When you have bad credit or no credit, or find it hard to pay a hefty car payment every month on a new car, you look for other options.
The majority of car buyers dislike the predominant buying process – having to haggle for a better car price or dealing with tons of paperwork with questionable wording.
In fact, over 70% of people who were surveyed in a 2015 poll by Autotrader stated they would visit a dealership more often if the buying process was better.
What you wish you knew.
Did you know that auto loan debt hit $866 billion in 2015, with the average car loan hitting a record $28,381?
That is a huge sum of money to put into a car! Especially taking into consideration that the average car loan now is for six years and the initial down payment is over $4,000!