Written by Mark Hergert1
Published on 03 September 2012 Hits: 5027

The Ins and Outs of Auto Financing

for Members of the Military

In the past and even today, a number of lenders and car dealers take
advantage of members of the military. The biggest culprits have been
the local used car lots that advertise “buy here, pay here” loans.
Young servicemen who do not bring home a lot of money have gotten
locked into loans with 30, 40, and even 50 percent interest rates for
poorly running vehicles. The federal government has cracked down on
companies trying to exploit military families, and plenty of
legitimate lenders including Auto Credit Financial can help people in
all branches of the Armed Services.




Military Finance Specialists

Some dishonest lenders have tried to use the fact that military
members move around a lot as a reason to issue unfair car loans.
However, reputable lenders recognize that while military members are
often on the move that they are employed by the United States
government. Thus, if a service member defaults on a loan the company
can get in touch with the Armed Services and petition to garnish a
portion of his wages to satisfy the loan. Most military members do not
want trouble with their commanding officers, so they take their
repayment responsibilities seriously.

The good news is that more and more lenders are recognizing the value
service members provide to their country and that they have one of the
most stable jobs in the world. If you are a member of the military and
have bad credit, you still can probably get a car loan at a lower
interest rate than a civilian who has a poor credit rating.

When applying for a car loan, have the names and addresses of several
references as well as your military ID and any proof of active
service. This will help reassure any skeptical financing
representatives and help you get all the discounts and considerations
to which you are entitled.

Written by Mark Hergert1
Published on 28 July 2012 Hits: 5822

How to get Financed

if you are Self Employed


Before the economic downturn of 2008, it was fairly easy to get into a
car loan even if you were self-employed. Unfortunately, some
unscrupulous people took advantage of the system and made it much more
difficult for honest self-employed professionals to get car loans.
However, if you can prove economic stability companies such as Auto
Credit Financial will take a chance with you.

Auto Credit Financial

Self-employed people usually do not get a steady paycheck from one
employer. That fact makes it much riskier for a lender to issue the
car note. You must prove through tax returns, banking account
statements, and a solid credit rating that you are making money even
though you do not work with a traditional employer.
If you have a history of credit problems and are self-employed, when
it comes to financing a new or used car you have a tough road ahead.

Is the situation entirely hopeless? It depends upon the seriousness of
your credit problems and how long you have been self-employed.

If you can prove two or more years of stable income and offer a vehicle trade
in or cash down payment, you are much better off than someone who
recently became self-employed with no track record.

Let our staff of professionals work out the details!

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Apply Online 

The bottom line is if you can prove your self-employed status does not
make it difficult for you to pay bills, you can probably get a loan
for a good used or new car. While you can get a loan without a down
payment, if you can put at least 10 percent of the sticker price
toward the vehicle purchase you will get an excellent interest rate.

Auto Credit Financial Services.

Bad Credit Car and Truck Loans

a Mark Hergert Company

Written by Mark Hergert
Published on 28 July 2012 Hits: 6229

The "Buy Here Pay Here"


by Mark Hergert CEO

Some people mistakenly believe that they must visit a local “buy here, pay here” lot to buy a car with bad credit. But relying on such
companies is a recipe for vehicular and financial disaster.

Most of these companies charge interest rates exceeding 30 percent, which makes it very difficult for you to consistently make on-time monthly payments.

These companies hope that they will have to repossess the car so they can put it back on the lot, collect a down payment from another customer, and repeat the process to earn more money. True lenders such as Auto Credit Financial allow you to buy a new or used car in good condition regardless of your past credit problems.Yes, you will need to prove stable employment and residency.

In most cases, you will get better loan terms if you can trade in a used caror make a cash down payment. But you will not have to pay anywhere near 30 percent for an interest rate, even if you have a credit scorein the 400s. When you are buying a car with bad credit, a little flexibility is important. You might want a brand new BMW convertible but unless you make a healthy income, you will have a very hard time financing it with bad credit. Try a different model of new vehicle or a used BMW convertible if that is what you truly desire.

A good lender will work with reasonable requests, but they will not loan you more money than you can truly afford because they do not want to repossess your vehicle.

New Car Quote



Buy Here Pay Here®

A Mark Hergert Company 2009-2014

Written by Mark Hergert
Published on 28 July 2012 Hits: 55720

First-Time Car Buyer Programs

First Time Buyer

Going to college is an exciting yet frightening time for most
teenagers. One of the primary benefits of graduating high school and
attending college is independence. Without a good car, independence is
difficult to achieve. Relying on buses, subways, rides from friends or
worse family members is a good way to feel that your growth is being stunted.

Auto Credit Financial

Buying a car will not only give you independence, but also help build
your credit rating. A good credit report is essential to your future
in countless ways. These days, many potential employers will check
your credit to judge whether you are an honest person. As unfair as it
sounds, such people will not believe you are a trustworthy person if
you pay your bills late or do not pay them at all. So, be sure to
always make your monthly car payments on time to avoid credit
problems. Also, if you do not pay a car loan on time the bank can
repossess your vehicle. Thus, you will lose all the money you’ve
invested into your vehicle as well as your transportation.

Search Used Cars

If you have a good part-time or full-time job and been with the same

employer for at least six months, you can probably get a car loan
without a co-signer. This is great because you are truly asserting
your independence. But if you do not have a steady job, you will need
to ask a parent or another family member to apply for the loan with
you. If you fail to make the payments, the lender will pursue the debt
with the person who co-signed on your behalf.


Most car lenders want to see good credit before issuing a loan that
requires little to no down payment. The beauty of first-time car buyer
programs for college students is that you can get a low interest rate
little to no down payment, and easy approval as long as you can prove
your ability to repay the loan. Apply Today Auto Credit Financial

First Time Buyer Auto Credit Financial

Auto Credit Financial

Helping College Student's and First Time Buyers for Over 25 Years

A Mark Hergert Company

Written by Mark Hergert
Published on 17 August 2011 Hits: 5440

Beating Debt with a Stick

By Mark Hergert CEO


Debt is a Product in America
The #1 sickness in America concerning finances right now is debt. Debt is a product in our culture and it is vigorously aimed at you and me everyday, everywhere. As a society, we borrow more money than the last two generations times two and your online credit report reflects these habits! Some companies like Sears make more profit from their credit department than from all the physical products they sell.

But It's the Norm Isn't It?
We are programmed from childhood to make automatic decisions regarding our personal spending habits thus negatively affecting our online credit report. A few 'real world' examples are listed below:

  • leasing a car instead of paying for it in cash (unheard of right?)
  • 90 days same as cash (NOT... really the same in more than 75% of the cases)
  • rent-to-own (translation = paying 2, 3, 4 times the actual value of the product)
  • 30 year vs. 15 year mortgages (an accepted lengthy and very costly way of purchasing a house)

What to do? Well, I hate to give the obvious answer here but how about saving money! Try saving money in a money market account for a couple years and then paying for a slightly used car in cash or with a 50 to 75% down payment. Wow, imagine having that extra money every month that most people dump into their lease or high rate loan. Try saving money for 3-6 months interest and risk free for that thing that you needed and you might find that you can get it cheaper with hundreds OR even that you want to use your hard-earned money for something more practical. Your credit report will thank you as well.

Penny Pinching is Boring!
Most people today think that to be frugal one must live out of a shack and only make purchases when they are on clearance (or if it's life or death). Well they're only half right. Have you heard the expression "It's the little things that count"? This holds very true when dealing with financial decisions. While large purchases definitely have great effect on one's online credit report as well as their overall situation, it is often the everyday spending habits that accumulate and hold them back from attaining wealth of any sort. What many people fail to realize is that the majority of true millionaires in America (those with net Worth exceeding 1 million dollars) got rich from thinking outside the box and not following the crowd. Try thinking a little more about how you handle your money and you might find that you know more than you think you do.

Summing Up the Debt Sickness Fiasco
A decision as simple as using a debit credit card instead of a credit card shows discipline. Report that paying with cash instead of credit shows that you have properly budgeted your money and it just feels better to own something the day you walk away with it. Your credit report will also reflect these positive actions. Since the average consumer has little control over their own spending habits, the credit report picks up the slack and in turn there are more negative items to show for it. Even statistics show that using cash when making purchases will greatly reduce spending thus causing you to think harder as a consumer before swiping that credit card. Get off to a good start by seeing what is on your online credit report. By removing negative items from your online credit report you can improve your credit rating. Apply now for a low rate auto loan today


©Auto Credit Financial 2014-2016


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What's My Payment?

Down Payment($):
Auto loan amount ($):
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Interest rate (%):
Auto loan term (months):

Credit Information Before You Buy


After years of delays, the credit industry finally agreed to give consumers access to their personal "credit scores." This is important, because lenders use credit scores to determine who to give credit to and at what rates. Knowing your credit score can be empowering,If it's low you can take steps to improve your credit worthiness and if it's high you may be able to use it as leverage when shopping for your next car loan.