Ways to Work Plan Works

Arlington Chamber Foundation, the McKnight Foundation of Wisconsin and the U.S. Transportation Department have gotten together to create the Arlington Chamber Foundation’s Ways to Work program. The program makes it possible for working families to get car loans.

The program is set up for those that might not qualify to be able to get an auto loan and hence an auto so that they can get to work more easily. Families apply through the foundation for a two year auto loan of $4,000 to buy a used car.

The supporters of the program say that by enabling those who couldn’t normally get an auto loan get one, they are both enabling their financial while increasing economic development. The foundation says that by these people not being able to get a car loan, and thus a car, it has been a “barrier” to their success in becoming self-sufficient.

They expect to be able to close on at least 23 auto loans in the next 14 weeks, and they think that they will be successful in closing more than 100 auto loans over the next two years. The Ways to Work program has been successful already in the eyes of those who have already gotten car loans, for they know that they have already been able to get better jobs because of their auto loans. They say the 8% auto loan that they get is much better than the high interest rate auto loans they have been looking at.

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