Tag Archives: Queens Bayside

Auto Loans: Where Will I Find the Best Rates?

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Car buyers looking for the best financing deal on their next vehicle might have the answer right under their noses.

According to the National Automobile Dealers Association, dealerships across the country are meeting or beating auto loan offers from competing banks or credit unions. Today, more customers are walking into a dealership with pre-approved financing, thinking they already have the best deal.

The truth is that dealerships can almost always find a better financing deal because they send applicants’ credit applications to multiple lending institutions. By financing through the dealership, consumers can also get additional incentives like cash-back rebates or zero-percent loan offers, and since the dealership is hoping to get parts and service business from their customers in the years to come, they will work harder to get their customers a competitive deal.

For more information on how to obtain a loan, contact a sales rep at Bayside Chrysler Jeep Dodge.  We have a wide selection of new and used vehicles to look at with competitive financing offered.  Like us on Facebook and follow us on Twitter to see more financing tips and for special monthly offers.

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Financial Advice for the New Year!

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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

Mistakes to Avoid for a Better Credit Score

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Credit problems shouldn’t mean you don’t get the loan necessary to get a car. At Bayside Chrysler Jeep Dodge, we want to make sure that you come in and drive off with what you need. One way of doing that is to provide some tips on how to get your credit issues under control.

Auto Credit Express has a break down of the three biggest mistakes that people with credit problems make. If you’ve found yourself wonder just how your score got so low, chances are pretty good that you have fallen victim to one of these traps.

You may be paying your bills late. If you are, that can be damaging to your FICO score in a very negative way. Getting your billing situation under control to make sure you’re not being overwhelmed can go a long way in helping.

Another mistake you may be making is that your credit card balance is too high. When a lender checks into your credit, they don’t like to see your balance maxed out. You should be using around 30 percent or less of any credit lines. It’s a huge red flag if lenders see too much debt.

Applying for the same kind of loan, be it home or a car loan, in a small amount of time are seen by the credit companies as a single instance in most cases. When you start applying for variety of different credit types, however, it can impact your score.

If you can avoid making these three mistakes, you’ll find a better credit score at the end of the road. If you’re suffering from credit issues but need to get yourself in vehicle, contact us at Bayside Chrysler Jeep Dodge. We love to say yes. Like us on Facebook and follow us on Twitter for more credit tips and other auto news.