Consumer Car Buying Advice Blog

Many internet blogs will tell you just what you want to hear about the best car loan interest rates – even with bad credit. They’ll say car dealers will inflate the interest rate, sell you a car for twice what it is worth and force you to buy useless add-ons to inflate their profits. In most cases, nothing could be further from the truth.

Are all car dealers really that bad?

I firmly believe that most car dealers get a bad rap. That isn’t to say that there aren’t some bad apples out there, but, for the most part, car dealers are just trying to make an honest buck. Unfortunately, it’s getting harder and harder to do that in today’s market. Average new vehicle gross profits are down, while the costs of doing business are rising every year. Smaller “mom and pop” stores are either being bought up by the bigger dealers or are simply going out of business. Add to this the current sales slump and, right now, for most, it’s not a lot of fun being a car dealer.

The Internet

Now let’s bring the internet into the picture. As a communications tool, it’s unprecedented. As a way to disseminate accurate information, well, it has its drawbacks. Anyone (and, lately, it seems like everyone) can post their opinions here. Accuracy, it seems, has taken a back seat to immediacy.

In this case, I am talking about bad credit car loans. Many internet web sites and blog articles will tell you to shop around for a bad credit car loan before you go to the dealer. That way, with loan in hand, you can negotiate a better deal.

The Best Car Loan Interest Rates for Bad Credit Car Loans

While this might work for conventional loans, the bad credit car loan universe is much different. In the first place, because of current market conditions, many subprime car lenders have exited the direct lending business. This means that there are fewer lenders to choose from. In the second place, you don’t know, in advance, if you will be approved. If you aren’t, an inquiry will appear on your credit report and you still won’t have a car loan.

In other words, you started out looking for the best car loan interest rates and now all you have to show for it is the potential for a lower FICO score. Not a good thing.

How Auto Credit Express can help

For years, Auto Credit Express has been helping people with credit problems purchase new and dependable low-mileage used cars. We are experts when it comes to finding the best car loan interest rates – whether you have good credit or poor credit. When you visit our web site, you will see that we take time to explain the financing process. Our FAQ page covers the basics, while our calculators will help you determine a realistic budget. If you still have questions, we have customer service representatives who are knowledgeable in special finance that are available during business hours. Simply call the toll free number listed at the bottom of any web page.

Once you’ve made a decision to apply, our secure online car credit application allows you to submit your application in the comfort and security of your own home. Once you’ve applied, you’ll be contacted by a finance professional from a dealership that belongs to our network of affiliated dealers. These folks specialize in bad credit car loans and will work with their lenders to get you the best car loan interest rates they possibly can. Once you are approved, your timely monthly car payments will help rebuild your credit score and reestablish your financial future.

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