Tag Archives: advice

Financial Advice for the New Year!

Posted on by
Reply

ID-100124223The New Year is upon us and with it comes the mandatory resolutions so closely associated with the beginning of the year.  Whether it’s to renew that gym membership with the promise of a regular exercise schedule or getting to bed on time every night, new beginnings are what the New Year is all about.  Here’s one that should be on everyone’s list; improving your credit score.

Auto Credit Express has brought to light an article that the AFSA Educational Foundation put together to help people better manage their money in order to give their credit rating a helpful boost.  Here are a few choice things you can do to help get you on the right track.

Choose a month to look at how you’re spending your money.  You want to do this in order to see exactly where your paychecks are going to.  See if you can spot places where there is unnecessary spending.  This information can make a more realistic budget and provide a bigger and better picture for a monthly budget.

One tip that I can’t stress enough is that you should obtain a copy of your credit report in order to know where you stand.  Knowing that credit score is necessary to know what needs to be done.

Always make sure to make more than the minimum on your credit cards.  Pay it in full if you can, but if that’s not a choice than anything additional you can pay down is a bonus.  Be it just 5 extra dollars or as much as $50, it helps you get to the end goal of no more debt even faster.

Taking charge of your finances is the best way to ensure that you don’t encounter credit problems in the future should you choose to apply for an auto loan.  There’s plenty more tips provided that should give plenty of help, so make sure to check them out.

Looking for a car and you’re in the Queens area?  You’re in luck; we here at Bayside Chrysler Jeep Dodge want to meet with you.  We love to say yes here.  Stop on by and see how we can help you get the vehicle you need to make 2013 the best year ever!  Pay our Facebook page a visit as well as our Twitter and stay up to date with more credit tips and offers!

Image courtesy of Stuart Miles / FreeDigitalPhotos.net

Tips to Improve Your Car Buying Experience

Posted on by
Reply

Have you been holding out on getting that car you’ve been needing? A large number of drivers have been afraid of going into the dealership due to the recession. They’ve been trying to drive every single mile out of their current vehicle wanting to avoid purchasing a new vehicle because of money and poor credit. For many of those people, that wait can’t go any longer. There’s just no more life left in the old ride. It might be time, but that doesn’t mean you have to be afraid of what your credit score may lead to. We have some helpful tips to help you get the best deal possible.

Have a poor credit score? Time to give it a boost. The higher your score, the lower the interest you can expect. That means you need to take the time to review your score. Make sure that having an inquiry on your report won’t bring it down even more. It may take you sometime to get the undesirable material taken from your report, but it’s well worth the time. Having your score show improvement can make a great difference in what your rate is.

Another method that leads to a much better rate is to increase your down payment. Having more money right up front shows that you’re less of a liability. In case you’re wondering, the industry standard for a down payment is 20 percent of the purchase price. An example is if you’re purchasing a vehicle for $25,000, then the down payment will be $5,000. The more you’re willing to put down at the time of purchase will be beneficial when you need leverage to negotiate for a lower car loan rate.

What about if you’ve done all the homework prior to going in and just can’t find the finances for a new car? You may want to look into leasing a vehicle. Leasing means that you’re not buying the car. That means your rates are more likely going to be lower than if you bought. Another plus of going the route of leasing is that contracts usually only last for 2 to 3 years. When the term is finished, you can go into the dealership and lease a newer vehicle.

Any and all of these tips can lead to a much better buying experience. Make sure that you contact us here at Bayside Chrysler Jeep Dodge. You can view our new and pre-owned inventory online. Like us on Facebook and follow us on Twitter for more tips and deals.

Help Getting a Low-Interest Loan

Posted on by
Reply

One thing that we pride ourselves here at Bayside Chrysler Jeep Dodge is working with the customer to make sure they walk (drive) out of the dealership with the best offer. To that end, we want to help provide that same customer with all the tools they need to be ready for day they need that car. It’s not an easy thing for many people on how to handle purchasing when they have bad credit. Don’t worry though, we’re here to give you helpful tips on just what to do.

The first step should always be to know what your credit score is. With this knowledge, you want to know what the rating needed to qualify for a good credit interest loan is. If you have a score that is close to that rating, then you’ll find yourself in a good position of obtaining that loan. If your score isn’t there quite yet, don’t worry, there’s still things you can do to help.

One piece of advice is to avoid changing your job. That is unless you’ll get a huge improvement on your finances. Having steady employment reflects on your application for a loan and many lenders want to see a consistent work period of 1 to 2 years. You’ll also want to make sure that you’re keeping current on any minimum payments you have. Having negative marks on your credit report can see a vast improvement by showing maturity in your finances.

We have even more advice for you to look at if you have poor credit and are still looking to get into that car you want. We’re always looking to help put you on the road, so come on into the dealership and see how we can help. View our new and pre-owned inventory online at our website. Like us on Facebook and follow us on Twitter for updates on specials offered at the dealership.