Consumers that have experienced past bad credit that are in the car market are sometimes unable to distinguish between the auto loan programs
offered by the special finance departments of franchised new car dealers and those offered by buy here pay here car lots.
Car buyers facing credit issues should be aware of the fact that the latest report from Experian Automotive finds that finance company auto loans to consumers with bad credit experienced an increase in the 30-day delinquency rate during the fourth quarter of 2012.
Applicants visiting our site that have experienced some type of past bad credit often ask if it’s possible to finance a new car with the auto loans our dealers offer.
But there is a type of auto insurance that, even under these circumstances, could make the car insurance premiums for some people with questionable credit more affordable.
It’s a fact that more car buyers with less than perfect credit choose to finance used cars because they’re usually more affordable. But, among other
things, there’s also the chance that they may be checking one out that has one or more open recalls.
Knowing that people with credit problems are especially susceptible to buying cars that may have hidden damage, it’s important that they know how to tell if the car they are considering financing falls into this category.