Car Loans for Bad Credit : Apply Today, Drive Today!

We found out today that the final details for the Cash for Clunkers program (also called the CARS Program) will be released on July 24th.
I am sure you have seen dealers already advertising that they want you to bring in your “clunker” to be traded in. The thing is, the government has not paid the [...]

http://money.cnn.com/2009/05/05/news/companies/cash_for_clunkers/index.htm?postversion=2009050518
Cash for clunkers’ program gets a makeover – May. 5, 2009
WASHINGTON (CNNMoney.com) — The Obama administration has signaled its support for a congressional effort that aims to boost the troubled car industry by subsidizing new cars sales for consumers who scrap old ones.

A little knowledge and preventative measures on your end can save you from owing way too much money on your car and having negative equity.

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.

It happened again. We had a couple apply for an auto loan at www.WashingtonAutoCredit.com exactly 2-months ago. We were honest with them about their vehicle options, and they decided that they wanted to try other dealers because we let them know that a seven passenger SUV was not going to be possible for them without [...]

Do you ever wonder why most people that have monthly payments on their car owe more money on their car than a dealership would give them for trade-in? Or why they owe more money than an insurance company would give them if they totaled the car?
Here are the two reasons:
1. Low Down Payment.
2. Low Monthly [...]