In many cases, lenders require a down payment in order to approve somebody with damaged credit for a car loan. And not having one can be a problem.

There's a process to follow if you need to buy a car in the middle of a Chapter 13 bankruptcy. You need to get the court's approval in order to take on such a major purchase, but it's often possible if you follow these steps.

If a leasing company allows it, you can lease a car for a year, but this option isn't generally available. Auto leases are short, but they usually last either 24 or 36 months, or two or three years. While some leases are for longer terms, it's rare to see an offer for as short as 12 months.

Finance managers at car dealerships sometimes refer to it as part of fully protecting an auto loan when they speak with borrowers including those with damaged credit. That description is fairly accurate and before making a decision consumers should have a basic understanding of how credit disability insurance works.

It may sound like a vicious cycle: you can't get approved for an auto loan without credit, and you can't establish credit without getting approved. Here are some tips for how to buy a car with no credit history.

You've noticed that there are some great lease deals out there, so you're thinking that you might want to try leasing your next car. But you're wondering just how good your credit needs to be in order to qualify for a lease contract. And while there is a general guideline, it really comes down to the individual discretion of each leasing company.

You don’t get your down payment back on a vehicle lease, and the only time car lease down payments are refundable is if you back out of the process and don’t sign the paperwork.

It's okay if you have multiple jobs, or your main job is part-time, but there are certain income requirements that you must meet in order to get approved for auto financing.

With each passing year, new technology and generational demand see people leaning toward a preference to pay for everything with credit cards. This is great because you can use them to purchase anything, including a car, and worry about paying later, right? Unfortunately, in most cases, the answer is no. Even though more and more dealers are accepting credit cards, it is often only for a small portion of your vehicle purchase, generally only up to $5,000.

A decade ago, leasing wasn’t an option for buyers with bad credit. But as the economy picked up following the great recession, more credit-challenged buyers have been offered the option of leasing a car. But once the lease is finished, what options do these buyers have?