Automotive Guruz

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

What Types of Cars have Cheaper Car Insurance?

Posted August 04th, 2010 at 12:08 pm by
Filed under: Car Insurance Tips
In order to legally drive on public roads and highways, we all need to have car insurance. There are a number of factors that are ...
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What Young Drivers Should do to Keep their Car Ins...

Posted July 22nd, 2010 at 01:07 pm by
Filed under: Car Insurance Tips
Insurance company premiums reflect the statistical likelihood of an accident based solely on the demographic the driver belongs to. The group who most frequent file ...
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Are Auto Insurance Rates Rising?

Posted March 08th, 2010 at 08:03 pm by
Filed under: Car Insurance, Car Insurance Tips
When it comes to auto insurance, everyone is always searching online trying to find the absolute best deals on their auto insurance policies. Unfortunately, you ...
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Buying Car Insurance Online

Posted March 03rd, 2010 at 07:03 pm by
Filed under: Car Insurance, Car Insurance Tips
In most parts of the world, driving without insurance is illegal. The number of people on the road is increasing day by day and the ...
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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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