What sign and drive means for credit challenged individuals that need a problem credit auto loan
What you can learn
If you have bad credit you may be wondering if you qualify for a sign and drive loan that requires little or no money for a down payment.
We know the answer because we’ve been involved in bad credit car sales for close to two decades here at Auto Credit Express.
To help answer questions we designed web site for buyers that explains the no credit auto loans process so credit-challenged applicants can bypass tote the note dealers and learn the facts about issues such as repossession and sign and drive horrible credit auto loans.
Sign and drive auto loans
Although it’s a type car loan, sign and drive is actually a lease program. Under this program, buyers are able to start a lease by paying only the taxes, title and license fees. Usually, leases require you to make the first monthly payment plus a security deposit in addition to those three fees as part of the upfront costs.
Sign and drive car loans with bad credit
Practically all bad credit car loans are used for buying, not leasing, a vehicle. Not only is leasing rarely available to bad credit customers, the “sign and drive” option is typically offered only to buyers with the best credit scores. Because of this, bad credit customers will not qualify for a sign and drive program.
Don’t be discouraged if you’re unable to qualify for a sign and drive lease right now. While the program is not an option for buyers needing horrible credit auto loans, there is something that can be done.
By first taking out a bad credit auto loan and making those payments on time, you can use this to establish your auto credit, raise your FICO scores and eventually qualify for one of those sign and drive programs.
In fact, at Auto Credit Express we help people with credit difficulties find a dealer for their best chance at an approval for a bad credit car.
So if you’re serious about getting your car credit back on track, you can begin right now by filling out our online car loans bad credit application.
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