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Just yesterday Mazda announced that its certified used car program has been upgraded. The changes that were made could further help consumers with problem credit during an auto loan as this move increases the warranty coverage for Mazda used cars.
Borrowers with problem credit often have a choice when it comes to choosing the type of used car to finance. The reason for this is that in some cases even these buyers can pick either a regular used car or a certified used car.
While changes to its certified used car program aren’t as far reaching or comprehensive as those from either Chrysler or Volkswagen, it does mean that even consumers with poor credit that have been approved for an auto loan can browse Ford dealer lots with greater confidence.
Similar to the program Chrysler initiated early last year, select Volkswagen dealers can now offer problem credit car shoppers that need an auto loan the ability to pick out a certified used car from another brand.
Credit challenged car shoppers often have a choice when it comes to picking out which used car to finance. That’s because, in many cases, even buyers with poor credit who have received an approval for a car loan are given the choice of either a regular used car or a certified used car.
Although it doesn’t go as far as the recent enhancements that have been made to programs from both Chrysler and Volkswagen, recent changes to Ford’s certified used car program mean that even consumers with questionable credit can shop with greater confidence.
Much like a program Chrysler started in early 2012, Volkswagen is also jumping on the bandwagon by car shoppers a wider variety of certified used cars from other brands – a trend that we see as one that could help people needing problem credit auto loans.