State and County Supported Car Ownership Programs Can Help Low-Income Families Secure and Keep Jobs. New York, and a pilot program in San Diego County, California both access surplus or retired cars from the county in order to make them Also.
Workforce Developments: Car Programs. Just got an email from a colleague in Maryland who runs a transportation to work program called Vehicles for Change. Many of the nonprofits that take donation of your car turn around and sell it, then keep the cash for their programs.
Premium Ownership Program Ferrari Financial Services has created the “Premium Ownership Program” as a new way to purchase a car with the Cavallino badge, maintaining the value of the car over time and building client loyalty. The Premium Ownership. For Free Cars is a provider of free car programs for individuals willing to take on car sponsors. Find out how to get a car for free by enrolling today! Visit Car Ownership Programs for Low-Income Earners Stay Connected Enter your email address to stay connected by subscribing to your choice of topics Facebook Twitter LinkedIn RSS Feeds Disability Blog Bookmark & Share This site adheres to Section 508. The principle of carsharing is that individuals gain the benefits of private cars without the costs and responsibilities of ownership. Instead a household accesses a fleet of vehicles on an as-needed basis. Carsharing may be thought of as organized short-term car rental.
Affordable cars key to getting off public aid, study finds. Access to affordable cars proved a crucial leg- up for working families, even during the depths of the worst recession in decades, a new study has found. The survey of 4. 45 recipients of loans offered from 2. Ways to Work, found that 8. That led to an estimated savings to taxpayers of $1. Participants reported increased incomes, wages, educational levels and access to traditional financial services, such as bank accounts.
The survey — conducted by consulting group ICF International Inc. It offers auto loans, usually at 8% interest, to working families with bad credit scores and low income levels, and gets a substantial majority of its funding from private sources. In 2. 01. 1, it issued $5. Ways to Work and other low- income car ownership programs offer an alternative to used- car dealerships known as Buy Here Pay Here lots that cater to people with credit problems. Those lots, which provide in- house financing, typically charge 1.
Default rates in the Buy Here Pay Here industry hover around 2. Ways to Work loans are not repaid.
Owning a car is key to economic mobility in this country, particularly considering the reductions in funding for public transit in recent years. But with very few low- income car ownership programs nationwide — and in some areas including Southern California, none at all — many working families have no option except Buy Here Pay Here dealers. The study found that taxpayers saved $2. Particularly telling, Faulkner said, was the relative strength of the outcomes despite the dire economic state of the country. A previous survey of Ways to Work participants that focused on loans issued from 2. Although that's slightly higher than reported in the new survey, it also came at a time when unemployment was far lower and the economy was growing sharply. In 2. 01. 0 and 2.
Ways to Work added 2. Most recently, it announced plans to begin offering loans in the Detroit area, and the group is looking to expand into San Diego, Los Angeles and Santa Barbara.
To qualify for a loan, recipients must meet an income test and take a financial literacy course. Any car they buy must pass an independent inspection.
To date, Ways to Work has issued 3.