Consumer Car Buying Advice Blog

If your credit score only qualifies you for a subprime or bad credit car loan, it isn’t that easy finding a bank or a loan company. The best advice is to find a car dealer that specializes in helping customers with bad credit. This is why.

Auto Credit Express – the bad credit experts

Here at Auto Credit Express, we know that there is a difference between choosing a bank for a regular car loan and a bank for a bad credit car loan. If you are unfamiliar with the process, here is what you need to know:

If you have good credit

If you have good credit – that is, if your FICO score is over 640 – you can shop around for a bank and get the best rate possible. As in any type of loan, the higher your credit score, the better the interest rate.

If you have a low credit score

If your credit score is below 640, the process is much different. There are over 30 lenders that do subprime car loans. Many of these lenders are smaller local and regional banks, while some lend to customers in all 50 states. Their lending requirements are all different and most of them do not do direct lending. In order to arrange financing for one of their programs, you have to go to a car dealer that has “signed up” with them.

What is the best way to find a dealer?

You can look through the newspaper or the yellow pages. You can even drive around to every dealer in the area to try and find one that can get you financed. Unfortunately, this takes time. I could also lower your credit score even further by increasing the number of inquiries on your credit report.

The easiest way to find a qualified dealer who specializes in bad credit car loans is to go to our web site at www.autocreditexpress.com. Here you can not only determine your budget for a car with one of our calculators, you can also fill out an application in the convenience and comfort of your own home. We have over 500 affiliate dealers that specialize in bad credit car loans. They will able to place you with the best bank for your credit situation.

The Bottom Line

Here at Auto Credit Express, we specialize in placing customers with bad credit with dealers that can help them. Our affiliate dealers are knowledgeable and will treat you with the same high respect that they treat every customer that walks through their doors. If you have any questions that our web site can’t answer, feel free to call us at the toll free number listed there. Our specialists have all had experience in automotive special finance and will be glad to answer your questions. You can then fill out our car loan credit application and begin the process.

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