Category: Sales

Even if you have a low credit score and a poor credit history, a job can be your saving grace if you’re in desperate need of an auto loan. Minimum income requirements ensure applicants can make the monthly payments, mitigating the risks for lenders loaning to low-credit borrowers and increasing the chances of a low-credit borrower’s application being accepted. A reliable income also helps reduce the risk of a borrower being unable to make a payment and potentially worsening their financial situation.

Unfortunately, many bad credit auto loans have high interest rates. These loans can help car shoppers with low credit scores afford reliable transportation, but the downside is the borrower may be taking on large and costly monthly payments over a prolonged period.

Building, strengthening or repairing credit is not a fast process. It can take years of making monthly payments and gradually increasing your credit limit to fix. Unfortunately, many people have an immediate need for dependable transportation and can’t afford to wait that long.

The lowest qualifying credit score for a bad credit auto loan is typically 600, but someone with a lower credit score may still qualify for one. There are also situations where someone with a credit score that’s higher than the minimum required may not be approved.

Easterns discusses the top cars you can buy between $20k - $30k. If you live in Baltimore or Washington DC visit your nearest Easterns or call today!

Shopping for a car can be a dauting experience. Car salespeople have a reputation for being narrowly focused on sales and putting that priority over the car shopper’s best interest.

Global sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.

Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.

Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively.

“BMW has stronger momentum than Audi and Mercedes, that won’t change in the second half,” said Hanover-based NordLB analyst Frank Schwope. “Design of their cars has improved and they’re ahead