If you are looking for an auto bad car credit loan new, the first step is to obtain a copy of your credit report. We have found that one of the most convenient ways to do this is to go to http://freecreditreports360.com where you can order a credit report from each of the three bureaus as well as all three FICO scores.
Once you have done this, the next step is to apply for an auto bad car credit loan new at one of the legitimate web sites that offer this service. To ensure you are working with a company that has your best interests in mind, be sure to look for the Better Business Bureau seal on the site. This means the company responds to any issues you might have in a timely manner as well as adheres to the principles of the Better Business Bureau.
You should also make sure the credit application you are filling out is SSL-encrypted. This means that your personal information is sent securely over the internet and cannot be read by outside parties.
Once you have been contacted by a dealer, the next step is to understand how to read a car window sticker. This is the information that, by law, must be posted on every new car in a dealer’s lot. Here is what you should see:
- Standard equipment. These are the standard features included in the vehicle’s Manufacturer’s Suggested Retail Price (MSRP).
- Vehicle identification number (VIN). Make sure that this is the same number that appears on the vehicle’s VIN plate that appears in the lower left corner of the windshield and that it’s accurate in all the paperwork related to the vehicle.
- Manufacturer suggested retail price. The MSRP (also known as the “retail” or “list” price) is the base price, before options and delivery charges are added in.
- Optional equipment. These are extra-cost features over and above the standard features the vehicle has that get added onto the MSRP. Option packages (that is, packages that contain two or more options) can often be more cost effective than choosing individual options.
- Destination charge. This dollar amount covers the delivery of the vehicle from the factory to the dealership. This should be the same for all models within the same brand (you can verify this by looking at the window stickers of similar models). It doesn’t depend on actual shipping distance, so it is the same for all dealers anywhere in the United States (with the possible exception of Hawaii and Alaska).
- Fuel economy. City and highway figures are based on the Environmental Protection Agency (EPA) fuel economy estimates. These figures now reflect reporting methods that were modified for the 2008 model year and more closely reflect actual “real world” fuel economy numbers.
- Total Cost. The “sticker price” is the total MSRP price, including the base MSRP, options, option-package discounts and destination charges. This does not include applicable state fees that may include state taxes, state title fees, or state registration fees.
- Emissions information. This number reflects how the vehicle is ranks in smog emissions as compared with other vehicles of the same model year.
- Parts content information. This area will tell you the countries of origin from which major components (such as engines and transmissions) were sourced. The final assembly plant location is also listed.
- Government safety ratings. New for the 2008 model year are the National Highway Traffic Safety Administration’s (NHTSA) vehicle star ratings on front and side impact crashes and risk of rollover for this particular model.
Tags: Car Credit