A recent Experian Automotive credit trends study compared vehicle history to loan performance. Here is what it found
Continue ReadingA recent Experian Automotive credit trends study compared vehicle history to loan performance. Here is what it found
Continue ReadingWith the cost of new vehicles rising every year, most credit-challenged individuals that fill out a bad credit car loan application and get approved will decide that it is much more affordable to raise their credit scores and reestablish their auto credit with a 2 or 3-year-old pre-owned vehicle.
Continue ReadingThe good news is that, on average, wholesale prices for compact cars dropped 1.1 percent in December. Manheim explains that the reason for this price drop was consumers moving to CUVs and mid-sized cars.
Continue ReadingPicking the right kind of vehicle is one of the most important steps in reestablishing your auto credit once you've received a car loan approval.
Continue ReadingIt is very difficult getting approved for a car loan on a 10-year-old vehicle with more than 100,000 miles, especially if the buyer has bad credit. Although an older car with higher miles might seem affordable, subprime lenders perceive these vehicles as high risks for breaking down (a real issue especially for a high-performance car like a WRX STI).
Continue ReadingCar shoppers with less than perfect credit typically choose a used car when it's time to finance.
Continue ReadingJust yesterday Mazda announced that its certified used car program has been upgraded. The changes that were made could further help consumers with problem credit during an auto loan as this move increases the warranty coverage for Mazda used cars.
Continue ReadingEven if you don't have a teenager, it pays to buy the safest car you can afford – whether your credit is great or less than perfect. Tin this instance, the new report from the IIHS can go a long way to steering you towards the right vehicle.
Continue ReadingWhile changes to its certified used car program aren't as far reaching or comprehensive as those from either Chrysler or Volkswagen, it does mean that even consumers with poor credit that have been approved for an auto loan can browse Ford dealer lots with greater confidence.
Continue ReadingIt has been shown that car buyers with questionable credit are especially susceptible to being sold a used car with that has suffered water damage of some kind.
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