Category: Buying/Selling Tips
Having a poor credit history can be a big hurdle in your way of leasing a car or getting a car loan. Buying or leasing a car with poor credit is extremely difficult no matter if you have a stable job history and income. A history of late payments, huge debt, bankruptcy or repossession are signals to the lender that you can default on your loan repayments and lenders may choose to avoid the costly process of repossessing your car.
Car financing is so common that people hardly think of buying a car with cash. Even dealers encourage car loans and have attractive auto loan schemes obviously because they earn commission or rewards when you take a loan on their recommendation. However, they are not very excited when you wish to buy a car with your cash. But it’s a beneficial option for you since you don’t have to pay additional money other than the car’s price and won’t have a financial burden. Here are a few practical tips when you consider buying a car with cash.