| 17 February |
The effects of the debt crisis |
Regardless of where you live in the U.S. must be feeling now the effects of the debt crisis. Have a bad credit or little credit at this time can be a real pain when it comes to obtain a loan of car good, especially when you are a teenager or a minority. Here are some basic rules to buy a car with bad credit, if you are a teenager or of minorities in the state of Washington.
Get the best car for adolescents
If you are a minority in the market for a loan of car in Seattle, Tacoma, Bellevue, Bremerton, Silverdale, Oak Harbor, Shelton, Olympia, Mount Vernon, Anacortes, Port Angeles, Centralia, Portland, Vancouver, Ellensburg, Longview, Aberdeen, Bellingham, Spokane, or in Washington quenches Pullman
This year, the number of high school graduates is the largest since the end of 1970. Welcoming the graduation generally includes the purchase of cars. The number of vehicles used desired 16 to 25 years of age drivers is the Ford Mustang, the number 2 is the Jeep Wrangler followed by Honda Civic.
However, according to the Insurance Institute for Highway Safety, you should not buy these cars for adolescents. The ALREADY always recommend that the cars adolescent handles that are large, low and slow and are low in maintenance and insurance.
You can find a vehicle of average size that is not too old and low fuel consumption and has front and protection of the head side air bags – as well as stability control. Stay away far from all land and vans and please do not buy a car or a vehicle sporty high performance.
Are you a minority? Know your rights
If you are a minority in the market for a loan of car in Seattle, Tacoma, Bellevue, Bremerton, Silverdale, Oak Harbor, Shelton, Olympia, Mount Vernon, Anacortes, Port Angeles, Centralia, Portland, Vancouver, Ellensburg, Longview, Aberdeen, Bellingham, Spokane, Washington in Pullman or satisfy you must be very careful. In 2004 the loans for the purchase of new cars, blacks pays an average interest rate of 7 percent, compared with the 5 percent for borrower whites and a 5.5 percent for borrowers Hispanics. In loans for used cars, African-Americans and Hispanics both were considerably higher interest rates. The average rates for African-Americans and Hispanics were 9.5 and 9 percent, respectively, compared with 7.5 percent for whites. (more…)
