Car Break Ins During The Holiday Season

Christmas and New Year is a busy time of year. Busy malls, lots of traffic, snowy weather conditions, just a lot of hustle and bustle of people trying to make the holiday come together but it’s also the time of year where car break ins are more common.

Everyone should enjoy the holidays and not experience the violation and frustration of having your car burglarized or stolen. You should become more aware during this time and simply remember the following tips:

Don’t forget to lock your doors. Burglars scout malls looking for easy targets and the opportunity to steal cars and some burglars are so experienced that they can steal your car within a minute.

Don’t leave items in plain site. Leaving your newly purchased items visible only helps the burglar be more efficient in their crime. Don’t forget not to leave any items visible even if you think that it’s not a worthy item because what may seem unworthy to you may be worth something to someone else. Place all your belongings in your trunk.

Try and park in a well lit area where there is more traffic. Of course this proves to be more difficult during the holiday season as the parking lots are completely full and with shoppers and their busy minds, no one is really paying attention to other people’s vehicles but it’s always a safer bet to try.

Close your car windows. This may be less common as the weather is not great for keeping your windows down but it also makes it easier to forget should you roll down your window. You may have needed some air or had a cigarette and wanted to air out the car, just become aware and remember to fully close all windows. Even the smallest crack in your window will give the burglar an advantage over the car next to yours that has their windows rolled up.

These simple steps will help deter the burglar from breaking into your car. Prudent Value Cars wishes you and all your loved ones a Happy Holiday Season!

How To Increase Your Chance Of Getting Approved For Bad Credit Car Loan

Getting a car loan can be challenging especially if you have a bad credit history, but it shouldn't stop you from getting a car loan. Bad credit car loans are obtainable, they are just harder to get than a good credit car loan. Here are ways to increase your chance of getting approved for your car loan:

1) Work on your credit score – Your credit score is the most important factor to determine the amount of interest you will pay. Request your credit report and look for any discrepancies, information that should be updated such as addresses and request for it to be updated this way you have an accurate report when dealing with getting a bad credit car loan. Also, bringing your credit report along with you when getting a car loan will show the lender that you’re well informed and on top of your finances. If possible make the effort to eliminate your smallest, most recent debt and this will show the lender that you’re serious about getting rid of your debt and improving your credit.

2) Save for a down payment – Showing your lender that you have money for a down payment demonstrates that you have good saving habits and the less of a risk you are for them. Also, the bigger your down payment, the less your monthly payments are going to be. When you’re able to manage your monthly payment, the greater your chances of increasing your credit score and improving your financial situation. If you’re choosing payments that you’re not able to maintain and doesn’t fit your budget, you’re setting yourself up for more financial hardship. For a higher chance of getting approved for your bad credit car loan, it’s also wise to purchase your vehicle from a dealership that offers financing to bad credit loans and better yet, choose one that will report your payments to the credit report and help rebuild your credit.

3) Prove a monthly income – Loan companies have to ensure that you have the ability to pay back your loan. To qualify you must have full time employment of at least one year, a computerized paystub, earning at least $15 an hour, a current bank statement and preferable two references. You should educate yourself on the guidelines for the lender you choose so that you are prepared showing again that this is a serious commitment to you.

Following these steps will align you with a lender that is willing to give you a chance to rebuild your credit history. Overcoming financial hardship is no easy task but choosing the right vehicle for your budget and making your payments on time will make you a survivor.

Affordable Vehicle Financing In Toronto After Bankruptcy

Getting vehicle financing when you have good credit is not a difficult task. With good credit you can get car financing from any bank and their only concern will be whether your income supports the payment that comes with your vehicle. Not everyone is in this ideal situation. Buying a car after bankruptcy can prove to be very challenging. The bankrupt status on your record will tell lenders that you’re not a dependable borrower. Many people overcome their bankrupt status and go on to have a strong credit profile.

Buying a Car after Bankruptcy

Many bankruptcy people fear that they can no longer get the financing they need for any type of loan, whether it is a car loan, personal loan or home loan. Today there are lenders that are willing to work with you to get the perfect car loan for you. Having an affordable vehicle is important but it’s extremely important to get the best financing for your situation.

The key is to find a reliable lender who specializes in loans to people with bad credit. These lenders can be found anywhere, through dealers, networking and online, however, you must be extremely careful for scams. Using good judgement is vital in your quest for the most affordable car financing for you.

Auto financing after bankruptcy is not that difficult a process and a lot of bankrupt people get these loans. A car loan after bankruptcy is a great way to help build back your credit history. You simply have to find the lender that is dedicated to help you come out of your financial slump.

So start your journey towards financial recovery.

How To Purchase A Vehicle In Toronto When You Know That You Have Bad Credit?

Knowing that you have bruised your credit is one thing, but facing the idea that it is time for a new vehicle when you have bad credit can be paralyzing. It has become much more challenging for clients with credit difficulties to qualify for affordable vehicle financing at dealerships.

One thing you will need to keep in mind when you start shopping is that the more money you have as a down payment, the higher the likelihood of qualifying for a car loan in Toronto. Lenders like to see this because it shows that you have more of a stake in the vehicle because you have invested in it. Also you will have a lower car payment.

Lower mileage vehicles are more attractive to lenders. The lower the vehicle mileage the more valuable the vehicle and the less likely you will be to have car problems during the term of the loan. Large, expensive car repairs that occur with later model vehicles, while having car payments is one large reason average individuals default on their car payments.

Here are some tips if you have bad credit and want to purchase a vehicle in Toronto.

1. Choose a vehicle that is 3-4 years old with less than 50,000 kms. You will still be able to take advantage of the power train factory warranty on most vehicles and this will give you a vehicle that will last beyond your loan payments.
2. Do not stretch your loan payments over longer than 48 months. You want the vehicle to still be worth something once you pay it off.
3. Try to raise at least 25% down payment and this will ensure that you keep your payment low and will increase the likelihood of a car loan approval.

For more information about purchasing a vehicle when you have bad credit please visit www.prudentvaluecars.com

Prudent Value Cars Video Blog – One Stop For The Loan You Need and The Car You Want

Prudent Financial Services has been specializing in repairing credit through open, affordable and same day loans in Metro Toronto and the GTA since 1984. We have helped thousands of people who have had undischarged as well as discharged bankruptcies, proposals almost paid off and people with bad credit histories in the past who have resolved most of their debt. In 2004, we created Prudent Mortgage Corporation. In 2008, we opened our own indoor auto dealership across the road. Prudent Financial is now a one-stop centre for all your financial needs -- personal loans, car loans and home equity loans.

Drive in confidence with a Prudent Value Car.

My Car Just Hit 100K, What Should I Do?

You may think that if your vehicle has 100K that it’s ready for the junkyard. Although some cars may be ready for a trade in at this point, many cars can last twice that long with no major work needed. The design of a car has dramatically improved so with regular checkups and maintenance, your car can run smoothly for a long time.

There are many cars that drive past the 200K mark. The key to your cars longevity is all in the owner’s manual. It’s important to follow the schedule of the owner’s manual rather than the schedule of the dealership.

Think about how much money you can save in the long run with no car payments for 10+ years. Here are some tips that you can do to help your car make it past 100K:

· Keep your tires inflated properly and remember to rotate them.
· Start it up properly.
· Come to a complete stop.
· Regularly change the air filter.
· Maintain proper coolant levels, proper fluid checks and oil changes.
· Don’t ignore your dashboard warning lights.
· Look for any warning signs.
· Find a mechanic that is reliable.
· Keep your car clean.
· Be a good driver.

There is a satisfaction in knowing that you have a vehicle that is dependable and will take you anywhere you want to go. Why should you get rid of a car that is in good running condition? Remember that most of the years taken off the lives of our cars are due to our poor driving habits and those same habits can end up costing us thousands of dollars in repairs that could have been prevented.

There are many factors that could influence the decision to buy another car. If your car is no longer reliable and is costing way to much in repairs than it’s actually worth then it may be time to look into purchasing a new car. Prudent Value Cars only sells top quality pre-owned cars with low kilometres.

To view inventory visit www.prudentvaluecars.com/inventory.html

Are You Buying A Car Online?

More and more we are using the internet to make purchases. Buying a car is one of the biggest purchases you will make in your lifetime but would you make this major purchase online? How safe is it to buy a car online? What do you need to know to buy a car online?




What are the advantages of buying a car online?
Purchasing a car online does have some advantages. It can definitely save you time. To surf the internet for a car requires less time and effort. The internet also offers you more choice. With just a click of a button you can search more choices and options that you may not have visiting your local dealer.

What are the disadvantages of buying a car online?
The disadvantages definitely outweigh the advantages of purchasing a car online. A car is a major purchase and the last thing you want to do is become a victim of fraud. Making purchases online is a big avenue for people from all over the world to get victimized so you’ll want to make sure that you’re purchasing your car from a reputable source. There is also the danger of not having the vehicle delivered or there may be problems obtaining the title. As you are not able to test drive the car, be wary that the photo you are viewing online may not be the vehicle that is being sold or it could be the same vehicle years ago. Serious interior problems such as electrical can not be seen from a photo. There may be hidden fees that are not listed on the site.

 So what are some of the things you can do to improve your odds of buying a safe car online:

1) Do plenty of research on the dealer. Look to see if the site offers feedback. Read reviews and comments made by previous purchasers.
2) Know the car’s market value. Get online pricing from other online resources and remember that if the price is really too good to be true, it just might be.
3) Get a vehicle history report.
4) Contact the seller and ask as many questions as you can regarding the vehicle.
5) Get all promises in writing.
6) Never pay in cash. You want a record of everything should something go wrong.
7) Research extra costs. Know all the costs that may be associated with travel and shipping. Research all costs for title, registration and taxes.

Take the time to ensure that you’re taking all the necessary steps to make it a safe and reliable transaction. For more valuable tips and information or to view the Prudent Value Cars.