Posted On:
February 2, 2008
Subprime Lending on Car Financing
Purchasing a car is like purchasing a house in many ways:
You apply for credit.
Your credit is run.
Credit is granted or denied based on your ability to pay (credit score) and asset value (loan to asset value)
Your credit score might be affected when you credit is run.
The finance manager know exactly what the lender is looking for to have credit approved. The video says the rest:
Be careful when you sign documents and read everything. Never trust anyone at the dealership that they will do as they say.
Carton and Rudnick is a law firm located in Red Bank/Middletown New Jersey and has extensive experience in litigating against car dealerships.
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