Are Extended Warranties Worth the Cost?

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 [...]

Should I Trade My Car? Or Sell it?

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 [...]

GAP Coverage Explained - Don’t Get Caught Owing $$$$

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

Creative Uses of Your Economic Stimulus Check

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, [...]

Buy a Car with Bankruptcy it is Easier than you think.

Some people think of a Bankruptcy as a last resort. I talk to customers all the time who are a few months behind on every bill they have (including their mortgage or rent) and still want to try to buy a car. It baffles my mind that someone can think that it might be a [...]

Car Dealers Lie to Another Customer with Bad Credit

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 [...]

Lexus taste, Kia budget - “I can afford it…”

Almost everyone does the same thing, we see nice things and we want them. We tend to stretch to obtain the newest clothes, the biggest house, the nicest car. Many people are often so concerned with buying the best in life, that they loose sight of the big picture. Trying for the most expensive [...]

Payday Loans are Baaaaaack!

For many people, the thought of getting a payday advance loan is probably right up there with going to the dentist and getting a root canal.
For many other people that have unexpected bills, they can be used as a short term solution to pay high priority debts.
If you could use a payday loan, or quick [...]

Lower Payments = Bad Car Deal

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 [...]