When it comes down to it, consumers applying for auto loans should place the most dependable cars at the top of their shopping lists especially if they have questionable credit.
Vehicle repossession is never a good thing. In fact, having your car repossessed is one of the worst things that can happen to you as far as lenders are concerned.
Car buyers with questionable credit may not realize it but by signing up for auto loans from higher-risk lenders they are also putting themselves on track to save even more money down the road.
Car shoppers who have been turned down by traditional lenders have been known to be taken in by online scams, some of which spoof reputable websites.
We know that consumers with credit issues don’t always have the time to apply for a car loan either from work or when they’re at home.
Many of the applicants we send to our dealer network can further improve their credit scores by either paying for or setting up their own credit monitoring service.
Although it doesn’t go as far as the recent enhancements that have been made to programs from both Chrysler and Volkswagen, recent changes to Ford’s certified used car program mean that even consumers with questionable credit can shop with greater confidence.