Archive for the ‘Finance’ Category

Are vehicle service contracts worth it for used vehicle owners?

Wednesday, March 17th, 2021
A stock photo of a person signing some paperwork.

Should I buy an extended warranty for my used car? 

Everyone who owns a car, truck or SUV fears an unexpected mechanical breakdown. Nobody needs the inconvenience of having a car in the shop nor the unexpected repair bill. New vehicles offer the protection of a factory warranty, but what about those of us who choose something pre-owned. If you’re wondering, ‘Should I buy an extended warranty for my used car,’ the financing experts at Third Coast Auto Group have some advice. Like anything else in life, there are pros and cons to buying an extended warranty. Our team wants you to have the best possible information before you make any decision regarding your financial or automotive future.   (more…)

Let Third Coast Auto Group answer a few more hard questions before you start the buying process

Wednesday, March 10th, 2021
Let Third Coast Auto Group answer a few questions before you visit us.

Should I worry about how many miles are on a used car? 

A person buying a used car, truck or SUV has to have a lot of knowledge going into a transaction. One of the most common stumbling blocks people encounter is getting too focused on how many miles are on an odometer. If any given vehicle is well-cared-for, the number on the odometer is largely irrelevant. Sure, there are some consumable items to pay attention to, like tires or filters, but a properly maintained vehicle that hasn’t been driven to hard will last a very long time and go on to serve multiple owners. The other issue we see some confusion with concerns buying an extended warranty for a pre-owned vehicle. There might be some peace of mind to be had, but the pitfalls generally outweigh the benefits. Take a look at these two videos our team came across if you have some outstanding questions that needed to be answered.   (more…)

Learn more about your financing options available at Third Coast Auto Group

Tuesday, February 9th, 2021
A stock photo of a person working on their finances.

Does buy here, pay here financing hurt my credit score? 

Finding financing to buy a car, truck or SUV can be a steep hill to climb under the best of circumstances. People who find themselves in a less-than-ideal credit situation may very well have an even more difficult time successfully getting a car loan. There are some things that can be done to rebuild credit, but that process can take a while. Third Coast Auto Group is what is known in the industry as a buy here, pay here dealership – meaning we largely handle financing in-house. If you’re wondering, ‘Does buy here, pay here financing hurt my credit score,’ our team has some answers for you. Let’s take a look at a few common questions our team gets asked each week.  (more…)

Having bad credit doesn’t have to be a life sentence

Thursday, January 28th, 2021
A stock photo of a person looking a credit report.

How can I rebuild my credit score? 

The number one obstacle for people buying a car, even a used vehicle, is obtaining financing. Things get even more difficult when the buyer has a less-than-perfect credit history. Bad things happen to good people and sometimes taking a hit in the credit department is unavoidable. Having a low credit score will not only make getting a loan more difficult, but it will also make the overall cost of the loan more expensive. If you’re wondering, ‘How can I rebuild my credit score,’ the financing experts at Third Coast Auto Group are here to help. This blog is not meant to be a comprehensive guide but instead is supposed to be a jumping-off point. Everyone’s situation is different and getting customized help from a licensed financial expert is probably a good idea.   (more…)

Have you saved enough for your down payment?

Friday, October 23rd, 2020
A stock photo of a couple holding a new set of keys.

How much should a down payment be for a used car? 

Third Coast Auto Group specializes in connecting people with the most reliable vehicle that can fit their budget. Buying a vehicle cannot be a spontaneous purchase. Responsible buyers need to factor in their monthly budget for housing, food and other required expenses, in addition to making sure they can afford their monthly car payments and keep up with maintenance. If you’re currently working through this process, you might also be wondering, ‘How much should a down payment be for a used car?’ After speaking with the financial team at a few Third Coast Auto Group locations and doing a little bit of poking around online, the consensus is that people should put down as much as they can afford. Let’s take a look at some things you should know.  (more…)

Where can I get a car loan for bad or no credit around Texas?

Friday, July 31st, 2020
Loan approved on computer screen

Bad/No Credit Car Loans at Third Coast Auto

A car is a major purchase that puts a significant dent in the budget for most customers. This typically requires you to finance a car, with loan payments spread out over multiple years. Unfortunately, car buyers with bad or no credit may struggle to find a dealership or lending institution that will offer a car loan.

Here at Third Coast Autos, we take the opposite approach. We take great pride in enabling car buyers throughout Texas to get behind the wheel of one of our high-quality used cars.

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What is a competitive lessee?

Tuesday, February 25th, 2020
A woman gazes on a good credit report of 765.

Definition of a Well-Qualified Buyer

If you’re looking to buy a vehicle, perusing pages and pages of loan and lease offers, you’ve likely come across the terms “competitive lessee” and “well-qualified buyer.” Many offers from OEM dealers are only applicable to such individuals.

Unfortunately, the designation is often left frustratingly vague. So what exactly does it mean to be a well-qualified lessee?

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Where can I get a work truck for cheap in Austin, TX?

Monday, October 28th, 2019
Construction worker holding a helmet

Third Coast Auto has a Huge Selection of Cheap Trucks in Austin, TX

Work vehicles get beat up. It’s inevitable. Eventually they get so beat up that they can barely continue to serve their purpose. Good news. You don’t have to keep your truck that’s falling apart just because a replacement would be too expensive.

You can get a work truck for cheap in Austin, TX from Third Coast Auto. (more…)

Where can I buy a truck with no credit in Austin, TX?

Wednesday, August 21st, 2019
Red Chevrolet Colorado drives up a road amidst mountains, towing a trailer carrying motorbikes.

How to Buy a Truck with No Credit in Austin, TX

Sometimes, you might decide that buying a truck is the best path for your life. You might need it for work, recreation, or daily transport. Having the right vehicle can certainly help a person move in the right direction (both figuratively and literally) in their life.

Unfortunately, people may be held back from their truck-obtaining goal by their credit situation. They may have low, bad, or nonexistent credit. Is there any way to purchase a truck without involving one’s credit score or history in Austin, Texas? (more…)

Does Buy Here, Pay Here go on your credit?

Thursday, July 18th, 2019
Man looks at a computer screen and ponders his financial situation.

BHPH Loan Impact on Credit Score

If you have poor credit or no credit, it can be tough to secure financing for a vehicle. But the problem is, getting a vehicle is often essential to improve or maintain one’s financial situation. In these instances, Buy Here, Pay Here dealerships can help in that they will work with customers to find a financing solution that works. These dealerships are unique in that they’re willing to work with buyers of all credit levels.

However, customers often wonder if working with Buy Here, Pay Here financing will impact their credit score, whether positively or negatively. So, does Buy Here, Pay Here go on your credit? (more…)