Auto Credit Sign and Drive Loans

Customers with bad credit may be wondering if they qualify for a sign and drive bad credit auto loan

We know bad credit

With bad credit you might be wondering if you can avoid coming up with a down payment by using a sign and drive option for a bad credit car loan.

We’ve answered this question many times before during the two decades we’ve been working with bad credit buyers here at Auto Credit Express. In fact, over the past 20 years we’ve helped hundreds of retail buyers get financed while helping them avoid a tote the note dealer (buyers outside our area can fill out a bad credit auto loan application on our web site) and educating them about auto credit loans (to help them avoid repossession).

So is it possible to qualify for a bad credit auto loan using sign and drive?

Sign and drive

Although it’s a car loan, sign and drive is a type of lease program. Using sign and drive, a buyer is able to begin a lease by paying only the taxes, title and license fees at delivery. A lease typically requires you to make the first monthly payment plus a security deposit in addition to those other fees as part of what is known as upfront fees or “up fronts.”

Sign and drive with bad credit

Practically all auto credit car loans are used for purchasing, not leasing, a car. Not only is leasing rarely available to bad credit consumers, the “sign and drive” option, when available, is typically reserved only customers with the best credit scores. Because of this, bad credit customers won’t qualify for a sign and drive program.

The alternative

Don’t be discouraged if you’re unable to qualify for a sign and drive lease right now. While the program is not an option for bad credit buyers, there is something you can do.

The bad credit auto loan process can be a step to better credit. By doing this and making your payments on time, you can use this type of loan to reestablish your auto credit, raise your FICO scores and eventually qualify for a sign and drive program.

Auto Credit Express has helped thousands of people with bad credit buy cars and reestablish their car credit through a nationwide network of affiliate dealers that specialize in second chance auto loans.

So if you are serious about getting your car credit back on track, you can begin the process right now by filling out our secure online bad credit car loan application.

Posted on May 1, 2011 by in Auto Loans, Bad Credit, Lender Companies
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