY: Now that the US credit rating has been downgraded, high interest rates will make securing a used car loan more challenging for Americans.
On the contrary, auto manufacturers and used car dealers have a vested interest to endorse the supply of credit as it impacts the capacity to sell vehicles. Individuals with decent credit score of 700-plus, generally tend to be eligible for today’s inflexible lending standards. Economists foresee interest rates remaining in moderate territory for the time being.
Lacey Plache, Edmunds.com‘s chief economist articulates why the interest rates for auto financing won’t feel any immediate effects, “U.S. debt is the world’s reserve collateral. More treasury bonds will now be required to secure loans, meaning that the demand for the bonds will increase. This, in turn, will create a seller’s market that will keep pressure on U.S. debt interest rates not to rise.”
FALLACY: Used cars do not have any down-payment requirements.
Buying a used car means that the buyer does not need to remit a down payment is a misconception, created by the America’s credit crisis. In actuality, an ideal used car transaction involves a minimum of a 20 percent down payment, which helps offset the interest rate, monthly car note, coupled with the first year of depreciation.
Alternatively, some St. Louis used car dealers provide guaranteed auto loans. For the consumer with tarnished credit, a guaranteed car loan affords no-frill financing. The borrower must provide proof of employment (pay stubs or tax statement), rent or mortgage and other personal financial information documenting income.
As the name implies: “guaranteed auto loans,” suggests that most consumers qualify. The caveat is that guaranteed auto loans possess inflated interest rates and monthly payments. Since the finance company is assuming most of the risk, the borrower pays heftier premiums.
FALLACY: Every used car purchase warrants immediate possession of the title.
Only a car buyer remitting the entire cost of the used car secures immediate possession of the title. When consumers secure financing for a used car, the bank or financing company maintains possession of the title until the car note is paid in full.
FALLACY: Most used car dealers have a limited inventory and few incentives.
Few if any used car dealers feature the same inventory. Not all used car dealerships are synonymous with ‘a limited inventory.” In fact, at the St. Louis used car dealer, aptly named StLouisAutoStop.com, the online showroom boasts everything from luxury BMWs to pre owned GMCs. And aside from the St. Louis used car dealer’s extensive selection, bargain hunters find vehicle specials as well as exclusive financing incentives.
Please click St. Louis used car dealer to review the latest arrivals.
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Pre owned Hondas
With the state of the economy and the precarious unemployment numbers in the country, it is easy for consumers to have fallen behind on some of their bills and miss other important financial obligations. These issues are often only temporary and you are able to get back on track soon enough. However, minor financial snafus can have a lasting impact on your credit score, making it harder for you to get auto financing in St. Louis.
You likely have enough income to manage a monthly vehicle note but convincing banks and other big lenders proves to be difficult. With St. Louis dealership financing, we specialize in helping those with temporary financial problems get back on track with affordable auto loans and peace of mind that comes with a reliable vehicle.
When our dealership works on your behalf to find an auto loan that makes sense for your financial life, we also are helping you to improve you tarnished credit score so that you can wipe the financial slate clean. Provided you continue making on-time payments for the life of your loan, you can bring your credit score back up and create a more stable financial life for the future.
With better credit by paying your car loan note on time, you also will have access to the best insurance premium rates and more options for financing in the future. Good credit can also help you land a new job and make it possible to rent new housing. Repairing credit is not an overnight thing but you don’t necessarily have to wait until you have great credit before getting the vehicle you need.
Our St. Louis auto financing experts are ready to help you find the loan you need to make your financial life more stable and help you get back on track to being credit worthy. As many consumers have been burdened by financial problems because of the recent recession, it is not uncommon for many to have to start from the bottom up to improve credit and get finances back in order and temporary financial issues should not impact your ability to get a reliable vehicle.
When you are looking at purchasing a new St. Louis vehicle, it is important to start planning ahead. This is especially true when you want to have a sufficient down payment to make monthly payments more affordable. There are ways to save big money even on a tight budget.
Here are some tips for saving small to generate a nice-sized down payment:
Work Your Budget
Everyone should incorporate a budget into their financial life to help stop overspending and to get an accurate picture of where your money is going each week. By working through the numbers, you can allocate a certain amount of cash into a special savings account to be used as a down payment when you are ready for your new vehicle. Even starting at $25 a week and increasing your deposits over the course of a few months can add up quickly.
Make Sacrifices
If you are in need of a new vehicle, you can choose to make some sacrifices by cutting down on your spending. Stop cable services for a few months or downgrade your cell phone plan in order to make more deposits into your down payment savings account. The sacrifices can be temporary or a long-term move to free up some more cash you need for other important things.
Deposit Windfalls
When you receive a bonus at work or an unexpected sum of money, you should put it directly into your saving account and not be tempted to spend it. While windfalls of money can trigger your brain into thinking of all the possibilities, it can help to focus on one or two savings goals at a time.
The amount of down payment you want to put towards your new St. Louis vehicle is up to you. By generating a larger down payment you can cut monthly payments down considerably making it easier to afford the vehicle you have been dreaming about.
When you have bad credit St. Louis Auto Stops makes it easier to get approved for the new car you need now. Having credit problems in the past does not automatically eliminate you from getting an affordable loan. In fact, with our dealership financing, your auto loan can work to improve your credit score and assist you in getting more reasonable financing rates for your other needs.
Our dealership has a long history of making new car payments affordable to those who have less than perfect credit. We realize that many people have the ability to meet their car note obligations each month but lack the credit to get the loan in the first place. We have many options for those in the market for a new car who can’t wait until their credit improves.
Once you have secured a vehicle loan with St. Louis Auto Stop, your job is to make sure payments are made on time each month. As a result of this financing, your credit score will actually receive the boost it needs to help you in other ways. For instance, car insurance rates are determined by credit score. With a St. Louis auto loan, you can get better insurance premiums with a better score. It doesn’t take long to see results either. A few months of consistent, on-time payments can do your credit score a world of good.
If you are in the market for a reliable new or used vehicle, check out St. Louis Auto Stop first. Even when credit problems may be preventing you from getting anywhere with other lenders. St. Louis Auto Stop has financing options to help you get your credit back on track while getting the vehicle you need to keep your income stable.
If you are dealing with credit issues that have blocked your financing options from other dealerships and bank lenders, St. Louis Auto Stop has many financing alternatives that can actually work to improve your low credit score.
The way the credit world works is simple, in order to have good credit you need to use credit. With an auto loan from St. Louis Auto Stop, you can improve your credit by having a loan and making timely payments each and every month. We can also help you get a vehicle loan with reasonable payments that can save you money. That money can then be put to good use by eliminating your existing debts and further boosting your credit score.
With credit issues in the past, you can work towards increasing your credit score by paying more attention to your finances overall. A budget is the best resource for keeping tabs on your financial situation. St. Louis Auto Stop’s experienced sales team can help put you into a vehicle well within your budget so your payments are never a struggle. As you continue to pay your Auto Stop loan note on time, your credit will start to get back on track.
Improving your bad credit is important for your future financial stability. Better credit means better loan terms, lower auto insurance rates, and more financial savings overall. St. Louis Auto Stop’s financial department has many years of experience assisting people achieve better credit because of the financing options we have made available.
Getting back on the good side of credit is a good thing and achievable with some effort. Your ability to get a reliable used vehicle and improve your credit is an offer you shouldn’t pass up.
When you have had credit problems in the past, financing a vehicle may seem like an unachievable goal. Not all dealerships or lenders are willing to offer financing for those with bad credit histories but at St. Louis Auto Stop we are ready to help give you options and are more than willing to get you into the vehicle of your choice on the very day you visit our dealership.
Bad credit financing is possible and we have several options through our experienced financial department for solving credit dilemmas. We know that today’s economy makes it tough for drivers to get the vehicle they need to keep earning income.
Even if you don’t know where you stand credit-wise, we can help you review your credit history and recommend the right financial options for your situation. With the many financing options available at St. Louis Auto Stop’s dealership, we make our customers comfortable and help with the decision process to make the right financial choices.
We have many financing options even for used vehicles which may be harder to get from other lenders and St. Louis dealerships. We have the confidence we can put you in the vehicle that meets your needs and have many fuel-efficient, cost-effective vehicles in the lot you can drive home in on the same day.
Credit problems do not automatically mean you have no future for financing a vehicle. In fact, securing an auto loan is a good way to improve your credit rating. Keep making on time payments and eliminate other debts and you can boost your credit score significantly. Stop by our St. Louis dealership and we’ll show you how possible it is to get financing and improve your credit.