When your car loan is coming to an end, many people opt to pay it off early—but what are the benefits of doing this, and are there any disadvantages?
Continue ReadingWhen your car loan is coming to an end, many people opt to pay it off early—but what are the benefits of doing this, and are there any disadvantages?
Continue ReadingA vehicle repossession can be a big setback in life, but you may be able to recover from it over a period of time. Many lenders are willing to approve individuals with damaged credit, and your chances could be improved by following specific steps.
Continue ReadingSubprime lenders—those willing to approve applicants with poor credit—emphasize many other factors beyond your credit when making loan decisions. Your income is one of the biggest determining factors in whether or not you qualify.
Continue ReadingIt's tempting to stretch your car loan to the max, but it also means paying more over time. Here's how much your loan term can impact the cost of vehicle financing.
Continue ReadingYou need to have full coverage auto insurance on a financed car. Not having it is a violation of your loan contract, and could lead to these consequences.
Continue ReadingWhen you have bad credit, a down payment is nearly always required when taking out a car loan, even with tote the note and buy here pay here dealerships.
Continue ReadingIf you have two jobs, you can combine the income from each provided the lender allows it. Keep in mind that a second job may only be considered depending on how long you've had it. Other lenders want you to meet the minimum income requirement with the income from one job.
Continue ReadingConsumers responsible for making child support payments as well as those who depend on this type of income should know how these situations, especially if they have poor credit, could impact their chances of an auto loan approval.
Continue ReadingIf you have credit issues and need a vehicle, its age and mileage, among other things, is important to lenders. This means you probably won't be able to finance an older model with very high miles.
Continue ReadingBuy-here-pay-here (BHPH) dealerships tend to get a lot of bad press, but you won't necessarily have a negative experience if you purchase a vehicle from one of them.
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