Tips For Buying a Car With Any Credit

Buying a Used Car

• Do your research: The internet and the local library should have plenty of information on purchasing a used vehicle.
• Consider payment options and possibilities and decide what’s best for you.
• Determine which dealer best fits your vehicle and payment needs.
• Consider warranty options (if available).
• Understand the agreement and terms before signing on the dotted line.

For more details from the FTC on buying a used vehicle.

How Car Insurance Works

• • There are various types of coverage (liability, collision, comprehensive, etc.), so you need to know which is most appropriate for you.
  • You also need to understand your needs, such as knowing your state laws, knowing your various options for insurance, and knowing how much money you’re able to spend on insurance.
  • Research your deductible and choose one that fits your budget needs.

For more information on how car insurance works.

Insurance Tips

• Only shop for insurance using safe, “https:” secure websites. There will be a lock icon in your browser if the site is safe.
• Watch out for door-to-door and over-the-phone insurance salespeople.
• Don’t give out your insurance info or identification numbers to companies you don’t know.
• Keep a camera available in your vehicle so that if you are in an accident you are able to take pictures of the damage and people involved.
• Always get contact info from those involved in an accident and, if possible, from a witness or two.

Basic Information about Credit and Your Credit Rights

• You have plenty of rights when it comes to applying for credit.
• Creditors may not ask about your race, sex, national origin or religion.
• They cannot ask you about your marital status or plans for children.
• You may have a co-signer other than a spouse if one is necessary.
• You have the right to know specifically why a credit application was rejected.

There are plenty of other rights you have when it comes to credit. For more detailed information on those rights from the FTC.

Overall, these are just a few of the tips and tricks CarHop wants to share with you to make sure you get the best possible used vehicle you can get in a way that works best for you.