Car buyers with problem should know why dealers advertising rent to own car loans could care less about their credit situation while dealers that offer higher risk car loans view this situation differently.
We are often asked by car shoppers with poor credit, “How hard is it to get a car loan?”
While the best things in life are not always free at least in this case it happens to be true even for car shoppers with problem credit that want to know where they stand before applying for an auto loan.
In our experience consumers with questionable credit in many cases wonder why it’s so hard finding a lender that’s willing to consider them for a car loan.
Car buyers that have experienced problem credit and whose income largely relies on tips typically face a number of problems when applying for a car loan.
To either regain or establish auto credit car shoppers with problem credit may need to apply for a car loan with a higher-risk lender.
Car shoppers that have experienced some type of problem credit will find that it’s not just income but an individual’s income after expenses that subprime auto lenders consider most important in determining whether or not they’ll qualify for an auto loan.