Category: Bad Credit Auto Loans

Parkland Used Car Dealer, Titus-Will Chevrolet Announces Bad Credit Loans …

The Parkland used car dealer, ParklandChevrolet.com has announced bad credit auto loans provision for new/ used cars. Titus-Will Chevrolet collaborates with nationally recognized finance companies and offers low interest rates and monthly payments.
We specialize on suggesting bad credit auto loans expert services for new as well as pre-owned automobile loan.

KeystoneAutoLoans.com Reports That EV And Hybrid Vehicles Present New …

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KeystoneAutoLoans.com Reports That EV And Hybrid Vehicles Present New Challenges For First RespondersFirefighters and first responders are in need of better and clearer education related to accidents involving EV and hybrid vehicles. After all, these cars and trucks present unique safety concerns.(EMAILWIRE.COM, November 25, 2011 ) Asheville, NC – When rescue workers respond to a car crash involving a gasoline powered car, they know to unhook a damaged vehicle’s battery to help prevent a fire. In the case of EV or hybrid cars, just unhooking the traditional battery is not enough. The lithium-ion battery that powers the car must be disconnected as well. Fire fighters are facing an inconsistent safety policy when it comes to these vehicles.

Jason Emery is the lead electric-vehicle safety instructor for the National Fire Protection Association (NFPA). He has helped develop an online class regarding EV and hybrid car safety issues for firefighters. Over 10,000 firefighters have taken the course since April. While the course is helpful, automakers lack one consistent fire-prevention procedure for electric vehicle batteries, Emery said. GM sends in a team to drain the car’s battery following any major Chevrolet Volt accident and Nissan provides a notebook of recommendations, but would prefer standard procedures.

Those standards could come soon. Once the National Highway Traffic Safety Administration (NHTSA) finishes its review of post-crash electric vehicles, it will most likely issue a standard recommendation. The NHTSA review comes after it confirmed that a Volt extended-range electric had caught fire more than three weeks following a crash test. The Volt caught fire because NHTSA reps did not know to drain the Volt’s battery. The battery case had been punctured during the crash test and was spilling coolant, which caused a short that triggered a fire.

Despite the incident, the NHTSA reiterated this week that EVs have no greater risk of fire than any other vehicles. GM is working to have a battery drain tool available at dealerships next year, eliminating the need for the company to respond to every Volt crash. On the first responder side of things, GM has held first-responder training in major Volt launch markets and the National Fire Protection Association has trained academies in 12 states. ”Most emergency responders are going to be able to handle it,” Emery said. ”In reality, we handle whatever gets thrown at us.” The NFPA is also compiling a quick-reference guide that would keep each manufacturers’ recommendations handy for firefighters.

About KeystoneAutoLoans.com:

Keystone auto loans enables consumers across the nation to apply and receive pre-approval for new and used auto loans from lenders and dealerships within a vast national network. Even buyers who need bad credit auto loans can apply.

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Tel: 9102086761
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Modern Auto Loans will encourage you to get the best auto loan regardless of past terrible credit vehicle historical past.

Bad Credit Auto Loans are More Available, But Still Pricey

Shopping for an auto loan to pay for your new ride? Have bad credit? This time last year, I wouldve said you were out of luck. But it seems that an increasing number of lenders are offering bad-credit auto loans again. Of course, youll pay a premium for it, in the form of higher interest.

The number of people with bad credit has increased steadily since the recent recession. Millions of people have had to max out their credit cards in the wake of a job loss. Many more have been foreclosed upon by their mortgage lenders. Both of these things will put your credit through the wringer.

A low credit score can reduce your chances of getting any type of financing, and that goes for auto loans as well. Ever since the economy tanked in 2008, banks and lenders have backed away from making bad-credit auto loans. These are loans made to people with a subprime credit score, which is usually defined as being below 620 on the FICO scoring scale.

Over the last few years, subprime borrowers wouldve had a hard time getting an auto loan with bad credit. But things are starting to change.

Bad Credit Auto Loans More Accessible?

Experian Automotive compiles (and sells) data related to consumers, especially those who are in the market for a new car. Yes, this is the same Experian that maintains credit reports on consumers in the US

According to their recent analysis, consumers with bad credit scores are finding it easier to get approved for an auto loan. The percentage of non-prime borrowers who obtained financing for a new car rose from 18 to 22 percent over the last year.

Thats not a huge increase by any means. But it does show that some lenders are more willing to make bad-credit auto loans these days.

We are skilled in furnishing bad credit auto financing help for first time or even used automotive loans.

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