Car buyers that have experienced problem credit and whose income largely relies on tips typically face a number of problems when applying for a car loan.
Car shoppers that have experienced some type of problem credit will find that it’s not just income but an individual’s income after expenses that subprime auto lenders consider most important in determining whether or not they’ll qualify for an auto loan.
For car shoppers with past problem credit or even those with absolutely no auto credit at all (that is, they’ve never had a car loan) where they decide to apply for one can often mean the difference between a loan approval and a credit denial.
Here at Auto Credit Express we’ve found that car buyers with problem credit often don’t know what will happen once they’ve begun the process of applying for an auto loan.
Car buyers with bad credit often ask us if they can get preapproved for a car loan because they’ve heard they can from the information they’ve read on other web sites.
Car buyers with problem credit often ask this question about the auto loans offered by our affiliate dealers: “Can I buy a car with bad credit and no money down?” The answer, in most cases, is “no” – unless they have a trade-in with a cash value that meets the lender’s requirements.
Military personnel with poor credit on active duty or, even in some cases, in the active reserves may find themselves eligible for what could be considered as an additional new car incentive.