Your credit plummeted when the economy crashed. Now your need for a new car is putting unwarranted stress on your life. Will an institution provide you a loan? What about the car insurance required by the state of Texas? Where should you turn and who can you trust? To find the right car insurance, one you can trust that knows what it means to be a Texan, you don’t need to go any further than Al Boenker Insurance Agency of Texas.
New vs. Used
A used car isn’t your only option with bad credit. You should always have a trustworthy mechanic inspect the vehicle so you can make an informed purchase. If your priority is to reestablish good credit, you will need a loan. Loans are available for both new and used cars. Bear in mind, the used car could still require costly repairs further down the line. Is a new car an option? It could be.
How about financing?
Lenders are willing to provide loans to buyers with poor credit because it makes business sense. Why? First, a new cars’ value is greater than a used car, thus new cars are more secure because of collateral. The lender can reclaim the loan if a buyer defaults on the loan. Second, a buyer will have additional funds to repay the loan of a new car since they won’t be making repair payments on a used car.
Dealerships are willing to sell a new car to someone with poor credit. Why? The sale of a new car is an investment in a new positive relationship. This unlocked network tends to become a source of profitable referrals.
Car Insurance for Texans
For Texans looking for a trustworthy company who will serve them, AL Boenker Insurance Agency of Texas is for you. With access to 127 online insurance companies, Al Boenker insurance Agency of Texas is guaranteed to meet your needs at prices you can afford.