A Down Payment is Your Friend

A Down Payment is Your Friend

A down payment shouldn’t be seen as an obstacle to your auto loan. Rather, it should be viewed as something that really works to your advantage if you are dealing with poor credit.

In fact, the larger the down payment you are able to make, the more you are helping yourself out. Here are some of the benefits:

  • It can help your chances of being approved because it lowers the loan to value ratio.
  • A down payment reduces the amount of your monthly payment because it lowers the loan principal.
  • Or it can make shortening the loan term possible so you can pay off the loan faster, which means paying much less in interest charges.
  • It reduces the total amount of interest charges you’ll pay on the loan.
  • A down payment reduces the likelihood of you being upside down, which makes it easier to trade out or refinance sooner and more easily.

As you can see, it works in your favor to provide a down payment.

If you are looking to get approved for an auto loan, you don’t have to worry about your credit holding you back when you use Deals on Wheels. You can get the car you need and a chance to rebuild your credit.

Reasons to Buy From Deals on Wheels

  1. We are more about you than your circumstances. Lots of Good people have bad credit  If you live or work in the Missoula area, can document your income, and are honest about your circumstances, you are almost pre-approved for our program.
  2. Not rich enough to buy with cash?   Join the club.  All prices, down payments, monthly payments are displayed in each window of each one of our cars.  Some down payments are even as low as $100…and working class Missoula paychecks are enough to cover our car loans.  Full disclosure with no surprises and no games.  You will enjoy financing a car with us.
  3. Ever make a decision you regret later?   It’s no Problem here!  With our 2-Day, Money Back Guarantee, you can feel comfortable with your decision to do business with us… If not, bring it back and we will refund your money…No questions asked.
  4. When a challenge comes up, we’re here with you.  We promise to “all ways meet you half way” with whatever challenges come up in making your car payment.  New job?  Different pay dates?  Miss work because of an injury?  As long as you are doing what you can,  chances are we can help you the rest of the way.
  5. All cars eventually break down.  We can help.  All of our cars come with a 6-month 6000-mile warranty.  Even though used cars are unpredictable, our PROMISE to stand behind our warranty stands strong.
  6. We want you to own the car you drive.  With a low 19.95% annual interest rate, your payment actually goes to paying off your car.  Most of our customers have their loans paid off free and clear after about 36 months.
  7. You are not just buying a car..you’re joining our family.  It may be old fashioned, but we actually do care about our customers.  It surprises some people…but you will even hear from us on your birthday!

Welcome to Our first post

This blog is about Missoula. This is where I live and work in the auto industry I will post topics like Credit questions Financing, Referral marketing and just about anything pertaining My community . I will try to help everyone understand just how the car market has changed over the the past decade and look forward to the future.Thank you for reading and sharing.