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Michael Smith


Articles Posted By Michael


Can I use a Credit Card for a Down Payment on a Car? Can I use a Credit Card for a Down Payment on a Car?

Credit cards can be a blessing. They give you the ability to make large purchases without having to prepare a fund in advance, as well as get through emergencies. If a dealership allows you to, you may be able to charge a down payment to a credit card. But, will you be able to afford the monthly credit card payments in addition to the expenses that will come with ownership? That credit card can end up being a curse.

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Why Doesn't Buying a Car in Cash Help Me? Why Doesn't Buying a Car in Cash Help Me?

Walter's issue was whether to get a car loan or just pay for a lower priced used car in full. He was weary of getting roped into another loan after his credit issues a few years earlier, and had steered clear of any new credit since then. He hadn't really needed it, and had been getting very mixed advice on what he should do next. One friend of his was suggesting that he buy a car in cash outright, while another was recommending a return to the world of credit, which was something Walter wasn't exactly looking forward to. Auto Credit Express was able to help him in his choice.

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I Am Recently Divorced. Why Can't I Get a Car? I Am Recently Divorced. Why Can't I Get a Car?

According to a 2013 study by the Bureau of Labor Statistics, both parents work in 59.1% of married couples families with children. When you take that into consideration, this suggests that when couples split up, both sides are likely to take a significant financial hit to their income and credit. When you go from a two income family to one single income, there are a few things that can negatively affect your chances for getting auto loan approval.

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Why Can't I Get the Car I Want? Why Can't I Get the Car I Want?

Selecting a vehicle to purchase takes time and research. And when you have finally found the vehicle that meets all of your needs, it can be very disappointing when you find out that your credit rating keeps you from getting what you want. So, when you are dealing with damaged credit, it is in your best interest to find the dealer who can handle your unique credit situation first, and find out what you can afford for your monthly payment. Once you know what vehicles you qualify for, you will have a clearer idea of what you can choose from.

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