Although no one can predict what a particular credit-challenged individual’s car loan interest rate will be before their application is reviewed by both a dealership special finance manager and lender, the information from LendingTree can serve as a rough guide as to what they might be able to expect.
Car buyers, especially those with questionable credit, are particularly susceptible to yo-yo financing schemes in which a dealer will sign them to a conditional contract and, once they’ve taken possession of a vehicle, call them back to re-sign another contract with less favorable terms.
Learning how to manage your money is a skill you need in order to achieve financial stability. There are ways a good budget can help you get a car loan, even if you have bad credit.
Subprime lenders are continuing to increase their loan portfolios, but with the number of applicants at an all-time high, they can continue to be choosy about approvals.
The legendary detective, Sherlock Holmes seems to be capable of just about anything, but could he be approved for a reasonable auto loan? Because he is self-employed, the great Mr. Holmes of Baker Street might be wondering the same thing.
Typically, leased vehicles aren’t worth more than their residual value at the end of a lease. Consumers nearing the end of a lease, however, should first check their vehicle’s value before turning it in; otherwise, they could be leaving money on the table.
Staying informed is an important piece of buying a car, and the following myths will show you why you shouldn’t take “expert theories” at face value.