The devil is NOT in the details, only your peace of mind (Not “piece” of mind. That’s for zombies) . . .
Used rental program cars offer a fourth option for credit-challenged buyers. Consumers should know the fair market value, take a test drive, review the vehicle history report as well as have the vehicle they’re buying inspected by an ASE Certified Master Mechanic as well as a frame specialist before signing on the dotted line.
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.