Myth: A Checkered Credit History Equals No Car Loan

You need a car. You’d like the affordable price tag and reliability of a quality used car, but are under the assumption that used car dealerships require full cash payment up front. Where would you get that kind of money? If only you could find the used car you’d like on financing terms you can afford! But even if you could find such a dealership, what would they say about your checkered credit past?

We’re glad you asked! Before you bite your fingernails all the way down to the nubs, come check out our bad credit car loans! It would be our pleasure to help you fulfill every item on your wish list. Let’s take it from the top.

The Car

You’d like a used car. You have an eye for quality, so not just any used car will do. We feel the same way! We have an extensive selection of reliable pre-owned vehicles, and we’re certain you’ll find a new-to-you car that will fit your needs and your budget.

The Money

You don’t have all of the money right now, so you’d like to split the cost into monthly payments over time. Not a problem! We offer a variety of financing options that can allow you to purchase a car today without zeroing out your bank account.

The Problem

Now we come to the zinger. What about your checkered credit past? Think you’re not a candidate for a loan? Think again. Our friendly and knowledgeable financing specialists would be glad to show you how you could qualify for a bad credit car loan. These loans are specifically designed for people in your situation. While interest rates are typically higher on loans of this type, they afford you the benefit of purchasing a car today, when you need it, rather than having to wait until you have the entire amount in cash. Our financing specialists are available to answer your questions and walk you through the process.

Now that we’ve wowed you by fulfilling every item on your checklist, let us wow you with our friendly service and great selection! Stop by and see for yourself!

How to Take the Hassle out of Applying for Car Loans

Applying for loans is a process that virtually no one looks forward to. Although the application process may never be truly enjoyable, many people do not realize that there are a number of ways to make it much simpler. For people applying for car loans, including bad credit car loans, taking the following steps will make the process much more simple and streamlined.

First, it is important to come to the dealership prepared with your financial documents and ready to fully disclose all of the necessary information. We typically need to verify a borrower’s identity with documents such as a driver’s license and information such as address and social insurance number. We also need information on each borrower’s employer, income, and any other monthly payments or liabilities. This helps us determine what kind of loan terms we can offer.

If you are preparing to take out a car loan, you also need to have some idea of your budget beforehand. We can work with you to a large degree to determine what monthly payments and loan length would best fit your needs, but you need to have an idea of what you can pay each month and what you are looking to pay in the long run. It is in your best interests to sign up for an appropriate car loan the first time around, instead of having to try to modify any of the terms later.

Finally, it is beneficial if you have a little flexibility going into the lending process as a borrower. Knowing what you want is a positive thing, but when it comes to bad credit car loan terms, you may have to compromise a little if you want your loan to go through quickly so that you can drive off in your new car sooner.

There is no denying that securing a car loan does take some effort on the part of the borrower. However, if you keep these tips in mind you when you’re ready to take out a dealership car loan, you will have a significantly better chance of getting your loan with minimal hassle.

Build Your Credit With Car Financing

If you are in the market for to purchase a car, chances are you are also interested in a reasonable car financing plan. Getting the best deal and keeping your payments affordable requires that you protect your credit in various ways before you decide to purchase a vehicle.

One mistake many people who will make a large purchase within the year fall into is to layer themselves under so much debt that their credit rating suffers. Avoid that pitfall by paying cash when possible and paying off necessary loans before taking on a larger, new debt.

Going into the purchase of your next vehicle reasonably close to debt-free ensures that creditors will see you as a good credit risk. Having a house note or a home rental responsibility will not hurt your chance for an auto loan, unless the monthly housing payment is much too hefty when compared to your monthly income.

For some people, the big issue will be lack of proof of credit confidence. These people may never have made a purchase that required long-term payments. Perhaps they have never owned anything in their own names, and that will make it hard for an institutional loan to come through. Whatever the circumstances, we are interested in helping you find the best option for making car payments.

If you are not considered a healthy risk by a bank or credit union, we would like to help you on your way to purchasing a car for as little money down and for as low monthly payments as possible. Being upfront about the nature of your credit is one way to streamline the process. Once we have determined together what you can afford to pay down and monthly, our staff will have a better idea of the cars that fall within your price range.

With those selections ready for your evaluations, we can sit you behind the wheel of every car in your range, if you like, for test driving that very day. With any luck, you’ll come in with a trade in and go out with a car fresh off the lot.

When Your Car Gives Out

It can seem like auto problems come out of nowhere. One day you are driving along, not a care in the world, and the next your car just will not start. When this happens, and your car is beyond repair, it can mean that it is time for a new car. But what happens when you do not have the money for a new car? A loan is always an option, but if you have bad credit you may feel like you will not qualify for the loan you need. Luckily, bad credit car loans exist just for this situation.

Bad Credit Car Loans 101

A bad credit car loan is very much like a normal car loan, with a few small differences. This loan will qualify you for a vehicle that is in your budget. Generally, this means that you will be able to look at a wide range of used cars. Another key differences is that the interest rates on these loans are a little bit higher. While this may seem daunting at first, the overall total of the loan is lower, so the interest is not as big as a challenge to deal with.

Top Reason to Take Out This Loan

The best reason to take out a bad credit car loan is that you will be able to get the car that you need when you need it. Instead of throwing in the towel due to bad credit, this loan can actually help you to get your vehicle and even improve your credit. Depending on your credit score, taking out bad credit car loans can actually help you get your credit score a bit higher. When you make regular payments on your loan, your score will begin to reflect this.

Don’t let bad credit prevent you from getting the car that you need to survive. Consider bad credit car loans and in no time you will have the vehicle that you require while being well on your way to improving your credit score.

The Effects of Your Credit Score on a Car Loan

One of the reasons why people have to get bad credit car loans is because they have a bad credit score. ”Credit score” can be used to talk about a few different scores kept in your credit file, but the one that is most important when it comes to lenders is your FICO score. Knowing and understanding this score will help you when it comes to getting a car loan.

Credit scores range from 300-850. They are calculated using a complex system and are based on your credit history. Anything good in your history raises the score, while anything bad lowers it. Good things include paying on time and making good use of your available credit. Bad things include missed payments, going over your credit limits and accounts in collections.

When it comes to auto loans, a FICO score of 540 or less will usually put you out of the running for a traditional loan. You’re only option will be bad credit car loans. This is just a general rule of thumb. Some lenders have a higher minimum. However, it’s pretty standard that interest rates will be higher as the credit score gets lower.

Having a low score also means higher monthly payments and shorter loan times. Lenders charge more for a bad credit loan because the risk is higher. If you have a low score, it means you haven’t made payments on time or met your financial obligations like you should have. This tells the lender that you’ll likely default on this loan, too, so they do everything they can to minimize their risk, such as charging higher interest and having you pay off the loan more quickly.

Understanding the impact of your score before you get a car loan will help you to know what to expect. It’ll give you insight into how much negotiation room you have and let you know what type of loan you’ll likely qualify for.

3 Mistakes to Avoid When Trying to Get Bad Credit Auto Financing

If you have bad credit, you may assume that purchasing a new vehicle is out of the question. It’s not. Many lenders offer bad credit car loans to people with low credit scores. Though the rates are higher than traditional auto loans, they are ideal for individuals who need a reliable vehicle but who cannot spend months fixing their damaged credit score. With that said, there are three mistakes to avoid when financing a vehicle with bad credit:

Providing Wrong Information

Too many people over exaggerate their income and downplay their expenses to achieve better rates. Don’t do this. Dealerships are meticulous when it comes to checking a person’s information. They want documents verifying income, bank statements verifying expenditures and a list of references. If you somehow slip through the cracks, you’ll be stuck with a loan you can’t really afford, thereby risking your credit score even more.

Underestimating Your Creditworthiness

Don’t just assume that you have bad credit. If you’ve been working on building your credit through secured credit cards, you may have better credit than you though. Check your credit score before heading to the dealer. If you go in blind, they get to define your creditworthiness, and they might not be honest about the information they turn up. Get copies of your reports and research what others in your score range are qualifying for to avoid having a fast one pulled over on you.

Overextending Yourself

Longer bad credit car loans might seem ideal because they come with lower monthly payments, but they may end up costing you more in the long run. If the vehicle’s total combined with the high-interest rates mean that you need to increase the term just to afford the payments, you cannot afford the car. At this point in your life, you don’t need a nice car—you just need a car to get you from point A to point B.

Bad credit car loans are a great option if you need transportation today and cannot wait until your credit score has been restored. However, be careful when working with bad credit lenders, and use the above advice to obtain the financing you can reasonably afford.

The Importance of Patience when Looking to Purchase a Used Car

If you’re on the lookout for a used car, you probably know about all the things you’ll need to think about in order to make your purchase worthwhile. While buying a car can definitely be an emotional experience, it’s certainly not a situation where your emotions need to rule the day. Keeping a level head and staying patient are very important things when you purchase a new car, as they can be the difference between finding a car that you kind of like and finding one that you absolutely love. It can also play a major role in the reliability of the car that you find. Researching your options before you head to shop can help you in this regard. Here are some of the reasons research is important when you’re in the market to buy a used car.

When you’re looking for a used car, you’ll want to make sure that the one you choose will last you. Whether you know a lot about cars or not, anyone can do basic online research to read about different models of cars. Reading about the overall reliability of a car will help you avoid buying one that won’t last very long. In today’s day and age, with the internet being more prevalent than it’s ever been, and growing by the minute in the amount of information you’re able to consume in a short amount of time, there’s no excuse for not doing your homework on your options for different car models.

You’ll also want to look into your options for dealers in your area that sell used cars. It’s a good idea to go to as many dealers as possible so you can test drive different models, as well as get information that may help you gain some leverage in the eventual negotiations.

Financing is an important step in the purchase of a used car, and we can help you with that. Visit us to find out what we can do for you today.

Where To Find Bad Credit Car Loans

There are several places where you can get a car loan, regardless of your credit, and some will be better than others. For instance, if you come down to the dealership and sit down with one of our finance specialists, then you can get the loan and the car that you want at the same time. Two things you want to look for in a lender is the loan availability and their reputation.

Loan Availability

Not every dealership, or other lender, can offer you a car loan if you have no or bad credit. This is why it is a good idea to check out our requirements and loan offerings before you start shopping for a vehicle. This can help keep you from finding the right car or truck for your needs and then not being able to purchase it. It can also help keep you from unfavorable terms because we can sit down with you and determine which available loan is the best for your needs.

Lender Reputation

The reputation of your lender can be important because it reflects the terms you are likely to get. When you get a loan from us, it is a good idea to ask any questions that you may have about the loan to ensure that you understand what is required of you, and of us, in the contract. This can help you get a better bang for your buck.

Finding bad credit car loans can be easier than you might think. We can help you find the car that you want for the financing options which will work the best for your needs. To find the best loans, please fill out our secure online credit application or to come to the best dealership and talk to one of our finance specialists.

These talented people can help you find the right options for your financial situation and help get you into a new car at the same time.

Providing Car Loans No Matter Your Credit

Are you looking for a used car? If you are, make sure you choose the right dealer because that simple decision will dictate the whole purchase. The dealership you decide to buy from should stock the highest quality cars, provide excellent financing, and offering service is a must as well. Our dealership can meet all of these expectations and more, so come in today to drive off in your new dream car.

Providing financing for any auto purchase is perhaps the most beneficial service a dealership can offer. It is just easier and more straightforward to receive credit through the dealer, rather than the bank. We specialize in bad credit car loans. Never let your credit score control your purchases. Even if you have been denied in the past, cars have lighter criteria when it comes to credit, so your score might actually be considered quite good. However, even customers with bad credit can get an incredible deal. Our team will work with you to meet your payment needs. We will create a payment plan that fits within your budget.

In addition to financing your car, you can be sure to find the exact vehicle you are looking for on our lot. We have a large selection and all our cars are of high quality. After all, there is no point in settling for a car you do not want. Come and browse our range of makes and models. Soon you will be cruising in your dream car.

Of course, it is important for a dealer to offer service as well. We would be glad to provide maintenance and repairs on your new car once you have driven it for a while. It is all part of our dealer’s way of serving you.

If you are considering buying a used car, come in and see us today, and you could be driving away in no time at all. We are sure that you will be impressed with our service.

Make Auto Loans Work for You

Without a functioning vehicle, some may find it impossible to perform daily tasks, such as commuting to work, shopping, or carting kids to and from school. Auto loans are an integral part of the buying process, and we are willing to work with you to negotiate a price that everyone can live with.

Things like budget, financial history, and credit score can all have an effect on the terms of a loan. Here are a few things to remember when negotiating a car loan. By keeping these tips in mind, you can rest assured you will procure a loan that’s just right for you.

Be Aware of Your Credit History

Before visiting one of our top-notch sales staff, be sure you are fully aware of your credit history. Your credit score is a huge factor in what type of interest rate you’ll ultimately end up with. There are numerous websites which offer free credit checks online, and for a small fee you can get a more comprehensive report. This will give you an indication of what type of loan you’ll be eligible for.

Arrange Financing Through the Dealership

Our dealership offers a number of financing options for many types of customers. Depending on your credit history, a low interest loan may be a distinct possibility. Our experienced salespeople will work closely with you to determine a loan that will work with your individual financial outlook.

Consider Putting More Money Down

A larger down payment can be extremely beneficial to procuring a reasonable loan. With more money down, the length of a loan may become shorter, and interest rates with be far easier to deal with. This is especially true for customers with faulty credit histories. A larger down payment can help lessen the financial burden associated with car loans.

No matter the financial situation, we can help you to determine the best possible outcome. With some assistance, you are sure to find the vehicle of your dreams at a price you can afford.