Tuesday, July 21, 2009
Mark's Auto Sales Beats the Government's Cash for Clunkers
With the tight credit crisis 40-70% of all customers are turned down due to bad credit at new car stores. Mark's Auto Sale's exclusive in house financing can get you into a vehicle, and even accepts your trade in. With a variety of late model used inventory, customers of all credit profiles can drive off today. Still don't believe that there are financing options for you? Please visit and ask to see our video testimonials from our customers and how Mark's Auto Sales helped them get reestablished. Visit our website at www.MarksAutoSales.com to learn more!
Thursday, July 16, 2009
Understand your loan docs is the first step to build your credit!
Mark's Auto Sales would like to remind its clients and online followers the importantce of reading and understanding your loan documents.
Loan documents are a legal document once signed that bind you into a contract to pay.
Now while I, Staci of Mark's Auto Sales am not a lawyer and I am not giving legal advice, there are a couple things that I would like to point out to car buyers in general.
First, make sure your "closer" explains what it is that you are signing. If you have questions, don't be afraid to ask.
Make sure you understand when payments are due. For example, most payments made to Mark's Auto Sales (and META Financial Services) are semi monthly payments. For example, if your Mark's Auto Sales payments are due on the 3rd and 17th, there is not a grace period and your payment is past due if you bring it in a couple days late. At Mark's Auto Sales we will do our best to arrange your payment schedule based on when you are paid. (However we still have to follow our underwriter's rules about payment schedules.) Should you change jobs and have a different pay schedule, your payment due dates are already in your contract. With good communication with your account representative, they will be glad to coach you to get ahead a payment if necessary to prevent you from falling behind.
Finally, it is important for you to know who your account representative is if you fall behind. We all find times when money is running a little tight. Good communication will keep your name and good word with the collector, if you disappear, we can't work with you on your payment schedule to get caught up.
Mark's Auto Sales reports to the credit bureau which gives you a valuable opportunity to reestablish your credit. With two to three years of good payment history on an auto loan, even with tight underwriting departments, more banks will consider giving you a loan. Mark's Auto Sales is glad to be your stepping stone to good credit, and the opportunities that come with good credit. However it is very important that you understand and ask questions so you can make it through the term of the loan and build your positive credit.
-Submitted by Staci of Mark's Auto Sales
Loan documents are a legal document once signed that bind you into a contract to pay.
Now while I, Staci of Mark's Auto Sales am not a lawyer and I am not giving legal advice, there are a couple things that I would like to point out to car buyers in general.
First, make sure your "closer" explains what it is that you are signing. If you have questions, don't be afraid to ask.
Make sure you understand when payments are due. For example, most payments made to Mark's Auto Sales (and META Financial Services) are semi monthly payments. For example, if your Mark's Auto Sales payments are due on the 3rd and 17th, there is not a grace period and your payment is past due if you bring it in a couple days late. At Mark's Auto Sales we will do our best to arrange your payment schedule based on when you are paid. (However we still have to follow our underwriter's rules about payment schedules.) Should you change jobs and have a different pay schedule, your payment due dates are already in your contract. With good communication with your account representative, they will be glad to coach you to get ahead a payment if necessary to prevent you from falling behind.
Finally, it is important for you to know who your account representative is if you fall behind. We all find times when money is running a little tight. Good communication will keep your name and good word with the collector, if you disappear, we can't work with you on your payment schedule to get caught up.
Mark's Auto Sales reports to the credit bureau which gives you a valuable opportunity to reestablish your credit. With two to three years of good payment history on an auto loan, even with tight underwriting departments, more banks will consider giving you a loan. Mark's Auto Sales is glad to be your stepping stone to good credit, and the opportunities that come with good credit. However it is very important that you understand and ask questions so you can make it through the term of the loan and build your positive credit.
-Submitted by Staci of Mark's Auto Sales
Wednesday, July 1, 2009
Our first animated advertisement in Mark's Auto Sales history!
For over twenty years, if you've heard a Mark's Auto Sales commercial, you know the jingle: "He's crazy for selling them cars so cheap... He's crazy... For selling them cars so cheap!... He's awful crazy..."
Check it out here!
Well, I can't guarantee that you won't hear the jingle again (in fact we've had requests for our ad archive to be added to YouTube) but we're proud to announce that we have our first animated advertisement debuting. Her name is "Mother" and she is the one to Ask when you have questions about Auto Financing.
She's a persnickety little lady, but its true, "we're not like those other banks!"
Check it out here!
Saturday, June 27, 2009
Cash for Clunkers bill in Congress is Going to Hurt Low Income Families
ou may have recently heard about the bill in Congress called "Cash for Clunkers." This bill is to make a government incentive for Americans to trade in their used car for a more efficient vehicle. This bill will only be for the purchase of new vehicles. While the motives of the bill, to modernize a greater percentage of US vehicles to be more fuel efficient and increase sales in new cars, the bill does not take into account the harmful effect it will have for low income families and subprime customers.
With the current credit crisis most people are unable to get financing on a new car. Banks and lenders have tightened their credit policies, and consumers who would have been able to qualify for a loan in the past are unable to do so with the current credit policies. Buy Here Pay Here credit by dealerships like Mark's Auto Sales have given many families opportunities to get a loan when they need to buy or replace their vehicle. However, with the current form of the bill, we are unable to fulfill the rebate for the Cash for Clunkers program, as it only applies to new vehicles.
From another standpoint, the Cash for Clunkers program will negatively affect the inventory of used cars driving up the prices of all vehicles outside of the affordable range for low or even middle class Americans. Currently, there is a shortage of used vehicles available for sale as Americans are driving their cars for longer instead of trading it in for a new vehicle. Cash for Clunkers will take perfectly good cars and take them out of the retail market.
These are the low cost vehicles that low income families are able to afford. Cash for Clunkers would further reduce the supply of used cars and increase the prices of the remaining used cars.
Natural attrition will get rid of these vehicles. I’ve seen it for the 32 years that I’ve been in the auto industry.
A final consideration, to consider is, while our domestic auto manufacturers are struggling, how much of this $9 billion incentive program will go to the purchase of foreign brands? It is a large investment by US taxpayers for this Cash for Clunkers program.
Are you sure this is a program you want your tax dollars supporting?
With the current credit crisis most people are unable to get financing on a new car. Banks and lenders have tightened their credit policies, and consumers who would have been able to qualify for a loan in the past are unable to do so with the current credit policies. Buy Here Pay Here credit by dealerships like Mark's Auto Sales have given many families opportunities to get a loan when they need to buy or replace their vehicle. However, with the current form of the bill, we are unable to fulfill the rebate for the Cash for Clunkers program, as it only applies to new vehicles.
From another standpoint, the Cash for Clunkers program will negatively affect the inventory of used cars driving up the prices of all vehicles outside of the affordable range for low or even middle class Americans. Currently, there is a shortage of used vehicles available for sale as Americans are driving their cars for longer instead of trading it in for a new vehicle. Cash for Clunkers will take perfectly good cars and take them out of the retail market.
These are the low cost vehicles that low income families are able to afford. Cash for Clunkers would further reduce the supply of used cars and increase the prices of the remaining used cars.
Natural attrition will get rid of these vehicles. I’ve seen it for the 32 years that I’ve been in the auto industry.
A final consideration, to consider is, while our domestic auto manufacturers are struggling, how much of this $9 billion incentive program will go to the purchase of foreign brands? It is a large investment by US taxpayers for this Cash for Clunkers program.
Are you sure this is a program you want your tax dollars supporting?
Welcome to Mark's Auto Sales
Mark's Auto Sales Inc is proud to announce our new blog! We hope to move our paper newsletter content to the virtual world to keep you updated of events, activities and news here at Mark's Auto Sales.
If you happened to come across our site, we are located in Lakewood and Commerce City Colorado. We are a family owned business since 1983, serving customers in the Denver metro and across the state with financing and purchasing their late model used car. Mark's Auto Sales is proud to be able to offer buy here pay here financing on most of our inventory. Because we report to the credit bureau, we have been able to help our customers into a vehicle and re-establish their credit after bankruptcies, divorce, and foreclosure.
Please check back for new blog posts often!
Be sure to check out our inventory or make inquiries on http://www.MarksAutoSales.com
If you happened to come across our site, we are located in Lakewood and Commerce City Colorado. We are a family owned business since 1983, serving customers in the Denver metro and across the state with financing and purchasing their late model used car. Mark's Auto Sales is proud to be able to offer buy here pay here financing on most of our inventory. Because we report to the credit bureau, we have been able to help our customers into a vehicle and re-establish their credit after bankruptcies, divorce, and foreclosure.
Please check back for new blog posts often!
Be sure to check out our inventory or make inquiries on http://www.MarksAutoSales.com
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