It can be hard trying to get approved for an auto loan with bad, thin or no credit. You need to be aware of the major factors that dealers and lenders use when determining auto loan approval.
No one wants to spend more money than necessary on an car loan. And the best way to avoid throwing your money away on a car purchase is to avoid making one of these all-too-common errors.
Why would you willingly go into debt, pay an interest rate and saddle yourself with a monthly car payment? There are actually some very sound reasons for choosing financing over cash.
Veterans and active duty military that qualify for a new Chevrolet, Buick, GMC or Cadillac vehicle, a few of which that would work if they have bad credit, can take advantage of an expanded military discount program that ends January 4th, 2016.
Like most things in life, there is a right way and a wrong way to go about securing a subprime auto loan. You only have a small window of time to make a good impression on the dealer, and there are a few things you can do to improve your chances of approval.
Upon submitting an application for a credit card or loan, you grant a potential lender permission to ask or “inquire” for a copy of your credit report from a credit bureau. How does this affect your credit score?