Car buyers, especially those with blemished credit, should never confuse price with cost. The price is what you pay for a car, while the cost includes all the expenses involved over the course of ownership.
With used car prices projected to drop over the coming months, now might be a good time to consider applying for a car loan.
The Castrol Protection Plus program can give used car buyers additional peace of mind. Buyers with credit issues, however, should keep in mind that it’s not available at all dealerships, oil changes will be more expensive, and it doesn’t take the place of a certified used car warranty or used car service contract.
Even if you don’t have a teenager, it pays to buy the safest car you can afford – whether your credit is great or less than perfect. Tin this instance, the new report from the IIHS can go a long way to steering you towards the right vehicle.
Lacking a crystal ball, it’s difficult to determine the right time to buy a used car. And while used car prices may moderate this fall, there’s always the chance that, despite the availability of loans, interest rates could rise. In other words, holding off for a better price could be offset by an increase in interest rates.
CPO vehicles offer a number of advantages over those that aren’t certified. Just be sure paying the extra money for one makes sense.
Even with the rise in new car sales to consumers with bad credit, the majority of subprime car loans are still secured by a used car. This means that the latest announcement from the Department of Justice should be especially good news for credit-challenged car buyers, as it gives these purchasers another tool to prevent them from becoming a victim of fraud.