The process began with a group of 23 vehicles including three minivans, four compact SUVs, four mid-size SUVs, two full-size SUVs, two full-size sedans, three mid-size sedans and two full-size pickup trucks. There also were three compact cars which Nerad describes as “often the first choice for anyone on a budget.”
If you’re thinking of buying a car while still in possession of a vehicle that has cash value, you can either sell that vehicle or trade it in to a dealership. Which is the better option? Trading in will probably save you a significant amount of time and effort.
Having a cosigner can improve your loan approval chances, but if you either don’t have a cosigner or wish to avoid using one, there are other actions that you can take to ensure your success in acquiring auto loan financing. If you have time to improve your credit before buying the car, this will be beneficial both now and in the long term.
A Michigan State Senate bill to amend the 1917 Pawnbrokers Act is set to be voted on as soon as Tuesday. The change would add a loophole to the act that would allow pawnbrokers to charge a 20% monthly “usage fee.” If passed, this will allow consumers to borrow against their cars while continuing to drive them. Here’s why it won’t pass…
Refinancing your auto loan can be an option for those who have better credit than they did when they were first approved for their auto loan.
A quarter of adult Americans don’t fully understand the topic of bad credit, which means that there are 60.5 million who are either uninformed or not informed enough about how credit works.
With the practice of title washing on the rise, consumers, especially those with credit issues, should be careful where they shop when buying a used car. In addition to requesting a Carfax or some other brand of vehicle history report, car shoppers should have any vehicle they serious about buying inspected by a certified master mechanic as well as a body and frame specialist.