Good Credit, Bad Credit, No Credit, Repos, Foreclosures, Late Pays. We are here to help you with your financing needs.

Please feel free to call us at 281-776-0650, or send us an e-mail at h_ibrahim@sbcglobal.net.

Typically, paying cash is the least expensive way of buying a vehicle. But, we all have times
where cash is not an option. Below are some suggestions of alternate payment.

Borrow from a dealer.
Convenience and the short amount of time for processing the loan and terms is one of the big reasons to set up financing with the actual dealer. Also, dealers are the most likely to set up credit for people with shaky credit. Although some of the smaller dealers have in house financing this can be the most stress free way for someone with less than perfect credit or credit problems.

Borrow from a bank, credit union, or finance company.
Most in this category are "haggle-free" also. They do usually have set non-negotiable interest rates though. Compared to banks and finance companies, credit unions usually have the lower interest rates as well as finance companies usually have the highest ones.

Borrow on a home-equity loan.
The great thing about borrowing on a home-equity loan is that the interest in a home-equity
loan is usually tax deductible. The downside is that your house ALONG with your car is on the
line if you for some reason default on the loan. Also note that revolving credit lines based on home-equity require you to make payments of only interest, not the principal amount.

TIPS

1. If you know already that the car you want you will have to finance, get your loan approved before going to dealers. Most people get their home loans approved before buying a house treat this the same way. That way you have added firepower on negotiating. You may not even have to use the full loan amount!
   
   
2. Dealer financing. Is it a loan or not? In the car business dealer financing is known as Retail Installment Sales Contracts (or RISC's for short, an appropriate acronym). The dealer signs the RISC's with you, then sells it to a bank or other lender. Sometimes they participate in the interest rate, so the higher the APR (annual percentage rate) they can charge you the more money they get. Dealer financing is just something else that dealers "sell" you, by going to an outside lending place you are cutting out the middleman (the dealer) and not paying any more than you have to for financing.
   
   
3. What are the benefits of On-Line financing?
   -Usually you pay lower APR to online lenders than you would at the dealer, and no scams!
   -Your APR is locked for 60 days
   -Avoid headaches, scams, and frustration of dealer financing
   -Approvals are usually within an hour during business hours
   -You don't pay hidden fees, points, or prepayment penalties
   -Online lenders FedEx your check the next day after approval
   -Less chance of the dealer calling you up later to tell you the financing fell through