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WHAT IS A FICO AUTO SCORE?

What is a FICO auto score?

FICO Auto scores are specific industry version. It is delicate and predictive in the potential condition of auto loan repayment crisis. The base FICO Score is created first then adjusted on predicting the probability to pay as agreed in the future such as an auto loan.

FICO score is the basis of FICO Auto Score. FICO Score is the one that designates you in the level of worthiness in any sort of credit. On the other hand, FICO auto score is the one that designates you in the level of worthiness in any sort of credit specifically for auto loans.

Some of the automobile finance lenders use the FICO Auto Score instead of FICO Score. It is essential to know what score lenders need to use in their review process of the credit. They also determine the other information they need to consider in the review process of the credit. They need more information about income, the value of the collateral and employment history of the person.

The FICO Score and FICO Auto Score are different in scoring range. The base FICO score falls between 300 and 850. On the other hand, FICO Auto Score ranges from 250 to 900. As you want to shop for financing to buy car or vehicle, there are some factors that will affect your payment.

Length of Loan
Buyers choose a car loan that lasts for five years or longer. The average car loan length is about 65 months in the last quarter of 2012. The good in having a longer car loan is that in terms of payment, it will be lower. The disadvantage is that you may owe your car or vehicle more than it's worth.

Down payment
It is made easier for you to reduce the amount you borrow if you have a larger down payment. Some prefer to sell their current car or vehicle to use as a down payment but there are some lenders who don't require a down payment.

Credit Score
The credit score will help you find out the interest rate of your payment. If ever you don't have a not so perfect credit, it does not mean that you don't have a modest rate. The auto lender credit score may be different from the score you see if you have your own credit.

Refinance Car Loan
If you get a lower rate, you will save money and you can pay your loan quickly. There's another option, which is that you can extend your loan term. It makes your payment affordable. It is easy to do. Just refinance your auto loan then apply to determine if you qualify for it.

In time, the lenders will check your credit or even request a score. It will be noted on more than one of your credit reports but most credit score structure will ignore the current auto loans queries. If you want to protect your credit, watch out for the interest rates for it may increase without any notice. If you are desperate to have a car or vehicle, try to get a personal loan. If you can't, try a non-profit credit agency which can help you find solutions in times of financial difficulties.

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4 ESSENTIAL TIPS FOR HOLIDAY VEHICLE PREP

4 ESSENTIAL TIPS FOR HOLIDAY VEHICLE PREP

1. Have a professional check your fluid levels: Although this seems as such an easy enough task, there is a safety risk if not performed properly. Our certified technicians can check your fluid levels, and the systems they control. We recommend checking Brake Fluid, Coolant Fluid, Power Steering, Transmission and Windshield Washer Fluid in addition to Motor Oil. 2. Ensure Proper Tire Care: The only think keeping your vehicle safely on the road is your tires. During the Holiday Season, the additional wear from the extra workload increase the chances of irregular and premature wear if your tires are not properly inflated you run the risk of overloading them. Be sure to have your tires, alignment, suspension and steering components all checked out to make sure they are in good condition. 3. On Schedule Oil & Filter Changes: There's nothing like a well-oiled machine to ensure safety and longevity on the road. Next to you, trust us when we say regular oil changes are your vehicles best friend. Oil changes are the least expensive form of maintenance you can do to maximize engine life and reduce repairs. 4. Check your battery, test the heater, lights and wipers: Checking your battery before it fails, will save you additional stress during the holiday season. While checking your battery, take a few minutes to test your heat. Nothing is worse than finding out your heat isn't working when it's chilly outside. In addition, check your interior and exterior lights to ensure everything is working properly. Lastly, no matter what Mother Nature throws your way, you're going to need to see the road. Test your wiper blades for signs of wear and replace if necessary. We want you to enjoy your Holiday Trips to see family and friends, without worrying about any vehicle problems that could arise. We recommend following these tips for stress free travel this Holiday Season. Enjoy your Holidays!

HIDDEN RISKS OF DELAYED CAR SERVICE

HIDDEN RISKS OF DELAYED CAR SERVICE

For some people out there, car maintenance or service is nothing more than filling up their fuel tank. If checking your vehicle before every drive sounds a waste of time and money, it is something you cannot overlook. Though it is not one of your main priorities, regular vehicle service can help eliminate higher expenditures in the long run. Aside from that, it can ensure an increase driving safety, functional performance, excellent fuel economy, extended lifespan, and much more. But delaying car service lessens your chance to experience countless benefits which will lead to hassles. Due to delayed car service, here are the following risks you cannot afford to encounter. • Oil Sludge Build up In the Engine Just like a gel, any built up oil sludge adheres to many parts of your engine. It seems a simple problem but it definitely inhibits the smooth or normal flow of oil over the engine of your car. Once it remains unresolved, it will pollute the engine that can cost beyond your imagination. This is why calling a car service provider on a regular basis is very imperative. It is the perfect solution to protect your investment. • Inadequate Protection and Safety Have you ever experienced car mechanical failure on the road? Whatever the case maybe, you might get injured and did not know what to do. But you are still lucky because this problem might put your life at stake. To have the peace of mind, it is always best to hire a qualified company ahead of time. Giving them a try can keep the braking, steering, or suspension in an ideal condition. Frequent car maintenance really plays a pivotal role in locating or addressing wear and other potential issues. Despite the expenses you might handle, your protection and safety are the most important things money could not compensate. Thus, let a well-skilled provider deal with all your needs for your convenience and comfort. • Unnecessary Wear and Tear The failure to count on a car repair or maintenance company can result in excessive or unnecessary wear and tear. Although this might not sound a big problem, taking action as soon as possible is very indispensable. Most of the time, wear and tear could reduce the quality and performance of your vehicle. If you do not want your money and effort is futile, give the nearest professional a call. • Vehicle Damage Do you know that driving an inefficient car can lead to an expensive damage? Well, it's certainly true. If you always take a ride using a dysfunctional vehicle, it would result in severe issues. So, it is advisable to set an appointment with a service provider. This would not only help avoid problems like that but also give you a stress-free journey. When looking for a service provider, it is perfect to take advantage of the internet. With just a few clicks, you will find the one that can exceed your expectation. But it is not that easy. Fortunately, we're here to come to your rescue. Give us a call and witness our commitment to serve you!