Car Credit Ninja will offer a special rate discount and a Guaranteed Auto Loan Approval Program in exchange for Mandatory Loan Education Program before you apply for your vehicle options. In other words; We will find you the best finance and vehicle options guaranteed but you have to take a one-hour class and test educating you on the effects of high interest loans, inequity and an over extended budget risks.
Some would say the auto industry has taken advantage of people from time to time. Since 1919 General Motor Acceptance Corporation also known as GMAC financed the first $850 automobile ($20,141 equivalent to the 21st century) for the middle class family with 35% down and monthly installments till paid off within a one-year term. Now, you have options to finance up to 140% of what the vehicle is valued with $0 down over the course of up to 7+ years! This makes buying a vehicle affordable, sure. But this also leaves room for dealers to take advantage of big “spreads” of numbers and over charging clients, putting them in bad financial situations just because the opportunity to make a larger profit is there. On the other hand, as American culture has allowed us (The American Dream) to take, take, take the BEST of whatever it is that is in front of us and not think twice, regardless of whether we can afford it or not. So that being said, Who’s wrong?
Car Credit Ninja will implement an Auto Credit Class in hopes to educate each one of its clients of all the responsibly and risks that comes with using a loan to purchase a vehicle. If this class is passed successfully, they will be rewarded with the best finance options that are available to them given their current situation. Proof will be given in a “Truth in lending statement” minus one point in interest rate reduction once approved. A great incentive and opportunity to be educated on a financial decision almost every American will confront several times in their lives, but otherwise might not ever learned not being offered the knowledge. Stay tuned for the class release date!