By Car helps income-eligible clients to purchase a used vehicle while learning savings strategies and vehicle care.
Eligible clients save their earned income toward a vehicle purchase. The By Car program
matches their savings 2 to 1 up to a total of $3,999. Participants take financial literacy courses
as well as learning the costs of owning a vehicle and its proper maintenance.
Income can be earned from:
- Social security
- A combination of any of these
Please note: Demand for this program is high and funding goes fast. Participants can
realistically expect to wait six months to a year once savings requirements are met.
The income eligibility requirements are based on family size and total family income. Participants must be living at or below 125 percent of the Federal Poverty Line ($30,750 for a family of four). To be eligible, no one in the household can own a vehicle.
Other Program Requirements
Be employed or seeking employment, OR
Be enrolled in a training or education program.
Complete an intake and credit assessment.
Complete a financial literacy class.
Agree to open a savings account
Consent to attend monthly account screenings
Commit to owning the vehicle for no less than six months.
Agree to abide by the program requirements.
Attend a post purchase appointment within 60 days of purchasing your vehicle.