Although there typically aren’t many of them available, executive-driven program cars offer a third viable option for credit-challenged borrowers wishing to finance a used car. Buyers should be sure to verify this with a vehicle history report as well as have any vehicle they’re considering buying inspected by an ASE Certified Master Mechanic as well as a frame specialist.
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?
In addition to being nearly as affordable due to lender programs and generally having fewer miles, newer used cars are less likely to be stolen and, if they are, more likely to be recovered than older model used cars.
Deciding to trade in or sell your vehicle may be a matter of preference but it can have an impact on your car buying process depending on how much you owe.
Credit-challenged borrowers should stay away from used cars with poor as the odds of paying for costly repairs on top of the monthly car payment increase for these vehicles.
Certified used cars come with a number of advantages, the most important of which is a manufacturer-backed used car warranty. Since AutoTrader has done much of the legwork, credit-challenged car buyers might do well picking out one of these three models, provided it fits within their budgets.