If you're experiencing bad credit issues you are not alone. Many Americans are going through the same thing right now, due to the economic recession, which includes losing their jobs, homes, and vehicles. Fortunately, there are ways to obtain the things you need for everyday life such as a car - even if you haven't been able to get approved for a bad credit auto loan. One solution is rent to own cars through one of Auto Credit Express' accredited dealerships.
A rent to own car is a vehicle that is given to consumers under the conventional agreement that they will make weekly payments for a fixed term, and at the end they'll own the car. Generally, these arrangements require no credit check making it easy for anyone with poor credit to get into a car they desperately need, as long as they have a steady income and residence.
Typically the process of getting a RTO vehicle is pretty simple. You fill out our online pre-approval application to see what can fit into your monthly budget. We will then set you up with one of the hundreds of dealers in our network that is near your home town. You will visit the dealerships, meet with the salesperson that will help you choose the car of your liking, and then you place a down payment on the car, truck, or SUV. You can then drive the vehicle home and make weekly payments right at the dealership.
Most RTO auto financing is a minimum of 12 months and a maximum of 36 months. Each payment you make during that time is applied to the balance of the vehicle. Therefore, at the end of the term you own the car outright, after paying any left over balance between the car purchase price and the amount you've paid during your loan.
If you've ever financed or leased a car in the past you may be wondering what the difference is between getting a rent to own vehicle and leasing a vehicle. There are a few major differences including:
As you can see there are many differences between leasing a car and getting a rent to own car, but it's not all different. In fact, there a few similarities, such as they both come with fixed payments and the payment terms usually last between 2-3 years.
Suffering from bad credit can leave you feeling hopeless and stressed when looking for auto loans, but with a rent to own vehicle you don't have those worries. There are many benefits in our rent to own car programs to take advantage of when you have a low credit score.
Unfortunately, with all advantages must come disadvantages, and RTO programs are no different. Here are the minor downfalls of rent to own car lots:
If after seriously weighing the pros and cons of rent to own cars you decide this is the best option for you, you can apply online now. The RTO dealerships we work with are accredited and legitimate businesses, and are located throughout the United States and Canada.
The vehicles sold are thoroughly inspected by in-house mechanics before being put out on the lots. This should give you the peace of mind that you are getting a rent to own car that is reliable, well running, and affordable.
Get pre-qualified online in about 3 minutes with little or no money down.Click to Drive
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