When you need a car and want it to be easy on your monthly budget, it can be tempting to get the longest loan term you can in order to get the nicest car possible. But if you are dealing with damaged credit, this goal may be difficult to achieve, and frankly, not worth it.
There are a few reasons why you may be tempted to pay cash for your next vehicle. However, believe it or not, there is a compelling argument to be made for taking out an auto loan instead of using cash.
Taking on a car loan is a big decision, and it is an even more difficult decision to make when you are dealing with tarnished credit.
Many people choose to put their tax checks towards something vehicle related. If you’re spending your tax refund on a car, make sure that you’re thinking in terms of long term benefits.
Here at Auto Credit Express, we seem to always be getting asked how our process works. Here’s how the subprime auto loan process goes when you work with us.
Only a lender can tell you if you qualify for an auto loan. In addition, filling out an application to pre-qualify usually results in a hard inquiry.
Odd as it may sound, Auto Credit Express is similar to Rudolph the Red-Nosed Reindeer because we guide those with bad credit towards auto loan approval.