The question “How much will I get approved for?”, especially for credit-challenged car buyers, can only be answered after a lender has taken a close look at their income, debts, credit score and other aspects of their credit profile.
With monthly payments and loan terms increasing, buyers with poor credit who understand their credit reports, know their credit scores and have at least ten to fifteen percent cash down and/or trade equity will have a better chance of getting their application for an auto loan approved.
For the past two decades at Auto Credit Express, consumers have entrusted us with their personally identifiable information. We have never taken this trust lightly and, during that time, we’ve maintained top marks with the Better Business Bureau as well as Google +.
Although the subprime auto loan market continues to thrive, borrowers with large down payments and lower loan to value ratios will continue to have a better chance of getting financed.
Credit challenged consumers should check their sales contract carefully before signing on the dotted line especially for Conditional Sales Contracts.
More jobs and less expensive gas are usually good things, but throw in the Thanksgiving holiday and drivers across America could be facing longer delays this year as they wend their way to family get-togethers.
That bit of information is courtesy of the annual Thanksgiving Traffic Forecast from INRIX, a big data technology company whose global headquarters are located in Kirkland, Washington.
While Auto Credit Express is not a lender, a number of dealers in our network do offer weekly payment options. Looking at both the indirect monthly subprime loan payment schedule as well as the buy here pay here weekly loan payment schedule, whichever one a consumer chooses will generally depend upon their current credit situation.