BadCreditCar

5 Tips for Bad Credit Car Buying

Get a car regardless of your credit.

Get a car regardless of your credit.

If you have bad credit, buying a car is not as hard as you might think. Many people feel that they have no options with a bad score, aside from building up their financials to a better place, but that is not the case. While your credit is certainly considered when you go to a purchase a vehicle, there is more taken into account than your score alone.

If you are in the market for a new car and are concerned about the status of your credit score, consider taking the following steps to make the experience as painless and efficient as possible:

1. Verify your credit score.

Believe it or not, credit scores can contain inaccuracies. While this will not likely increase your score by a drastic amount, checking your report before speaking with your car dealer is worth the extra time and effort. Continue reading…

InHouse

Top 5 Benefits of In-House Financing

Get approved easily with in-house financing.

Get approved with in-house financing.

There are many methods of financing, and all have advantages, but some are simpler than others. Likewise, some require an involved process of credit checking and take more time to complete. In-house financing is one of the simpler methods, as it eliminates a third-party financer. If you are unfamiliar with in-house financing, it is when the seller extends you, the customer, a loan necessary to make your purchase. It keeps the business interaction between the buyer and seller.

While this is not a common practice, many businesses in the automobile industry take to this model. Why? Because it is advantageous for our consumers. We want you to feel comfortable with your purchase and dealer, so we handle the financing ourselves.

Here are five benefits of in-house financing:

1. Personal experience.

Without the involvement of a third-party, the business is kept between you and the dealer. This makes for a smooth business transaction. This model also helps establish a relationship with the dealership. Continue reading…

DriveTime - Olathe

DriveTime Opens Dealership in Greater Kansas City Area

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Hello, Olathe!

DriveTime is excited to open another dealership in the greater Kansas City area! The Olathe dealership is located at 820 N. Rogers Road, Olathe, KS 66062.

Recognizing a need in the community, DriveTime is bringing a unique approach to used car buying, leasing and financing to the Olathe community. Non-prime credit ratings make access to necessities as simple as transportation a challenge. Today’s reality is that an estimated one-third of Americans have such credit ratings, which makes buying or leasing a car more difficult, and in some cases, impossible. Furthermore, an estimated 26 million people in the US are considered “credit invisible,” meaning they have no credit record or credit score. Transportation is a critical factor in finding and keeping employment, and DriveTime, the nation’s largest used car dealer and financing company helping people with credit issues find and finance vehicles, is dedicated to putting people – even those with bad or no credit – in cars. Continue reading…

Cleveland Rocks

DriveTime Opens Dealership in Greater Cleveland Area

IMG_7787

Hello, Bedford!

DriveTime is excited to open another dealership in the greater Cleveland area! The Bedford dealership is located at 5578 Warrensville Center Road, Maple Heights, OH 44137.

Recognizing a need in the community, DriveTime is bringing a unique approach to used car buying, leasing and financing to the Bedford community. Non-prime credit ratings make access to necessities as simple as transportation a challenge. Today’s reality is that an estimated one-third of Americans have such credit ratings, which makes buying or leasing a car more difficult, and in some cases, impossible. Furthermore, an estimated 26 million people in the US are considered “credit invisible,” meaning they have no credit record or credit score. Transportation is a critical factor in finding and keeping employment, and DriveTime, the nation’s largest used car dealer and financing company helping people with credit issues find and finance vehicles, is dedicated to putting people – even those with bad or no credit – in cars. Continue reading…

Signature

4 Things to Consider When Choosing a Co-Signer

Just because he is your friend, does that make him a good co-signer?

Just because he is your friend, does that make him a good co-signer?

Having a co-signer on your vehicle loan can be beneficial, but you both need to understand the financial situation before going through with the process. There is a common misconception that a co-signer simply takes all of the responsibility, and there is no problem for the owner of the loan. Additionally, misguided information leads some co-signers to believe their credit will not be affected, as the loan is really owned by another.

Here is some information that you should consider when thinking about a co-signer. Again, a co-signer can be helpful and the situation can work out for both of you, as long as you understand the terms.

Trust

The biggest thing to consider is how much you trust this person, and maybe even more importantly, how much this person trusts you. As a co-signer, this person is going to be responsible for payments that you can’t make. Continue reading…