Author Archive: Steve Cypher
Getting a Car Loan with More Than One Job

If you have two jobs, you can combine the income on the application provided it is received on a regular basis and it can be proven with documentation such as paystubs or bank statements. But since not all subprime lenders will allow this type of income, applicants will need to explain this circumstance to the dealer during the initial interview.

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When a 72 Month Car Loan is Too Long

Borrowers with less than perfect credit should choose a more affordable new car rather than stretch the loan term on a more expensive vehicle to keep those monthly payments reasonable.

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How to Lower the Interest Charges of a Subprime Car Loan

Splitting payments can reduce the interest charges of a simple interest car loan, even for credit-challenged borrowers.

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Getting Approved with a Large Down Payment

For borrowers with bad credit, a very large down payment can often offset a number of other negatives, including income that cannot be garnished. But in addition to exceeding the down payment requirements, many subprime lenders will also look at a borrower’s stability, income and past credit habits before approving the application.

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GM Expands Military Discount Program

The expanded Military Discount Program from General Motors that runs through June 30th offers an opportunity for even more active, reserve, retired and veteran military with credit issues to save even more money on a new car while reducing the overall interest expenses of a subprime car loan. But in order to take advantage of the program, these borrowers must first qualify for a new car at a participating GM dealer that also specializes in problem credit car loans.

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Affordable High Tech Cars for Credit-Challenged Buyers

In-car connectivity is the latest thing and even consumers with less than perfect credit who are looking for these features can choose from the six entry-level models we picked out based on the latest list from Kelley Blue Book.

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Low Tech Cars for Bad Credit Buyers

In-car connectivity may be the latest thing, but there are still drivers out there who either don’t need or don’t want these features in a new car. Borrowers with less than perfect credit who feel this way can choose from the three entry-level models we picked out based on the latest list from Edmunds.com.

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