Author Archive: Steve Cypher
Avoiding Unaffordable Cars with Problem Credit

The fact is that borrowers, especially those who are credit-challenged, should always maximize the down payment amount while keeping both the loan term and payment-to-income ratio to a minimum. By following these guidelines, buyers can avoid financing an unaffordable car.

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IIHS Recommends Safe Cars for Teen Drivers

Even 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.

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GM Unveils Educator Discount Program

Even if they quality, borrowers with iffy credit need to remember that they must follow certain guidelines set by the lender. In this instance it means that once the lender has determined their vehicle budget and interest rate, it’s up to the dealership to show them the cars that fit within those requirements.

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Ten Cheapest New Cars for July 2014

In some cases credit-challenged buyers may be given the option of financing a new car. Given this option, choosing a vehicle from this list of affordable new cars will enable these consumers to enjoy the benefits of a comprehensive new car warranty while keeping the payments within their budgets

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Manheim Reports Rise in Used Car Prices

Lacking a crystal ball, it’s difficult to determine the right time to buy a used car. And while used car prices may moderate this fall, there’s always the chance that, despite the availability of loans, interest rates could rise. In other words, holding off for a better price could be offset by an increase in interest rates.

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Buying Certified Used Cars with Poor Credit

CPO vehicles offer a number of advantages over those that aren’t certified. Just be sure paying the extra money for one makes sense.

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Three More States Help Problem Credit Car Buyers

Even with the rise in new car sales to consumers with bad credit, the majority of subprime car loans are still secured by a used car. This means that the latest announcement from the Department of Justice should be especially good news for credit-challenged car buyers, as it gives these purchasers another tool to prevent them from becoming a victim of fraud.

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