For the last seven years car loans have outpaced nearly all lending categories; but with fewer loan options and the prospect of higher interest rates, subprime borrowers will continue to
avoid new car purchases.
Not exact matches
It is important to protect your credit score during the entire application process, which includes making your payments on time, keeping your current job, staying with your current bank, maintaining low credit card balances and
avoiding major
purchases (e.g. a
new car,
new furniture) until you have closed on your mortgage.
Ultimately the Orlando is not a vehicle we are able to
purchase at this time, as the price tag for a
new one that has the features we would want is above our budget; even with GM's tempting 0 % financing,
car payments are something we are looking to
avoid.
Buying a used vehicle allows you to acquire ownership much quicker than you could when
purchasing a
new car and you
avoid random fees, like the sales tax that adds thousands of dollars to the total price of the vehicle.