Hit the Road in your Favorite Car with Fast Auto Loan Approval

If you want to sail through the loan process quickly, Fast Auto Loan Approval is perfect for you. The online auto financing company is famous for providing quick car loan quotes. It doesn’t require you to submit a mountain of documents. All you need to do is fill a 2-minute online application form on its secure website.

Fast Auto Loan Approval has worked with many sub-prime car buyers. It doesn’t believe in giving undue importance to your bad credit history. It has faith in your current financial situation. So, don’t take tension of your credit score. If your current income is adequate for car loans, the company will leave no stone unturned in finding you the best low rate loan quotes.

Fast Auto Loan Approval makes car financing stress-free for Americans with credit issues and no down payment. Apply now and take advantage of its simple approval criteria.

3 Reasons why Americans cannot stop loving their Cars

Internet is going CARAZZYYY with lists about everything. People are listing their experiences, their likes, dislikes; everything is available in the form of list on the web. That’s when I thought; our world needs to know why cars are so important to Americans and why we love them.

1. Car boosts the Economy

Automotive sector has always contributes 3-3.5 % of the total Gross Domestic Product. It currently employs more than 3,900,000 people (including manufacturing and retail trade). Many people’s lives are dependent on the sector and so it is often the first industry to receive rescue packages and bail-out schemes.

So, feel proud when you buy a car because you are contributing to the American economy. 

National Employment (Seasonally Adjusted)

Data series		One year ago: Jul. 2013	May 2014	Jun. 2014	Jul. 2014	1-month change: Jun. 2014 - Jul. 2014	12-month change: Jul. 2013 - Jul. 2014
Employment (all employees, in thousands)
Manufacturing
Motor vehicles and parts manufacturing		818.6	854.7	(P) 864.7	(P) 879.3	(P) 14.6	(P) 60.7
Retail Trade
Motor vehicle and parts dealers		1,794.0	1,846.5	(P) 1,858.7	(P) 1,859.4	(P) 0.7	(P) 65.4
Automobile dealers		1,138.5	1,171.8	(P) 1,176.5	(P) 1,178.6	(P) 2.1	(P) 40.1
Footnotes: (P) Preliminary

(Source: Current Employment Statistics) 

2. Car improves Social Status

Alexandra Paul was true when she remarked, “The cars we drive say a lot about us.”

Cars are important to us because our social status is attached to it. They are a part of the Great American Dream. We feel like a celebrity when we own a luxurious high-end automobile. People will know that you are a man/woman of affluence by taking a look at your Maserati, Porsche or an Audi R8.

3. Car makes Life Easier

Our offices are far from our homes. Imagine travelling in the subway or a crowded bus! Sounds excruciating, isn’t it? A car guarantees comfortable ride to your destination. With a car, you can reach office smelling fresh and not like the smelly person on the bus.

Also, it is very convenient to run errands and pick your kids from the school.

 

Cars have become an integrated part of our life. We are attracted to it because it empowers our life and is directly related to our social standing. Plus, it is definitely fun to drive a car.

If you are looking to buy a car, contact Fast Auto Loan Approval. The online auto financing company will help you in obtaining the best rates on car loans. Apply now and ensure quicker car finance.

Don’t become a Loan Delinquent – Use these Tips and stay on Top of your Bad Credit Auto Loan

Automakers were able to sell16.5 million automobiles in July 2014 because of auto loans, particularly bad credit auto loans. But, there is a negative side to this phenomenon. The auto loan delinquency rate is also rising with the increase in bad credit car loan approvals.

According to Experian Automotive, the 60-day loan delinquency rate has increased to 0.62% of borrowers from last year’s rate of 0.58%. It means there is an increase of $859 million in the balance of delinquent loans since Q2 of 2013.Also, there is a minor increase in 30-day delinquency rate. It grew to 2.39% from 2.38% meaning $2.8 billion increase from the previous year.

One thing is clear from this data that even though lenders are offering easy approval on bad credit auto loans, it is becoming a bit difficult for sub-prime borrowers in handling the loan. It is because people are taking advantage of the relaxed lending norms without considering their financial situation. If you are thinking of obtaining a bad credit auto loan, you must consider these tips:

Your Need or Your Desire

Do you really need a car? Is it something that is necessary to sustain and improve your life or is it just a craving? It is very important to differentiate between your needs and desires. Don’t apply for a bad credit auto financing program if you don’t need it. There is no need to assume unnecessary financial burden because it can cause harm to your credit score.

Calculate your Savings

Before searching for a car, you must sit down and calculate your savings. If you know about your total savings, you can use it for any unexpected future expenses. This way any unanticipated problem or expense won’t create any trouble in making repayments in the future.

Detoxify your Home

It may seem like a weird advice, but it is very useful. By detoxifying your home, I mean getting rid of unwanted things. Sell them on ebay or any other reputed website. You can even organize a yard sale and raise money for down payment. Trading your old car is also a good way of removing junk and reducing the car loan amount.

Planning your Financials
 

When you take a bad credit car loan, you accept the responsibility of making regular payments. So, it is important to prepare for payments beforehand. If your loan term is going to be five years, plan for the entire term. Know your expenses and increase your income if you are planning for a wedding or a vacation during the loan term. It will help you in staying on top of your payments.

Many lenders will offer you quick bad credit auto financing, but you have to repay it for getting better rates in the future. You have to make sure that you don’t fall behind on payments because it will increase the chances of repossession and pose great risk to your credit score. So, follow these tips before submitting your car loan application.

Remember to look before you leap!