Author Archive: gene

Author Archives for gene

Buy Here Pay Here

If you’re looking for a pre-owned vehicle, you may have heard or seen Buy Here Pay Here (often shortened to BHPH) in reference to independent financing at used car dealerships. The short definition is pretty self-explanatory: you make one stop to both find your car and finance it, instead of needing to deal directly with a bank or finance company.

Understanding how a dealership is able to offer this kind of financing can get a little more complicated. At G&E, we want you to know exactly what type of financing is available and how we’ll work together, whether you opt to finance with a traditional financial institution or start a BHPH plan through us.

Traditional Auto Financing vs. BHPH

The majority of auto dealers have a financial lender portfolio they go through when you are looking to purchase a car from them and will crunch numbers such as your credit score [...]

What’s the Maximum Car Loan I Can Get with Bad Credit?

There are many questions surrounding the process of getting approved for an auto loan with bad credit or challenged credit history. Although some lenders may approve a larger loan so you can finance your dream car, this may not actually be a good move for you to improve your credit score in the long run.

Larger loans for borrowers with low credit scores usually also come with baggage: longer loan terms. This means that you’ll be paying a higher interest rate, and it will take you much longer to pay off a vehicle while its value depreciates. So, what is the maximum car loan you can get with bad credit? And is it a good idea to max out your loan options? 

Loan Amounts vs. Credit Scores

To start, make sure you’re working with a financing professional who has experience in finding solutions for [...]

10 Tips For Saving on Your Car Loan

The process of finding your new car and getting a great loan can be a whirlwind experience. Once you drive off the lot and the dust settles a bit, it seems like the most daunting part is just beginning: paying off the loan over the next three to five years. Paying your auto loan is useful in many ways; it helps you finance your car over an extended period of time and can increase your credit score as you prove to be a reliable borrower. But what if there is more you can do with the loan to make it work in your favor, and help you save money in the long run?

Base Your Plans Around What Kind of Interest Applies to Your Loan

Is your loan based on simple interest or compound interest? Most auto loans use simple interest, or interest that is only calculated [...]

What You Should Consider When Refinancing Your Car Loan

In 2017, more than six million Americans were at least three months behind on their auto loan payments. As the payout term for auto financing continues to rise, making sure you are making the right choices in loans and lenders is more important than ever. Refinancing your car loan is one way to improve how your loan works for you and your budget.

Refinancing a loan refers to when you apply and receive a loan to cover your former loan, while using the vehicle itself as collateral. With any loan, you submit some kind of security that informs the bank that you will make your payments. Most loan terms dictate that not meeting your payments for 90 days can result in car repossession. Missed payments and repossession should be avoided at all costs, as the repossession stays on your credit report for seven years.

A number [...]

2009 JEEP GRAND CHEROKEE OVERLAND 4X4 LIMITED

2009 JEEP GRAND CHEROKEE OVERLAND 4X4 LIMITED

PRISTINE CONDITION HEMI AS LOADED AS IT GETS OVERLAND EDITION 4X4 WITH NAVIGATION CUSTOM LEATHER ROOF BACK UP CAMERA BACK UP SENSORS CHROME WHEELS FRONT AND REAR HEATED SEATS BLUE TOOTH WOOD GRAIN AND MUCH MORE.

Getting a Car Loan Even with Bad Credit

For many, securing financing for a much-needed car can be a real nightmare. A minority of Americans can walk into an auto showroom and pay for a slick, cutting-edge vehicle in full without breaking a sweat. To them, buying a new car may be as simple as picking up a new television or games console – a nice addition to their life rather than fulfilling an essential transportation need.

For the rest of us, though, investing in a car is a much more complicated, stressful matter. We all have our own reasons for buying a vehicle, whether it’s needing to take the kids to and from school, drive yourself to work, go grocery shopping, or, most likely, a combination of all four. In short, always having access to your own car is a vital need and a convenient way to get from A to B as [...]

10 Best Used Car Buying Tips

Buying a used car is an ideal way to save money and avoid the expensive price tags attached to brand-new models. However, you still need to approach the purchasing process with the same level of consideration and caution you would when investing in a factory-fresh vehicle.

The following 10 best used car buying tips will give you all the help you need to get great value for money from your local dealership. 

Understand What You Want

First and foremost, think about the most practical aspects of your ideal used car. What do you need from it, and why?

  • Do you need to fit three kids in the back, or is it just for yourself?
  • Do you need the vehicle to cope with certain extra strains, such as hauling a trailer or driving in extreme weathers?
  • Do you expect to make long journeys on a regular basis, or is [...]

2009 FORD FLEX SEL 3 ROWS

2009 FORD FLEX SEL 3 ROWS

CERTIFIED PRE-OWNED AMAZING CONDITION NOT A SCRATCH ON THIS CAR WITH 3 ROWS ALL POWERED AND 18 INCH ALLOY WHEELS.

2008 FORD EDGE SEL ALL WHEEL DRIVE

2008 FORD EDGE SEL ALL WHEEL DRIVE

CERTIFIED PRE-OWNED ALL WHEEL DRIVE IN MINT CONDITION WITH A GIANT PANORAMIC DOUBLE ROOF CHROME WHEELS FULLY SERVICED READY TO GO.

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