If you know anything about auto financing, you know the longer you stretch a loan, the lower your monthly payments. A low monthly payment may sound great, but it’s not always the best option – especially if you have bad credit. Not only can you save money by keeping a loan term short, but you’ll be more likely to complete your loan before something unexpected happens as your vehicle ages.

While these loans can be more expensive than traditional ones, due to higher interest rates and down payment requirements, there is one big positive to focus on. A bad credit auto loan gives you a chance to improve your credit. All you have to do is make every payment on time.

May is National Military Appreciation Month and military personnel on active duty, even those with credit issues, can sometimes take advantage of special military discounts, offered by many car manufacturers, which can make a new car more affordable.

If you're dealing with credit issues, getting approved for a car loan may seem like a challenge. Here are some tips on preparing for an auto loan when you have bad credit.

If your credit is in bad shape and you need to finance a car, you'll likely run into problems finding a dealership that's willing to help.

Want to get good interest rates and deals on an auto loan? It all comes down to one thing: your credit rating. When you have great credit, the sky is the limit. You can qualify for great offers like 0% financing, no money down offers, and low cost leases. But when you have damaged credit, your options may be initially limited, but as long as you take steps towards rebuilding your credit, you can improve your chances for those great offers in the future.

While a balloon car loan can reduce the monthly payment on a vehicle, lenders that offer these loans, because of the higher risk involved, usually only approve them for their most credit-worthy borrowers.

Striving toward the purchase of a dream car but credit problems have you stuck? Long summer days often have people wishing they were cruising in the car of their dreams. Achieving this dream is possible, but for individuals with credit challenges, it may take some work first. Rather than being stuck in the mindset that you will only purchase one specific vehicle, a little flexibility goes a long way toward making your dream a reality.

Subprime lenders take many factors into account when making an approval decision. Brad recently learned this after his auto loan application was denied. So, he set out to figure out why his application was rejected.

When you are dealing with damaged credit, it is best to save time by following a buying process. At Auto Credit Express, we make it easier for car buyers with bad credit to find the auto financing they need.