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About Ray Paulsen
Expertise
confused buying new or used...buy with confidence from dealer or private...consumer fears...paying to much...getting a lemon...accident car...fair value for trade...negotiation process...etc...you simply want a fair deal...

Experience
over 30 years in automotive industry, management, retail, wholesale, appraisals, auctions, vintage

 
   

You are here:  Experts > Autos > Tips on Buying Cars > Tips on Buying Cars > Welfare

Tips on Buying Cars - Welfare


Expert: Ray Paulsen - 8/13/2009

Question
i am interested in purchasing a new vehicle but my only form of income is welfare. I recieve 900 a month so i would be able to afford a vehicle and have good credit. are there any restrictions on this?

Answer
The only lender with your income to finance , will be a " Buy Here Pay Here " type dealership that charge very high Interest rates,,, I highly recommend you stay away as the odds will not be in your favor getting value for your money.

I suggest you save as much as you can and pay cash, here is a link on my website I would like for you to read where to shop for a car  http://www.usedcartips.org/TENTHOU.html  

Ray

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