Sometimes, a lender determines that your income and/or credit situation just isn’t enough to approve your auto loan application. But they may be willing to approve you if you get a cosigner. However, there are risks associated with using a cosigner, and it may be best to avoid the arrangement.
If you have credit issues and need a vehicle, its age and mileage, among other things, is important to lenders. This means you probably won’t be able to finance an older model with very high miles.
May is National Military Appreciation Month and military personnel on active duty, even those with credit issues, can sometimes take advantage of special military discounts, offered by many car manufacturers, which can make a new car more affordable.
Interested in a car loan? We go over all of the basic auto loan eligibility requirements that you will want to be aware of before applying.
The true cost of buying and owning a vehicle involves more than the price of the vehicle. There are several other costs of buying a car that you should factor into your budget. Get informed and then you can avoid being caught off-guard toward the end of the process. With this in mind, we’ve compiled a list of all the car-buying costs you will likely encounter.
You need to buy a car with an auto loan, and you know that you don’t have bad credit. In fact, you don’t really have a credit history at all. Will having no credit be a problem?
If you have bad credit and need an auto loan, getting approved can be difficult if you are paid in cash because subprime lenders require proof of income.