3652 George F. Hwy Endwell, NY 13760 607-429-0095

Car payoff

So you dreamt of having a car with less then stellar credit, you did the footwork and found a place to finance your dream and now you WHAT??? That car is paid in full. You own your very own vehicle with NO MORE PAYMENTS?
Congratulations! You have successfully paid a car off, which probably raised your credit. This can open a plethora of possibilities for you! Paying any type of installment loan off should raise your credit score as long as the payments were on time and you did not default on any other payments during the duration of the loan. So what does this mean? Improved score, improved possibility of approval on other loans at a LOWER rate! So are you ready for a new car yet? Ready to buy that house you wanted and stop paying rent?
The goal of any finance company should be to allow their customers to thrive after paying their car off! Any dealer would love to help a customer get into another car with them, or possibly get a loan through a local bank or credit union. That car payoff and hearing the payoff bell being rung in office brings a smile to the faces of any staff.

So stop waiting, stop wishing and stop in to see how we can help you ring the bell!

How can I improve my credit

Payment history is one of the most important factors in credit scores. People often ask, “How can I improve my credit?” The answer is honestly quite simple, keep a low utilization rate and make on time payments. 

An auto loan is a great option when you are looking to improve your payments with an installment loan, as well as provide you with wheels. Let’s face it, everyone can benefit from owning a vehicle; why not have it help improve that score? Using a buy here pay here or having a higher interest rate currently may help you down the road when you look to purchase another vehicle or home. Paying more now to establish your credit is not always a bad thing. 

Each dealership will probably have different finance companies to help you with your purchase. Each finance company will look at your credit, but let’s face it; good, bad, or ugly you have OPTIONS! Maybe a lower monthly payment for a longer term is going to work better than going with the higher payment for a shorter term. Each option will improve your credit if you pay on time.

Some dealerships advertise helping those with no credit, less than stellar credit and those of us with downright bad credit. So, you need a new car, but you have no idea where to go because your credit score is closer to 300? There are some that do not care about your credit; in fact, they want to help you increase it! How do they do that? By making a payment plan that works for you! Paid weekly? Bi-weekly? Monthly? Some finance companies or buy-here-pay here dealerships will offer multiple payment options as well as having no prepayment penalties so you can make those extra payments to help decrease your utilization. On top of that, some report to the credit bureau to help you increase that credit score. 

It is quite simple, if you need help along your journey of increasing your score, shop around for the best option for you! 

Interest Rates, Terms and Payments

Interest Rates, Terms, and Payments oh my!! These are the biggest misunderstood things about our industry!! 

The  most important thing to understand is Interest Rates but understand it in relation to term and payments don't ever just look at one of these individually!

 Our interest rate is 19%. HOLY FU#C$^D* SH!T....that's insane right? 

 Well if I was buying a $20,000 car and the term was 6 years yup that would be insane, but that's not our jam here. We sell $8,000 cars with roughly a 2 year term....
with the first situation it would breakdown something like this:

$20,000 price + $1600 sales tax = $21,600 - $2,000 down payment= amount financed of $19,600. 72 monthly payments of $451.04 @ 19% interest = $12,874.88 in interest + $19,600 amount financed = $32,474.88 total payments

Compared to....

$8,000 price + $640 sales tax= $8,640 - $2,000 down payment= amount finance of $6640.00. 24 monthly payments of $329.49 @ 19% interest = $1,267.76 in interest + $6640 amount finance = $7907.76 total payments

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