California Car loan advice for bad credit car buyers
by EARNEST YOUNGE
The car market in California, whether it is in Los Angeles, San Diego, San Jose, San Francisco or any other city in that great state is hectic. California being the largest state with over 50 million people is also the largest car buying market in the U.S. In 2007 Californians purchased more than 2 million new cars with about 30 percent - 650,000 vehicles - purchased with Home Equity Line of Credit or HELOCs.
If you are like the 50 million other Americans with bad credit and are concerned about a car loan, don't be. Good people make mistakes sometimes, or bad things happen to good people, and there are countless other good folks like yourself with bad or poor credit. Car Down Loan provides easy no hassle car loans for people with bad credit in California. All that is required is for you to fill in a short form on the fly - about 3 minutes.
Through its online service your application is sent to trustworthy, reliable car dealerships and banks in your part of California that are willing to work with you regardless of your credit history to find you a car of your choice.
If you are thinking whether now is a good time to buy a car here are some positive facts to consider. The sub prime mortgage mess has dramatically slowed car sales and resale value of used cars has dropped dramatically. For example resale values of gas-guzzling trucks and SUVs are thousands of dollars lower than their Kelly Blue Book values. The only cars selling at book value right now are hybrids and a few smaller fuel efficient cars like the Honda Fit, the Toyota Yaris, the Smart ForTwo and other similar cars.
In addition, used car prices have been decreasing for over 10 years. Moreover, with interest rate at a historic low, now is the time to take advantage of low interest financing. Car manufacturers have excess inventory and car dealerships in California and across the nation are trying to get rid of stock pile of cars. So at a time when it's difficult to earn as little as half a percentage point or more on your interest savings, you might be able to earn two or three percentage points by improving your car loan rate if you seek an auto loan online.
Car salesmen are usually intimidating and usually tries to strong-arm their customers into a deal. On the other hand, filling the no-hassle-easy submit application allows you to shop for the very best loan rate from a variety of sources at no obligation to you instead of being manpowered by a car salesman. That way there is no regret nor would your suffer from buyer's remorse.
In the event that you live in California and are ready for a car, it is advisable, given the current gas prices, that you stick with a fuel efficient vehicle like the Toyota Corolla LE which gets 32 miles per gallon, Honda civic EX which gets 31, and the Hyundai Accent GS which gets 30 miles a gallon, just to name a few.
