Bad Credit Channel

Typically, rent-to-own car dealers will allow you to visit the lot to pick out a car you like and then make a down payment. Once the car is in your hands you will make rental payments on the car and each payment will be applied to the purchase of the car. When you make the last payment, the car is yours. These programs are very flexible and can approve virtually all applicants.

Most rent to own car programs will require the following:

Continue reading How Rent to Own Car Programs Work

I’m happy to announce that we are adding a new source that should help our visitors identify and secure bad credit car financing in the United States (and Canada in some cases). The site is called Auto Loan ATM. They contract with a network of lenders and dealers that specialize in challenged credit situations.

Like the sites we’ve previously recommended, Auto Loan ATM will distribute the loan application you submit to lenders who fit the appropriate credit guidelines.

Continue reading New Source for Bad Credit Car Loans

Did you know that the FTC’s Used Car Rule requires car dealers to post a “Buyers Guide” in every used car they offer for sale to the public? The Buyers Guide should provide a great deal of information including the following key pieces of information:

* if the car is being sold “as is” or with a warranty
* what the dealer will pay under a warrancy in repair costs (as %)
* a reminder of how difficult it is to enformce verbal promises and so called “verbal contracts”
* a description of the mechanical and electrical systems of the car being sold — including any major problems with the car

Continue reading Buying a Used Car