Cincinnati: Where buying a Car is a Necessity rather than a Choice

People consider a car as a luxury item. But, in few cities, buying a car has become a requirement. If you live in Cincinnati, you will realize that it is a necessity rather than a choice. Here are a few reasons that will show you the importance of a car in Cincinnati:

Public Transport Service
Cincinnati, since its establishment as a city, is struggling to incorporate an efficient public transport system. Since 1916, the government is trying to connect the city with subway but it has failed several times. Also, the city lacks an efficient public bus service. The Riverfront Transit Centre was built for transit buses but residents of the city use it during school trips, picnics and sports-events only.

As the public transport service of the city is not satisfactory, it is best to avoid using it in the times of emergency. If you want to reach work on time, buying a car is the best option for you.

The Temperature Issues
Cincinnati belongs to a climatic transition zone. The subtropical and continental climates influence the average temperature of the city. The summers are hot and humid with temperatures reaching up to 90°F whereas the winters are cold and snowy. In winters, Cincinnati receives 22 inches of snow approximately. In a city with fluctuating weather conditions, you never know when you get stuck because of lack of public transport service. Therefore, owning a car is a wise option for you.

A Crowded City
Cincinnati is the recipient of the title ‘fastest growing economy in the Midwestern United States. Hence, one can estimate the rapid growth of settlements in and around Cincinnati. Major companies such as P&G, GE, The Kroger Company etc. have their headquarters in the city. According to a 2015 estimate, the population density of the city was 3810 per square mile. If you have to commute regularly, you will want to avoid travelling with a large crowd. Therefore owning a car can help you to maintain privacy and save your valuable time.

Unavailability of an Airport in the City
Air connectivity for a metropolitan city is a must. And with major businesses having their headquarters in the city, Cincinnati is no exception. But the real problem with air connectivity in the city is that it doesn’t have an airport of its own. You need to go to Kentucky in order to board a flight. If you are a frequent flier, a personal car can help you to reach the airport faster. Plus, you need not adjust your time according to the public transport service.

In Cincinnati, people consider owning a car as the best option because of the convenience and comfort it offers. So, if you are living in the city, go out today to buy your own car.

4 Tips to Get the Most Out of Your Bad Credit No Money Down Auto Loan

Imagining a world without a car seems quite impossible. A car has become a necessity that is integral to our lives. Sorrowfully, many car buyers find themselves in a state of mayhem due to the compulsion of making a down payment. A down payment makes it difficult for car buyers to arrange a big amount of money in a short time-frame. To add to that, there is a possibility that a bad credit score or an average credit score can diminish the chances of obtaining an auto loan. However, there is always a way out. A bad credit no money down auto loan is the best option for you. But, before you avail the loan, make sure that you leave no stone unturned to educate yourself on all the important details.

The following tips will assist you in getting the most of your bad credit no money down auto loan:

1. Trade-In Your Old Car

Many a times, trading your old car can act as a replacement for a down payment. Once you have agreed to trade-in your old car, the amount equivalent to your car will be deducted from the total loan amount. It substantially reduces your burden of the monthly payment amount. Thus, by trading your old car, you can maximize the benefits of your bad credit no money down auto loan.

2. Get a Co-Signer

When you suffer from a damaged credit and cannot spare the amount for a down payment, getting a co-signer greatly helps your situation. If you are unable to make payments, a co-signer is equally liable to repay the loan amount. A lender will be more likely to grant you a loan if you have a co-signer with a rich credit history. Therefore, in order to make the most of your bad credit no money down auto loan, make it a point to get a co-signer.

3. Aim for Reasonably-Priced Cars

It is much easier to obtain a bad credit no money down auto loan if the loan amount is reasonable. If you aim for cars which are way out of your league, it can become difficult to get a loan. Additionally, opt for a loan with a shorter term. A realistic amount which can be repaid in a short time-frame can reduce the overall interest on your loan.

4. Present Evidence of a Stable Income

Regardless of a bad credit history, evidence of a stable income can boost your chances of getting a loan. Stability in the form of a regular job, a regular income source and a stable residential address can increase your credibility. Present pay-stubs that prove you can repay the loan within the stipulated time-frame.

For a car buyer with a bad credit score, getting financing options without a down payment is possible. Keep the above tips in mind to get the most of your bad credit no money down auto loan.

Out-of-the-Box Car Buying Tip: Organize a Garage Sale for the Down Payment

Getting money for making a down payment proves to be the biggest hurdle while buying a car. Everybody knows that more the down payment less is the loan amount. It is the reason why every car buyer tries to pay a higher down payment amount. If you also wish to do the same, there’s a way through which you can accumulate extra bucks and minimize the loan amount: Organize a garage sale.

Organizing a Garage Sale helps you in more than One Way

It may not seem appealing in the first place, but a garage sale has more advantages than you think. Look at some of the advantages that it offers. They may urge you to organize one.

You can earn lot more than you can imagine
You look into your garage and see all the trash lying around for decades. If you want to throw it in the bin, stop and re-think. Something that may look like trash to you can be a treasure for someone else. Restorers and collectors hunt for old mechanical parts, machineries; tools etc. and give a handsome price for it.

A garage sale may surprise you. If you are a collector, the feelings associated with the items that you collect are enormous. Garage sale may not only help you to earn money, but it also ensures that your collectibles go to someone who respects it and cares for it. So, search for old toys, antique tools, documents and photographs because they will help you to increase the down payment amount.

The Gift of Space
A garage sale is a perfect way to clean your garage. It will help you to remove trash from your house. Reorganizing the stuff lying around in the garage also becomes easy once you get rid of the unused things.

The most important feature of a garage sale is that it gives you the gift of space. Selling or getting rid of things from the garage can help you to make room for your new car. Also, keeping your new car in the garage can protect it from theft and damage. So, organize a garage sale because it is a win-win situation for you.

Why not make a Bigger Down Payment?

Make sure that you sell as many things as possible to earn a large amount of money. If you want a successful garage sale, you need to display several things. If you feel that you do not have a plethora of items to display, then ask your parents, relatives and friends to donate some items and contribute to your garage sale.

If you have fewer items to sell, don’t worry. Organize a combined garage sale with your neighbors or friends and decide a commission in advance on each item. It will help you to make a sale quickly.

Organize a garage sale and sell all the things that you think are valuable and can fetch you money. Also, get rid of old things to clear up space for the new car. Use the money from the garage sale for making a down payment. It is because the more money you pay as the down payment; less will be the burden of the auto loan amount on you.