If you have bad credit, there are ways that you can increase your chances of an auto loans for bad credit approval.
What we do
Getting back on your feet after a financial setback such as a job loss can be difficult enough even with good credit, but if you have bad credit that may only be the fault of the economy, your problems can multiply. This is where web sites such as www.autocreditexpress.com can make the process of reestablishing your car credit and improving your credit scores easier.
We have helped thousands of applicants just like you rebuild their auto credit simply by filling out our car loans with bad credit online loan application. By avoiding a tote the note dealer, you can begin a new chapter in your life with a loan approval through one of our affiliate dealers for a second chance auto loan.
One of the reasons so many consumers visit our site is because we’re truthful about what it will take to qualify for a bad credit auto loan. We want you to know that this credit repair process can be an expensive one because of the high interest rates associated with these types of subprime loans.
We also want you to be aware of the fact that, on your own, you may not be able to find a dealer in your area that will be able to help you get financed for a car.
Finding dealers that know special finance
One of the biggest obstacles to getting approved if you have bad credit is finding a car dealer that specializes in car loans with bad credit. While many dealerships advertise that they do these types of loans, a good share of them are buy here pay here or tote the note dealers. While these dealers may be able to put you in a car, they usually won’t report your loan payments to the credit bureaus. In other words, they may solve your transportation problems in the short term, but if your FICO scores don’t improve, you’ll be in the same situation the next time you need a car loan.
There is another reason you should think twice before going to a dealer that offers in house financing. Most of these buy here pay here used car lots are small businesses that are not affiliated with a new car franchise. Because of this, the inventory that they carry usually consists of older, high-mileage cars. These cars, due to their age and mileage, can be unreliable and any warranty that they carry is usually very short, if they have one at all.
Many new car dealers, on the other hand, don’t want to get involved with bad credit financing. Unlike regular new car financing, bad credit car loan financing requires special training for dealership employees. Dealerships also need to stock the right kind of cars in their inventories. As a result, a great many new car dealers have neither the time nor the patience to maintain a special finance department and purchase the right vehicles for inventory.
What we can do for you
Fortunately, the internet has changed the way customers – with good credit as well as bad credit – buy cars. Online web sites, such as ours at www.autocreditexpress.com match the needs of bad credit customers with a network of dealers that specialize in bad credit auto loans. These dealers use a wide spectrum of lenders that will report your payments to the credit bureaus. A loan taken out through one of these dealers with one of their lenders gives you a number of advantages over a tote the note dealer:
1. You will be able to choose a vehicle from a much larger inventory.
2. Because of stringent lender requirements, these vehicles are either new cars or newer used cars with lower miles.
3. Most of these vehicles are eligible for service contracts that can cover the entire term of the loan, thus avoiding potentially catastrophic repair bills.
4. Since the lenders report to the credit bureaus, your timely payments will contribute to a better credit history and a higher FICO score.
Apply at Auto Credit Express for a bad credit auto loan
If your FICO score is below 640, you will probably need to apply for car loans with bad credit. The good news is that we have helped thousands of people with bad, blemished, bruised and tarnished credit buy cars and reestablish their auto credit at the same time. Our nationwide network of affiliate dealers specializes in bad credit car loans. Our web site, www.autocreditexpress.com, will help you determine how much car you can afford and unlike other sites, our toll free number is listed on every page, in case you have any additional questions.
So why not begin the process right now by filling out our secure online bad credit car loan application to see what we can do for you.
Get your free credit score now! Get a copy of your most recent credit score.
Are you paying too much on auto insurance? Compare rates in your area and save.