Bad Credit Car Loans in Washington

The Case for the Extended Warranty

While many manufacturers are offering longer warranty coverage on their vehicles, the debate about buying an extended service contract when purchasing a used car has resurfaced.

At Washington Auto Credit we suggest using common sense when buying a car.  We help people find vehicles that will fit their budget rather than trying to make your budget fit a vehicle that is just too expensive.  The purpose of one of these loans is to re-establish your credit, and we are dedicated to helping you reach that goal.  During the buying process, you’ll have the opportunity to consider a few dealer “add-ons”. These extras can range from window etching and undercoating to paint protection and extended service contracts.  While many of these items may not provide a huge benefit, you might want to take a closer look at the service contract – also called an extended warranty.

Why Should I Get an Extended Warranty?

When you take out a high risk loan, you are paying more in interest, than you would if you had perfect credit. For that reason, a bad credit loan payment will usually tie up more of your monthly budget. This doesn’t leave much wiggle room for unexpected expenses. The idea behind an estended warranty is the same as insurance – to spread out the risk into affordable monthly payments instead of one large, catastrophic one. It’s much easier to budget for a small monthly expense than for the unexpected hardship of a major breakdown.

The Bottom Line

If you are about to buy a car with a bad credit car loan, it is important to consider a used car warranty. Ideally, opt for the maximum term available, up to the length of your finance contract.

As far as applying for a car loan, for years, Washington Auto Credit has been helping people with credit problems get approved for new and used car loans. We work with the leading subprime lenders to get you approved. Once you’re approved, you are on your way to rebuilding your credit score and a brighter financial future.

I’ve talked with a few clients in the last month who bought vehicles from a dealer who went out of business shortly after the sale.  This used car lot was new in town and attracted these clients with the image of a good deal.  “[The new guy] had some good deals and was easy to work with… [sort of]“.

This fly-by-night dealer has never paid for the vehicles sold, therefore never had the titles to transfer to the buyers.  This dealer has now filed for bankruptcy and will never pay the previous owners leaving them with the titles and more than just my two clients with the vehicles that may never be theirs.

Both of these customers are making monthly payments on cars for which they may never be able to get the titles.  Many others have paid in full for their cars and can’t get titles.  All of them cars that were never the dealer’s to sell in the first place.

On top of not having titles these folks are left without a dealer to which they feel comfortable going back next time they need a car.

At Washington Auto Credit we only use large dealers who have been in business for many years. We choose our dealers wisely based on stability, business practices, and inventory.  Not only will we help you get approved for the best loan you can, we will also be sure you have a friendly dealer to come back to and that you are buying a car that you will actually own.

GAP has saved thousands of Americans Millions of dollars, but what is GAP and how does Gap Coverage Work?

Check out this commercial. It is like the unrated version of the one that really made it on the air where we live.

A profitable quarter? Quality equal to Toyota? Ford’s turnaround plan is working.

Also called being “upside down”, having negative equity in your trade in is not a position most people want to be in. There has been an influx of customers with poor credit trying to buy vehicles lately. That is great for us because we help people with bad credit buy cars. The problem is how many people with bad credit want to trade in their current car (that they owe way too much money on), and lower their payment.

I just saw on the news last night that Washington State has been toying with the idea of charging drivers for each mile they drive on busy roads as a means of collecting needed funds for road maintenance and improvements and to cut back on congestion. They figured if drivers had to pay a premium to use a certain stretch of road during high traffic times of day more people would find alternative routes or opt not to make unnecessary trips resulting in fewer cars on the road at a time. The fees would be adjusted based on demand for specific road space.

With gas prices over $4 I was wondering if we could find some way to make it more expensive to get around. Although If it were to replace the gas tax I could go for that. I don’t travel congested highways and rarely venture into the Seattle Metro area.

Why do people who obviously can afford to pay their bills, decide not to? Why do people who cannot afford to pay their bills, decide to try to get a car loan? I have some advice for you.

More cars than kids in Africa…LOL.

What does the government do when the economy slows down during an election year? Give money back to the hard working people of the country. Car Loans are not the only thing we could think of to spend the money on. With only a couple of weeks or so until the money starts going out, many people have already started to think about what they will do with the money. The staff at WashingtonAutoCredit.com has outlined some great ways you can spend your “free money”.