When you have bad credit and need a vehicle, the car loan process becomes slightly more complicated. If you want to secure auto loan approval, you are going to have to meet the requirements of a subprime lender. Here are the basic qualifications they are looking for.
If you find yourself falling behind on your monthly car payments, an auto loan deferment from your lender can really help. But, especially if you have bad credit, just be sure you understand what doing this will cost you.
A vehicle repossession can be a big setback in life, but you may be able to recover from it over a period of time. Many lenders are willing to approve individuals with damaged credit, and your chances could be improved by following specific steps.
Many of our applicants and potential applicants want to know how much they will be approved for before even visiting a dealership. The truth is, only a lender will be able to tell you how much your approval amount will be.
There are a lot of myths and misconceptions about car dealerships, salespeople and finance managers. Everybody thinks that car salespeople are trying to pull a fast one on them, but that usually isn’t the case.
Got a car you still owe money on but need a new one? Then you’ll need to Trade-in or Sell. The question is though, if your loan is not paid off what happens to it?