Bad Credit Auto Loans using an Employee Discount

Individuals with bad credit that qualify for an employee or supplier discount might be able to save on no credit auto loans

Answers

If you have bad credit, you may be wondering if your employee or supplier discount can still be used with a bad credit auto loan.

We know, because here at Auto Credit Express we’ve been working bad credit buyers for over two decades. We’ve helped hundreds of buyers get online auto loans while showing them how to avoid a tote the note dealer (outside our retail areas applicants can fill out our online car loans bad credit application to find the right dealer) while educating them on the loan process (to prevent repossession).

The cost of new vehicles being what they are, most poor credit auto loan customers will choose a low-mileage used car. But, there are a number of people who may find that financing a new car with a problem credit auto loan could be more affordable than they might have thought.

Auto employee new car discounts

If you are a Chrysler employee, retiree or a friend of an employee or retiree or work for an affiliate company (Employee Advantage employee purchase, friends program, affiliate company program), a Ford employee, retiree or a friend of a Ford employee or retiree (A-plan, S-plan or X-plan) or a GM employee, retiree or preferred supplier or a friend of a preferred supplier (GMO, GMS), you can use that manufacturer’s discount to lower the purchase price on any new eligible vehicle on a dealer’s lot.

In most cases, you can also deduct dealer new car incentives from this special pricing for an even bigger discount. But just because you qualify for one of these plans doesn’t mean you can necessarily use it when financing with poor credit car loans.

Employee new car discount issues

Even though you are eligible for one of these discount programs, a problem credit auto loan is different than a traditional car loan. Once these lenders determine the budget and interest rate you qualify for, the finance department will then give you a choice of vehicles that fit these requirements. The finance manager will also let you know whether a new car eligible for an employee new car discount meets the problem credit auto loan guidelines. The fact is, in some cases it will and in some cases it won’t.

Finding the right dealer

Just because a dealer in your area happens to sell the type of vehicle that qualifies for your employee discount doesn’t necessarily mean that dealer works with customers with poor credit. That’s why we suggest you first find a dealer – even if you currently might have a discount certificate.

At Auto Credit Express, we specialize in placing customers with bad credit with dealers that are experienced in bad credit and work with a variety of lenders to ensure your best chance at getting approved for an auto loan.

So if you are serious about getting your car credit back on track you can begin now by filling out our problem credit auto loan application.

Posted on May 17, 2011 by in Auto Loans, Bad Credit, New Cars
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