Sunday, June 1, 2014

More Than Wheels Uses the Car-Buying Process to Promote Financial Stability

Founded in 2001, More Than Wheels is an award-winning, non-profit car-purchasing program that helps struggling individuals and families break the cycle of poor financial decision-making by using the car-buying process to bring about long-term change, control, and financial stability. Headquartered in Manchester, New Hampshire, More Than Wheels is dedicated to improving the lives of its clients by helping them get the transportation they need to take care of their families, at very low interest rates. The organization also provides educational opportunities that teach essential financial skills such as developing and managing household budgets, improving credit, and saving for the future.

More Than Wheels works with individuals and families in Maine, Massachusetts, New Hampshire, and Vermont, helping them acquire the vehicle they need regardless of their credit situation. Prior to the car-purchasing process, clients receive customized one-on-one credit coaching, develop a personalized step-by-step plan with manageable goals, and participate in an interactive financial education course.

The second-largest low-income car ownership program in the US, More Than Wheels has helped thousands of families finance over $25 million in loans to date.

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