How Can I Buy a Car With Bad Credit?

According to an article in consumers affairs; In general, it is better to go with a bank or an auto financing lender rather than the car dealership down the street that is offering a “buy here, pay here” deal. If you do wind up with a high interest rate on your car, work on rebuilding…

According to an article in consumers affairs;

In general, it is better to go with a bank or an auto financing lender rather than the car dealership down the street that is offering a “buy here, pay here” deal. If you do wind up with a high interest rate on your car, work on rebuilding your credit score so that you can ever refinance.

If you suddenly find yourself without a car you might be asking, “How can I buy a car with bad credit?”, Well, You DO NOT! I know not having a ride can be a problem, like how do you get to work, or what if you want to go out? Well as far as getting to work goes, see if a work college lives near you and chip in on some gas for a ride. As far as getting out from time to time, there's always Uber.

You want to give yourself a few months to save up some money and pay cash for a vehicle until you can get your credit to a point where you can get a 6% or less interest rate. Your choice of vehicle will be better and the total cost for the vehicle will be a lot less.

Another problem with buying a car with bad credit that most people forget is car insurance. Your insurance premiums are unfortunately also based on your credit score. The combined monthly cost of your car and insurance could be challenging. Again, waiting until you have a good credit score will save you on insurance as well.

Here is an example based on $ 35,000.00 vehicle purchase at 20% versus 6% on a 5-year loan.

$ 35,000.00 at 20% interest you will pay over $ 15,000.00 in interest at 6% you will pay approximately $ 5,000.00 in interest. Quite a difference.

Your total cost for the vehicle is about $ 15,000.00 less in interest at 6%, and your monthly payment is approximately $ 250.00 less per month!

OK let's play a little game, what if you took that $ 250.00 per month that you're not paying in interest and invested it each month over the same 5-year time period with a 6% return?

Well you end up EARNING $ 3000.00 instead of PAYING $ 15000.00. I'm saying that's a pretty good argument for doing everything you can to avoid a high interest car loan.

Instead, put ALL your resources into getting your credit fixed. This will put you in to position to buy at a good interest rate with minimum money down. This will save you a ton of money and you will not regret it!

Buy a new car or even a used car is never a good investment, but one you can not avoid. Buy a car with bad credit, as you can see, is still a worse scenario. Make sure you do whatever it takes to avoid this costly mistake.

Guaranteed Auto Loans: Your New Car, Just Hours Away

Seven years past the great recession of 2009, people are still trying to recover from the financial damage. Also, the inflation rate is another challenge that people have to face every day. Car prices are rising and it is becoming difficult for people to buy a car with good credit score. It is even more…

Seven years past the great recession of 2009, people are still trying to recover from the financial damage. Also, the inflation rate is another challenge that people have to face every day. Car prices are rising and it is becoming difficult for people to buy a car with good credit score. It is even more difficult for people with bad credit score.

Is it possible to buy a car with bad credit score? Where should you apply in order to get easy approval on auto loans? If you are bothered by such questions, you should opt for guaranteed auto loans.

Guaranteed auto loans help you buy a car quickly. As the loan application can be submitted online, it is the quickest and easiest form of financing. As the process is online, you may get approved within a single day of applying for the loan.

Here are some of the reasons why you should opt for guaranteed auto loans if you have a bad credit history:

· The Quickest Option for buying a Car

If you apply with a traditional lender, your loan application may take multiple days to get approved. It will also involve physical efforts such as walking down to the lender's office, waiting at the office, meeting the authorized personnel, etc. Also, there are chances of your loan application getting returned.

On the contrary, if you apply for guaranteed auto loans, you can get approved within a day. There is minimal physical involvement because of the online loan process.

· Advantage of Dealer Promotion Schemes

Dealers offer various promotional schemes to car buyers. The schemes include discounts, cash back incentives and free car accessories. You may have missed such schemes in the past. But, you will not miss any of them now because of guaranteed auto loans.

When you get approved for the loan, lenders promise you to transfer the loan money within a day. So, you need not to worry about losing the promotional schemes offered by the dealer.

· Repaying Money is Fast and Flexible

Since lenders offer you shorter loan terms and use your car as collateral, they provide you with various flexible repayment options. You can plan ahead and decide how much money you can spend every month towards monthly payments. Then, you can choose the option that fits your monthly budget efficiently.

· A Chance to improve your Creditworthiness

Guaranteed auto loans offer you with two major advantages. Firstly, you can buy your desired car. Secondly, the repayment of the loan can be used as a repairing tool for your credit score. Paying the monthly payments on time would improve your credit score and hence improve your creditworthiness in the long run.

· Power in your Hands

With guaranteed auto loans, consider having money in your hands. After you are approved for the loan, the money will get deposited in your account within a day. Therefore, you get an edge over the dealer. It gives you the power to bargain for your car and ask for the maximum discount.

Everyone has a dream to own a car. Do not get worried by looking at your credit score. Opt for guaranteed auto loans. With the convenience of the loans, your new car will not be a distant dream anymore.

Cosigner for Your Auto Loan – Complete Interpretation of the Term to Help You Make a Wise Decision

Many times while you are looking at your car loan contract, you may come across the term 'cosigner'. A cosigner can be anyone. He / she can be someone from your family or your group of friends. Basically, a cosigner is someone who guarantees that if you can not pay back the loan, they will…

Many times while you are looking at your car loan contract, you may come across the term 'cosigner'. A cosigner can be anyone. He / she can be someone from your family or your group of friends. Basically, a cosigner is someone who guarantees that if you can not pay back the loan, they will be legally responsible to pay back the debt.

Key Requirements:

There are a few requirements which are essential if you plan to get a cosigner for your loan.

  1. Mutual Consent

The cosigner must be willing to sign the contract and pledge that he / she will pay the due amount as per the agreement, in case you are not able to make the payments. The guarantee is always taken in writing and the lender will not accept a verbal commitment.

  1. Proof of an Income Source

At the time of signing the contract, proper evidence of sufficient income must be provided. If your cosigner is employed with an organization, he / she will have to provide his pay-stubs. If he / she is self-employed, income tax return slips will become necessary. In case of failing to provide the proof of an income source, the lender may disapprove your loan application.

  1. Stability

Sometimes, potential lenders may dig deep to cross check your cosigner's stability. They might want to check the cosigner's reputation in the community along with his / her work tenure with the employer. They consider the cosigner as a part of your 'team' while approving the loan.

The Risk Factor

Apart from the requirements, you must consider the following risks before engaging a cosigner:

· The major risk is the risk of financial setback to the cosigner. By agreeing to lend you a helping hand, the cosigner risks lowering his / her own credit score.

· The lender will sue the cosigner if he / she fails to repay the loan. So, it is advisable to pay off the loan on your own and not depend entirely on the cosigner.

· A cosigner can not shy away from his / her responsibility after signing the contract. Here, he / she is liable for your auto loan. It may lead to disagreements between you and the cosigner.

In the end, it is a personal decision to opt for a cosigner. The agreement between you and your cosigner must be clear from the beginning. It will ensure that there is no scope for confusion in the future. Remember a mature car buyer will not make others liable for his / her expenses and make monthly payments responsibly.

Why Should You Opt For Dealership Financing?

If you are scanning through used cars or new cars for your next purchase, there is a good chance that you may choose auto loans as your preferred option of financing. Due to the current state of economy, not many potential car buyers pick cash payment for the purchase of their new car. A majority…

If you are scanning through used cars or new cars for your next purchase, there is a good chance that you may choose auto loans as your preferred option of financing. Due to the current state of economy, not many potential car buyers pick cash payment for the purchase of their new car. A majority of the drivers opt for auto loans. There are numerous ways of obtaining finance for the purchase of your new car, some methods being simpler than the rest. Dealership financing is one of the preferred methods that not only helps you in getting a tailor-made auto loan, but also facilitates the entire process of acquiring a new car.

How is Dealership Financing different?

Typically, dealership financing is when the dealers extend a loan to their customers. Simply put, it is an in-house financing method wherein either; the dealer will himself finance the auto loan or find a loan for you by visiting banks and credit unions, ensuring that you get the best loan. Usually when you shop around for cars, it becomes an added task of finding a lender for your loan. Dealership financing is different with regard to its aspect of keeping the transaction strictly between the buyer and the dealer, thereby making the whole process a lot simpler.

What are the Reasons for choosing Dealership Financing?

· Convenience

One of the best parts of choosing dealership financing is that everything that you need for the purchase of your car is available under one roof. In a normal case scenario, you may have to make rounds between the dealership lot for choosing your car and the third-party lender for obtaining an auto loan. However, with dealership financing, the process is simplified as your dealer becomes your lender. It is convenient in the sense that you can choose the car of your liking while arranging the auto loan, all at the same place.

· Flexibility

Accommodating a tailor-made auto loan that suits your needs is another feature of dealership financing. As it consist of a more realistic approach, dealerships often provide flexibility in auto loans. It means that you can have flexibility in choosing a budget for your car as well as deciding the monthly payments of your auto loan. Although every lender makes sure that you do not miss out on your loan payments, a dealer presents you with additional financing options that are flexible according to your needs.

· No Discrimination on the Basis of Credit Score

Ideally, it is an arrangement between you and the dealer to ensure that you make monthly payments comfortably. Thus, while negotiating for the finance of your car, the dealership will take into consideration a lot more than just your credit score. Therefore, if you have a bad credit history or a poor credit score, you can still stand to get your loan approved. Also, it can prove to be a credit booster as you are availing a loan with a low credit score.

Dealership financing has its own set of benefits. From arranging a deal that can put you in a position to your monthly payments, boosting your credit score and getting you the car you desire, a dealership financed auto loan may just be what you need.

BHPH Dealer – A Blessing for Credit-Challenged Car Buyers

Are you thinking of buying a new car? Did you study the several sources available in the market for obtaining finance for your car? When you are in the car market, you will spend most of your time making sure that you obtain the best auto loan deal. It is because we turn to auto…

Are you thinking of buying a new car? Did you study the several sources available in the market for obtaining finance for your car? When you are in the car market, you will spend most of your time making sure that you obtain the best auto loan deal. It is because we turn to auto loans in order to buy a car that we want.

Are you a Credit-Challenged Person?

When you apply for an auto loan, you may have bad credit history or no credit score. A low credit score makes you a credit-challenged person.

A credit-challenged person is someone who has credit issues. It is possible that he may be denied auto loan approval from lenders, banks, and credit unions.

Is there any option for buying a Car as a Credit-Challenged Person?

If you are a credit-challenged person, it is time to consider a BHPH dealer. BHPH stands for Buy Here Pay Here. Such dealer is considered to be a last resort for people with bad credit, but you should make it your priority when other lenders' doors are closed for you.

Such dealers offer a unique in-house financing program for people with bad credit. The car dealer acts as the auto financing company. And, the approval is guaranteed because the decisions are made by the dealer only.

Even though there is a thin line of difference between traditional dealership and BHPH dealers, the main difference lies in the shopping experience. If you opt for a traditional dealership, you have to choose a car and then go to a bank or an auto financing company for securing the auto loan. On the other hand, a BHPH dealer can arrange the auto loan easily.

Help yourself with these Safety Measures before you approach a BHPH dealer

· If you are a credit-challenged person, your car-shopping experience may become stressful if the banks reject your loan application. So, it better to seek a BHPH dealer in order to expedite the car buying process.

· Your credit score may be better than you think it is. So, first check your credit score and then decide on the source for obtaining a loan for your car.

· If you are credit challenged, there are chances that you will be charged more for your car. So, it is important to negotiate with the BHPH dealer in order to acquire the best auto loan deal.

· In order to avoid the situation of repossession of your car, you should remain aware of the rate of interest and the monthly payments offered by the BHPH dealer.

· Select a dealer who will report your payment history to credit bureaus. It will help you in improving your credit score.

Additional points to be noted about BHPH Dealers

· If you have an address proof and a steady income, the approval changes for your auto loan improve phenomenally.

· A BHPH dealer is subject to federal laws. So you can expect to be in safe hands.

The first thing that comes to your mind when you think of a BHPH dealer is his reputation. So the question here is: Are all BHPH dealers bad? The truth is such dealers are businessmen, who want to make profit in the car market. Not everyone will provide you with a shady deal. But, if you want to have a smart car-buyer, follow the safety measures before signing the loan contract.

Why Is a Pre-Approved Auto Loan Better Than a Traditional Loan?

Do you remember the pain of abandoning your dream car because you could not get an auto loan approval? It is hard to let go the dream of buying your favorite car. However, times have changed with the easy availability of a pre-approved auto loan. With a pre-approved auto loan, you can get a clear…

Do you remember the pain of abandoning your dream car because you could not get an auto loan approval? It is hard to let go the dream of buying your favorite car. However, times have changed with the easy availability of a pre-approved auto loan.

With a pre-approved auto loan, you can get a clear picture of the approved loan amount. Also, the lender will give you assurance of paying money as and when required. It means that the loan program will make car buying process a piece of cake for you.

Eligibility Criteria for a Pre-Approved Auto Loan

You need to submit your financial documents to the lender. He will examine your credit ratings and banking activities in detail. After inspecting your financial situation, he will provide you with an approved loan amount for buying a car.

Why opt for a Pre-Approved Auto Loan?

The following points justify why one should opt for a pre-approved auto loan rather than applying for a traditional loan:

· Car Buying Process becomes Clear

After the lender evaluates your credit ratings and banking details, you will get a clear idea of ​​the maximum loan amount that he is ready to lend you. It makes choosing a car simple and clear. If your credit ratings are good and the lender approves you for a higher loan amount, you can buy your dream car.

On the other hand, if you apply for a traditional loan, you will have to choose the car first and then apply for an auto loan. And, if your credit ratings are not good, the lender may reject your loan application.

· It saves Time

What if the lender approves for a lower loan amount than you expected? Do not worry! You can spend time in arranging money for the down payment amount. Applying for a pre-approved auto loan gives you adequate time for taking care of issues such as the down payment amount and the co-signer. Thus, it makes buying your dream car easy. The biggest problem with a traditional loan is that it does not provide you with sufficient time to make arrangements for the down payment amount. Also, you need to make quick decisions in choosing a co-signer. If you are unable to secure the down payment amount and the co-signer, you will have to abandon your dream of buying a car.

· You can enjoy Low-Interest Rates

Lenders offer low-interest rates to car buyers who apply for a pre-approved auto loan. The reason is that they perform strict strictiny on financial documents and approve loan application of people with low risk. As they are not worried about their investment, they are able to offer affordable interest rates. If you apply for a traditional loan, the interest rates will be high. It is because the loan program is not designed exclusively for you.

· Luxury of Time

Once you get a pre-approved auto loan, you get an assurance of getting money according to your requirements. Therefore, you can wait for festive offers and enjoy additional benefits or discounts.

On the other hand, approval on a traditional loan requires time. There are chances that you may not be able to enjoy the festival offers and discounts because of the long duration of the loan process.

· Negotiations b ecomes Easy

Getting a pre-approved auto loan is considered as having money in your hand. The dealer understands it and so, tries to sell you a car as quickly as possible. As you have an upper hand in the negotiation process, you can negotiate with the dealer to buy the car at low price. The negotiations in a traditional loan are not effective as the dealer is aware of the fact that you do not have money to finalize the deal.

· Future Benefits

A pre-approved auto loan, if repaid punctually, also provides future benefits. Applying for loans in the future becomes easy if the lender knows you well. He will provide you with special interest rates and reduce the loan approval time as well. It is because he has reviewed your documents in the past and is well-aware of your financial situation.

When you apply for a pre-approved auto loan, the lender conducts intense research on your banking account and financial transactions. But once the scrutiny is over, you will get a picture of your situation and it will make the car buying process crystal clear to you. So, it is better to apply for a pre-approved auto loan than to spend time on a traditional loan.

Refinancing Your Car Loan Can Lighten Your Financial Burden

A car can put a smile on your face. But, a terrible car loan has the potential to convert the smile into a frown. If you are not comfortable with your car loan, it will make managing the monthly payments difficult. In such a situation, refinancing your car loan is the right way of putting…

A car can put a smile on your face. But, a terrible car loan has the potential to convert the smile into a frown. If you are not comfortable with your car loan, it will make managing the monthly payments difficult. In such a situation, refinancing your car loan is the right way of putting your worries to rest.

It simply means replacing your existing car loan with a new one and with different terms. The new lender will pay off your current car loan. Also, you will be able to enjoy benefits such as smaller monthly payments and lower interest rates than before. But, before you think about it, there is a lot to learn about refinancing your car loan.

Accurate information is the Key

Refinancing can be a difficult task. It is better to be prepared with the following information beforehand:

· Personal and Contact Information :

Date of birth, social security number, citizenship status, marital status, home address, telephone number and email address.

· Employment and Income Information

Employment status, name of the employer, work-place phone number, total monthly income and other income sources.

· Car's Information

Manufacture year of the car, VIN number, details of the current car loan and information of the current lender.

The Joy of Refinancing Your Car Loan

Why is refinancing a good idea? Most people see it as a medium to save money. Some people wish to lower their monthly payments. Others opt for it to reduce their interest rates or to adjust their loan terms. There are various reasons to opt it. Before you make a decision, understand its possible outcomes:

· Reduction in Monthly Payments

It will help you in reducing the monthly payments. How? It is possible because the new lender will provide you with better interest rates. As a car buyer, lower monthly payments should be a priority for you because it will have a positive impact on your financial situation.

· Reduction in Interest Rates

If you make timely payments to the current lender, your credit worthiness will improve. And, you will be able to obtain low interest rates while refinancing. It means the total payable amount will decrease due to lower interest rate.

· Reduction in Loan Term

You may consider refinancing the loan with an aim to change your loan term. If you opt for a shorter loan term, the total interest amount will reduce. And, you will be able to save a reasonable amount of money.

Refinancing your car loan is worth a try! It will help you to lighten your financial burden. And it will provide you with favorable outcomes in the future as well. So, make a decision of refinancing the loan today and leave your financial worries behind!

Recognizing the Real Value of a Student Auto Loan

“Being second is to be the first of the ones who lose” The world is extremely competitive and your college is not spared from the high level of competition. If you want to win the competition and excel in your chosen field, you need to spend a reasonable amount of time on studies and improve…

“Being second is to be the first of the ones who lose”

The world is extremely competitive and your college is not spared from the high level of competition. If you want to win the competition and excel in your chosen field, you need to spend a reasonable amount of time on studies and improve your grades. Also, you need to have a part-time job to add comfort to your life. All these things ensure that you spend a lot of time in commuting between your college and place of work. It can take a toll on you because commuting is tiring as well as time-consuming.

The solution to your problem is a car. It will resolve your problems easily. Plus, it can help you in becoming efficient as well. A student auto loan can help you to buy a car with great ease. Here are some of the reasons why you should, without any hesitation, opt for a student auto loan:

· Low Interest Rates

It is always difficult for everyone to manage their budget and keep money for monthly payments. And, it is definitely more difficult for a student to achieve the task because of limited income. The lenders know the situation of students and therefore offer lower interest rates to them. They understand your financial problems and so, they provide you with flexible loan options.

· Additional Discounts

Lenders are always on a lookout for a potential credit borrower. They will always appreciate your loan application and help you obtain approval without any trouble. Moreover, showing your student ID will attract discounts.

Maintaining a decent GPA (Grade Points Average) is another way of attracting discounts. Your GPA shows that you are a serious student and stand a good chance in getting a well-paid job. Therefore, lenders will appreciate your grades and provide you with a higher LTV.

· No Credit History required

Every lender knows that it is tough for you to establish yourself in the financial market. They will appreciate your initiative of applying for the loan. They believe that a non-existing credit history is better than a bad one. That is why, they are lenient and understanding when you do not have any credit history. In short, they are ready to trust you and help you build your future.

· Increase in Management Skills

A student auto loan should be considered as a tool for improving your managerial skills. It will help you to manage your budget, expenses and monthly payments effectively. Repaying the loan will successfully boost your confidence. It will also help you in job interviews. How? The answer is simple. Interviewers know that it takes a lot of courage and determination to manage a loan while studying. So mentioning about your student auto loan may earn you the respect of your interviewer.

· Commute in Style

As a student, it is difficult to manage your college, home and place of work efficiently. Waiting for the public transport can become inconvenient for you. Plus, uncertain weather can add to your misery. So why not travel in style? Your new car can help you to commute in style.

· Save your Precious Time

You can easily get a nice, decent job if you have good grades in college. And, maintaining your focus on studies after a tiresome day can be very difficult. Therefore, a comfortable commute can help you save your precious time. With more free time on your hand, you can give sufficient time to your studies.

· Improve your Creditworthiness

Applying for a student auto loan marks your entry into the financial market. Repaying the loan will likely boost your credit score. Also, it will help you in obtaining other loans in the future.

A car is a more like a necessity than a commodity for students. And, buying a car with the help of a student auto loan will make things easier for you. So, recognize the real value of the loan and use it to take a positive step towards becoming a car owner. Buy a car and enjoy your college life.

Military Auto Loans: What Sets Them Apart From Regular Loans?

'Freedom does not come for free. It requires bravery and sacrifice. ' An individual serving in the military forces is a great hero of our nation. It is a matter of pride to serve the nation and be responsible for the millions of lives. Individuals serving in military are appreciated for their extra work but…

'Freedom does not come for free. It requires bravery and sacrifice. '

An individual serving in the military forces is a great hero of our nation. It is a matter of pride to serve the nation and be responsible for the millions of lives.

Individuals serving in military are appreciated for their extra work but they too have ordinary needs such as buying a car. If you are military personnel and want to buy a car, military auto loans are tailor to suit your financing needs. The loans can make buying a car easy and provide comfort to your family while traveling to different places.

Why are Lenders lenient towards Military Personnel?

Being in military inevitably puts you at a big advantage and it gets you much better loan deals. So what makes your loan application look good? The answer is simple. It is your steady income and rock solid job security.

There is one more reason. Lenders are more lenient toward you because they understand that you have to stay away from civilization for a long period of time. Therefore, it becomes difficult for you to establish a good credit score in the traditional way. So, lenders go easy on you when they consider your application for the loans.

What makes Military Auto Loans different?

When you are serving the nation, you are the one who is different from the rest. So lenders provide you with an auto loan that is different from the regular loans. So what sets military auto loans apart from other loans? The answer lies here:

· You do not have to save a big amount for buying your new car. Lenders allow you to buy a car with a smaller down payment.

· You get the benefit of long repayment periods and low monthly payments.

· With the convenience of internet, it becomes easy to locate lenders who specialize in military auto loans.

· The loans are not only offered to those who are in active services of the military forces but even retired personnel are eligible to apply.

· You get flexible terms and conditions.

· Even when you are stationed abroad, you can apply for the loans and buy a car for your family.

So when you have done an exceptional work for the nation, lenders provide you with exceptional benefits. Military auto loans give you benefits which no other regular loans provide. So, apply for the loans and give a comfortable life to your family.

Get Into Your New Ride With the Help of Car Loans

Borrowing money can help people get vehicles who could otherwise not afford them. Here are some of the basics. How does it work? The amount of the loan is based upon the value of the vehicle. Therefore, vehicles in excellent condition will earn more money than those that have seen better days. You must be…

Borrowing money can help people get vehicles who could otherwise not afford them. Here are some of the basics.

How does it work?

The amount of the loan is based upon the value of the vehicle. Therefore, vehicles in excellent condition will earn more money than those that have seen better days. You must be the owner in order to qualify. This means you must prove ownership with a title. You can still apply even if you have a car that is nearly paid off. It's important to make sure you have a record of payment received from the dealership as proof of ownership.

Why choose a car loan?

Other loans can be tricky, requiring proof of income, imprecable credit scores, proof of assets, employment status, bank accounts, and insurance. Automobile lenders understand that some people are not able to meet all the qualifications. Lenders are ready to assist anyone who owns a vehicle. Some banks and credit unions put up tons of barriers, but car loans do not. Car loans do their best to remove those barriers and help hard-working people get the financial assistance they need.

Who can apply?

The truth is anyone who owns a vehicle is eligible to apply. The paperwork is simple, and there are no credit checks. This reduces the amount of people who are turned away. Having a vehicle and some form of state or government-issued identification are the only real requirements.

What types of payment plans are available?

Car loans offer a wide array of payment plans and are committed to helping the client find the best option available. Clients should consider their regular bill cycle and employment status prior to agreeing to any payment plan. Talking to the lender will assist in the payment plan process and help borrowers make wise decisions. If there are any doubts, consult a financial specialist.

How quick is the process?

Most car loans can be obtained fairly quickly. In many cases, borrowers can have their loan in as little as 24-48 hours. Of course, each case is a little different, and each city, state, or province has their own set of rules when it comes to their policies. To be on the safe side, it is best to inquire at the agency.

Contrary to popular belief, title loans will not take cars away from their owners. Lenders understand that having a means of transportation is an essential factor in one's life. The relationship between lender and borrower is tightly linked. In a matter of hours, clients can not only get the money they need but also drive off the lot with their new purchase.