Consumer Car Buying Advice Blog

If you have bad credit and you qualify for an employee or supplier discount from one of the auto companies you could save money when buying a new vehicle with a bad credit car loan

New or used

At Auto Credit Express we know that with the cost of new vehicles rising every year, most credit-challenged customers that fill out our bad credit auto loan application and get approved by one of our dealers for a second chance car loan will choose a used car. By avoiding a tote the note dealer and qualifying for car loans with bad credit at one of our affiliate dealers, you will not only be reestablishing your auto credit, you will be able to raise your credit scores at the same time.

Unlike tote the note dealers, our auto loans for bad credit originate with lenders that report this payment history to the credit bureaus, which can result in raising your FICO scores and improving the contents of your credit report.

But you need to be careful. A car that’s too expensive can stretch your budget and result in repossession. And while, because of this, most of our applicants will conclude that it makes more sense to go with a 2 or 3-year-old used car, there are a number of people who may find that financing a new car with a bad credit car loan is even more affordable than they might have thought. This is why:

Where we are

Since our corporate headquarters is located in Michigan and we have dealt with a large number of consumers as well as retail car dealers in our area, one of the questions we often get at Auto Credit Express is whether or not they can use either their employee or their supplier discount from their employer or one of the auto companies in order to purchase a new car at a reduced price and finance this vehicle with a bad credit auto loan.

The plans you can use

If you are a Chrysler employee, retiree or a friend of an employee or retiree (Employee Advantage), a Ford employee, retiree or a friend of a Ford employee or retiree (A-plan, S-plan or X-plan) or a GM employee, retiree or preferred supplier or a friend of a preferred supplier (GMO, GMS), you can use that particular manufacturer’s employee discount to lower the purchase price on any new eligible vehicle on the lot. This is because the discount applies to the vehicle and has nothing to do with where you get it financed. But just because you qualify for one of these plans doesn’t mean you can necessarily use it.

Why it won’t always work

Even though you are eligible to apply the discount to any vehicle, the auto loans for bad credit process works differently that the regular car loan process. Once the lender determines how much car you budget for, the special finance department will then give you an idea of the kind of vehicle that will fit the bank’s program, and whether or not that budget will support a new car that’s eligible for a manufacturer’s employee discount.

Check with us first

Just because the franchised dealer in your area happens to sell the type of vehicle that qualifies for your employee discount doesn’t necessarily mean that dealer works with customers who have bad credit. That’s why even though you currently might have a discount certificate; we still recommend that you fill out our online bad credit car loan application first.

Here at Auto Credit Express, we have helped thousands of customers with bad credit buy cars and reestablish their auto credit at the same time. Our network of affiliate dealers has the experience and expertise to work with special situations such as yours to make sure you get the best opportunity to use your Chrysler, Ford, or GM employee discount.

So if you are serious about getting your credit back on track, you can begin the process right now by filling out our secure online bad credit auto loan application.

Tags: auto credit, Bad Credit, credit, credit bureau, credit bureaus, credit score, credit scores, employee discount, fico, FICO score, fico scores, gm employee discount, repossession, tote the note

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