Tag Archives: Special Finance Representative

Bad Credit Auto Loan: Why Shopping Around Dealerships Can Hurt Your Credit Score

When making a major purchase like a new car, most people shop around and find the best possible deal before making a decision. They don’t want to look back on their car purchase and think that they could have found the same car elsewhere for less.

Unfortunately, not all car shoppers know that running their credit again and again at different dealerships will hurt their credit score and make them look riskier to lenders. Hard inquiries will dock a credit score by several points and will stay on the credit report up to 2 years. The reasoning is that this consumer has applied for an auto loan at all these dealerships but did not get a loan whether by choice or rejection by lenders. This is why we recommend that serious car buyers should not apply for a credit card or any other kind of loan or credit before going in to buy a car.

What makes Approved Loan Store’s auto buying program different? Our three-step process gives our customers an advantage over other car shoppers because our customers don’t have to shop for a dealership. First, they fill out our secure online auto loan application. Second, they receive a call from an Approved Loan Store representative who reviews the loan application and schedules them for an appointment with an Approved Loan Store dealership nearest to them. Finally, they meet with their Approved Loan Store Special Finance Representative, and their Special Finance Representative helps them find the car they want at rates they can afford.

Are you ready to stop searching? Let Approved Loan Store help you get into a car today! Fill out our secure online auto loan application here, and be sure to like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

Image courtesy of vichie81 / FreeDigitalPhotos.net

Car Repairs: Save Money and Don’t Do-It-Yourself!

Thanks to do-it-yourself TV shows and YouTube channels, everyone thinks they can become an expert in hair styling, cooking, or car repairs in no time at all. Unsurprisingly, that isn’t really true. Anyone can learn to change a tire or charge the oil, but for most car repairs, you need a certain level of training.

This week, The Car Connection compiled a list of repairs that should really be left to the experts, and after reviewing the list, we at Approved Loan Store have to agree. If you ever run into these problems with your car, don’t take a risk and try to save money by doing it yourself. Talk to friends or read reviews online, and find a trusted mechanic.

Timing-belt replacement – In one case, a DIY customer turned what would have been a $600 repair job for a mechanic into a $3,500 job for a mechanic.

Transmission maintenance or repair – Automatic transmissions are tricky for anyone, and it is too easy to mess up one of the intricate parts and ultimately destroy the transmission.

Overheating – An overheated engine needs a trained mechanic. End of story.

Drivability problems and error codes – When fixing an error code, DIYers sometimes make the mistake of replacing an entire part when there might not even be a problem with that part. Take it to the professionals and let them run tests on the check light.

Replacing suspension components – Labor costs on suspension repairs isn’t bad, and the chance of error is very high. Also, suspension repairs sometimes require specialty equipment that most DIYers won’t have. In the end, it makes much more sense to let a mechanic do it.

Are you looking for a new or used vehicle but your credit is holding you back? Approved Loan Store wants to help! Fill out our secure online auto loan application here, and we will set up an appointment with a Special Finance Representative. 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.

Image(s): FreeDigitalPhotos.net