If you have no credit history and need to buy a car, it might occur to you to get a cosigner for your auto loan. However, you may get a better rate if you act as the cosigner.
Trading in a car with a lien on the title is possible, but that lien has to be removed before the vehicle can legally be sold to the dealership.
It’s never a good idea for self-employed individuals to abuse tax deductions, and this is especially true if they have bad credit and need to buy a car.
If you have bad credit, getting approved for an auto loan involves a different process. The lenders that work with applicants with poor credit evaluate many factors, including your credit, income, and employment situation when determining whether or not you qualify. Believe it or not, your employment status is going to play a role.
Getting approved for a car loan can be a difficult process if you have bad credit. It can even be more complicated if you receive disability income.
Auto Credit Express can help residents of Seattle and Tacoma, WA get approved for subprime auto loans, regardless of what shape their credit is in.
If you’re curious about how much you should put down on your vehicle, there are calculators available online. There are approval amount calculators, monthly payment calculators and down payment calculators.