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.

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.

When buying a car, a big concern is how much the interest rate on their loan will be. And you typically don't find this out until you get the loan approved.

Scouring the web, looking to secure a bad credit auto loan? Beware of the predators lurking in the shadows of the web which may appear normal upon first glance.

You can gain a lot by having someone cosign on your loan, like being able to get approved for the car that will get you where you need to go. But, being a cosigner requires a sizable commitment.

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.

Bill purchased was a 2001 Volkswagen Golf for $1,500 from a private seller. Since he needed it fast, he made a couple of fatal mistakes when he bought it. First of all, he didn't get it inspected by a mechanic, and he borrowed the money he needed for it from a friend. The car ran like a dream when he bought it. However, about four months later, the engine died. The remaining year for Bill, quite frankly, was hell.

Sometimes, when you are in search of a dealer who can help you get the car you need, the dealership won't be in a location that is entirely convenient for you to get to yourself. While it may seem like it is a further distance, the time you will spend with a dealer who has less opportunities to help may cost you even more time than it would take to make the above mentioned trip. And if you are unable to drive out to a dealer yourself, or unable to find a friend or family member to give you a lift, there may be some alternatives for you.

Certified pre-owned vehicles have many advantages over new cars. They are more affordable to purchase and to insure when compared to their counterparts.

According to Experian Automotive, 27.6% of new car loans in the first half of 2014 ranged from 73 to 84 months. With these longer payment plans becoming a trend, people might begin to think that extended loans are a good idea since it reduces the monthly payment. But is a long loan term the best approach to getting a new car? Not really, and I'll tell you why.