We understand that you don

We understand that you don't buy cars everyday. In fact studies show people only buy a car once every five years! We can help you find answer to questions such as:

· How do I get a loan?

· Where do I get insurance?

· Will my credit be good enough to finance a car?

Use the research tools provided to get the information you need to make the right decision about your next car--whether or not you end up buying from us, this information can save you a bundle.

Credit Report & Beacon Score

Getting your report is a must if you're considering financing a car. -- In 1999 a law was passed that allowed people to review their own credit score that lenders use to determine credit worthiness. This score is the most important factor determining whether or not you'll get approved and what percentage rate you'll be offered. Beacon scores range between 300 points and 850 points. You can learn more about what your score means from Equifax.com.

Getting your Credit Report--You don’t have one credit report--you have three. Lenders may use one, two or all three, when evaluating a loan request. They also obtain your “credit score”.

Getting your Beacon Score--Even if you have good credit, it is still wise to obtain your Beacon Score. While you may not need to look at your credit report, everyone should be armed with their credit score BEFORE talking to lenders.

If you’re buying a car, get your credit reports and Beacon Score. In fact it's probably the best $30 you can spend. Equifax.com. Chances are there are inaccuracies that are lowering your score. We know of one client whose score jumped from 450 to 760 in under a year once inaccuracies were corrected and just two credit cards were paid down. This 310 point increase resulted in this client obtaining the best rates possible from one year earlier being denied credit.

IMPORTANT: Having third parties access your credit report lowers your score. Do not allow banks, auto dealerships, insurance companies or others to access your credit report without good reason. Only after you have seen your credit report for yourself and have decided to purchase a car, is it wise to allow access to your personal information by a third party.

TIPS FOR IMPROVING YOUR CREDIT

Is your credit score low? -- The first thing you need to do is obtain a full credit report. Once you get your report, review all the information. Dispute any discrepancies. Get your report in order well before you are going to apply for credit. Some financers won't act until disputes are resolved, and it can take over 60 days to get incorrect negative information off your report. Remember, having a clean record on one report doesn’t assure a clean record with the other two agencies, so it’s important to check with all three.

No Obligation Easy to Use Payment Calculator by People First

How much will my monthly payment be? -- Well, if you aren't paying cash, you need to know how much your payments will be. Make sure to mark our page as one of your "favorites" so you won’t have to type in our long web address when you want to return to our site. People First’s loan calculator is a good place to start planning for a loan. We recommend them because our customers have had success with them. We receive no compensation for this referral.

People First's Loan Calculator

WHERE TO LOOK FOR INSURANCE

By law you can't own a car without first having car insurance. If you already have a car, it's best to stick with the same car insurance company. After you have bought the car and have completed transaction, go ahead and price different car insurance companies for new insurance. A great website our customers have used with success is Esurance.com Here you can price compare insurance companies on-line. You won't get an actual quote until you apply for insurance, but it's a great start to see if it's worth your while.

If you currently don't have car insurance, most likely you can't use Esurance.com--they tailor to established insurance buyers.

IMPORTANT: Many car insurance companies are requiring a credit report. Do not let insurance companies access your personal records just so you can price shop for insurance. Only allow access after you have decided you want to buy from them. Also, you should obtain your own credit report beforehand to be sure all is in order. Equifax makes this easy. You should be just as careful about buying insurance as you were with your car loan.

Contemporary Automotive 5020 Cook Road Beltsville, MD 20705 Phone 301-937-4541 Fax 301-937-4495

email: salvage04@aol.com