Car History Blog |

About 10 years ago I got very sick and had to leave a very good paying job. My medical bills went up and income went down. No bankruptcy, but slow payment history, house went into foreclosure, but I was able to sell it to get out from payments. Moved to an apartment to cut expenses. Cheaper than my old house payments and utilities are cheaper. Since then my health has vastly improved, but I still have outstanding medical bills, and my prescriptions and Dr. visits take about 10-12 % of my monthly income. Now my car has died and I have not been able to save any down payment since I have been trying to pay off old bills. What are my best options for getting a decent running car that I can make the payments on without having a large down payment, and without getting over my head?

Answer: Wow, you've had a tough time recently but it sounds like you're doing all the right things to come back from it. I'd say you have a better chance of buying outright rather than taking over a lease. Check out your loan status at Easy Auto Loans. Don't forget to get a Free Car History Report for any car you buy.

I know that i have good credit history. my score is about 700 but my credit limit is only one thousand. I just recently got a new credit card that offered a limit of 2900. I am worried this low limit will effect when i buy a new car. Should I worry? What do you think my apr will be if i give a downpayment of 2-3k for approx 15k car? thanks in advance!

Answer: I think you should have nothing to worry about. But when it comes to credir cards, fewer is better. Loan officers look at credit cards as if you have already maxed them out. Here's a great place to check your car loan status: Easy Car Credit

Hugh Afare asked:

I want to lease a regular Japanese vehicle, maybe a Honda Accord, or a camry, and was wondering if I'll get approved. I have limited credit history, but I always pay my bills on time, and I have a reasonably good income to afford to pay a car or lease note.

Answer: If you've always paid your bills on time and have a steady empolyment history, then you should be good to go. You can see if you're good for an auto loan here: Easy Credit Auto Loans