Do you feel like you are juggling too many payments and finding it hard to keep up? Debt Consolidation is an effective strategy to get your finances and budgets back on track. Often leading to lower payments and overall savings on the interest you pay. At 360 Approved we work with lenders that can loan you more money than what you pay for your next vehicle. Our used car inventory managers look at buying specific cars that they can buy considerably below book value. Let’s say we buy a vehicle from the auction for $19,000, but the lender’s book value on the vehicle is $31,000 this means they are willing to lend you $31,000 plus taxes and fees for that vehicle. In these situations we can use that additional money to pay off high-interest credit card debt, outstanding money owing on a previous car or even give you that money cash back for a home renovation, a vacation or to buy a boat to go with that truck you are buying.
Debt consolidation loans are a great way to simplify your payments. Rolling in multiple high-interest credit cards can save you money on interest. It can also move your debt from being a revolving debt to an installment debt meaning instead of just paying the minimum payment and having it take decades to pay off you are making a payment both to principle (the amount you owe) and the interest in most cases at a much lower rate.
Not all auto finance companies can offer you this service. Many don’t have the access or buying power to buy these cars at such low wholesale prices.
The team here at 360 Approved have a great selection of cars and trucks that fit these criteria. Connect with one of our credit specialists to see what one of our debt consolidation car loans can do to improve your financial situation today.