It’s easy to calculate the maximum car loan amount you qualify for based on your income and the preferred PTI and DTI ratios set by lenders.
Continue readingTag: Bad Credit
No Credit Car Loans
Getting a no credit car loan from traditional lenders can be challenging. But, there are alternative loan options available for people with no credit history.
Continue readingHow Much Car Can You Afford Based on Income Or Salary?
When it comes getting a car loan, it’s important to understand how much you can afford to borrow based on
Continue readingTrading In a car with Bad Credit and Negative Equity
If your income is high, you have some cash on hand, and have bad credit it is likely that you can trade-in your car even if you have negative equity.
Continue readingNew Car Financing versus Leasing
Overall, leasing a new car offers lower monthly payments, lower down payments, and limited customization options but with a limited mileage allowance and extra fees for wear and tear. Financing a new car offers the buyer ownership, customization options, and no mileage restrictions but higher monthly payments and a higher down payment.
Continue readingSubprime Auto Loans Decline in 2021
New and used auto loans through banks and finance companies for people with bad credit have decreased 30.56% in the last 5 years.
Continue reading