Tuesday, January 19, 2010

Advice for Buying a Car with Bad Credit - What Do You Want to Know?

I'm developing an informational website at http://www.carsforanycredit.com which is intended to help people who have bad credit understand the car buying/financing process, and learn the next steps to improving credit score. If you have bad credit (or even if you don't), what sort of additional information would you like to see on the site? Are there questions you have that aren't answered, or do I need to go into more detail with the subject matter already on the site? Any input is appreciated.Advice for Buying a Car with Bad Credit - What Do You Want to Know?
I like the website you have up and it's helpful but I do have a suggestion.


On the link that says: ';Buy a car with bad credit';


There is a line that says: ';Once you have determined how much car you can afford, there are some things you can do...';





You may want to make those words that are bold ';how much car you can afford'; into a link. Then link it to a page where you can show how someone determines how much they can afford, as an example with some numbers to show how someone can arrive at that. This might prove helpful for alot of people.





Also, the ';Helpful links'; page could use a bit more.


On it you can include the information that annualcreditreport.com is the only website where you don't have to pay a monthly fee to get your credit report.


Also to specify www.ftc.gov/credit as another link on that links page would be helpful as further information for people to educate themselves.





Those are the only changes I can think of for now. I think it is really great to give information like that though so others can get a sense of what to expect.


One more addition, is to add on there somewhere, where someone can find out how much something would cost based on calculations. You were giving an example on the page: ';Buying a car with bad credit'; about a particular situation would cost a certain amount of dollars based on the type of loan and if other things are added to the loan rather than making a down payment to cover certain initial costs.





Explaining that the person would end up paying more interest on a loan for those initial fees rather than avoiding them by making a down payment. That made sense but how did you arrive at certain percentages and costs based on that? In other words, would be good to specify how a dealer actually does their formulas to arrive at a monthly cost amount. That would be helpful for more people to know and understand better.

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