Author Archive: Steve Cypher
Cheapest Holiday New Car Deals in 2015

Borrowers with bad credit would do well to choose one of these affordable cars – vehicles that are also fuel efficient and inexpensive to insure – if they’re buying new. Opting for the shortest loan term possible, once they’ve reestablished their credit they’ll be in a much better position for their next loan.

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Still Room for Subprime Auto Loan Growth

The latest forecast from TransUnion predicts more growth in the subprime car loan sector – good news for credit-challenged car buyers. At the same time, these borrowers need to be aware their credit situation, have a down payment, pick an affordable vehicle and choose the shortest loan term possible in order to give themselves the best chance of success.

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Is It Time to Trade in Your Car?

December is typically a good time to buy a new car since manufacturers are set on attaining their year-end sales goals. Buyers with a trade-in could also benefit from higher than normal used car values, so it looks like this month might be a good time to trade in that old ride on a new one.

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Avoiding Holiday Car Theft

By following these tips from H.E.A.T., car owners should have a much better chance of keeping the holidays bright.

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Overstating Income with Problem Credit

Be especially careful when filling out a credit application, making sure all the information entered – especially income – is accurate. If a dealer advises overstating income, the best thing to do is to walk away from the deal and the dealer.

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Reliable Cars for Credit Challenged Buyers

Before choosing a small car, credit-challenged borrowers might want to check out the latest “best and worst” list from Consumer Reports.

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Simple Interest Explained

There are a number of advantages to simple interest loans, not the least of which is the ability to pay one off sooner and reduce the interest charges without any penalty. The downside, however, is that additional interest charges and penalties can add up quickly if payments aren’t made on time – especially during the first half of the loan.

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