How to Buy A Car With Little or No Credit

Table of contents

Step 1: Where to Find The Vehicle of Your Choice
Step 2: Making the Initial Contact (Common Questions and Answers)
Step 3: The Face to Face Presentation
Step 4: Closing the Deal
Step 5: Paperwork and Insurance
Definitions 17
Suggested "Assignment Agreement"
Telephone Information Sheet
Assignees Responsibilities
Power of Attorney
Uniform Commercial Code, Article 9, Section 311

Description:

THE CONCEPT PROBLEM:
A person has a car he no longer can afford. It may be about to be repossessed.
PROBLEM:
Another person has a "Bad Credit" history and cannot buy a car, but can well afford to makethe payment on a recent model vehicle.
SIMPLE SOLUTION:
Put these two people together. One person will assume the other persons payments and insurance.
NEW COMPANIES EMERGED
A few years ago an industry emerged that served the needs of individuals who have had past credit
problems, but can now afford monthly car payments. These companies helped people with past credit problems such as:
Bankruptcy
Repossession
Judgments
Divorce
Medical Bills
No Past Credit History
Late Payments
Many Other Problems
These setbacks are held against these individuals by lending institutions for up to seven years.