You need a vehicle to get the kids to and from school, soccer practice and dance recitals. But can you afford an SUV with a challenged financial situation?
Vehicle straw purchases are considered fraudulent and usually occur when a consumer with good credit purchases a new or used car for someone with poor credit who cannot qualify for an auto loan.
If you’re living with the Ghosts of Money Mistakes Past, Auto Credit Express may be able to help you exorcise those demons and move on to a bright financial future.
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.