Posted Monday, April 24, 2023
Yourcredit scoreplays a huge part in allowing the financial ability to live a comfortable life from purchasing a slew of consumer products to the place you call home sweet home. But what if your credit is barely mediocre, unfavorable, or poor?Yonkers Automallexplains how financing a pre-owned car can help to improve a bad credit score.It is vital to have a core understanding of how taking out an automobile loan can affect your credit rating. When you agree to the terms of the loan, you are giving your written word that you will do your part in paying back the loan in a satisfactory fashion that adheres to the guidelines. As long as you keep up with your end of the deal, submitting the full amounts of monthly payments on time will be favorable to your overall credit score. However, if you miss payments or pay them after their due dates, your credit rating will take a turn in the wrong direction. The bottom line is this: If you accept a car loan, you must be vigilant about responsibly fulfilling the entire loan. Although paying off your loan before the final amount is due may sound appealing, if you keep making the predetermined set payments during the whole term of the loan, your credit will be boosted even more than if you met your balance goal beforehand.
Read morePosted Thursday, April 13, 2023
It's time tobuy your next automobileand you'll need to be well-prepared for a smooth purchasing experience. Yonkers Automall provides invaluable information regarding the essential paperwork you must provide to be grantedcredit approval.
Read morePosted Friday, March 17, 2023
Owning a reliable method of transportation is a major necessity for the modern consumer. And, with the fallout from a worldwide microchip shortage affecting production quotas, many have taken to purchasing used vehicles to obtain better safety features and outstanding quality. And whileused vehiclesare known to sell at a cheaper price than new ones, sometimes securing the proper financing is necessary to make a purchase. There are a lot of questions regarding the world ofauto financing, among them is what it means to pre-qualify for an auto loan. Today, we'll try to make things more understandable.
Read morePosted Tuesday, March 7, 2023
Not everyone has a perfect or even average credit score. If your credit is less than desirable like many other drivers, you may still be able tosecure an auto loan. Yonkers Automall has helpful information for increasing your chances of being approved for an auto loan when you have bad credit.
Read morePosted Friday, February 24, 2023
You're more than ready totrade inyour vehicle for your next pre-owned ride. However, you may be wondering if this is a good time to do so.Yonkers Automalloffers helpful information regarding the best time for trading a car.Generally speaking, drivers are under the belief that automobiles should be traded in towards their next rides every two to three years. Upon making this important decision, you need to ask yourself if trading in your current vehicle is worth doing so. There are a few points to take into consideration to determine if it's a wise move. It is key to figure out the price a dealership will give you as credit toward the automobile you wish to purchase. Will the awarded amount be enough to ensure an affordable loan that consists of reasonable monthly payments?
Read morePosted Tuesday, February 14, 2023
Atrade-invalue of a vehicle is the amount of money a dealership is willing to pay you for your car. The money isn't handed over to you in cash, rather, it gets credited toward the automobile you decide to purchase.Yonkers Automallprovides information below regarding why you should know your vehicle's trade-in value.It is crucial to have a ballpark figure of what your car is worth before going to a dealership. This way, you'll have more negotiating strength for getting the closest amount that you hope to reap. The more you are offered, the less your loan amount will be, which translates to lower premiums each month. You may even be able to get a pre-owned automobile in a higher trim with more features by using your trade-in's monetary credit. When you are speaking with a representative at the dealership, it is a good idea to wait and discuss the subject of trade-in value after you find out the exact amount of money the vehicle you wish to purchase costs.
Read morePosted Monday, January 30, 2023
You have enjoyed the time spent with your car traveling across the miles and reaching certain milestones in life together. However, since all good things must come to an end, you are now ready to part ways and move on to a different mode of transportation.Yonkers Automalloffers useful tips about how to prepare forselling your vehicle.
Read morePosted Friday, January 13, 2023
Buying apre-owned cardoes not have to place you in a position of financial hardship. Most people don't have the means to pay for a vehicle outright, therefore, financing a used automobile is a very practical alternative.Yonkers Automallsuggests financing a pre-loved car for the new year.Before visiting a dealership, it is a good idea to research the types of pre-owned vehicles that appeal to you and fall within your price range. By having a realistic price range from the start, you can save yourself the disappointment of perhaps not getting approved for financing or being shown a payment plan that will be almost impossible to meet each month. If you are flexible in terms of which car you ultimately purchase, you'll have many more options than if you are firmly set on only one or two models. When you arrive prepared at the dealership, the sales representative can immediately show you the cars that best suit your preferences, desires, and budget.
Read morePosted Thursday, December 29, 2022
When it comes time to buy a new-to-you vehicle, you have two options: buying new orbuying used. Buying new is expensive and many of us can't afford it. Even though buying used is the better option for many, it can be seen as the less favorable option. Keep reading to learn about the myths about buying used cars and why they aren't true.The first myth about buying used cars is that used cars have poor resale value. Not only is this untrue, but the opposite is actually more true. Used cars have a better resale value than new cars. This is because the value of a brand-new car drops as soon as it is driven off the lot. On the other hand, pre-owned cars don't lose value when a new driver purchases them. When you decide to sell your car one day, you will get closer to what you paid for it when you buy a used one rather than when you buy a new one.
Read morePosted Thursday, December 29, 2022
There are a few different ways to sell a car, which include selling to a dealer, accepting a trade offer, or selling to another individual. Those first two options are our specialty atYonkers Auto Mall. Check out these significant advantages of selling your vehicle to a reputable used car dealer in New York.
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