Shopping for a car loan can be overwhelming even if you’re a seasoned veteran. Being a first-time car buyer in this current market is just exhausting! Fortunately, National Car And Loan is here to walk you through what you need to know if you’re looking to get an auto loan, whether you’re trading in that rusted beater you’ve been driving since high school or if this is your first time ever getting a car.
The first thing to keep in mind when shopping for the car and loan of your dreams, is that you should try to make sure that you aren’t paying your loan off for more than two years. You should also put down at least a 20% down payment on the vehicle. Both of these things will ensure that you are not in the position of paying more for the car than what it is worth. Otherwise, first-time buyers often run into issues down the road, whether it’s trying to make payments they don’t have the money for or they are still paying a loan off long after the car has surpassed its use.
Having little to no credit is another obstacle first-time buyers face. It can be difficult finding a lender that is willing to take the risk of handing out a loan to someone who has no history of making payments on time or reliability. As backward as it sounds, you often times need credit to get credit.
Fortunately, there are quality websites like NationalCarAndLoan.com that can help first-time buyers get a loan if they need it. Because if the way our system is set up, we actually work directly with lenders who deal specifically with people who have little to no credit. All you need is proof of a steady income of at least $1600/mo and a history of paying your bills on time, and you can be approved in just minutes!
Even if you’re a first-time buyer, financing your vehicle shouldn’t be tedious or overwhelming. Instead, let NationalCarAndLoan.com do the work for you and get an auto loan quote online in just minutes! NationalCarAndLoan.com is here to help you no matter if you have poor credit, good credit, or no credit!
Get a free, no-obligation auto loan quote from National Car And Loan today!