As Automotive Creditors Loosen Lending Restrictions, America Loses

Without being boastful, I’ve looked at thousands of credit bureaus in my 7+ years as a dealership manager. I’ve interviewed hundreds of people with less-than-perfect credit, and I can tell you that people with bad credit scores fall into one of the following categories: 1. The genuinely down-on-their-luck. Financial problems like the death of a […]

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Thumbprints on car loan contracts

Thumbprints To Buy Cars?! Absurd.

Thumbprints may help deter thieves, but the truth is that dealers and lenders have more than enough information to stop false vehicle purchases. The problem is that a lot of dealerships are so desperate for a sale they throw caution to the wind.

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7 Credit Crisis Bad Credit Car Buying Tips

If you’re like a lot of Americans, the current financial crisis has come as a bit of a surprise. While the government works out a plan to solve the credit problem, many consumers are finding it difficult (sometimes even impossible) to buy a car. It’s not that cars are too expensive – far from it […]

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Are You Co-Signed With An Ex-Boyfriend or Girlfriend?

I’ve come across the following scenario quite a few times: I’ve broken-up with my boyfriend-girlfriend, and my problem is I co-signed on a car for him/her. I’ve asked them to take my name off the loan and get the car under his/her own name. What should I do to avoid being taken advantage of? Is […]

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I’m About To Graduate College – Can I Get A Loan?

Here’s a good question from a young college student: I am graduating college soon and I would like to lease or purchase a new car. I have a credit score of about 640 and a cosigner who’s credit score is 730. I don’t have a job yet, but I have enough money saved to cover […]

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Should I Refinance My Auto Loan?

When it comes to refinancing your car, it’s important to realize that there are really only three good reasons to do so: 1) You can get a better interest rate. If you can get a rate at least 1 percent better (and preferably 3 or 4 percent better), go ahead and refinance your auto loan. […]

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Negative Equity Tips and Suggestions

If you’ve heard the words “negative equity” or “upside down,” there’s a pretty good chance that you’re trying to trade in your vehicle but you’ve been told that you owe more on your trade than it’s worth. There are a few things that cause you to be “upside down”: It might be that you’re trading […]

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5 Tips For Getting A Car Loan Fast

If you’re like most people, you don’t have a lot of time to futz around with getting a car loan. Luckily, there are quite a few things you can do to decrease the amount of time you’ll spend getting the loan you need. Regardless of your credit score or credit history, here are some tips […]

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Should I Take The Rebate Or The Interest Rate?

When shopping for a new car, a lot of times the question comes up: Should I take the big rebate, or should I take the special interest rate that’s being offered? The rebate is popular for sure – when you look at new car ads, you usually see the rebate advertised. In fact, manufacturers and […]

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