Tag Archives: Down Payment
Tax Time is Car Time for Many
In the sub-prime auto loan business, many of our customers do not make a lot of money. It is not any stretch of the truth to say that for the majority of our customers, their tax refund is the one and only time all year that they happen to have a large chunk of cash available to them. For most, the tax refund is larger than their gross monthly income. Continue reading
Prestige Financial Lowers Payment to Income Ratio
Prestige Financial has decided to do less loans. Zions Bank decided to do no auto loans with dealers. Continue reading
Negative Equity in Your Trade-in?
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. Continue reading
