Comments on: Can I do a sign and drive with a bad credit auto loan? http://www.autocreditexpress.com/blog/2008/03/03/can-i-do-a-sign-and-drive-with-a-bad-credit-auto-loan/ How to get an Auto Loan with Bad Credit - Auto Credit Express Sat, 20 Mar 2010 19:53:07 +0000 http://wordpress.org/?v=2.6 By: Steve Cypher http://www.autocreditexpress.com/blog/2008/03/03/can-i-do-a-sign-and-drive-with-a-bad-credit-auto-loan/#comment-475 Steve Cypher Wed, 26 Nov 2008 21:54:43 +0000 http://www.autocreditexpress.com/blog/2008/03/03/can-i-do-a-sign-and-drive-with-a-bad-credit-auto-loan/#comment-475 Sylvia, If you still have credit issues, chances are you won't qualify for a lease, since leases, in general, are only offered to the most creditworthy customers. A higher income won't qualify you for a lease if your credit score is below prime. Here is one suggestion: if you are making more money, increase your monthly payment to the lender and make sure they understand that the difference amount is to be applied to the loan principle. That way, instead of having to wait four years before you escape the "negative equity" trap in your current vehicle, you'll only have to endure your current vehicle for 2-3 years. By that time, your credit rating will have improved (with on-time payments) and you will qualify for a better interest rate on your next vehicle. Sylvia,

If you still have credit issues, chances are you won’t qualify for a lease, since leases, in general, are only offered to the most creditworthy customers. A higher income won’t qualify you for a lease if your credit score is below prime. Here is one suggestion: if you are making more money, increase your monthly payment to the lender and make sure they understand that the difference amount is to be applied to the loan principle. That way, instead of having to wait four years before you escape the “negative equity” trap in your current vehicle, you’ll only have to endure your current vehicle for 2-3 years. By that time, your credit rating will have improved (with on-time payments) and you will qualify for a better interest rate on your next vehicle.

]]> By: sylvia traylor http://www.autocreditexpress.com/blog/2008/03/03/can-i-do-a-sign-and-drive-with-a-bad-credit-auto-loan/#comment-456 sylvia traylor Sun, 23 Nov 2008 15:42:14 +0000 http://www.autocreditexpress.com/blog/2008/03/03/can-i-do-a-sign-and-drive-with-a-bad-credit-auto-loan/#comment-456 I HAV A CAR LOAN WITH CONSUMER PORTFOLIO AND YES IT'S AROUND 23,000. I GOT IN TO THIS DEAL BECAUSE I WAS HAVING A HARD TIME GETTING A CAR LOAN DUE TO BAD CREDIT. I'VE TRIED SEVERAL DEALERS TO TRY TO GET THE CAR I'VE ALWAYS WANTED, BUT THE ANSWER IS ALWAYS NO. I;M NOW MAKING MORE MONEY, BUT I DONT WANT TO SPEND FIVE YEARS IN A CAR I DIDN'T WANT IN THE FIRST PLACE. IS THERE ANY HELP IN LEASING THE ONE I WANT AND LETTING GO OF THE ONE I BARELY DRIVE. I HAV A CAR LOAN WITH CONSUMER PORTFOLIO AND YES IT’S AROUND 23,000. I GOT IN TO THIS DEAL BECAUSE I WAS HAVING A HARD TIME GETTING A CAR LOAN DUE TO BAD CREDIT. I’VE TRIED SEVERAL DEALERS TO TRY TO GET THE CAR I’VE ALWAYS WANTED, BUT THE ANSWER IS ALWAYS NO. I;M NOW MAKING MORE MONEY, BUT I DONT WANT TO SPEND FIVE YEARS IN A CAR I DIDN’T WANT IN THE FIRST PLACE. IS THERE ANY HELP IN LEASING THE ONE I WANT AND LETTING GO OF THE ONE I BARELY DRIVE.

]]> By: Steve Cypher http://www.autocreditexpress.com/blog/2008/03/03/can-i-do-a-sign-and-drive-with-a-bad-credit-auto-loan/#comment-43 Steve Cypher Fri, 21 Mar 2008 15:12:19 +0000 http://www.autocreditexpress.com/blog/2008/03/03/can-i-do-a-sign-and-drive-with-a-bad-credit-auto-loan/#comment-43 Jeffrey, We would be glad to help you. The first thing that you need to do is go to our web site at www.autocreditexpress.com. Once you fill out the application, we will send it to our closest affiliate dealer that specializes in bad credit car loans. The dealer will contact you and get the process started. If you have any questions before you do this, call our toll-free number, 888-535-2277. Our customer service representatives are available between 8:30am and 5:30pm (EDT)to answer any additional questions that you might have. Jeffrey,
We would be glad to help you. The first thing that you need to do is go to our web site at http://www.autocreditexpress.com. Once you fill out the application, we will send it to our closest affiliate dealer that specializes in bad credit car loans. The dealer will contact you and get the process started. If you have any questions before you do this, call our toll-free number, 888-535-2277. Our customer service representatives are available between 8:30am and 5:30pm (EDT)to answer any additional questions that you might have.

]]> By: jeffrey brown http://www.autocreditexpress.com/blog/2008/03/03/can-i-do-a-sign-and-drive-with-a-bad-credit-auto-loan/#comment-42 jeffrey brown Thu, 13 Mar 2008 01:13:58 +0000 http://www.autocreditexpress.com/blog/2008/03/03/can-i-do-a-sign-and-drive-with-a-bad-credit-auto-loan/#comment-42 I need t purchase a vehicle, but my credit is really bad. I need help in dealing with the dealerships. I just found your site and I wonder if you could help someone like me. I need t purchase a vehicle, but my credit is really bad. I need help in
dealing with the dealerships. I just found your site and I wonder if you could
help someone like me.

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