Financial Schools Reviews

You do not have to take our word for it as the Federal Trade Commission has published a list of tips for used car buyers

Bad credit loans and used cars

At Auto Credit Express we’ve spent close to 20 years focusing on consumers with bad credit and helping these customers raise their credit scores and reestablish their car credit by financing a vehicle with a bad credit auto loan. Along the way, we try to educate our applicants on the loan process, since these very same consumers can find themselves trapped in a loan they can’t afford if they’re not careful.

We know that most of these bad credit car loan applicants will end up purchasing a used car. But this is not necessarily a bad thing. In the past twenty or so years, vehicle quality has improved and reliability has reached a point where even the average car can be expected to last at least 100,000 miles, with many vehicles capable of lasting much longer.

What hasn’t changed

But in that twenty year time span, some things haven’t changed. There are still unscrupulous sellers who will try anything to make a fast dollar. Fortunately, the Federal Trade Commission also realizes this and has come out with a list of tips to help consumers understand the used car market.

Tips on Used Car Buying

• The Federal Trade Commission requires dealers to post a Buyers Guide in every used car they offer for sale. Private sellers don’t have to use the Buyers Guide. The Guide tells you: whether the vehicle is sold “as is” or with a warranty; percentage of the repair costs a dealer will pay under the warranty; that spoken promises are difficult to enforce; to get all promises in writing; to keep the Buyers Guide for reference after the sale; the major mechanical and electrical systems on the car, including some of the major problems you should look out for; and to ask to have the car inspected by an independent mechanic before you buy

Additional tips

• Examine the car using an inspection checklist. You can find these on Internet sites that deal with used cars

To learn more, log onto www. ftc.gov

As we see it

At Auto Credit Express, we realize that with the high cost of bad credit car loans, bad credit car loan shoppers need to be extra careful when choosing a vehicle.

Auto Credit Express has helped thousands of people with bad credit begin the process of getting back on their feet while financing a new or low mileage used car. During the process, we make no pie-in-the-sky promises with regard to guaranteeing that your application will be approved. We will promise to do our best to see that your application is placed with a dealer that not only knows special finance, but one that is as close as possible to where you live.

When you visit our web site, you should feel free to use our loan calculators, will give you a reasonable idea of what you can afford. We also have live operators who are anxious to answer any questions that you might have. You can also view a list of the basic requirements of a loan before you apply.

Your odds increase when you fill out an application

Why spend the time and the money driving from dealer to dealer when you can fill out an application online? Simply go to www.autocreditexpress.com to begin the process. Our application is SSL secured to safeguard your privacy and we are an accredited business with the Better Business Bureau. Our address, along with a toll free number, is listed at the bottom of the page.

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