Sometimes customers ask us if they need a driver’s license to buy a car through one of our car dealerships. Often it is better to answer a question with a question. If you do not have a driver’s license, what are you doing trying to buy a car? Or perhaps, would you be able to [...]
According to BankRate.com:
“…the median FICO score in the United States is 723…”
“A median of 723 means half the people fall below that score and half have scores higher. More specifically, here’s a breakdown [...]
Lenders have found a direct correlation between monthly income and loan performance. Seems to make sense. The more money you make, the more money you have to make your payments. Granted, it does not necesarrily mean that people who make more money pay their bills on time, or manage their money well. However, the first [...]
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 [...]
HIDDEN CAMERA PENNY PRANK AT USED CAR LOT
Great commercial. Pennies are money too.
Many financial experts suggest that one not use an old car as a trade in when purchasing a new car. In fact, trading in your old car may ultimately cost you more or hurt your chances to get approved for an auto loan.
Most auto dealers have a certain amount of price flexibility. The more [...]
I bought a car, and I have changed my mind. I do not want it anymore. Can I get out of the contract?
Prestige Financial has decided to do less loans. Zions Bank decided to do no auto loans with dealers.