While it can be a problem even with good credit, car buyers with bad credit will find it especially difficult getting out of a car loan if they owe more on their current vehicle than it appraises for.
If you’re someone with questionable credit you may be wondering how you can offset the higher interest rates found on the auto loans underwritten by subprime lenders. Here at Auto Credit Express we believe that one way you can do this is by first picking the right type of vehicle and then taking a closer look at your car insurance.
Car dealership finance managers sometimes refer to it as “fully protecting” an auto loan and even customers will bad credit will get a sales pitch on it once their credit application is approved.
Car shoppers with bad credit should take a look at the list we’ve compiled from the latest Consumer Reports list of used cars before signing up for an auto loan.
Here at Auto Credit Express one question we get from applicants visiting our site, most of whom have problem credit, is “can you buy a new car with bad credit” with the car loans offered by the higher risk lenders our dealers are signed up with.
Here at Auto Credit Express we try to stress to our applicants, most of whom have questionable credit, that as their FICO scores improve due to timely payments on their auto loans, so do their chances of becoming victims of identity theft.