There is a term in the finance world called being ‘underwater’ on your loan. This is, quite simply, owing more on the vehicle loan than the car is worth. This can happen when you put little or no down payment on the vehicle when you purchase it, or you have rolled a previous loan into the current one. Now you are in a position where you need a new car, and aren’t sure you will able to afford it.
If car manufacturer’s ever stopped offering leather interiors, would this luxurious and expensive material be missed in the automotive world? Or, would consumers be content with fabric and fabric alone? PETA and the world wants to know.
When buying a new car, you’re going to want to get the best vehicle and the best deal possible. You’re planning to spend a substantial amount of money, so make sure you’re making a purchase that you will continue to feel good about for years to come.
Both of these vehicles not only represent a good value but also have a starting MSRP of under $18,000 – a fact of particular importance to borrowers with bad credit.
Not all borrowers with problem credit will be given the option of financing a new car, but if they are and it’s through one of the franchises listed above, they probably wouldn’t go wrong choosing any one of these “cool” cars.
The expanded Military Discount Program from General Motors that runs through June 30th offers an opportunity for even more active, reserve, retired and veteran military with credit issues to save even more money on a new car while reducing the overall interest expenses of a subprime car loan. But in order to take advantage of the program, these borrowers must first qualify for a new car at a participating GM dealer that also specializes in problem credit car loans.
In-car connectivity is the latest thing and even consumers with less than perfect credit who are looking for these features can choose from the six entry-level models we picked out based on the latest list from Kelley Blue Book.