Tag Archives: credit score

South Beach Tow Shows the Other Side of Car Repossession

Many Americans have experienced the frustration and embarrassment of a car repossession, but very few people stop to imagine what it is like to be a repo man or woman. The work is hard, safety is often a big concern, and nobody likes it when repo man is successful at his or her job. In Jennifer Lopez’s new show South Beach Tow, a camera crew follows the daily life and work of Tremont Towing in South Beach, Miami.

The show reminds me a lot of Dog the Bounty Hunter except that Tremont Towing brings in cars, not parole violators. Sometimes it is funny, sometimes it is scary, but it is almost always ridiculous. People in South Beach will apparently do everything and anything to prevent that tow truck from taking their car. In one episode, a team of paintball players gang up and shoot paint over the VIN number before chasing Junior, one of the repo men, back into his truck. In another, a frat boy at a pimp-and-hoes party busted out the passenger-side window with his cane.

Whether you enjoy this type of reality TV or not, though, I think it provides some perspective to the many Americans who have dealt with a car repossession. No matter what the circumstances surrounding a repo, those repo men and women are human beings who are just trying to do their job, and violence or verbal abuse is not helpful nor warranted. Also, if you are having trouble keeping up with car payments, reach out to your lenders and work out a plan of action. They understand that job loss or other unforeseeable circumstances happen, and more often than not, they want to work with you.

If you have gone through a car repossession, a bankruptcy, or other credit problems, you can still get into a new or used vehicle through Approved Loan Store! We want to help you get into the car you want at terms you can afford! Fill out our secure auto loan application here, and keep up with the latest from Approved Loan Store by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube.

Auto Loans and the Road Back to Good Credit

For consumers looking to re-establish a strong credit history, auto loans are becoming the best choice, even for those with especially poor credit.

The qualifications for mortgages, business loans, and credit cards have held steady with strict income and credit requirements, and consumers whose credit took a hit during the economic downturn are having a tough time getting back in good graces with lenders. As many of these applicants have been turned down for credit cards or mortgages, though, many of them have been approved for car loans.

For many consumers with poor credit, a car loan is perfect. Car ownership has been show to correlate with job security and less reliance on public assistance, and it is a purchase that most consumers want and need. Besides that, their credit score will improve as they make their car payments on time, provided they keep up with their other payment obligations of course.

This is one of the reasons why Approved Loan Store exists and why we do what we do. We want to help more people get into the car they want and need. Just take a look through our hundreds of testimonials, and you’ll see that we are the best in the business. Give Approved Loan Store a try by filling out our secure online auto loan application here. You will hear from one of our representatives in 24 – 48 hours, and they will set up an appointment with a Special Finance Representative at a dealership closest to you.

Want to know more about Approved Loan Store? Browse our website ApprovedLoanStore.com, and be sure to like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube.

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June’s Top Selling Cars: Trucks, Compact Leading the Pack

Anyone paying attention to car sales in 2012 knows that June was a spectacular month, continuing the upward trend set in the spring. Everyone is asking what is causing these high sales and renewed interest in getting back on the road. Personally, I think the best way to find out why people are buying new cars is to look at the type of cars they are buying. Below, we have listed the top 10 selling cars in June with #1 selling over 55,000 units and #10 selling slightly under 24,000.

  1. Ford F-Series pickups – 55,025 units
  2. Chevy Silverado – 33,566 units
  3. Toyota Camry – 32,107 units
  4. Chevy Malibu – 31,402 units
  5. Honda Accord – 28,924 units
  6. Ford Escape – 28,500 units
  7. Honda Civic – 27,500 units
  8. Toyota Corolla and Matrix – 26,647 units
  9. Ford Fusion – 24,433 units
  10. Ram pickups – 23,951 units

Some people are pointing to the Ford F-Series pickups and Chevy Silverado topping the list and saying that car buyers are looking for a fun summer car for camping or just getting outdoors for the day. Even though trucks took the top two spots, though, compact cars dominated the overall top ten list in June with those top compact cars selling 171,013 units. Only one SUV or crossover made the list which could be due to high gas prices, but considering that trucks are selling just fine, it might be that car buyers just aren’t looking at SUVs and crossover vehicles.

What do you think of the top 10 list? Are there any cars on the list that surprise you? Leave a comment below, and tell us what you think!

Are you looking for a great new or used vehicle? Approved Loan Store can help! Fill out our secure online auto loan application here, and keep up with our latest auto blogs and consumer alerts by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

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June Sales Defy Commentators, Continue to Grow

All through the month of June, car news and commentary was saturated with talking heads claiming that auto sales would see a downturn this month, and the soaring sales could not continue.

Needless to say, those commentators will be eating a mighty helping of crow this week as auto makers are reporting continued growth across the board. Chrysler had a 20 percent sales increase in June, making it their best June since 2007. General Motors saw a 16 percent increase, Ford had a 7 percent increase, and Toyota had a stunning 60 percent increase, coming back from the 2011 natural disasters in Japan.

The conditions are perfect for this trend to continue as the summer weather compels people to the road for vacation, convenience for work, or an old-fashioned drive in the country. Also, interest rates are dropping with an average of 4.5 percent interest rate on a 60-month new car loan, so more consumers can afford to drive.

Have you gotten into a new or used car yet? Approved Loan Store wants to help you get into a new car this summer! Fill out our secure online auto loan application here, and keep up with the latest auto and consumer news from Approved Loan Store by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube.

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CBS News Picks 5 Best Cars Made in America

Yesterday, CBS News MoneyWatch named their 5 best American-built cars. With so many great American cars on the market today, we were curious as to what made the cut. The list is below along with our thoughts on each of their picks.

Cadillac CTS – Winner of Popular Mechanics’ Top 10 Car, Car and Driver’s 10Best, and Edmunds.com’s Best Retained Value Award, CBS couldn’t really make the list without the Cadillac CTS. The Cadillac CTS’s latest tagline is, “If you’re going to make a statement, don’t mumble,” and with its combination of power and luxury, a driver won’t be able to blend in driving the Cadillac CTS.

Buick LaCrosse – In the past, the Buick LaCrosse has had no trouble racking up stellar reviews and awards, and 2012 is no exception. Already, it has earned five-star safety ratings from the NHTSA’s New Car Assessment Program as well as a Consumer Digest Best Buy. Kelley Blue Book reviewers also gave it a 4.5 out of 5 rating, making it popular with everyday drivers and car reviewers alike.

Ford Flex – The Ford Flex is probably the most underrated of the bunch here. It still isn’t a household name, but consumers and car reviewers who have driven it are hoping that changes soon. This cross-over is a seven-passenger family car with a completely different feel from the usual minivan or SUV.

Chrysler 300 – In 2012, the Chrysler 300 has already taken home some of the industry’s top awards. The 2012 Chrysler 300 was named one of Ward’s 10 Best Engines and Interiors as well as a Consumer Digest Best Buy. It was also ranked #1 in Kelley Blue Book’s 10 Most Comfortable Cars Under $30,000 and made Kelley Blue Book’s 10 Best Family Cars list. Like the Cadillac CTS, it would be difficult to make a list of the best American-made cars without including the Chrysler 300.

Ford FocusEdmunds claims that the Ford Focus the first American-made compact car to really give Japanese automakers a run for their money, and though that initial success might have gone to their head, Ford has made some big changes to the Focus that have made it a must-see American-made model. Edmunds specifically cited the 2012 Focus as a “monumental improvement,” calling it a “well-rounded, well-built car that is easy to recommend.”

We want to know what you think of CBS News’ list! Did your favorite car make the cut? What do you think got snubbed? Leave a comment below and tell us what you think!

Are you looking for a great new or used car? Approved Loan Store wants to help you get into the car you want at terms you can afford! Fill out our secure online auto loan application here, and keep up with the latest auto news by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Edmunds Announces Best Used Cars of 2012

When it comes to car shopping, many people rely on Edmunds’ detailed reviews and fair ratings to narrow down the make, model, and year. Their opinion carries a lot of weight with consumers, which is why it was a big deal when they released their 15 Best Used Cars for 2012 earlier this week. Whether someone is looking for a convertible, an SUV crossover, or a minivan, Edmunds has the best of every car type available on the market today. Check out their full list below.

Best Compact Sedan: 2005-2010 Hyundai Elantra

Best Midsize Sedan: 2005-2010 Nissan Altima

Best Large Sedan: 2006-2010 Hyundai Azera

Best Coupe: 2005-2010 BMW 3 Series

Best Convertible: 2005-2010 Mazda Miata

Best Wagon: 2005-2010 Pontiac Vibe

Best Compact SUV/Crossover: 2005-2010 Honda CR-V

Best Midsize SUV/Crossover: 2005-2010 Ford Explorer

Best Large SUV/Crossover: 2005-2010 Chevrolet Tahoe

Best Minivan/Van: 2005-2010 Honda Odyssey

Best Compact Truck: 2005-2010 Toyota Tacoma

Best Large Truck: 2005-2010 Ford F-150

Best Luxury: 2005-2010 Infiniti G35/G37

Best Hybrid: 2005-2010 Toyota Prius

Best Sport Compact: 2005-2010 Subaru Impreza WRX

Edmunds did a fantastic job with the list. Looking over the cars listed, it is clear that used car shoppers have so many options open to them, and by shopping smart, consumers can get a great car at a price that is hard to beat.

Are you looking for a new or used car? Approved Loan Store can help! Fill out our secure online auto loan application online here, and keep up with the latest from Approved Loan Store by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube.

Approved Loan Store: Competitive Big City Car Deals Made Easy!

For car shoppers looking for a deal on used cars, a recent study showed that the best places to look are, surprise, at dealerships near big cities.

Car Gurus conducted a market analysis comparing car dealerships located within 50 miles from a major city with those in rural areas or far removed suburbs. They discovered that the average car shopper looking at dealerships near a major city would pay $345 less for a used car, and in high population states like New York, they could save as much as $500 over rural dealerships.

Why are these New York City-area dealerships offering better deals? Well, these dealerships have more competition. Car shoppers have more options available to them, and they feel comfortable that if they can’t find a good deal at one dealership, they will try another one. This is doubly true for consumers with challenged credit or no credit. In a rural area, they might not have dealerships and lenders willing to work with them and get them the best possible auto loan terms.

The great thing about Approved Loan Store is how it makes the whole car shopping process so easy. Simply fill out our secure online auto loan application, and a representative contacts you within 24-48 hours. From there, they match you up with an associated Approved Loan Store location in your area and set an appointment with a Special Finance Representative. At the appointment, you will review all available options with your Special Finance Representative and get you into a car you want at terms you can afford. With Approved Loan Store, there’s no need to drive around to every dealership in the New York City area for the best deal on a used car. Click here to see testimonials from real Approved Loan Store customers that got into a great new or used vehicle!

Want to know more about Approved Loan Store? You can find out more by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

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Parents Magazine, Edmunds Find a Car for Every Family

The mini-van might be the classic family car, but new mom and dad drivers have more options open to them in 2012. There are vehicles on the market today that offer comfort, more space, and different styles than the typical “family car.”

Of course, not every car shopper knows what it available on the market to meet their needs, and as a result, they might miss the opportunity to find what they want and what they need all in the same car. For this reason, Parents magazine and Edmunds.com teamed up to make a list of the 15 most family-friendly cars.

Their list was based on numerous factors including safety, price, and the features offered in the vehicle. Additionally, they spoke with everyday parents who “drive these vehicles every day” and know all the advantages and disadvantages personally. Also, they broke the list down into High Mileage, Budget, Crossovers, Sedans, and Large Vehicles, 5 categories total, with 3 vehicles in each category. The least expensive car listed was the Chevrolet Sonic starting at $14,600, and the most expensive was the Dodge Durango starting at $29,990, so there is a car on the list for every budget.

Here is the complete list:

High Mileage

Toyota Prius V
Honda Civic Hybrid
Chevrolet Cruze Eco

Budget

Chevrolet Sonic
Ford Focus
Hyundai Elantra

Crossovers

Mazda 5
Kia Sorento
Honda CR-V

Sedans

Volkswagen Passat
Toyota Camry
Kia Optima

Large Vehicles

Dodge Durango
Toyota Sienna
Honda Odyssey

Are you looking for a new family car? Approved Loan Store wants to help! Good credit, bad credit, big family, Approved Loan Store will find the right car for you! Fill out our secure online auto loan application here. Also, keep up with the latest from Approved Loan Store by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube.

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New York Drivers Waste 57 Hours Annually in Traffic

Living and driving in New York City, it can sometimes feel like you’re wasting your life away in traffic. Well, as it turns out, that feeling isn’t completely crazy.

In a recent study by INRIX, New York City is the second worst city in regards to time wasted in traffic. Annually, New York City drivers waste an average of 57 hours, or nearly 2.5 days, in rush-hour traffic. They calculated the time that drivers spent in traffic during rush hour and compared it to the time taken to drive that same distance during times of the day with low traffic. The study results showed that New York City beat out every other city in the United States except for Honolulu where drivers waste an average of 58 hours in traffic.

Now, there isn’t much that New Yorkers can do about rush-hour traffic, but here are a few simple tips to make the trip more comfortable.

  1. Stay entertained: If you have an iPod plug-in, download some podcasts to pass the time. There are podcasts on every subject from entertainment news to history lessons and sports commentary. You can even learn a new language by podcast, and best of all, they are free!
  2. Keep hydrated: Nobody wants to get caught in traffic with a full bladder, but try sipping on water periodically to keep hydrated. Studies have shown that drinking a full glass of water in the morning helps to wake up the body.
  3. Stock up on healthy snacks: Skip the drive-thru breakfast. Instead, leave a box of granola bars in the car, and bring some fresh fruit every morning. Snack on it on the way to work, and you will arrive much more alert than you will with that greasy breakfast sandwich.

Are you looking for a new car? Approved Loan Store can help! Good credit, bad credit, we want to get you into a new or used car! Fill out our secure online auto loan application here, and check out testimonials by real Approved Loan Store customers here! Also, keep up with the latest auto news by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

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Robert Kirkman, Hyundai Zombie-Proof the Hyundai Elantra Coupe

Zombies have taken over pop culture, and at the forefront of this trend of zombie stories is The Walking Dead comic book series and TV show. Zombie survival books and even this zombie-proof house have been popping up, and The Walking Dead creator Robert Kirkman has gotten in on the fun by designing the must-have car for the zombie apocalypse.

The car is a tricked-out version of the Hyundai Elantra Coupe. Since Hyundai is sponsoring the car, Kirkman put in a few good words about the car’s safety, maneuverability, and spacious interior, but once he got past the obligatory plug, he showed off some of the features of his zombie-proof car.

First, he added a spiked battering ram to the front. Zombies’ strength is in numbers, and a battering ram “would deflect bodies away from you as you plow through large masses of zombies.” Second, he put blades on the wheels to keep zombies at bay as the car is moving. Thirdly, he designed the car to have metal plates welded on all the windows so that if zombies get too close, they will still have a hard time getting into the car. Finally, he added a guard rail fence around the sunroof and additional headlights mounted on top. With these features, someone could open the sunroof and take shots at zombies, and the lights will give them better visibility.

Putting aside Hyundai’s obvious self-promotion, the concept drawings of the zombie-proof car are pretty awesome. As Kirkman says, he might not know physics and car design, but he does know what you need in a zombie apocalypse. If it looks good on paper, though, it will look even better in real life. Kirkman’s zombie-proof car will actually get built by Hyundai and showcased at the San Diego Comic-Con International next month.

At Approved Loan Store, we have a car for every driver’s needs, from picking the kids up from soccer practice to escaping a zombie mob. Good or bad credit, we want to help you get in the car you need with terms you can afford. Fill out our secure online auto loan application here, and check out testimonials by real-life Approved Loan Store customers here! Also, keep up with the latest from Approved Loan Store by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!