Bar none car loans
Bar None is a confusing name. Actually it's a company that came into existence about 15 years back with the express purpose of providing finance to Americans for purchase of car s and vehicles.
Bar None as the name suggests is a company that lives up to its name. In that sense it provides loans for autos to all and sundry including people with bad credit. But there is a catch in this as the rates of interest are quite high. But in the backdrop of the functioning of the company it is understandable as the company provides ready finance for car s and autos.
Bar None car loans can be easily accessed from their website. You can log on to the site and register for a loan. In fact with the incorporation of the latest technology your application for a Bar None loan is hundred percent safe and the entire process takes only a few minutes. If speed is of essence to you as an applicant, then all this can be a great help. Your application will be processed within a short time (sometimes in only a day or two) and the company will than arrange a meeting with you. This meeting will focus on your requirement as well as satisfy the company about your credit worthiness and lead to an auto loansanction and disbursal.
One of the factors for the success of Bar None auto loans is the price of good worthy models that are marketed. The price has risen and a lot of car s cannot be bought outright. Particularly if you desire a higher priced model.
After the sanction of the loan you will be directed to a dealership who will hand over the keys of your new car to you. All this is really speedy and worth appreciating.
Bear in mind that your desire to own a luxury car or an SUV can bear fruit pretty fast. This despite that the fact that you do not have ready cash and are facing a credit crunch. Even if you have bad credit the auto can well be within your reach with the help Bar None. Bar None has a partnership with a number of dealers all over the United States. These partners are experts in getting autos financed. It really does not matter that you have bad credit or even good credit for Bar None will get your auto financed. Bar None has a presence all over the United States and they operate through a number of dealers both local and National. They can finance any type of car from SUVs to a van and from a truck to a sports or luxury car.
Bar None also helps you with loans for a second hand car. In case you cannot afford a new car its best to go in for a used car. However make it a point to insist that the vehicle history report is available as it will show all details of the car and the names of the previous owners as well. Accidents will also be cataloged.
When you apply to Bar One for a loan there is a minimum requirement of income per month. This is important as it shows the where withal of the payment of the loan. Generally an income of $1500 per month or above will satisfy this condition. As far as the payments are concerned that will depend on your personal financial equation and how much you can spare every month. These payments will be different for different people. The percentage of your down payment will also have an effect on your installments.
The Importance of Bar None
The importance of Bar None however lies is the fact that they can arrange a auto loan for you even if you have been declared bankrupt under chapter 7 or 13. This is the big deal as bar Non claims some specialization in this field and will help you out. Thus bad credit is not a bar for a loan from Bar None.
In addition even if your credit is Ok but still you do not have money to make any down payment, even then Bar None can help you get 100% finance for your auto loan.
Bar None lives up to its name and auto loans can be given even to persons who have just started a car eer and have no borrowing history including people who have changed their jobs recently and cannot show continuity in their present job. These may appear minor points to a lay man but for the man getting a loansanction it's a fairly big deal. In addition Bar None has no hidden or file charges and the application is processed on face value.
Bar None also treats persons who are living on social security eligible for an auto loan. The payment from social security or pension is treated as income and the loan requirement worked out accordingly.
What I have written is quite positive about Bar None. But as with everything there is a negative side as well and that concerns the interest charged. The interest charged is very very high and there is no escape from it. Bar None justifies the high interest as the credit risk taken by the company is much greater with loans for people even with poor or fractured credit. The bar One axiom that "Everyone deserves a second chance" aptly sums up the philosophy of Bar None and its loans. I would say the company is doing a yeoman service for all Americans and need to be congratulated for it.
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