Do you need a driver’s license to buy a car? The short answer is that in most cases you don’t, but unless you pay cash you won’t be able to get it on the road.
If you have poor credit and need a vehicle, you might be considering buying one from a private seller. But not only is this difficult, it might not even be a good idea.
If 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.
May is National Military Appreciation Month and military personnel on active duty, even those with credit issues, can sometimes take advantage of special military discounts, offered by many car manufacturers, which can make a new car more affordable.
We slice and dice Consumer Reports Top Picks for 2017 to come up with two affordable vehicles for credit-challenged buyers.
Car buyers with good credit can buy a vehicle from practically any seller they want, but if you have bad credit, getting financed for a private party loan, or any place other than a licensed dealer, can be very difficult.
According to recent data from TransUnion, longer term loans can pose a high risk for subprime borrowers.