But it’s also true that consumers with bad credit who want to know the best way to buy a car with poor credit should also know which facts are not considered, at least by FICO, when a credit score is computed.
Car shoppers with questionable credit that have received a loan approval with the option of a new car might want to check out this list of quality small cars we’ve picked out from an article that was published last year by the experts at Kelley Blue Book.
At Auto Credit Express a question we frequently receive from consumers with questionable credit looking for online auto loans is “can you finance a car without credit?” Some also want to know if they can finance a new car.
Consumers going through a divorce that have cosigned for their spouse’s car loan need to be aware of how lenders view an auto loan contract that was previously executed even though this is addressed in the divorce decree.
A study conducted back in 2011 by Experian Automotive makes it clear that consumers with bad credit who finance used cars with subprime auto loans are at greater risk to be the targets of fraud than the average buyer.
Car owners with poor credit on tight budgets who finance their vehicles with higher-risk car loans are often especially sensitive to the costs of car insurance.
The current grading system for businesses used by the Better Business Bureau makes it much easier for consumers with poor credit to compare the various online auto loan websites.