At Auto Credit Express we’ve noticed that some reports from Experian Automotive, even those that don’t directly address the issues of bad credit buyers, often contain nuggets of information dealing with subprime car loans.
Car buyers with bad credit often have difficulty locating the right kind of car dealers that are willing to help them.
Applicants for auto loans that have poor credit often pose the question “how does auto leasing work” and want to know if there is a chance they might qualify for this type of financing.
In a move that definitely helps consumers with bad credit searching for online car loans, those shopping for used cars now have the ability to pull up a vehicle history report on a majority of the smart phones sold in the U.S.
Consumers with poor credit who have been rejected by a traditional lender for a car loan sometimes resort to desperate measures which can lead to being taken in by online scammers.
More than a few credit-challenged car buyers choose a BHPH dealer not only because there is no credit check involved, but also because they believe it’s their only option if they’ve been turned down for a conventional auto loan.
For car buyers who have gone through some type of bankruptcy and now have generally poor credit, believe it or not this is actually a good time to apply for an auto loan instead of heading to the local BHPH car dealership.