Auto Loan With Bad Credit: 3 Tips To Learn The Back Roads Of Auto Financing

By Robbie T. James

Auto Loan with Bad Credit: 3 Tips to Learn the Back Roads of Auto

Very few car-buying consumers can afford to pay cash for a new or used car. Much more common is to apply for auto financing. The truth is, without financing, most of us would be driving around in 15-year old clunkers which are probably missing a couple of hub caps and a gas cap.

The reality is that if you want a decent car for yourself today, you are going to need to qualify for an auto loan. However, this is a particular challenge if your credit score is less-than-perfect. Having a bad credit score (below 600) is a legitimate reason for concern for getting qualified with 99% of the lenders out there. The trick is to learn the back roads of the auto financing world in order to secure financing if you have a bad credit score.

If you are on the lookout for an auto loan with bad credit, here are 3 financing tips for landing yourself the best rate:

[youtube]http://www.youtube.com/watch?v=xl9C4QXLIUE[/youtube]

1. Don’t try to time the interest rates too closely in terms of market trends:

One mistake that people tend to make in this situation is to try to time the market in terms of interest rate trends. For example, these folks will look at recent 3-month or even weekly trends and try to call lenders on days when the rates are at their lowest.

While the logic of this strategy is sound, in practice it does not serve you very well. The fact is, you need a car today – so waiting until rates go down a tick or two could actually cost you money in terms of the “opportunity cost” of NOT having a car in the meantime. But more importantly, you stand to get the best interest rates on an auto loan when you shop around and apply to multiple auto lenders. It is this, rather than trying to time the market, that will work in your favor.

2. Put yourself in the best-possible light in the eyes of would-be lenders:

Next, you need to put yourself in the best light. In addition to your credit score, bad credit auto lenders look at other factors such as your employment history, how long you have owned or rented a home, and your credit history with regard to paying auto loans in particular. They also look at the size of the loan you are wanting to take out.

Be sure to get your ducks in a row by running your credit reports (all 3) to find out whether you have any errors that need correcting – and be sure to notify the bureaus if you do. In addition, prepare any documentation that the lender may ask for regarding your employment and residential histories; anything that can help establish creditworthiness.

3. Widen the playing field by applying to many lenders at the same time:

Auto lenders are not all the same, and no two lenders will view your application for a loan in the same way. It is a huge mistake to assume that getting a rejection or receiving a too-high interest rate offer from one lender will mean the same for the rest you might apply to. So, make a list of at least 5-7 “bad credit lenders” and take the time to apply to each and every one. You never know – it could be that the last lender you apply to is the one who offers you the very best rate – which could save you thousands.

Consider these 3 tips as your look for auto loan financing, even with bad credit.

About the Author: Get a list of bad credit auto loan car dealers near you at:

Bad Credit Auto Financing Deals

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Source:

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Australian man to be executed in Singapore

Saturday, November 19, 2005

Supporters of convicted Australian drug trafficker, Van Nguyen, gathered outside the State Library in Melbourne yesterday to display thousands of messages of opposition to his death sentence.

Callers to talkback radio in Melbourne were overwhelmingly against the death penalty of Nguyen, who immediately admitted his guilt and has cooperated with authorities since being caught smuggling heroin into Singapore. Many called for a boycott of Singaporean products.

25-year-old Nguyen was arrested at Changi Airport in 2002 for carrying heroin and sentenced to death in March. Nguyen claims he carried the 396 grams of heroin strapped to his body in an attempt to pay off his brother Khoa’s $30,000 legal debts.

The Singapore government have announced they will execute Nguyen at dawn on December 2nd. Singapore President S. R. Nathan rejected Nguyen’s clemency four weeks ago. The Melbourne salesman was sentenced to death under Singapore law which determines a mandatory death sentence for anyone found guilty of possessing 15 grams of heroin or more.

Nguyen’s mother was informed on Thursday by registered mail from the Singapore prisons service of the execution date. The letter stated that she should start making funeral arrangements. She will get to see her son in the three days leading up to the execution.

Despite repeated pleas for clemency from many thousands of supporters; religious groups; human rights organisations; the Pope; and the Australian Government – including Prime Minister, John Howard – Singapore officials have said Nguyen’s execution is irreversible.

Mr Howard had argued that Nguyen should be spared, citing mitigating circumstances in his case which pointed to the fact that he was not a serial drug trafficker but had merely been trying to pay off his brother’s debts.

The Victorian Attorney-General, Rob Hulls, says the Singaporean Government has shown no compassion whatsoever in its treatment of Van Nguyen and his family.

“What’s happening is brutal, is inappropriate. I, and the Victorian Government, vehemently oppose the death penalty in any circumstances”, he told ABC Radio. “This is a young kid who has assisted the police all the way… In any other country, he would get a discount in relation to the penalty. But because there is a mandatory death penalty for drug offences in Singapore, this young man may well be executed. It is just grossly inappropriate.”

“Singapore maintains that capital punishment is a criminal justice issue; it is the sovereign right of every country to decide whether or not to include capital punishment within its criminal justice system,” a Foreign Ministry spokesman said.

Singapore argues that there was no international consensus that capital punishment should be abolished. At the most recent meeting of the UN Commission on Human Rights, 66 countries dissociated themselves from a resolution calling for the abolition of capital punishment.

Prime Minister Lee Hsien Loong affirmed Singapore’s position by saying that it has to “stand firm on drugs to protect its citizens from the scourge and to ensure the country does not become a conduit for the trafficking of illicit drugs.”

In reply to a letter appealing for clemency from his Australian counterpart Alexander Downer, Singapore Foreign Minister George Yeo said: “Mr Nguyen imported almost 400gm of pure heroin which would have supplied more than 26,000 doses to drug addicts.”

No one will be permitted to see Nguyen on the morning of his execution. His body will be released to his mother.

Ontario Votes 2007: Interview with Family Coalition Party candidate Bob Innes, Hamilton East—Stoney Creek

Monday, October 1, 2007

Robert (Bob) Innes is running for the Family Coalition Party in the Ontario provincial election, in the Hamilton East—Stoney Creek riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Six vehicle pileup disrupts traffic on highway in British Columbia

Saturday, March 7, 2009

A six vehicle pile up occurred on the John Hart Highway (British Columbia Highway 97), north of the John Hart Bridge in Prince George, British Columbia, Canada which disrupted traffic during the morning rush hour of March 5, 2009.

No serious injuries arose as a result of the accident, however traffic was reduced to a single lane. Traffic control was conducted by a Royal Canadian Mounted Police officer who was at the scene at the time of the accident (7:45 a.m.). The RCMP cruiser was not one of the vehicles involved in the pile up. The crash was put under investigation by a traffic analyst.

The John Hart Highway connects Prince George,a city of 70,981 according to the 2006 census, with Dawson Creek over a length of approximately 250 miles (400 km). The Northwest Corridor Association saw a C$30 million twinning upgrade to the John Hart bridge which spans the Nechako River, a tributary of the Fraser River. The bridge is located 5.4 kilometres (3.4 miles) north of Prince George. In March there is a traffic volume of between 11,000 to 12,000 vehicles per day at the north end of the John Hart bridge according to the the British Columbia Ministry of Transportation Average Annual Daily Traffic AADT reports between 1994 and 2000.

Funding gap forces library closures in Jackson County, Oregon

Wednesday, February 14, 2007

Due to a US$23 million budget shortfall, all public libraries in Jackson County, Oregon are scheduled to close April 6. The U.S. Congress did not renew the Secure Rural Schools and Self-Determination Act, which replaces property tax revenues with revenue sharing from timber harvests. Jackson County used the revenue to pay for libraries and sherriff’s patrols. Voters rejected a property tax increase last November. A similar increase will appear on the May ballot; such increases must pass a double-majority vote: a majority of county voters must turn out for the election, and a majority of those must support the increase.

Supporters hope the measure will pass this time. “Many people didn’t believe we were going to close libraries.” said County Commissioner C.W. Smith. The Ashland City Council has said it would find a funding solution to keep their branch of the library open; other cities have not made similar statements. Some alternative funding solutions, such as charging subscription fees, have been considered. However, charging fees for access to libraries is illegal in Oregon.

Jackson County is located in Southern Oregon, and has a population of 181,000. The Jackson County Library System consists of 15 branches.

Grand Theft Auto under fire

Sunday, July 17, 2005

The Grand Theft Auto (G.T.A.) game series, based on the underworld, pushes social limits on violence and sexual content in the video gaming industry. The newer Grand Theft Auto 3 release sparked controversy when it came to light the plot was based on an unnamed character’s mission to destroy and slaughter his way to the top of the local crime scene. Since that release, further games were developed: Grand Theft Auto: Vice City, and Grand Theft Auto: San Andreas.

Thursday, according to a report filed by Gamespot, congresswoman Hillary Clinton called on the Federal Trade Commission (FTC) to “take immediate action to determine the source of graphic pornographic and violent content appearing on the Grand Theft Auto: San Andreas video game.” Clinton also wanted the FTC to determine if an “AO” rating would be more suitable for the game than current “M” rating.

Clinton said she would work quickly to create a bill for a federal law that would “put some teeth into video game ratings.” The federal legislation by Clinton would follow similar state initiatives. California assemblymen Leland Yee introduced a bill in his state, as did Illinois Governor Rod Blagojevich. The purpose of the state and federal bills would be to “prohibit the sale of violent and sexually explicit video games to minors.” The passage and enactment of the proposed bill by Clinton would make it a federal offence to sell video game content to persons under the age of the games’s rating.

Like many Grand Theft Auto gamers, the Entertainment Software Rating Board(ESRB) is cautious over Clinton legislative proposal. Patricia Vance, the president of ESRB, issued this statement: “We urge all parties not to rush to judgment until all of the relevant facts, some of which are highly technical and complicated, have been established. Any second guessing at this point would be premature and inappropriate as this investigation continues.” Vance said amongst the ESRB’s top interests were to protect children, to educate parents, and make sure parents make good decisions on what video games their children be allowed to play.

Jack Thompson, the subject of beefs with Grand Theft Auto in the past, is a Republican attorney from Miami. Thompson sent out an email to major gaming outlets (Gamespot for example). The letter at first stated “I, as a lifelong Republican, am going to thank Senator Hillary Rodham Clinton,” and offered admiration for Clinton’s campaign against violence and sexual content in video games. The email then went on to criticize Doug Lowenstein, who helps manage ESRB and is the president of the Entertainment Software Association. Thompson wrote, “Doug Lowenstein could have prevented what is going to happen today, but he preferred to shoot the messengers.” Thompson also mentioned the Columbine High School massacre, and claimed it was the fault of the developers of games (specifically id Software, the maker of Doom). He claims the U.S. Constitution first amendment right to freedom of speech in no way protects the gaming industry from censorship.

Lowenstein issued the following statement regarding the current video game/Hot Coffee issue: “Retailers should not sell Mature games to minors, parents should watch what their kids watch, and parents should and can rely on the ESRB ratings to make the right choices for their families. We hope that… Senator Clinton will abandon the bill and work cooperatively with industry and others to ensure that parents take advantage of the effective tools on the market to regulate the games their kids play.”

Although some of the statements mentioned are related to video games in general and not so much GTA, a majority of all of this recently publicity did indeed start with the Hot Coffee mod for Grand Theft Auto. ESRB has never been pressured any harder in the past than they are now, and Rockstar still denies that they put the sex scenes in the game; although it has been recently demonstrated that Action Max-Replay (a cheat/feature-unlocking system for the Sony PlayStation 2) allows the user to play the “mini sex games” – the exact same thing the Hot Coffee mod unlocks for the PC version of GTA San Andreas.

Canada’s Don Valley East (Ward 33) city council candidates speak

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Saturday, November 4, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley East (Ward 33). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Zane Caplan, Shelley Carroll (incumbent), Jim Conlon, Sarah Tsang-Fahey, and Anderson Tung.

For more information on the election, read Toronto municipal election, 2006.

Blown for Good author discusses life inside international headquarters of Scientology

Friday, November 13, 2009

Wikinews interviewed author Marc Headley about his new book Blown for Good, and asked him about life inside the international headquarters of Scientology known as “Gold Base“, located in Gilman Hot Springs near Hemet, California. Headley joined the organization at age seven when his mother became a member, and worked at Scientology’s international management headquarters for several years before leaving in 2005.

Chemical plant fire decimates Danvers, Massachusetts neighboorhood

Wednesday, November 22, 2006

According to outgoing Massachusetts governor Mitt Romney, an explosion that was “equivalent to a 2,000 lb. bomb” and registered 0.5 on the Richter scale decimated an area of Danvers and is also a “Thanksgiving miracle.”

The explosion occurred around 2:45 am EST, this morning in the Danversport area of Danvers, Massachusetts at the plant for solvent and ink manufacturer, CAI Inc. The explosion, which was caught on security camera and was heard up to over 25-50 miles away in southern Maine and New Hampshire.

The explosion damaged over 90 homes, blowing out windows and knocking some houses off their foundations. Officials believe that some of the more extensively damaged houses will have to be leveled and rebuilt. Some of the buildings damaged included a bakery, boats at a close by marina and the New England Home for the Deaf, an assisted-living facility for people who are deaf or deafblind and elderly residents requiring constant care. “These people are extremely fragile,” said state Rep. Ted Speliotis, D-Danvers, whose district includes the affected area. “Many of them have Alzheimer’s and other illnesses. It’s clear they can’t stay here long, but it’s clear they won’t be able to return for quite a while.”

Danvers Fire Chief James P. Tutko toured the area by helicopter and said many residents would be kept from their homes for the foreseeable future. “It looks like a war zone, that’s the only thing I can say,” Tutko said. When asked about the loss of no life at all, he responded “Somebody out there likes us.” Finally, he said that finding out the cause of the explosion would take days.

Outgoing governor Mitt Romney toured the area and said the explosion was a “Thanksgiving miracle” as the explosion was “equivalent to a 2,000 lb bomb going off in a residential neighborhood,” and that no one was killed and only about 10 people suffered only minor injuries in area that included over 300 residents. Residents of the area have been evacuated to the Danvers High School where temporary shelter has been set up by the American Red Cross of Massachusetts Bay. Donations are being taken for residents affected by the explosion. Residents are also being told to start filing insurance claims right away and to keep track of their expenses for items bought.

There were minor environmental concerns due to water runoff of chemicals. According the Environmental Protection Agency‘s on-scene coordinator Mike Nalipinski, preliminary tests showed low levels of toluene, a solvent, but said it was nothing of significance. Water runoff from the water used by firefighters left a purple sheen on the river and tests were being conducted. However, the water is not a local drinking water supply and the chemical evaporates quickly. Chief Tutko said there was no risk of toxic fumes getting into the air.

An Eastern Propane facility was also located near the area, however, it was not the source of the explosion. A spokesman for the company said that although the property suffered some minor damage, their tanks are secure.

According to WHDH television, a person who answered the telephone at CAI’s Georgetown, Massachusetts headquarters refused comment, and a telephone message left at the company president’s home was not immediately returned.

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