Sentences with phrase «because auto lenders»

Applying online will save you time and money because auto lenders online must compete with each other in order to get your business.

Not exact matches

The offer might prove too tempting to someone who might otherwise never take out an auto - title loan, said the regulator in a bulletin to lenders: «This business model could also be perceived as a deceptive practice because it appears calculated to bring the consumer into the store with the promise of one product, but later effectively requires the consumer to go to another location to purchase another product.»

It's hard to get an auto loan, because it used to be that lenders could resell the car at a given price after a year or two.

The conclusion is auto makers, dealers and lenders should adjust for this new breed of buyers because they want what they want, when they want it and how they want it.

That's because we work with a number of different auto lenders and so, are able to keep our rates competitive.

That's because we work with a broad network of banks and lenders in order to provide a variety of auto loan options for our customers.

Marshall Chrysler Dodge Jeep Ram is able to do this, because we have the experience, skill and long - standing relationships with the top auto loan lenders in the industry.

Auto financing for bad - credit customers is available through a traditional car dealer, but because your low credit score already dictates that you will pay a higher interest rate than consumers with good credit ratings, obtaining bad credit car financing through the dealership will be even more costly than through your bank, credit union, or a sub-prime lender.

With no entities like Fannie or Freddie in the auto world, it may be harder to gauge what lenders are going to do because each has its own specific practices.

Because lenders rely on your credit report to decide if you qualify for their loans, bad credit largely excludes you from traditional auto financing, and it's not often possible to delay buying a car until you can improve your credit.

As credit scores for new auto loans hit record highs, lenders have also tightened their standards and are lending less based on purchased vehicle values.This is good news for the auto lending industry because narrower credit standards are «starting -LSB-...]

Automakers may be able to sell more cars because of the longer loan terms, and auto lenders will make more money off of the interest charged.

Copies of reports that you may get from a mortgage lender or auto dealer buddies also will look different and be much harder to understand because they are coded for lenders.

Auto Lenders are willing to make that gamble with you because they have the car as collateral.

Defaulting payments on an auto loan leave the lender with a car to earn a return on a loan, but student loans lack this collateral because lender can not take back an education on a defaulted student loan.

Because auto loans are not regulated as strictly as mortgages, it easier for lenders to give car loans to individuals who probably shouldn't qualify.

Affiliate partners are companies like auto dealers, mortgage brokers, and other lenders that often have to turn individuals down because their credit is poor.

That's especially true, they say, for consumers who have thin files and would have otherwise been turned down by lenders because they didn't have enough experience with traditional loans, such as credit cards and auto loans.

This happens because private student loans are sold with other loans, so even though one lender may not use auto defaults there is no guarantee the next lender won't.

Borrowers with bad credit could pay significantly more than this, because lenders tend to charge higher auto loan rates for «high - risk» consumers.

Because auto loans have a certain level of inherent security, plenty of lenders are willing to offer them to people with even the worst credit scores.

Card issuers and auto lenders may also be taking a cautious approach because subprime borrowers are less likely to be able to tap into home equity in an emergency than they could a decade ago.

Auto loan rates tend to be higher for these longer - term products, because the lender bears more risk.

Loans for property, such as auto loans and home mortgage loans, are considered secured debts because the lender has a way to recuperate some of the loss (i.e., taking your car or house) if you can't make your payments.

The Consumer Financial Protection Bureau this week issued an urgent warning to the public about the dangers posed by auto - defaults, the industry - wide practice of lenders placing borrowers» private student loans into default simply because the borrower's co-signer — often a parent or grandparent — had died or declared bankruptcy.

Gap plans are also beneficial for drivers who purchase instead of lease a vehicle but still take out a loan because, if they total the car after just purchasing it, they will still owe additional money to the lender while having to buy another auto.