Can You Rebuild Your Credit With A Used Car Loan

Used Car Loans - A Credit Tool You May Not Have Known About

Sometimes through no fault of your own, you may have bad credit. The economy, a job loss, medical bills, or other factors could have contributed to your current financial situation. But just because you have bad credit now doesn't mean that it will always be this way.

You can take steps to improve your credit score almost immediately by making all your household bills and payments on time and in full. Another option to help improve your credit score is to get a used car loan. A used car loan can help rebuild your credit in several ways.

First, when you make timely monthly payments on your loan, it will reflect positively on your credit report. This will help to gradually improve your credit score over time.

In addition, the act of getting a loan and making payments on time can show creditors that you are responsible and capable of handling debt. This can make it easier for you to get approved for other types of loans in the future, such as a mortgage.

Of course, not all used car loans are the same. To maximize the positive impact on your credit score, you'll want to get a loan with reasonable terms. This means getting a loan with a manageable monthly payment that you can comfortably make without straining your budget.

You may also want to consider a cosigner for your loan. A cosigner is someone who agrees to be responsible for the loan payments if you default on the loan. Having a cosigner can help you get approved for a loan with more favorable terms, which can in turn have a positive impact on your credit score.

Although a used car loan can be a great way to rebuild your credit, it's important to remember that there is no quick fix when it comes to credit scores. It takes time and effort to improve your credit score, but the rewards can be well worth it in the end.

Used car loans can help rebuild your credit, but there are also some risks to consider. Your interest rate will likely be higher than someone with good credit. This is because you're considered a higher risk borrower.

You may have to put down a larger down payment than someone with good credit. This is because the lender wants to minimize their risk in case you default on the loan.

If you default on the loan, the lender can repossess the car. This will damage your credit even further. You should only take out a used car loan if you're confident you can make the payments on time. Otherwise, you could end up doing more harm than good to your credit score

Are you in the market for a car and am not sure what the next step is? Contact us either by phone or fill out a vehicle inquiry on the car you are interested in, we would be more than happy to help get you anyway we can.

Buying A Truck What Should You Look For

Did You Fall In Love With That Truck?

We know the feeling.

It could be as simple as finding a truck that you like and handing over your hard-earned cash but, as anyone who's ever bought a used car will tell you, it's never quite that simple. Obviously it needs to fit your budget but more importantly it has to meet your needs

What are you going to be using your truck for?

  • Towing and Hauling

  • Off-Road Use

  • Business Use

  • A Daily Driver

The mileage of the truck is going to be a big factor when deciding on which truck to purchase. You may not know the full history of the truck but if you can ask the dealership or prior owner what they used it for. It they used it for anything other than a daily driver then mileage may not be as big of a factor.

If you don't have direct knowledge of how the truck was used, then you will have to put more emphasis on a mechanical inspection. Cars that have been used to tow or haul will show signs of a well-worn tow hitch, a severely bent rear license plate or a cable for wiring trailer

Do You Like To Go Off-Roading?

The previous own may have too! There will be tell tell signs of an off-roading enthusiast. Muddy or sand filled floorboards, a missing or bent front license plate, and large tires are all good indicators that this truck was taken off the beaten path.

You should also check for any damage to the undercarriage. Any dents, scratches, or cracks in the frame can mean that the truck wasn't properly taken care of or worse, it was in an accident.

Will You Use It For Business Use?

If you plan on using your truck for business purposes, then you'll want to make sure that the truck has been properly maintained. A well-maintained truck will have all of its service records. This way you can see if it has had regular oil changes, tune-ups and other required maintence.

Is It A Daily Driver?

If you're looking for a truck to be your daily driver, then you'll want to find one that is comfortable and has all the features that you're looking for like heated seats, Bluetooth, an infotainment system, etc. You should also take into account how often you'll be driving in stop-and-go traffic. This type of driving will make your fuel economy suffer, so you'll want to find a truck with good fuel economy.

A truck with a manual transmission may not be the best choice if you're going to be sitting in traffic everyday.

The bottom line is that you need to decide what you're going to use your truck for before you start shopping. This way you can narrow down your choices and find the perfect truck for you.


Jeep Wrangler Evolution

Jeep Wrangler - a name that brings the idea of Automotive fun to mind. There are fun things about any vehicle, and if you we're to pick the fun features about a variety of vehicles you would come up with a Frankenstein car: The Jeep Wrangler. However instead of an unattractive combination of  features, you get THE JEEP WRANGLER! The Wrangler, simplified, is a BOX with Wheels. When taking a closer look the Jeep Wrangler has evolved over time from a Military Vehicle to a Civilian Off-Roader to a Family Vehicle with truly incredible 4x4 capabilities. The Wrangler originated as a two-door and tens of years later a 4 door model was released in 2007 and is called the Unlimited. There are a variety of packages or "trim levels" in which you can order the Wrangler and Wrangler Unlimited. These include the X which is a base model with Manual Windows Manual Locks and Likely a Soft Top. Moving up you have the Sport Package which can have similar features to the X but also has the option for some upgrades  such as power windows and locks and a hard top. One step higher than that would be the Sahara. The Sahara is the luxury version of the wrangler trim levels. You can get the Sahara with Leather, Heated Seats, Power Windows, Power Locks, Bluetooth, Hard Top with Retractable Roof Panel. And then there is the final trim level, Rubicon. The Rubicon trim is the most capable off road version of the wrangler. Instead of a leather or a power option upgrade the Rubicon gets actual mechanical upgrades. The Wrangler Rubicon gets locking front and rear differentials and better suspension along with the nice interior features. There is a trim level to suit every wrangler owner weather you're looking for a tough looking daily driver or an Off-Road Weekender vehicle. The Jeep is automotive versatility at its best and is equipped with options to bring a smile to any driver!

Jake Martin
Internet Manager

The New Age Not-So-Sedan

Welcome to Maryville Auto Sales' very first blog! Today's discussion revolves around the "New-Age Sedan". You may be wondering, "isn't the new age sedan, a sedan? Or maybe just a newer, more modern 4 door car?" To which I would say yes, but not entirely. If you think of the sedan as a 4 door car that you and your siblings grew up in you're probably right. But what a sedan offered in size and comfort, is now being "one-upped" buy the SUV and 4-door truck. Shoppers are finding that an SUV like the Honda CR-V or the Toyota Rav4 are better alternatives to the average sedan and offer more value. SUV's aren't the only body type out-pacing sedans; Crew Cab Trucks have more space than ever and are not only more spacious but are more versatile as well. In comparison, The SUV offers more ground clearance, more truck space, and more room for passengers. The 4-Door Truck also offers more to the consumer by its natural versatility. Take for instance our 2013 Toyota Tundra SR5 CREWMAX. This Two-Row truck seats three up-front and three in the back. Not only is there a sizable amount of space in this CrewMax Tundra, but the Rear Seats also RECLINE! It doesn't end there. Lets say for instance you and the wife are headed to home depot for a DIY weekend project. You have the car seats in the back a bed full of materials and you can pull a trailer if you need to, with ease. OH, and don't forget about how handy 4x4 is during the snowy winter months! If my example didn't paint the clearest picture, I'll clear things up. The SUV and Crew Cab Trucks are replacing sedans at a rapid rate because of the incredible value they offer. SUVs and Trucks are more safe and more comfortable than your idea of a Toyota Camry family car.

Check out our selection of SUVs and Truck under the "INVENTORY" tab at the top of our website! I hope you enjoyed today Blog post. It pays to choose Maryville Auto Sales!

Jake Martin
Internet Manager
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