Getting competitive prices on auto loans can be tricky, especially if you’re not used to the ins and outs of car financing. One car dealer you can trust, though, is Auto Nations Finance or ANF Auto Finance. ANF Auto Finance is a leading car dealership located in Houston, Texas, providing customers with a wide range of pre-owned, late-model vehicles. If you’re looking for a reliable dealership for the car you’ve been eyeing, Auto Nations Finance can help you out.

The Houston-based car dealer offers an extensive selection of nice cars from renowned auto makes and luxury car brands. Acura, Audi, BMW, Jaguar, Lexus, Mercedes-Benz, Porsche – these are just some of the popular luxury car brands you’ll find at the Auto Nations Finance lot. You’ll also find plenty of vehicles from reliable American brands such as Cadillac, Chevrolet, Chrysler, Dodge, Ford, and Jeep.

All vehicles offered by ANF Auto Finance are guaranteed to be flood-free, so you don’t have to worry about any hidden damage on the car you’re looking to buy. The dealership also provides full detail on the cars it offers, helping you make an informed decision and ensuring that you get your money’s worth.

Luxury cars are a passion for Auto Nations Finance, and the car dealership is dedicated to helping luxury car enthusiasts find the pre-owned vehicle of their dreams.
Now that you know all about Auto Nations Finance, here’s how the car dealer can get you behind the wheel.

A Quick Guide on Buying a Car through Auto Finance

Unless you’ve saved up and pinched pennies for years, chances are you’ll need some help paying off the full price of the vehicle you want. This is why ANF Auto Finance has partnered with leading financial institutions. Through auto financing and car loans, ANF Auto Finance makes it as easy as possible for you to drive off the dealer lot with the luxury car you want.

So how does the process of getting a car loan work? You can apply directly at ANF Auto Finance in Houston, Texas or put in an application for a secure loan online. When you apply for a secure loan online, you apply for credit at one of the financing partners of Auto Nations Finance. This will help you determine if you pre-qualify for a loan.

Your credit rating will be checked.

Whether you apply for auto financing online, through phone calls, or in person, though, you can expect for your credit report to be pulled up. Your credit report plays a crucial role in the interest rates you get for your car loan. A high credit score can help you get a car loan with a lower interest rate, while a poor credit score may get you a double-digit interest rate. The good news is that ANF Auto Finance ensures that you get the best interest rates, whatever your credit score is.

You can also do a quick estimate of the interest rates you’ll get by checking out your credit report even before you apply for a car loan. In fact, financing experts advise against applying for an auto loan without checking your credit score. This way, you can check if the information on your credit report is accurate and get any errors fixed before a low credit score affects the interest rates you get at the car dealership.

You can get a free copy of your credit report every 12 months from each of the major reporting bureaus. Many online services and banks can also give you a free online credit report. Check all parts of the report for errors or inaccuracies and file disputes if needed. This can drastically improve your credit score, get you lower interest rates on your car loan, and help you save money.

Set a budget and stick to it.

Having a budget is essential to purchasing a car with auto financing, especially if you’re looking to buy nice cars. This will help you determine how much you can afford to pay monthly for your vehicle. Don’t have a budget yet? Deduct your monthly expenses from your monthly income after taxes; the resulting figure should give you a good idea of how big of a monthly payment you can afford. If you have bills that don’t have to be paid every month, you can take the annual charge and divide it by 12. Add the result to your monthly budget.

You also want to make room in your budget for expenses related to having a new car, like vehicle registration and auto insurance. Regular car maintenance costs and emergency repair funds should also be included in your budget. By planning your budget ahead of time, you can determine how you’ll be able to afford a monthly car payment plus new car costs.

Your preapproval from ANF Auto Finance’s financial partners typically indicates the maximum amount you can borrow, but that’s not the final price you’ll be paying for the vehicle you want. Expect to add 10% of that amount for taxes and fees. You can use an auto loan calculator to add your down payment and lending terms. This will give you an estimate of how much your monthly payment will be.

If the pre-approved amount is too high for your comfort, don’t worry. The offer is just a limit. You can borrow much less money if that makes it easier for you to stick to your budget. What’s important is that you can comfortably make on-time monthly payments.

Thoroughly examine the vehicle you want.

Once you get to the ANF Auto Finance car dealership, you can finally set eyes on the pre-owned luxury vehicle you want. Auto experts actually recommend having up to three vehicle choices, just to be safe. Make sure you review the detail on the cars, as provided by Auto Nations Finance. The car dealer should be able to provide a full history on any of the vehicles you want. This report should indicate every maintenance procedure and repair done on the vehicle, so you can assess if the pre-owned vehicle is still a good buy.

Need a little expert help in inspecting the vehicle? ANF Auto Finance offers a team of mechanics who can tell you more about the vehicles you’re considering. You can rest assured that all cars on the Auto Nations Finance car lot have been reprocessed so these vehicles are completely ready for sale. You should also be able to bring in your own mechanic to do an independent inspection of the vehicle, if you prefer. All vehicles offered by ANF Auto Finance are guaranteed to be flood-free, too.

ANF Auto Finance will also let you test-drive any vehicle on the lot. This way, you’ll be able to get behind the wheel and see for yourself if the vehicle is the right fit for you. Get the most out of test-driving cars by planning your route so that you’ll drive through different environments and situations. You want to assess how the vehicle will hold up through stop-and-go traffic, highway driving, and bumpy road conditions. Observe if the vehicle makes any strange noises or uncomfortable vibrations.

Lights, electronics, brakes – you’ll want to check all these to make sure they’re in good working order, too.

Tips on Building Your Credit for Auto Financing

ANF Auto Finance is open to customers of all credit scores, but it definitely doesn’t hurt to try to improve your credit score before you visit the car dealership. A high FICO score ensures that you get the best interest rates possible for your car loan. Here are some things you can do to rebuild your credit score.

Keep your credit report error-free.

Make it a habit to regularly check your credit report to ensure that every detail on it is accurate. Bring out your highlighter and mark any error or inaccuracy you spot. Check to see if all your personal details are correctly listed. All your credit accounts should be reported as well. Make sure that all accounts and credit applications indicated on the credit report were actually made by you.

It’s important to pay special attention to late or missed payments listed on the report. Your payment history accounts for 35% of your FICO score, so it has the biggest impact out of all other sections on your credit report. Take note of on-time payments that are listed as late or missed. You can have these errors fixed by filing a separate dispute for each error you find. If you find the errors on different credit reports, you’ll have to dispute the errors separately with each credit bureau. This might sound like a hassle, but a clean, error-free credit report is definitely worth it.

Build your credit age.

According to financial experts, a good average age of credit history is five years or more. The longer your history of good credit is, the better credit scores you may have. For instance, a year of average credit history may result in a credit score in the lower 600s, while five years’ worth of good credit history will give you a much higher FICO score. The bad news is that if you have no credit history at all, it might take up to six months from the start date to see activity on your credit report. One way to establish good credit is to get a credit card and make small purchases that you’ll be able to pay off by the credit card’s due date. This will show that you have a good payment history and that you’re capable of managing a monthly payment.

You can also try to get help from a family member or friend by piggybacking on their credit card, especially if they have a long history of on-time payments. They’ll have to add you as an authorized user of their credit card.

Fix your late payments.

Get on the right track and avoid late payments as much as possible. Your payment history is a major contributor to your credit score. Set up due date alerts with all your credit cards and loans if needed. What’s great is that it’s easy to move credit card payment due dates around on your bank or lender’s websites. If possible, set up your payment due dates so that they coincide with your salary dates.

Credit bureaus usually don’t consider a payment late unless it’s at least thirty days past the intended due date. However, you might still get a late fee or penalty for making a payment that’s only days past its due date. Don’t hesitate to make phone calls to your credit card company to see if they’ll forgive your late payment. Credit card companies can be lenient to customers who have a long history of on-time payments.

Keep in mind that delinquent payments can remain on your credit report for up to 7 years from the date of the missed or late payment. This date is also referred to on the credit report as the original delinquency date.

Make fewer credit applications if possible.

Financial experts advise against making too many credit applications like the one you’re making to ANF Auto Finance. A hard inquiry of your credit report can negatively impact your credit score for up to a full year. Although the deduction is small, 3 to 5 points are pretty important when they’re difference between fair credit and poor credit. You can only imagine how much of a hit your credit score would take if you make multiple credit applications at once.

If you find that your credit report indicates a hard inquiry that you have no knowledge of, make sure to contact the lender or financial institution that performed the inquiry. If you still don’t know what the inquiry is related to, expect fraud or identity theft and contact the credit bureaus of the incident. This way, the situation can be investigated and fixed.

Improve your credit utilization ratio.

Check your credit card balances every month. If the balances are more than 30% of your credit limits, your credit score is most likely suffering. This is true even if you’re regularly paying off your balances in full by the payment due date. Your statement balance is most likely what’s being reported to the credit bureaus, so consider pre-paying some of the balance if you know you’ll be making it past the 30% mark for the month.

How ANF Auto Finance Can Get You the Car You NeedClosing unused credit card accounts actually won’t help much when it comes to improving your credit score, as it affects your utilization ratio percentage. If you must close a consumer credit account, make sure you can maintain a 15% utilization percentage. This way, you can retain a good credit utilization ratio.