Seattle, WA (PRWEB) October 11, 2013
Buying a car is a big deal. The high cost of such an investment makes choosing a car a lengthy and difficult process. But not only does the vehicle itself cost a pretty penny, the cost of interest that comes with a loan also plays a significant role in the total price. This is especially true for consumers who have never purchased a car before. Some of these people simply have credit score whatsoever, but still need access to a good deal so they can support their transportation needs.
Complete Auto Loans is a company dedicated to supplying consumers like this with exactly the loan they need to minimize costs. Their staff does this not only by connecting customers with a good loan, but also with a recent guide on buying a car for the first time. The complete guide can be viewed at http://www.completeautoloans.com/first-time-car-buyers. The information available here and the principles presented are helping first time buyers understand the borrowing process so they can know how to secure a loan at a good rate and get the car they need.
The article begins with a summary of why having no credit history is frowned on by lenders. “Typically, first time buyers have bad credit,” it explains. “This can come as a surprise for some - people often don’t understand that a lack of credit history means a greater risk to the lender, which leads to higher interest rates.” While this may seem unfair to new buyers, lenders simply have no idea whether or not someone with no credit history can be trusted to make monthly payments. So even though first time buyers often have the ability to easily make their payments on time with no hiccups, lenders see the lack of good credit score as a problem. Of course, once a buyer has taken out a loan for the first time and shown good credit habits, credit score will improve and this problem will not need to arise again. This information and more is available for free in Complete Auto Loans’ recent guide for first time car buyers.
About Complete Auto Loans:
CAL provides bad credit auto loans online. Their unique finance platform can accept 100% of applicants, regardless of poor credit or even bankruptcy. By visiting their website, consumers are able to find the ideal loan for their personal financial situation, all through a quick and easy online process.
To apply for an auto loan, fill out their simple form at http://www.completeautoloans.com/apply-now2/.