It’s primetime for Pay Day Loan pushers to advertise all sorts of creative options so that you can take advantage of “end of year clearance” sales at your local car dealership by using a Bad Credit Car Loan. While these sales generally can save you several thousand dollars, the savings can quickly be lost if you are unable to repay your pay day loan on time.
It’s likely there will be a flood of barely used vechicles hit the market this summer as the “Cash 4 Clunkers” new car recipients realize they still can’t afford a new car payment. These cars will be repossessed and sold at a step discount. You may be able to buy a 2009 model sedan for 6-7,000.00 with only 12,000 miles on it.
Perhaps passing up on the year end specials is the best idea for now.
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