How to Get a Car with Bad Credit - 8 Simple Tips

How to Get a Car with Bad Credit - 8 Simple Tips

 

Did you know that 68 million Americans have bad or poor credit scores? You aren't alone if your credit score is under 600. That might make it seem like you won't be able to get the financing you would require in order to purchase a much-needed new car. Yet, that's far from the truth.

There are steps you can take to get the right financing for your dream car even if your credit score is less than perfect. Not sure how to get a car with bad credit, especially if you had a bad experience in the past trying to get a loan? That’s why we put together these 8 simple tips you can do to get approved for a car loan even when it might seem impossible.

1. Check Your Credit Scores Before Shopping for Your Car

You might be tempted to run to your car dealer to find your dream car, SUV or truck, but it's important to first do your research and know where you stand before shopping for your next vehicle. It’s important to first know what your credit score is since that can give you an idea of where you stand towards getting approved

You are entitled to one free credit report per year from each of the three major credit bureaus, Trans Union, Experian, and Equifax. Your credit scores may vary somewhat from agency to agency as each follow slightly different scoring methods, but they should be within a few points of each other. The first thing to do is check for any inaccurate information and notify the agencies to get them corrected. Once the corrections are made your scores will improve accordingly.

2. Work on Improving Any Bad Credit Items

Payment history and unpaid credit card debt have a significant impact on your credit scores. The first factor comprises 35 percent of your overall credit score, and credit utilization accounts for 30 percent. A history of late payments and high credit card balances will definitely result in a reduction of your credit scores.

If your need for a new car is not immediate, avoiding any future late payments and paying down as much of your credit balances as possible can go a long way in improving your credit score. Many experts recommend getting your credit utilization ratio (debt to credit limit) to under 30 percent. But, these are things that will take time before you see positive results, so how can you get that much-needed new car or truck right now?

3. Make a Realistic Budget for Your Car Purchase

We all like nice things but sometimes we can't afford them. Before visiting the car dealership, it's important that you make a budget for your car purchase. What is your monthly income? What are all of your monthly expenses including utilities and other financial obligations. And don’t forget estimated operating costs such as fuel, maintenance and repairs, and insurance. It's important to aim for an overall monthly car expense that isn't a burden that can cause late or missed loan payments.

4. Don't Go Overboard Adding Extras

You might be dreaming about getting a car or truck that's top of the line with all the extras. Yet, these extras will surely add to your loan amount. Getting an extended warranty could save you money in the long term, but what will fancy bells and whistles do besides add to price of the vehicle? Before considering an extra, take a look at whether it’s something you really need and worth the added cost.

5. Research Your Car and Financing Options

Now that you know your credit score and what you can afford, it's time to shop around for the right vehicle and financing that fits your budget. When you have bad credit, it's recommended to look for lenders who are more receptive to working with you, which usually eliminates traditional lenders like banks and credit unions. The best opportunity, in our opinion, is to work with a reputable used car dealership; one that has a good selection of vehicle types and price ranges and can provide assistance with a variety of financing options. Many of these dealerships offer instant pre-qualifying and guaranteed approvals.

6. Plan to Make a Larger Down Payment on Your Car Loan

Besides your credit score and current ability repay the loan, the loan amount itself will influence your chances of approval, and obviously affect the monthly payment amount. One way to lower your loan amount is by putting down a larger down payment. You have a better chance of getting approved for a car loan when you request a smaller loan amount, and it can make the payments even more manageable.

7. Get Pre-Qualified

It’s certainly important to first research what type of vehicles and models best fit your needs and budget, which can be accomplished from the comfort of your home. Practically every dealership today has their vehicle inventory online, making it pretty easy to get a good idea of what’s available in your price range before visiting them. And pre-qualifying for financing can be just as easy, with loan applications online as well. Once you have done your vehicle research and have a dealership in mind, complete their loan application form; you’ll usually get a response within a day or less. Once pre-approved, then it’s time to pay them a visit and find out the specific financial options available to you.

8. Read All the Paperwork Before Signing

Not all loans work the same. Even if this isn't your first car loan, it's important to read all the paperwork before signing on the dotted line. Don't be afraid to ask if you don't fully understand the terms and conditions. Your car loan officer should be able to answer all your questions and explain how the loan works.

Bottom Line

Getting approved for a car loan when you have bad credit may have seemed impossible, but we hope that by following these tips you will be able to make your new vehicle dreams a reality.

At Eden Autos, our professional team works to put the customer first. We always go the extra mile to ensure that your visit to our dealership is a great experience. Our goal is to always provide exceptional customer service with a hassle-free process, each and every time.

We have an extensive inventory of late-model cars, trucks, and SUVs at affordable prices. Every vehicle we sell comes with a 30-Day, 1500 Mile Bumper-to-Bumper and a 5-Day Unconditional Money-Back Guarantee for complete confidence and peace of mind with your purchase. We offer financing options for all credit ratings. Simply fill out our short online loan application and get an approval in minutes.

 

 

Why You Should Buy Your Next Car from Eden Autos

Five Reasons Why You Should Buy Your Next Car from Eden Autos

 

When it comes to the used car market in and around Philadelphia, we get it; there are a lot of options. Sites like Craigslist and Facebook Marketplace have also fueled used cars for sale by owner, which takes a dealership out of the equation altogether. However, we’re confident that you’ll have a significantly more positive experience buying from experts and receiving well researched advice on models and trends, instead of trying to go it alone. Here are our top five reasons why you should buy your next vehicle from our team at Eden Autos.

1. Eden’s Knowledgeable Buying Experience

Don’t just make a choice when picking out a used car, make a good decision that will benefit you for years down the road. Whether you’re buying your first vehicle or you’re a car geek like us, we can walk through every car on our lot while keeping the conversation accessible and knowledgeable. We want you to walk away not just with a car, but with the information you need to take care of it, enjoy it, and to tell your friends about your experience. We’ll ask you what you’re looking for in a vehicle and find a solution based on your budget, expected needs, and the type of financing you’re looking for.

 

Here’s what to expect when you shop with us at Eden:

1. We’ll ask questions to see what you’re looking for. We won’t try to push sales on a car that just wouldn’t be the right fit for you.

2. Variety. Take a tour of our lot to see the majority of the models we have in stock. Even if you come in with an idea of what you want, we’ll show you some similar models to give you even more options.

3. No pressure buying. Take as long as you need to make a decision, although we can’t guarantee that your dream car will still be in stock if you need to take a while to evaluate your options.

4. Clear financing. We keep the paperwork brief and the explanations easy so you know the terms of your loan and that your financing will be all set.

 

We’re proud to be one of the top rated used car dealerships in the Philadelphia area, and that we have customers coming to us from throughout the tri-state area. So what else keeps our customers coming back?

2. Best Selection of Used Cars in Philadelphia

We have vehicles for every budget, need, and everything in between. We make sure we stock vehicles from top automakers in top condition, while maintaining a price range that includes something for everyone. Our vehicles range in price from a few thousand dollars to premium models selling for price tags at around $30,000. We’re also always featuring cars and running specials, so you never know what exactly you’re going to find on our lot. But one thing is certain; you will always find a great deal.

 

Some examples of popular models on the market that we regularly stock include SUVs such as the Honda CR-V and Acura RX, hatchbacks like the Ford Focus, and top-selling sedans like the Hyundai Elantra. We’re constantly evaluating trends and analyzing how our stock is selling in order to make sure we have what our buyers are looking for. Even if we don’t have exactly what you are looking for, let us know; the next time that vehicle or a similar model comes in, we’ll give you a call.

3. Top Automakers and Models for Sale

Many buyers that come to us already have an automaker in mind. Whether you appreciate fuel efficient options from Toyota or a flashy ride from Mercedes-Benz, we stock top used car options on our lot. And, we do our research on vehicles valued for their reliability and longevity. We combine our selection with our dedication to service. Every vehicle we sell has been through a rigorous inspection, and comes with a free Carfax History Report, a Bumper-to-Bumper Warranty, and a 5-Day Monet-Back Guarantee.

4. Financing for Everyone

Let’s face it, traditional financing is not designed with everyone in mind. As a Buy Here, Pay Here dealership, we are happy to provide financing options for people with all different financial histories. BHPH means that you not only buy the car here, you get financing through us, instead of having to go through a bank or other financial institution on your own to finance your vehicle. This means you’re dealing with one team, and we will go beyond just your credit score when evaluating financing options for you. Buyers who would likely be rejected from a bank can be approved and that can enable them to build up their credit and gain valuable experience through this financing plan.

If you have bad credit or no credit, that doesn’t mean your options end if you are rejected by a bank. Economists at the Motley Fool report that top reasons for bankruptcies include job loss, income shrinkage, medical expenses, and divorce. We understand that emergencies happen, and the worst can be difficult to plan for, while a traditional financial institution will look at this type of history and immediately make their own judgments. We’ll help you start over.

5. Pressure Free Buying Leads to Happy Customers

We’ve catered our services to our modern customers who are too savvy for stale sales tactics, including putting on the pressure for you to buy sooner than you’re ready to do so. Just look at our reviews; our customers can’t say enough good things about our service, selection, and the vehicle they ended up with. We believe that pressure sales tactics are things of the past – our customers do their research before they step on our lot and continue researching during the process of choosing their vehicle.

 

We also have an awesome Referral Program that works for you. Think of it as us saying thank you for telling the people around you about your experience. Once you’re happy with your purchase, refer friends and family to get rewards. Our goal is to continue building a customer base that trusts our expertise and is completely happy with their experience. That’s how we make things work as a modern dealership that always puts our customers first.

 

6 Best Used Cars for Summer

6 Best Used Cars for Summer

 

Did you know that late spring and summer are the most popular seasons for used car sales? As the weather continues to heat up, dealerships are offering their customers great vehicles to choose from, with the best prices of the year. With summer now in full swing, you will find a large assortment of affordable pre-owned vehicles, including many low-mileage, late models.

 

The summer season influences car buying in both the new and used markets, and it’s a time when some of the best deals are available. With inventories moving even more during this time of the year, you as a buyer can often negotiate a bit more aggressively to get the best possible deal. Here are Eden Autos’ top six picks for used cars and SUVs to check out this summer.

2013 Honda Civic

Honda is a definite winner in the compact sedan line with the Civic. After seeing some flops for the first few years, Honda completely rethought its essential design and rolled out a sleeker version for the 2013 generation. The Civic is one of the best and most reliable options in the used market, thanks to the ideal blend of affordability and reliability. Drivers can enjoy great Bluetooth connectivity, hands free text messaging, and am interior that feels expensive for such a budget-friendly vehicle. A guided back up camera and a front collision warning system are modern safety features that help keep the Civic at the top when it comes to crash test safety ratings. Drivers looking for a fast sporty ride may not like the Civic, but those looking to save money on gas will love it. The 2013 Civic gets 29 mpg in the city and 41 mpg on the highway.

 

2015 Hyundai Elantra

This car combines the practicality of cargo space and fuel efficiency with speed and power. Passengers will love the rear heated seats, a luxury usually reserved for front seating, and the driving experience is very customizable with a custom steering mode and front seating to accommodate practically any height and seat angle. You can also drive with peace of mind, as this model received the highest crash test ratings possible in its year. The Elantra is a particularly quiet ride, although the sound system could have been improved to make the experience even more enjoyable. The 2015 Elantra gets 24 mpg in the city and 33 mpg on the highway.


2013 Honda CR-V

There’s a reason why Honda’s CR-V is such a popular line of compact SUVs. The 2013 CR-V is probably the least costly, latest generation you can buy used this summer. The 2013 model gives you Real Time All Wheel Drive and Honda’s signature Motion-Adaptive electric power steering system for a vehicle that can handle rugged terrain and snow. Many of the controls on the five inch LCD screen are also accessible via the steering wheel, and the CR-V is a surprisingly quiet ride. In terms of interior bells and whistles, the 2013 model is equipped with the basics, but a range of high tech features are available options. The 2013 CR-V gets good mileage for an SUV, with 23 mpg in the city and 30 mpg on the highway.

 

2015 Acura RDX
This highly rated SUV combines compact ease with a sporty ride that’s super fun to drive. With the first generation dating back to 2007, the RDX soared in popularity in a very competitive market, especially with the generation that was released in 2010. This model is also more fuel efficient than previous generations, getting 20 mpg in the city and 28 mpg on the highway. The surround sound system is great for music, and passengers in the back can enjoy watching a DVD during extended trips. The RDX is also more spacious than it appears. The center console is a significant storage upgrade compared to similar vehicles, and the back seat doesn’t skimp on the extra leg room.

2015 Buick Enclave

If it’s an SUV with lots of room that best matches your needs, the 2015 Buick Enclave may the perfect choice. In addition to a high safety rating, the Enclave comes with lots of standard features, including a 6.5-inch touch screen, Bluetooth, smartphone integration and satellite radio. Available family-friendly options include a rear-seat entertainment system with a DVD player, wireless headphones, and a large overhead display. City mileage is estimated at 17 mpg and 24 mpg on the highway.

2014 Toyota Sienna

If you’re looking for a roomy minivan with a clean design and great mileage, the 2014 Toyota Sienna is the perfect vehicle. This model may not satisfy those looking for the speed or sporty handling available in more luxury vans, but the 3.5-liter V6 engine and a six-speed automatic transmission offer fuel efficiency and the perfect amount of zoom for highway drivers. In addition, the Sienna has great safety ratings across the board. Enjoy Bluetooth connectivity as well as AUX ports for the entertainment system and three rows of comfy seating for eight. The 2014 Sienna gets 18 mpg in the city and 25 mpg on the highway.

So, if a new vehicle is in your future this summer season, be sure to look at our online
inventory to find the one that best fits your needs. All of the pre-owned vehicles at Eden Autos have been completely checked out and come with a free Carfax report, a Bumper-to-Bumper Warranty, and a 5-Day Unconditional Money-Back Guarantee. Our professional team goes the extra mile to make sure your visit to our dealership is a great experience. And don’t worry if your credit history is not the best; our financial experts will help you get instant approval for an affordable financing plan that’s within your budget.

 


10 Best Road Trips to Take This Summer

10 Best Road Trips to Take This Summer

 

Start your planning and pick out your perfect car snacks; it’s time to drive and explore! Taking a road trip can be one of the best parts of a real summer. From Philadelphia, you can head to the beach (and not always down the shore), escape to the forest, or cross off exploring a city that’s been on your list for a while. Either way, this type of vacation is all about the journey and destination. If you haven’t planned your summer road trip yet, here are 10 of our favorites.

Destinations a Short Drive from Philly

Cape May, NJ (2 hours, 93 miles)

Be proud to be a beach bum, whether it’s for one day or two weeks. The stunning historic beach town is more of an old-fashioned experience of the Jersey Shore as America’s oldest seaside resort. Accommodations range from modern oceanside resorts to quaint beach houses with more of the historic flair the city is known for. Although the beach is usually packed during the summer, July is their busiest month, and going during the middle of the week will help you have a less crowded experience.

Lewes, DE (2.5 hours, 120 miles)

This beach town has been transformed by brewery Dogfish Head with the Dogfish Inn. In addition to all the adventuring the town has to offer, the inn creates a fantastic experience for nature lovers who also love beer. Plan a day trip to see the sites (or go to the actual brewery just 11 miles away), or a weekend away to get the full experience.

Hershey Park (2 hours, 97 miles)

It can be a quick day trip perfect for families. Stay at the Hotel Hershey for a more luxurious experience. They even have chocolate scented toiletries, and you get passes to enter the park one hour before everyone else! Or, make this a fun and budget-friendly weekend by camping or staying in of the many nearby towns. Although a lot of things are chocolate themed, it isn’t like you stepped straight into Candy Land, although you might want to pick up an exclusive giant chocolate bar while you’re there. Admission to Zoo America is included with every theme park ticket, so you can see more than 200 animals native to North America.

More Than Just A Day Trip

Assateague Island National Seashore (3-4 hours, 152 miles)

The national park and island span from Maryland to Virginia. A four-hour drive leads you to seeing wild horses, kayaking, and exploring the beaches. You can camp on certain areas of the island, stay in nearby small towns, or do a short drive back and forth from Ocean City, MD. Park rangers lead guided tours of the island to take you to all the best spots for wildlife watching and views of the ocean.

Pittsburgh, PA (5-6 hours, 300 miles)

Pittsburgh offers a little bit of everything to the city adventurer. The city is known for its bridges, museums, and the Phipps Conservatory and Gardens. Don’t miss the Andy Warhol Museum and trying the pastrami sandwich at Primanti Bros. There’s a lot to see in a long weekend, so make sure you plan ahead and buy tickets in advance whenever possible. You can stay on I-76 for the entire drive or take a couple of easy detours for fun stops in Lancaster and to minimize the tolls.

Nemacolin Resort (5 hours, 297 miles)

Get a little rugged in Southwestern PA. Nemacolin offers all the outdoorsy things your adventurous friends and family might want to do in one place. Go rock climbing, test your skills on a ropes course, make frenemies in a game of paintball, and explore the wildlife center. The resort is nestled in a forest and offers a range of options for overnight stays, so you aren’t tied to just one hotel. Passes to multiple activities are available, so you can schedule all your activities and save a little money at the same time.

Green Mountain and Finger Lakes National Forest (6 hours, 305 miles)

If you want to go a little more off the grid with your nature experience, head to Green Mountain National Forest in Vermont. The national forest is the perfect playground for experienced and amateur hikers alike, and you can reach stunning views in just a few hours on foot. Go camping and fishing by Grout Pond, and miles of trails lead to the Somerset Reservoir for more exploring. If you’re ready to go camping or want to return to hotel accommodations at the end of the day, Green Mountain has a little bit of everything.

Hitting the road

Portland, ME (7 hours, 410 miles)

The coast of New England is a perfect destination during the warmer months. Explore rocky seashores to find tide pools galore, and venture to Casco Bay to see historic lighthouses and go sailing. Palace Playland is a gorgeous beachfront amusement park to keep the kids entertained, and you can eat and shop all around town.

Myrtle Beach, SC (10 hours, 570 miles)

If you want to head south to see a different side of the eastern coastline, Myrtle Beach is the perfect summertime destination. It’s the center of the Grand Strand, which has more than 60 miles of beaches. In addition to beaches, the city is equipped with amusement parks and boardwalks that will keep everyone exploring for days.

Follow the Blue Ridge Mountains (12+ hours)

This trip takes dedication and a vehicle in decent shape but is worth it for the views. You can journey to Chattanooga, TN from Philly in 12 hours, but travelers recommend making many stops along the way to explore the towns along the epic Blue Ridge Mountains. Pick between the Blue Ridge Parkway and the Skyline Drive. Skyline runs through Shenandoah National Park, and the Blue Ridge Parkway takes you a little further south on your way to Tennessee. There are many different spots along the way, but music destinations are essential for country music fans. Don’t miss the Birthplace of Country Music Museum in Bristol, VA and partaking in Appalachian soul food along the way.

 

So whatever road trip you decide on, you certainly want to make sure your vehicle is in good enough condition to get you there and back safely and without mechanical breakdowns. If not, this may be the ideal time to trade it in for a more reliable one. At Eden Autos you will always find a large selection of late-model, low mileage cars and SUV’s to choose from. And we have flexible financing options the meet your individual needs. We also offer numerous financial solutions for those with more challenged credit issues. So, no matter what your financial situation, our dedicated staff is here to help you get the right vehicle that best fits your needs, with financing within your budget.

 

 

 

 

 

 

 

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