San Diego Auto Loans with No Down Payment – The Best Way of Fulfilling your Car Dream

“Down Payment is Compulsory”- Doesn’t Make Sense at all

When one decides to buy a car with an auto loan in San Diego, it’s very clear that he doesn’t have ready cash. So, it is nearly impossible that he can make a down payment. Asking the buyer for down payment defeats the very purpose of car financing programs. So, don’t worry if you have no money for making an initial upfront payment. This article will help you secure no down payment auto loans in San Diego at attractive rates.

0 Down Payment Auto Financing – Plain Business Sense

Don’t think that lenders and dealers in San Diego are doing any favor by giving up on money down. They know that there are many car buyers who have tough time in making a down payment and it’s just impossible to ignore such a large market segment.

So, don’t accept any car loan quote that’s just not right for you. Remember that there are many options in America’s Finest City and you will surely get the FINEST loan quotes.

You can make use of the internet and search for “auto loans with zero money down in San Diego, CA”. You will get a list of reliable car financing companies that offer car loans without down payment in the city.

Tips for Guaranteed San Diego Auto Loans without Down Payment

To avail no down auto loans in the Californian city of San Diego, here are few important tips that will ensure attractive rates and guaranteed approval

Improve your Credit History

No matter if you have bad credit, poor credit or no credit; it is essential that you take some steps to ameliorate it. This will put you in a better position because the lender will understand that you are working towards increasing your credit score. Also, he will have trust in your financial capacity.

Lower Your Debts

When you don’t make a down payment for buying a car in San Diego, the lender’s risk is increased. That’s why; he won’t offer auto loans to someone who has high debt-to-income ratio. So, if it’s possible for you, make sure that you pay off older debts and reduce DTI ratio.

Choose an Affordable Car

Make sure you prepare a budget before applying for no down payment auto loans in San Diego. If you choose a car that’s within your budget, you will have no trouble in making regular payments. Also, an affordable car means the total auto loan amount will be less. And, when a low amount is involved; lender/auto financing company will have no trouble in approving it.

Trade-ins can be Rewarding

If you can use your older car for trade-in, it will lower the loan amount of your new car. This is like you are making a down payment in kind. If you can manage a trade-in, the lender will have no problem in approving your San Diego auto loan application form.

A Co-Signer proves to be Useful

When someone has a co-signer, his lender is confident of regular payments. So, look for someone with a good credit score to co-sign your car loan contract in San Diego.

All these tips and suggestions may not be possible for you. But, make sure that you follow most of them because they will ensure guaranteed San Diego, California auto financing without down payment.

Rapid Car Loans is perfect for San Diegans who don’t want to make a down payment. Avail no down payment San Diego auto loans at attractive rates by applying on the 100% secure website. Apply now and get FREE car loan quotes today.

All the Best!

How Easy Is to Get a Car Loan in California with Bad Credit?

Are you from California and worried about how to finance your car? And your poor credit score is adding to your worry? Residents of California who have poor credit can actually take a break from their worries because bad credit car loans are now easy to get. They are just a click away and can be accessed from the comforts of your home or office with no application charge to pay.

You may come across many dealers who are willing to give you the car even before your poor credit auto loan gets approved. However make sure that you do not fall prey to them. In such a case, you are likely to be called back and will have to renegotiate the rates of the poor credit car loans. Instead, wait until your vehicle loan has been approved and you have signed the written agreement after studying the terms and conditions offered for the loan. This is to ensure that there are no blunders from the part of the dealer and you know exactly what you are getting into in terms of payment, and interest rates. There certainly should not be any hidden costs involved because a car loan is a means of relaxation in your life and not unnecessary tensions.

Getting a bad credit car loan is not a very difficult task in reality. There are many dealers who will find you the right car or SUV within your budget even with bad credit. In California, there are options of securing horrible credit auto loan with the help of collateral. In such cases, the Californians prefer a secured debt for the loan because they have lower rates of interest than the interest rates on conventional loans.

Ensure that you have done a thorough checking on the lender’s credibility. In California, the law covers the risk which the consumers may face when opting for car loans of this type. Federal Truth in Lending Act requires disclosures like APR and long terms to be made. When you are investigating the dealer and the lender, make sure that you know the disclosures that are essential to be made by such lenders.

In case you are looking for bad credit auto loan, you can try reputed ones among the various auto loan dealers. They provide straight and simple solutions to owning autos for Californian residents even when you have poor credit. Getting in touch with a dealer will definitely make your experience a lot more enjoyable and hassle-free.

The Californian auto loan services offer their services at no charge and include most of the paper work like application review, processing, suggesting the most suitable scheme to finance your purchase and finding you a reasonable and dedicated dealer with proper customer services. They are best to work with due to their wide network of lenders and financers. Since there are no limitations in California on the rates of interest, so go ahead and compare the rates to get the best deals.

We, at Rapid Car Loans offer you hassle free bad credit car loans California. We have a nationwide network of lenders who will provide you auto loans at the most affordable rates. All you need to do is fill in the simple application form.

Teenagers Auto Loans - Tips for Young Car Buyers in California

Everyone wants to have their own set of Hot Wheels. Cars have been a fascination for long. Even as children, we were mesmerized by the beauty of cars. It is absolutely true that cars are the ultimate American passion.

When you live in a state known for its car culture, you simply end up loving cars. And so is the case with Californians. Who wouldn't want to drive on the famous Golden Gate Bridge?

Now, for all you Californian teenagers who want to feel the rush of driving a car. There will be several questions in your mind. It is better to solve them before you buy your first car because doubts hold back satisfaction.

Am I Legally Allowed To Drive A Car? What Are the Requirements For Getting A Driver's License?

You can drive once you are 15 ½ years old. You will have to apply for the California Instruction Permit. This license is a "provisional" driving license and you will have to follow few additional rules until you get a driver's license.

>> It is vital that you follow all traffic rules and drive without any collision.

>> It is obligatory that you drive in the presence of a parent/guardian/spouse/adult above 25 years of age with a valid driver's license.

If you follow the regulations, you fulfill the basic requirement of taking a driving test in California.

To take your driving test you must:

>> Be at least 16 years old and must have held your permit for minimum of 6 months.

>> Have concluded driver education and 6 hours of professional driver training.

>> Have accomplished a certified 50 hours of practice with an adult who is 25 years of age or older with a valid California driver license. It is mandatory that minimum 10 of the 50 hours must have been done at night.

>> Have minimum insurance coverage.

If you fail the test, your re-test can be scheduled only after two weeks. A Re-Test Fee will be taken from you for the second and third attempts. If you don't pass the test in three attempts, then you will have to apply again.

How Should I Choose A Car?

Well, the California Lemon Law will help you with all new and used cars (if covered under the manufacturer's original warranty). So, go ahead and explore your car options. Only with a thorough research, you will be able to buy a perfect first car.

The need of a car

I understand that all of us are passionate about cars and owning the best set of wheels gives us huge satisfaction. But it is necessary that you let the left brain dominate you for some time. Think why you exactly need a car.

If you need to cover long distances every day, then it important that you go for a car which gives you good mileage.

If you live in the hilly area of Sierra Nevada, you can go for a SUV or any other car with a sturdy built. It will help you cover the hilly tracks. You can go for a stylish convertible if you live near San Diego's Ocean Beach.

If you won't be driving passengers in your car, then a two-seater would also be adequate. So, it all depends on you.

Affordability

Buying a car is not like buying movie tickets. Believe in saving for the rainy day and don't spend every penny on just the price of the car. You will also have to spend on the title, registration and also on insurance. Also, consider future maintenance cost and so make a wise decision.

A new or used car?

Latest designs, better mileage and advanced technology make us crave for the latest models. There are several new models that cost less with multiple promotional incentives and rebates.

But, remember that cars lose their value faster. So if you are going to spend so much on a new car, you wouldn't want its value to depreciate quickly and put you at disadvantage.

As a teenager, cost is always an important factor and so you can also go for pre-owned cars. They will obviously be priced lower than brand new cars. Request a Vehicle History Report and make sure that the vehicle isn't salvaged or a Lemon.

The trouble with an old car is to identify its exact value. You clearly don't want to pay more than the car's worth. The Kelly Blue Book value of the car will help you here.

It is important that you take someone along with you. A TRUSTED mechanic is the best person in this case. Take a test drive and ask as many questions as you want to.

What Paperwork Is Involved While Buying A Car?

Your work doesn't end by choosing the perfect vehicle; you still have to go through paperwork. It is less taxing if you let the dealer do it. But this doesn't mean you can skip it. Before signing the dotted line, you must understand everything.

The most important is the Bill of Sale. It is document which acknowledges the sale. It will include the entire contract information, the vehicle identification number (VIN), license plate number, car's year, model, the selling price and other details.

The state also requires Californian cars to have a Smog certificate. Only few are considered an exception. You will have to pay a fee of $8 for getting it from the DMV.

It is the duty of the seller to report the change of ownership to the California DMV within 5 days of the date of sale. Only after that, the DMV will revise the records from the NOTICE OF TRANSFER AND LIABILITY. On the other hand, you are also responsible to inform the DMV within 10 days of the transaction.

Can I Get An Auto Loan?

Buying a car is expensive and so financing a car is inevitable. When you are a teenager, getting a car loan becomes a bit complicated. So, here are few tips to help you get loan.

Steady Income

As you don't have any credit history, trusting you would be a bit difficult for the lenders. So, it is important that you assure the lenders of regular payments. This can be done with a steady job and income.

Large Down Payment

If you can afford to put down 10-20% of the car price, it will be easier to avail car loans. A higher down payment amount can prevent you against the possibility of a negative equity. So, even if the value of your car goes down, you will own a lesser amount and chances of an upside-down loan will be lesser.

Find a Co-signer for Your Auto Loan

Although you must be at least 18 years old to sign contracts in California, a minor still has certain rights. You can sign contracts for certain goods and services which are necessary for survival. In some situations, an automobile is also considered a necessity. So, you can sign the contract in such circumstances.

Also if a contract is signed by two parties and one of them happens to be a minor, the contract is voidable at the option of a minor. So, to avoid any unnecessary risk the lender will require a co-signer with a good credit history.

Under the California Law, a co-signer is someone who undertakes the responsibility of the car loan, but doesn't take possession of it. And hence, the co-signer need not be a co-owner of your car. The ownership of your car depends on the names added to the Title of the car.

If you pay off your loan on time, then your co-signer will have no other responsibility or rights.

Knowledge is power!

Buying a car is easy when you know the exact process. You will have the power to negotiate only when you know it well.

All the best for buying your FIRST car!

We, at RapidCarLoans.net specialize in auto loans in California for new and used cars. We want to help you get an auto loan as rapidly as possible. So fill in the details in the online car loan application form and avail loans instantly.

Know All About Buying a Used Car in California

Just an invention yesterday, an absolute inevitability today! Since the simple steam engine automobiles in 1769 to the present day mean machines. Cars have been a thing of awe in past and a total necessity now.

California is the third largest U.S. state. A beautiful Mediterranean climate makes it optimal for road trips. A wide network of freeways, expressways and highways is another reason why Californians truly need a car.

As buying a new car is very expensive, going for a used one is a good option. But most of us are apprehensive of buying a car. We all have been deceived by car dealers for long.

You don't have to worry anymore as the California Car Buyer's Bill of Rights will help you. The bill which came into practice on July 1, 2006 has had a great impact on the purchase of new and used vehicles.

The Law provides you with the following privileges:

Two-Day Return Option On Used Cars

You have the option of returning the car in two days or as per the duration decided by the seller. So, now you don't have the "three-day cooling off period" which was previously offered by the dealers for canceling a contract.

The only condition for availing this right is that the value of the car should be $40,000 or less than that.

If you want to avail the Return Option, the dealer will ask for a Restocking Fee. When you return the car, the dealer will deduct the Return Option Charge and pay back the balance. The Return Option Charge and Restocking Fee are based on the price of the car. Some dealers may also offer you the Return Option for free.

But keep in mind that there are few rules for returning the car. They are as follows:

1) The car should be in the same condition as you purchased it from the dealer. Normal wear and tear is allowed but nothing more than that.

2) You shouldn't drive the vehicle for more than 250 miles. You can only exceed the limit with the permission of the dealer.

3) You must return the car and the original documents vis-à-vis before the due date although you can keep contract copies with you.

If you have bought the used car in a trade-in and the dealer sold your car, you will get the fair market value or the price listed in the agreement, whichever is greater. Keep in mind that you won't get the car back.

Buyer Disclosures

Under the new Law, dealers must provide you the following in writing:

>> The actual price of the car exclusive of extra options and add-ons.

>> The price for add-ons like anti-theft devices, safety devices, service contracts, extended dealer warranty, etc. should be given separately.

>> A copy of your credit history if you are getting a car loan from the dealer himself. The dealer will have to mention the credit reporting agency also.

There are several other laws which help you while buying a used car. One of them is the California State "Lemon Law". It gives you the right to refund or replace your new or used car if it has some serious fault.

We have the Bill of Rights, but what about the Responsibilities?

Everyone is responsible for their own fate. The State of California assures that you will be safe while buying a car. But you also need to be alert.

It is essential that you meticulously check the car. A used car may have major problems so it is crucial that you ask your mechanic to inspect it.

Verify that the car meets the California standards and is currently registered in the State.

When you buy a car, make sure that the seller provides you with a Smog Certificate.

Do not sign any documents until you have understood them. You can also get a copy of the contract in the same language in which you communicated with the dealer. This will make certain that you understand every term accurately.

You also have the task of finding affordable financing for a car. You can avail it from a dealer or a financial institution. You also have the choice of internet. When you go for an online search, make sure that you compare car loan rates and go for the best available option.

Alert today, happy driving tomorrow!

Rapid Car Loans provides car loans in California at reasonable rates. We specialize in providing loans for used cars. Visit www.rapidcarloans.net to know more about the wide range of loans that we offer.