The latest information from Experian shows that the average car loan amount is at an all-time high. As a result, consumers are turning to longer-term auto loans to reduce the size of their monthly payments. This auto loan trend can be a dangerous habit for consumers with less than perfect credit. But, luckily, a down payment can help you buck that trend.
If you are a seasonal employee and have bad credit, getting approved for auto financing can be challenging. In fact, your success will largely depend on your income and the stability of your employment.
Car prices can be prohibitive, so many buyers purchase vehicles on credit to pay for the car over time. But because it is such as big expense, it’s important to do some prep work and make sure you understand your financing. Here are some important auto loan considerations you’ll want to think about.
Hyundai has good news for the brave men and women who serve to protect our country. From now through January 2, 2018, active or retired U.S. Military personnel and their spouses will receive $500 off eligible new Hyundai vehicles.
Buy-here-pay-here (BHPH) dealerships tend to get a lot of bad press, but you won’t necessarily have a negative experience if you purchase a vehicle from one of them.
If you want to trade in a vehicle with negative equity, you will have to deal with the difference between the car’s current value and what you still owe on the loan.
Self-employed car buyers with bad credit should be careful when filling out their tax returns. Claiming a lot of deductions may yield bigger savings, but it will also reduce the size of your reported income.