Hyundai and Cisco pair together for Safer Technology

Hyundai has officially partnered with the American Tech Company Cisco in an effort to accelerate the development of connected car technology.   The two companies will work together to establish Hyundai’s next generation of in vehicle networks, which will help further efforts in car technology.  The two companies will work together to establish Hyundai’s next generation of in vehicle networks, which will help further efforts in car connected technology and lead to the creation of safer, high quality car, trucks, and SUV

“Future connected cars will open new innovations in quality, safety, and security, as never before. By expanding time and space, more safety will be guaranteed for our customers. Hyundai Motor will provide new values that go beyond our customers’ expectations in safety, quality and security through cooperating with Cisco. This collaboration will be a chance to bring closer the Hyundai Motor-led future of connected cars and shift paradigms of new mobility,” said Euisun Chung, Vice Chairman of Hyundai Motor.

Hyundai and Cisco will begin their partnership by developing the aforementioned in-vehicle networks, which will lead to a faster transmission of data within the car and improve communication between the subsystems in the vehicle. The two companies will also create a simulation testing environment, providing them with the opportunity to analyze the flow of data and evaluate new car connected technologies.

Car loan based on income and credit score and debt

There is a difference between what you are wiling to pay and what you can afford to pay on a car loan.  This is also based not only on your credit score but also your debt.

The main things that lenders look at is not just score but your debt or what the amount of bills you are paying each month

Many people, especially those with bad credit, may be willing to pay a large amount each month but lenders will only approve loans based on what borrowers can afford to pay.

The main thing lenders look at is your debt to income ratio (DTI), the percentage of your monthly gross income that does towards paying debts or bills.

Lenders like to see a DTI ratio of less than 40%  which means if you bring in $5000 of income each month, your debt payments should be no more than $2000.

Debt includes any installment loans such as car payments, student loans, rent and credit  card payments.

In general here is how lenders view your DTI ratio:

36% or less – This is the ideal debt load for most consumers

37% to 42%  Borderline High

43%-49% Financial problems likely to occur unless debt is reduced

50% or higher –  Dangerous debt level.  High risk to lenders

 

If you have an excellent credit score and decent level of disposable income then your DTI ratio really won’t matter.

On the other hand, if your credit is not that great and you have a lot of debt, the bank will let you know what kind of payment you will qualify for.

 

 

 

 

Second Chance Finance Loans At Amato Hyundai Milwaukee

If you have bad credit and in need of a vehicle you have come to the right place of John Amato Hyundai Superstore Milwaukee.  We have helped thousands of bad credit auto loan applications to get reestablished with their credit while driving reliable automobiles.

The process is easy thanks to our internet process.  You can start by filling out our Credit score application that allows you to see your credit score for free.  Unlike guaranteed auto financing dealers, our bad credit car dealer network offers second chance auto loans that originate with lenders that report your payment history to all the credit bureaus allowing you to reestablish you credit score.  We also have in house financing.  This means we own our own finance company and we report to the credit bureau

 

John Amato Hyundai In House Finance Company

In house financing is a loan that you take out , which consists of a down payment plus a fixed number of loan payments.  The loan payments are due ever other week and are usually made in person or online thru our payment website.   You would be financing a car from us, in which we own and if you fall behind on your monthly payments it is us that you will talk to regarding payment arrangements.

In addition, if you are unable to continue to make the payments, John Amato Hyundai Superstore will repossess the car. Our In House Finance Company  only finances used cars.

The advantage of In House Financing

The vehicles are usually less expensive.  Many people prefer to make their payments on a biweekly basis.  Our In House Finance Company reports to the credit bureaus.  These vehicles are stepping stones to re establish your credit.  They are put thru a multi point inspection and come with a warranty to give you peace of mind while you own that vehicle.

 

Bad Credit Auto Loans provided by John Amato Hyundai Milwaukee

Bad credit auto loans, sometimes called second chance car loans ore available thru a franchise car dealer.  The vehicle that you are financing can be either a new or preowned vehicle.   Although the dealer sells you the car, the finance contract is from the lender.  There is normally a down payment plus a fixed number of loan payments.  the loan payment is made to the lender once a month, either by mail or electronic debit from your account.  The lender holds the finance contract to your vehicle.  If you have any issues of payment or non payment you must discuss that with them, not the dealer.  All of these lenders will also report to your credit bureaus.

 

The advantage of Second Chance Car Loans

Reporting your payment history to the credit bureaus is important if you are trying to reestablish your credit and eventually re enter the prime loan market.  The selection of vehicles from the dealer is greater.  The vehicles are generally either new or low mileage used cars.  Loan terms start around 24 months and can extend to as many as 75 months depending on the vehicle and the lender requirements.  .  Not all dealers offer this service or level of experience and expertise in dealer special finance departments.  John Amato Hyundai Superstore Milwaukee has been specializing in this since 1980.  Even though your interest rate might be higher this is the step  you need to take to re establish your credit worthiness.  Nothing raises your credit score as quickly as an auto loan

 

2017 Hyundai Veloster arriving at John Amato Hyundai Milwaukee

Coming to Hyundai Showrooms in spring the 2017 Hyundai Veloster is one of the best affordable sporty vehicles with unique looks and great features.

 

2017 Veloster and Veloster Turbo Exterior Changes

The exterior of the vehicle will have some major design changes.  Starting ant the front grill and redesign of the headlights.  The rear of the vehicle will have a change to the review design and the tail lights will get sharper.  There is also going to be better cameras for the rear view and sensors.  They are aiming to have the vehicle look more muscular and classy.

2017 Veloster and Veloster Turbo Interior Changes

The Interior  changes will be more classy and more use of the leather upholstery.  There is also going to be adequate utilization of the interior cabin space.  A new multimedia device is expected to be a part of the vehicle  .  Along with new features providing the latest technology facets for the consumer.

2017 Veloster and Veloster Turbo Specs

It is expected that i will  have a 2.0 Liter Turbo Engine with direct injection system .  There will also be a 1.6 liter 4 Cylinder available.

 

Benefits of using your Bluetooth

Using your phone hands free or bluetooth is beneficial for you as a driver because it allows you to keep your hands on the wheel while eliminating distractions.  Here at John Amato Hyundai Superstore, Milwaukee, we have a variety of vehicles that offer Bluetooth technology to give you this amenity.  Below are some listed perks of hands free calling

 

Simple

Using Bluetooth is simple.  The system in the vehicle  connects with your phone.  You simply need to pair your cell phone with the vehicle.  There are no wires to fuss with.  Just pair your phone and when on Bluetooth it will automatically connect your phone and your vehicle.

 

Remove Distractions

With using Bluetooth you limit your distractions.  You are able to use your voice to send and receive phone calls.  This allows you to keep  your eyes on the road and your hands on the wheel at all times.  If you wish to make a call, you simply use your vice to tell the phone what you want to do.

 

Versatility 

The Bluetooth will store your contacts, so all you have to do is tell you phone to call a certain person and it will use your contacts to do it.  There ar buttons on the steering wheel that allow you to access the Bluetooth when you need to do so.  If you prefer you can also use different languages

 

 

 

2013 Mercedes Benz C Class C300

Spring Is Coming.  See yourself Driving this 2013 Mercedes Benz  C Class C300 At John Amato Hyundai Superstore Milwaukee

 

**CLEAN CARFAX** and **ONE OWNER**. 4MATIC®, 4-Way Power Driver Lumbar Support, Alloy wheels, AM/FM radio, Automatic temperature control, CD player, Driver’s Seat Memory & Power Steering Column, Emergency communication system, Front dual zone A/C, Fully automatic headlights, harman/kardon® Logic 7® Surround/SIRIUS, Heated door mirrors, Heated Front Seats, Low tire pressure warning, Navigation System, Power moonroof, Power windows, Radio: In-Dash 6-Disc DVD/CD Changer, Rear-View Camera, Remote keyless entry, Security system, Split Folding Rear Seats, Steering wheel mounted audio controls, Turn signal indicator mirrors, and Voice Control. This is a Warranty Forever Certified vehicle which means it gets a $0 deductible warranty for as long as you own the car at absolutely no cost to you..

The C-Class makes luxury attainable. This terrific Mercedes-Benz is one of the most sought after used vehicles on the market because it NEVER lets owners down. It is nicely equipped with features such as **CLEAN CARFAX**, **ONE OWNER**, 4MATIC®, 4-Way Power Driver Lumbar Support, Alloy wheels, AM/FM radio, Automatic temperature control, CD player, Driver’s Seat Memory & Power Steering Column, Emergency communication system, Front dual zone A/C, Fully automatic headlights, harman/kardon® Logic 7® Surround/SIRIUS, Heated door mirrors, Heated Front Seats, Low tire pressure warning, Navigation System, Power moonroof, Power windows, Radio: In-Dash 6-Disc DVD/CD Changer, Rear-View Camera, Remote keyless entry, Security system, Split Folding Rear Seats, Steering wheel mounted audio controls, Turn signal indicator mirrors, and Voice Control. Award-winning safety.

Why buy from Amato? The John Amato Automotive Group Philosophy: “We don’t just want to sell you a car, but also your 2nd, 3rd, and 4th.

How to use your Auto Loan to Rebuild your Credit

For most people, credit problems start because of unpreventable hardship.  And we understand that establishing credit can be challenging.  Life can be difficult, but purchasing a vehicle should not.  At John Amato Hyundai Superstore, we finance your future not your past.  We try and take the stress and embarrassment out purchasing a vehicle and get you back on track with your credit with an auto loan.

The type of auto loan that you qualify for depends on your current financial situation including your credit.  Don’t just assume that because you have poor credit that your options are limited.  At John Amato Hyundai Superstore in Milwaukee we work with 30 different lenders.  These lenders are prime, subprime and we have the benefit of In-house financing that means we own our own bank and we do report to your credit bureau.

Whatever you choose to do , do not borrow more than you can afford. Your monthly payment should fit your financial reality.   So while you may want a certain vehicle with specific features, remember that your vehicle is your collateral on that car loan.  So if you can not pay the car payment , you will lose your car and further damage your credit.

The lower your FICO score, the less money will be lent to begin with.  This is a process to rebuild your score.  You have to start small and build your way back up.  So if you are presented with a reliable car to start out with a payment you can afford.  Take that opportunity to take the steps, make the payments on time, and when you have established yourself again , the next vehicle purchase will become easier to get that vehicle that you wanted.

Repaying your loan on time, for at least nine months to a year, will increase your FICO score.  But you also have to pay all of your other bills on time also.  Have the right mix of credit, and not too much debt.

So if you find yourself in need of a vehicle and you are worried about how to rebuild your credit.  Come to John Amato Hyundai Superstore in Milwaukee and let us assist you in the path of establishing and re-establishing your credit

www.johnamatohyundai.com

2016 Hyundai Sonata Trim Levels And Packages

The Hyundai Sonata is known to be spacious and fuel efficient.  It has beaten its competitors in America’s Best selling family sedans like the Toyota Camry, Honda Accord and even the Ford Fusion

The changes in the 2016 design includes some aluminium suspension components, which assists the handling and ride.  Emergency braking has been added to the forward collision warning system  A new 7 inch color touch screen audio system includes Android Auto interface.

Hyundai not only offers the hybrid sedan but also has added the new Plug in Hybrid, which is capable of traveling up to 24 miles on battery power alone.

Although the Hyundai Sonata is defined by the EPA as a large car, it is classified as midsize.  Considering that , the Sonata is one of the lighter vehicles in its class.  It was the first to adopt a line up with nothing but 4 cylinder engines.  Consumers have the choice of the base 185 horsepower, 2.4 liter or the turbocharged 245 horsepower 2.0.  Both come with a 6 speed automatic transmission that has smooth, quick shifts and manual controls.  If you opt for the Sport model, you also get the paddle shifters

Hyundai Sonata Lineup-

Sonata SE this vehicle comes with the 2.4 engine, cloth upholstery, 7- inch color touchscreen, satellite and HD radio, CD player, USB port, Andriod Auto, rear-view camera, Bluetooth with audio streaming ,and 16 inch alloy wheels.

Sonata Sport – this vehicle gives you a 10 way power driver seat, sportier interior and exterior trim.

Sonata Eco – this vehicle has the 1.6 liter turbocharged engine with a dual clutch transmission

Sonata Limited – this Limited has upgrades with leather seating surfaces, wood-grain interior trim, heated front and rear seats, dual zone automatic climate control, push-button start, sunroof, LED taillights, hands free trunk opener, and blind spot monitoring with rear cross traffic alert.

Sonata Sport 2.0- this vehicle features 2.0 liter turbo, paddle shifters, sport tuned suspension, dual pinion steering, flat-bottom steering wheel, bigger front brakes, hands free trunk opener, and 18 inch wheels.

Sonata Hybrid SE – this vehicle comes with proximity key entry/ push button start, dual zone automatic climate control, 5 inch touch screen, rear view camera, hands free trunk, LED tail-lamps, and 16 inch alloy wheels.

 

In addition to the line up .  The Hyundai Sonata has packages available for all SE, Sport, ECO, Limited, Sport 2.0 T and Limited 2.0T

Premium Package for  Sport

  • Blind Spot Detection (BSD) with Rear Cross Traffic Alert
  • Chrome exterior door handles with welcome light
  • Proximity Key entry with push button start
  • Hands- free smart trunk with auto open
  • Sport seats- leather bolster with cloth inserts
  • Leather – wrapped steering wheel  and shift knob
  • Heated front seats
  • Dual automatic temperature control
  • Floor console-mounted rear vents
  • Auto – down/up front passenger window

Tech Package for Sport 

  • Power tilt-and-slide sunroof
  • 8 inch navigation system
  • SiriusXM Travel Link
  • Dimension premium audio system
  • 4.2 inch Color LCD Multi-Info Display and Electoluminescent Gauges

Tech Package for Limited

  • Panoramic Sunroof
  • High-gloss exterior window surround
  • HID Xenon headlights
  • 4.2 inch Color LCD Multi-Info Display and Electroluminescent Gauges
  • 8 inch navigation system
  • SiriusXm Travel Link
  • Infinity premium audio system
  • Integrated Memory System for driver seat and outside mirrors
  • Ventilated front seats
  • Heated steering wheel
  • Rear side window sunshades
  • LED interior lights

Ultimate Package for Limited

  • Automatic Emergency Braking (AEB)
  • Lane Departure Warning (LDW)
  • Automatic High Beam Assist
  • Rear Parking Sensors
  • Smart Cruise Control with stop/start capability
  • Electronic Parking Brake (EPB) with Automatic Vehicle Hold

Stop in John Amato Hyundai Superstore. www.johnamatohyundai.com.  #1 in Wisconsin for New and Certified Preowned Hyundai

Used Hyundai Vehicles to Consider

If you are in the market for an affordable but highly rated used vehicle, you might want to consider purchasing a used Hyundai.  The following models are award winning.  They can also be purchased right around or below $15,000.

  • 2012 Hyundai Tucson – Top Safety Pick by  Insurance Institute for Highway Safety (IIHS)  This s a compact SVU that offers great maneuverability and great equipped interior .
  • 2012 Hyundai Veloster – This vehicle won the Brest New Design and Best New Sports Performance Car by the Automobile Journalist Association.  This vehicle has a unique design with quality materials and excellent craftsmanship
  • 2013 Hyundai Accent –  The Hyundai Accent won the Subcompact Car of the Year by Auto123.com   This is a great fuel economy vehicle.  Drivers love the Accent comfortable ride, and attractive cabin.  It comes with 47.5 cubic feet of cargo space that out does other subcompact vehicles
  • 2014 Hyundai Sonata –  The Sonata won the 5-Star Overall Crash Safety Rating from the National Highway Traffic Safety Administration, (NHTSA)  The Sonata has a strong engine that has bot a comfortable and sporty ride.
  • 2014 Hyundai Elantra –  The Elantra won Top Safety Pic and 5-Star Overall Crash Safety Rating from The National Highway Traffic Safety Administration ( NHTSA) The Elantra gets great gas mileage along with a roomy interior

So when looking for a Top Rated Used Hyundai, look no further than John Amato Hyundai Superstore Milwaukee.  #1 Certified Preowned Hyundai Dealer in the State of Wisconsin

Cosigner requirements for Auto Loan

When shopping for a vehicle, and you have bad credit, most times a cosigner will be needed in order to secure an auto loan.

When searching for a cosigner, some requirements must be met.

If you have bad or poor personal credit history, using a cosigner can significantly increase your chances of being approved for a new or used car loan.  The cosigner guarantees that you will meet your obligation of making your payments, on time to the lender.  Also the cosigner guarantees to pay the lender in the event that you cannot make your payments or in other words default on the terms of the auto loan contract.  Here is a list of general requirements for a cosigner

  • Creditworthiness of the Cosigner-

This is mostly obvious, but your cosigner must be wiling to actually sign the contract and pledge that he or she will pay the lender all amounts due on the loan, in the event that you do not.  Lenders do not accept verbal agreements on this.

The cosigner when being considered by the lender must have good or excellent credit rating.  Generally lenders require certain high credit scores.  People with higher credit scores are generally financially responsible and pay off their bills and obligations on time.  If you have bad credit, your cosigner needs to have good to great credit rating

  • Proof of your Cosigner’s Ability to Pay –

Your cosigner will more than likely have to provide evidence of their income, to cover the amount of the loan obligation, in the event you can not pay.  The bank may require proof of income of your cosigner like pay stubs.  If your cosigner is self employed the bank will more than likely ask for income tax returns .  If your cosigner can not show proof of income, the lender will deny the loan application

  • Stability in Employment and Residence – 

Many banks like to see stability in terms of employment and residence for your cosigner.  When looking at cosigners, banks like to see people that are wee established and that have roots in communities.  They view cosigners more favorably that have lived at one address for more than a few years and have worked at their present job for a relatively long period of time  There are certainly exceptions, potential lenders place value and weight in the stability of your cosigner when making a decision in regards to the loan application

 

Advantages of using a Cosigner for an Auto Loan 

When potential car buyers lack credit history, whether they are a student, first time driver or a customer with less than a steller track record in the financial aspects, arranging a cosigner on an auto loan makes sense.  There are several reasons to go with a cosigner and potential borrowers frequently seek out family members or friends to act in this role.  Many people with a solid job history and good credit will go out on a limb for those they trust and assist them by cosigning.

  • Better interest rates-  The main benefit of going with a cosigner for an auto loan is that any credit challenged driver will receive better interest rates by adding the cosigner then if they were able to get an auto loan on their own.  That is because lenders base interest rates on what kind of credit risk the borrower may be.
  • Building Credit over time –  When a first time driver or other unseasoned borrower pays their auto loan with a cosigner, they are building up credit that will assist them in the future.  Having a cosigner on a loan buys time for a borrower to pursue building a good credit history with credit cards, real estate investments, or anything else where prompt payments can boost a credit score.
  • Gaining from experience – The cosigner, as someone with good financial history, solid employment and good credit score is generally someone who is wise about the ways of the financial world.  This means that the cosigner can provide some good advice.

When looking at a cosigner and securing one.  Keep in mind that the cosigner become responsible for your loan payments if you do not make your payments on time

 

For any other questions feel free to contact John Amato Hyundai Superstore .

2013 Mercedes Benz GLK350 at Amato Hyundai Milwaukee

This 2013 Mercedes Benz GLK is the featured vehicle of the week at John Amato Hyundai Superstore Milwaukee.

**CLEAN CARFAX** and **ONE OWNER**. Leather Package (Ambient Lighting and Comfort Headrests), 4MATIC®, Pebble Gray, 19″ 5 Triple Spoke Wheels, Automatic temperature control, Emergency communication system, Front dual zone A/C, Front fog lights, Fully automatic headlights, harman/kardon® Sound System, Heated door mirrors, Heated Front Seats, Low tire pressure warning, Memory seat, Navigation System, Power driver seat, Power Liftgate, Power Tilt/Sliding Panorama Sunroof, Power windows, Radio: AM/FM CD w/MP3 Capability, Rear-View Camera, Remote keyless entry, Roof rack: rails only, Roof Spoiler, Security system, Steering wheel memory, Steering wheel mounted audio controls, and Turn signal indicator mirrors.

There are used SUVs, and then there are SUVs like this well-taken care of 2013 Mercedes-Benz GLK-Class. This luxury vehicle has it all, from a posh interior to a wealth of terrific features. If you want to drive with style, this is it. It is nicely equipped with features such as Leather Package (Ambient Lighting and Comfort Headrests), **CLEAN CARFAX**, **ONE OWNER**, 19″ 5 Triple Spoke Wheels, 4MATIC®, Automatic temperature control, Emergency communication system, Front dual zone A/C, Front fog lights, Fully automatic headlights, harman/kardon® Sound System, Heated door mirrors, Heated Front Seats, Low tire pressure warning, Memory seat, Navigation System, Pebble Gray, Power driver seat, Power Liftgate, Power Tilt/Sliding Panorama Sunroof, Power windows, Radio: AM/FM CD w/MP3 Capability, Rear-View Camera, Remote keyless entry, Roof rack: rails only, Roof Spoiler, Security system, Steering wheel memory, Steering wheel mounted audio controls, and Turn signal indicator mirrors. This great Mercedes-Benz is one of the most sought after used vehicles on the market because it NEVER lets owners down.

Why buy from Amato? The John Amato Automotive Group Philosophy: “We don’t just want to sell you a car, but also your 2nd, 3rd, and 4th. In fact, we’d like you to partner with us for life…and feel proud and confident to recommend Amato to your friends and family.”