Automotive Guruz

An automotive blog offering car insurance tips, car reviews, buying guides and everything else related to cars.

Used Sports Cars: Manufacturer Approved Cars &...

Posted November 17th, 2011 at 07:11 am by admin
Filed under: Used Cars
Have you ever viewed that gorgeous sports car, that Porsche Carrera or Mercedes SLK, or perhaps a recent BMW Z4 or an Audi TT, and ...
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Tips on Getting Auto Insurance in Ohio

Posted September 21st, 2011 at 08:09 am by admin
Filed under: Car Insurance
While it’s true that young drivers are likely see their Ohio auto insurance premiums decrease as they get older and become more experienced on ...
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Tips on Getting Auto Insurance in Ohio

Posted September 21st, 2011 at 08:09 am by admin
Filed under: Car Insurance
While it’s true that young drivers are likely see their Ohio auto insurance premiums decrease as they get older and become more experienced on ...
readmore

Three for the Road: New 2011 Models

Posted November 14th, 2010 at 08:11 pm by admin
Filed under: Car Insurance, Car Insurance Tips
Autumn’s arrival brings the latest car models. Some updates involve little more than a tweak here or a little more horsepower there. But for car ...
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Getting A Car Finance Loan After Bankruptcy

Filing bankruptcy is the worst thing that can happen to your credit score. But, no one really wants to have to file bankruptcy. Things happen such as losing your job, getting injured and not being able to work. In some cases, bankruptcy is a persons only way out of a mountain of debt.

While filing bankruptcy will destroy your credit score, it doesn’t mean that you’ll never be able to finance anything else again. There are lenders that specialize in car finance even with bankruptcies. But, there are also some negative aspects to getting these types of loans.

Although it’s not impossible to get car finance you will be charged a high rate of interest. Even if it’s been a few years since a lender will still consider you a risk. And, they know that you can’t get approved for car financing at most places and are willing to pay more interest.

Because lenders will see you as a high risk you will probably be asked to have someone with good credit co-sign for the loan. Having a co-signer protects the lender just in case you don’t make your payments. But, if you have filed for bankruptcy, it could be hard to find someone willing to stand good for your loan.

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