Buying Your First New Car by Hawkins John;
Author:Hawkins, John;
Language: eng
Format: epub
Publisher: Scribl
Good credit is only one factor that lenders look at when they are evaluating your loan application. Your income and other expenses are taken into consideration. The best way to get approved for a loan is to go through a dealership.
If You Cannot Make Your Car Loan Payments
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If for some reason you cannot make your monthly car payment, you need to contact your lender immediately. Many times, lenders will be able to lower payments by extending the car loan, or by accepting weekly payments. While you should always make your car payments on time, there may be times in your life when you become unemployed or have to take some time off from work due to illness or a family emergency.
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