Comments on: Second Chance Auto Loans for High Risk Car Buyers http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/ How to get an Auto Loan with Bad Credit - Auto Credit Express Sun, 21 Mar 2010 01:19:38 +0000 http://wordpress.org/?v=2.6 By: Steve Cypher http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-3464 Steve Cypher Thu, 24 Sep 2009 13:19:29 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-3464 Sonja, Yes, there is hope for you. My first suggestion would be for you to contact your current lender to see if they would consider you for a new loan or the possibility of financing your current leased vehicle (since you have a good track record with them). If they turn you down, I would then suggest that you contact a credit union in your area to see if you might qualify there (credit unions are generally more lenient than banks). Finally, it that tactic fails, there are a number of subprime lenders that would consider you, even with the foreclosures (you want to consider subprime last, since the interest rate will be high). Since most subprime banks only do indirect lending, you will need to locate one of the high-volume dealers in your area that does special finance (high volume dealers have more leverage with lenders since they send tem more business), explain your situation and see what they can do for you. Sonja,

Yes, there is hope for you. My first suggestion would be for you to contact your current lender to see if they would consider you for a new loan or the possibility of financing your current leased vehicle (since you have a good track record with them). If they turn you down, I would then suggest that you contact a credit union in your area to see if you might qualify there (credit unions are generally more lenient than banks).

Finally, it that tactic fails, there are a number of subprime lenders that would consider you, even with the foreclosures (you want to consider subprime last, since the interest rate will be high). Since most subprime banks only do indirect lending, you will need to locate one of the high-volume dealers in your area that does special finance (high volume dealers have more leverage with lenders since they send tem more business), explain your situation and see what they can do for you.

]]> By: sonja http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-3452 sonja Tue, 22 Sep 2009 11:51:09 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-3452 please inform me about the possibility of receiving a car loan if i have two impending foreclosures on my credit. i am trying to sell the homes via shortsale. i have always had a car payment and always pay my car and other bills. I've been unable to keep up with the mortgages due to decrease in salary. Is there any hope for me to get a car loan? My current lease expires next month. please inform me about the possibility of receiving a car loan if i have two impending foreclosures on my credit. i am trying to sell the homes via shortsale. i have always had a car payment and always pay my car and other bills. I’ve been unable to keep up with the mortgages due to decrease in salary. Is there any hope for me to get a car loan? My current lease expires next month.

]]> By: Steve Cypher http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-2580 Steve Cypher Tue, 23 Jun 2009 17:36:14 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-2580 Mandee, Even though you are paying off your lawyer, you really should wait until the discharge order has been released by the court. That way, you can take advantage of the largest number of lenders possible. You can also get a bad credit car loan without a co-signer. Since everyone's situation is different, the best thing to do is to fill out the loan application at www.autocreditexpress.com. If you haven't heard from anyone in 24 hours, call the toll-free number at the bottom of the web page. Mandee,

Even though you are paying off your lawyer, you really should wait until the discharge order has been released by the court. That way, you can take advantage of the largest number of lenders possible. You can also get a bad credit car loan without a co-signer. Since everyone’s situation is different, the best thing to do is to fill out the loan application at http://www.autocreditexpress.com.

If you haven’t heard from anyone in 24 hours, call the toll-free number at the bottom of the web page.

]]> By: mandee http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-2563 mandee Mon, 22 Jun 2009 21:24:04 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-2563 We are paying our lawyer off this week for chapter 7 bankruptsy, can we get into a vehicle? do we need a down payment or can we just trade in a car? Also can we get into one without a co signer, we make @ 2000 a month,please let me know!THANKS MANDEE We are paying our lawyer off this week for chapter 7 bankruptsy, can we get into a vehicle? do we need a down payment or can we just trade in a car? Also can we get into one without a co signer, we make @ 2000 a month,please let me know!THANKS MANDEE

]]> By: Steve Cypher http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1794 Steve Cypher Tue, 28 Apr 2009 15:37:02 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1794 Zoe, Everyone's credit situation is different, but it certainly appears like you have a chance to get a car loan. go to www.autocreditexpress.com and click on the "Pre-Qualify" box. This will help determine if you have a chance. If you do, then fill out the application. Zoe,
Everyone’s credit situation is different, but it certainly appears like you have a chance to get a car loan. go to http://www.autocreditexpress.com and click on the “Pre-Qualify” box. This will help determine if you have a chance. If you do, then fill out the application.

]]> By: Zoe http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1783 Zoe Mon, 27 Apr 2009 23:34:27 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1783 I just checked by credit score and it was in the high 500's and what i owed on my credit was settled and paid off, one hospital bill one bank and one store credit card, i make about 1600 per month and i don't really have that many bills, would i get the chance to get a car loan? Thanx I just checked by credit score and it was in the high 500’s and what i owed on my credit was settled and paid off, one hospital bill one bank and one store credit card, i make about 1600 per month and i don’t really have that many bills, would i get the chance to get a car loan? Thanx

]]> By: Steve Cypher http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1653 Steve Cypher Wed, 15 Apr 2009 21:46:55 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1653 Leona, There is some additional information that we need to find out. Someone from Auto Credit Express will be in contact with you shortly. Leona,
There is some additional information that we need to find out. Someone from Auto Credit Express will be in contact with you shortly.

]]> By: leona http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1650 leona Wed, 15 Apr 2009 18:52:10 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1650 I was in auto accident in 07 and totaled my car. I have been unable to obtain financing for the past 2 years. I have had 3 bankrutcy dismissals last one in 2006. My score is 589, all my account have been paid off and my new credit I started in 2007 have never been late. I really can't do anything to improve my score because I'm already paying all my accounts on time. Is there really a second chance company out there that will finance me. I tried autocreditexpress last year but no luck. Been renting a car for two years @ a rate of $800 per month. Just need a break. I was in auto accident in 07 and totaled my car. I have been unable to obtain financing for the past 2 years. I have had 3 bankrutcy dismissals last one in 2006. My score is 589, all my account have been paid off and my new credit I started in 2007 have never been late. I really can’t do anything to improve my score because I’m already paying all my accounts on time. Is there really a second chance company out there that will finance me. I tried autocreditexpress last year but no luck. Been renting a car for two years @ a rate of $800 per month. Just need a break.

]]> By: Steve Cypher http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1509 Steve Cypher Mon, 06 Apr 2009 18:11:30 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1509 Dwayne, If there is no deficiency balance on the repossession (and your credit report is showing a zero balance on the loan) you may have a chance at a new loan. Because of the repossession, the lender is going to want a fairly substantial down payment on your next vehicle (as a rule of thumb, about $2,500 per $10,000). If you have that kind of down payment, go to www.autocreditexpress.com and fill out the application. If not, you can either save up for a down payment or try a "buy here pay here" lot. Dwayne,
If there is no deficiency balance on the repossession (and your credit report is showing a zero balance on the loan) you may have a chance at a new loan. Because of the repossession, the lender is going to want a fairly substantial down payment on your next vehicle (as a rule of thumb, about $2,500 per $10,000). If you have that kind of down payment, go to http://www.autocreditexpress.com and fill out the application. If not, you can either save up for a down payment or try a “buy here pay here” lot.

]]> By: Dwayne http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1503 Dwayne Mon, 06 Apr 2009 12:43:16 +0000 http://www.autocreditexpress.com/blog/2007/10/14/second-chance-auto-loans-for-high-risk-car-buyers/#comment-1503 I have a repossesion listed on my credit. It happened in Sept. 08. It was a voluntary repo and the balance was paid off when the company sold the vehicle. I am currently lookin to purchase a vehicle. I ran my credit to see for myself and it very high 5's and when i went to a dealer it was in the 4's. can you help? I have a repossesion listed on my credit. It happened in Sept. 08. It was a voluntary repo and the balance was paid off when the company sold the vehicle. I am currently lookin to purchase a vehicle. I ran my credit to see for myself and it very high 5’s and when i went to a dealer it was in the 4’s. can you help?

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