Comments on: Auto Financing for Bad Credit http://www.badcreditloancenter.com/auto-financing-for-bad-credit/ Bad credit loan center provides resources for those who do not have good credit. Wed, 10 Mar 2010 21:11:55 +0000 hourly 1 By: Anonymous http://www.badcreditloancenter.com/auto-financing-for-bad-credit/comment-page-1/#comment-1205 Anonymous Wed, 08 Jul 2009 07:27:34 +0000 http://www.badcreditloancenter.com/?p=266#comment-1205 I agree with Max & Jamie ,buying a used cars is good deal in terms of deprecation & cost, but looking at the current scenario many car manufacturer like GM,Ford have brought great scheme where they pay your car loan dues upto 12 month if you become unemployed.This is eligible only for new cars. Also there are many cheap loan facility available with vendor on buying a new car. So I think buying a new car is wise then a used one. I agree with Max & Jamie ,buying a used cars is good deal in terms of deprecation & cost, but looking at the current scenario many car manufacturer like GM,Ford have brought great scheme where they pay your car loan dues upto 12 month if you become unemployed.This is eligible only for new cars. Also there are many cheap loan facility available with vendor on buying a new car.

So I think buying a new car is wise then a used one.

]]> By: admin http://www.badcreditloancenter.com/auto-financing-for-bad-credit/comment-page-1/#comment-1000 admin Fri, 26 Jun 2009 16:54:58 +0000 http://www.badcreditloancenter.com/?p=266#comment-1000 Jamie I agree with you and Max usually but with this economy I'll pay a couple thousand dollars to get a brand new car verse used. We just purchase a 2010 Honda pilot for 1,000.00 more dollars than a used 2009 Honda Pilot. KBB was 6k dollars less for the used 2009. So while the brand new 2010 may loose value as soon as you take it off the lot it's still worth more money and it was only 1k more. There are awesome deals to be hand on new cars right now but generally speaking buying a used car gets you much more value for your money. Jamie I agree with you and Max usually but with this economy I’ll pay a couple thousand dollars to get a brand new car verse used. We just purchase a 2010 Honda pilot for 1,000.00 more dollars than a used 2009 Honda Pilot.

KBB was 6k dollars less for the used 2009. So while the brand new 2010 may loose value as soon as you take it off the lot it’s still worth more money and it was only 1k more. There are awesome deals to be hand on new cars right now but generally speaking buying a used car gets you much more value for your money.

]]> By: Jamie http://www.badcreditloancenter.com/auto-financing-for-bad-credit/comment-page-1/#comment-997 Jamie Fri, 26 Jun 2009 15:35:24 +0000 http://www.badcreditloancenter.com/?p=266#comment-997 I fully agree with Max. Would never buy a brandnew car. Once you drive off from the car-dealer, your auto lost 30% value :-( no good deal, isn't it? I fully agree with Max. Would never buy a brandnew car. Once you drive off from the car-dealer, your auto lost 30% value :-( no good deal, isn’t it?

]]> By: admin http://www.badcreditloancenter.com/auto-financing-for-bad-credit/comment-page-1/#comment-909 admin Tue, 23 Jun 2009 20:06:15 +0000 http://www.badcreditloancenter.com/?p=266#comment-909 Max you are correct for the most part but I disagree on a couple things. You do pay less for a used car but with the current economic situation you can get amazing deals on new vehicles. For example Chrysler this past month had 12k off MSRP for almost all their vehicles. Financing is usually cheaper on new vehicles as well. Lenders see them as better investments ( for lack of better words ) since the car is not as old and has not depreciated as much. There are also a ton of very low APR rates on new vehicles, I've seen 0% - 2.9% and that's a really good deal. Thanks for your comments, Daniel Max you are correct for the most part but I disagree on a couple things. You do pay less for a used car but with the current economic situation you can get amazing deals on new vehicles. For example Chrysler this past month had 12k off MSRP for almost all their vehicles.

Financing is usually cheaper on new vehicles as well. Lenders see them as better investments ( for lack of better words ) since the car is not as old and has not depreciated as much.

There are also a ton of very low APR rates on new vehicles, I’ve seen 0% – 2.9% and that’s a really good deal.

Thanks for your comments,
Daniel

]]> By: Max http://www.badcreditloancenter.com/auto-financing-for-bad-credit/comment-page-1/#comment-908 Max Tue, 23 Jun 2009 18:48:44 +0000 http://www.badcreditloancenter.com/?p=266#comment-908 I will always buy a used car that's only a few years old. They are generally in great shape, and you pay way less for a used car then a brand new car. The financing needed is also way less, so many pluses when buying a used car over a new car. I will always buy a used car that’s only a few years old. They are generally in great shape, and you pay way less for a used car then a brand new car. The financing needed is also way less, so many pluses when buying a used car over a new car.

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