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.

There is certainly nothing wrong with a lease to own vehicle if a borrower's credit is really bad and they have no other alternative. On the other hand, if they can qualify for a subprime loan, the advantages include newer vehicles with lower miles, vehicle warranties that often cover the entire loan term and the chance to reestablish their credit and improve their credit scores.

We have been in the bad credit car loan business long enough here at Auto Credit Express to realize that one of the most difficult approvals to receive is for credit challenged consumers who are waiters, waitresses, or anyone else that depends on tips for much of their earned income.

The New Year brings with it, in many cases, additional requirements for subprime auto loans. This means that borrowers with credit issues should typically be prepared to furnish the previous year's W-2 in addition to their most current pay stub.

Ever wonder about those advertisements for no credit check car loans, easy credit auto finance or no income auto loans? If you're someone with questionable credit, before clicking on the link you might want to consider an alternative solution.

If all or part of an applicant's income doesn't appear on a W-2 statement, this can adversely affect their auto loan application especially if they have bad credit.

Both private and SSI disability income is usually an issue with any car loan but it’s an even bigger problem if the buyer has tarnished credit. For most borrowers in this situation, the only alternative is a buy and pay here, tote the note, dealer that offers in-house financing.

Some subprime lenders will allow income from a part-time job to be added to an applicant's regular income.

Although it may look similar, an ITIN is not a Social Security Number. Since anyone with an ITIN is not eligible for an SSN, these consumers are also not eligible to take out a loan here in the U.S.

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.