Payday Loan

Payday Loan

Having a payday loan can help you with finances when times are tough. Do not wait until it is too late to get one. You can apply anytime and anywhere. Just complete an application and you are approved. More »

Check Cashing

Check Cashing

Check cashing is quick, easy and convenient. Bring in your check today and get check cashing services. No long lines to wait in. All you need to do is stop by when it Is convenient for you and we will cash your check. More »

Cash Advance

Cash Advance

A cash advance has helped out many people when times start to get hard with finances. No need to handle the situation alone. Fill out and submit an application and then you will be approved. It is that easy. More »

Auto Loan

Auto Loan

Are you searching for a new vehicle but do not have the cash you need? Get an auto loan. Its is an easy process to get the money you need. Apply and be approved. Then you can drive away in your new vehicle. More »

 

Auto Loan

Auto Loan Services

Auto Loan ServiceUnless you plan on purchasing a vehicle with cash, you will more than likely need an auto loan. Newark Payday Loan Services provides an auto loan to everyone. No credit checks. No hassles or gimmicks. All you have to do is apply and you are approved. We want you to drive away in that vehicle you always dreamed of. Let Newark Payday Loan Services help you get there. Getting an auto loan is not as hard as many people may think. Unless you have a damaged credit history. That is when lenders will look deeper into your credit history to see if you are trustworthy enough to make your payments on time. Then they will decide on how much money to loan you for the purchase of your vehicle.

Auto Loan Options

Before you actually look for a vehicle, figure out what you can truly afford. Sit down and create a log of all your monthly expenses. When you can see how much money you truly spend, it may help you make a better decision. Then figure out how much you can afford with a car payment. Then you can figure out the amount you want to borrow. If you want a lower payment, purchase a less expensive vehicle. This can all be calculated ahead of time so you will be prepared when you sit down with the lender and discuss finances. There is never a good time to take on additional debt. However, if your monthly spending plan is low, you are able to add on more debt without it affecting your finances. If you take out an auto loan that is larger than you can handle, your debt will then cost you more in many ways. All your emergency money, savings and more will now be used to pay off your large debt you just created.

The theory is, if you owe more money on your vehicle than what the market value is, you are upside down on your loan. That means your vehicle is less than what you owe. This is a large thing to consider if you are wanting to use your vehicle as a trade-in. The dealership will only give you the market value of the vehicle. So unless you own your vehicle, this is important for you to think about. Never get a vehicle that is out of your budget. No matter how bad you want it, it is never worth the hassle in the end, if you cannot afford it. Be smart with your decision.

There is a difference between the types of lenders you can borrow money from. One is called a Dealership Auto Loan and the other is a Personal Auto Loan. Both options will help you get the money you need to purchase a vehicle. However, your decision is which one do you want to be responsible for getting the auto loan for you? While you are at the dealership, they will ask you if you have an auto loan. If you say no, they will offer you in-house financing. That means you will go through their chosen lender to obtain an auto loan. This is convenient since you are already there and already in the process of purchasing a vehicle. However, you must be prepared for hidden fees. Be sure you read the contract before signing any papers. The other option is a personal auto loan. This means that you go to your bank or credit union and obtain an auto loan through them. This is the option where there is no negotiating, unlike with a dealership. The auto loan you are approved for is based upon your credit score and credit history. Both options will get you the auto loan you need, just ask yourself this, who would you want to do business with?

Auto Loan FAQs

Why should I choose Newark Payday Loan Services?
The services we provide are for everyone. There are no gimmicks. No hassles. We have the lowest fees around for our services.

What amount can I borrow?
The amount you are able to borrow depends upon the value of your vehicle. An auto loan is normally based on the wholesale value of the vehicle. You could also look up your vehicle information with your dealership or lending company.

Can the auto loan be in multiple names?
Yes. There can be two people on a loan. It will be based upon both credit scores. There is also an option for a co-signer. A co-signer is the person who is held responsible for payment in the case that you are not able to pay.

Do I need to be employed?
Not exactly. You need to provide some source of income to show the lending company that you are able to make payments. They want to be sure they will receive their payments on time. You could provide Social Security, Retirement or Disability checks to prove money income.

Are there penalties for early payoff?
This falls under the guidelines of the lending company. Many companies don't have penalties. When you pay off the auto loan early, it just means that your payments went straight to the principle instead of the interest. There are a few companies that will still penalize you because they want to the full amount of the loan plus the interest. It is better to ask the lending company before you sign any papers.

What is the auto loan process?
It is very simple. All you have to do is fill out an application and you are approved. Could not be an easier than that.

Is there an application fee?
Absolutely not! There are no fees to complete any applications for our services. That is the best part of our service. They are all available for free applications.

How will I receive my approved funds?
The approved money will be provided to you normally by check.

Getting an auto loan is easier than you can imagine. All you need to do is complete an application. That is the first step towards any of our services. You can apply online from anywhere that provides internet service. Once the application process is completed, you will receive your approved auto loan information in an email sent by our associates. Everyone is approved so there is nothing to worry about. Apply today at Newark Payday Loan Services, for an auto loan and drive away with the vehicle you wanted.