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If you have your heart set on a Mitsubishi or Toyota Sprinter but your credit is iffy you may still be able to qualify to buy your car.  It is a buyerﾕs market right now with many automotive dealers looking for ways to get rid of their current new and used stock, but many people have lost their jobs or are laid off.  Because life does not stop when you have this kind of setback and you still need a car to help you find a new job, there are some things you can do to score that used Toyota Corolla or Mitsubishi cars you want.  Here are a few things to think about when you go car shopping.

1. It is important to be realistic about the price range of the car that you want to get.  You need to find one that you can afford in your current situation ﾐ be it laid off and running on your savings account or having bad credit.  Never try to buy a car that is well over your means.

2. Look into your credit score so that you know whether or not you will be able to qualify for a loan with a decent interest rate or if you will have to pay more in interest.  Always gather up as much information as you can before you even step out of the house to go car shopping.

3. Keep the running of your credit record to a minimum so that you are not charged points that can hurt your credit even more.  It may be helpful to go to the car dealer with your credit record in hand.

4. Even if you find a Mitsubishi or Toyota Sprinter that you love, do not allow yourself to get emotionally attached to the car in case you are denied credit or the deal does not work out because the car costs more than you can afford.  You may walk away from numerous cars before you find the right deal.

5. Do not give in to the first offer the dealership gives you.  Make them work for the sale so that you benefit from it.

You will probably need cash to put down on your car but if you do not have cash on hand, consider looking for a dealer that is offering cash back on a trade in.  That way you can use the trade in money you receive as your down payment.  You do not have to put any money down, but if you have iffy credit and want to keep your overall cost down, it is a good idea to be prepared with money to put down on the car.

This entry was posted on Tuesday, June 9th, 2009 at 9:37 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.