For consumers with problem credit shopping for a vehicle and applying for an auto loan at a used car lot might seem to make sense but this is not always a good idea
What we know
Car shoppers with questionable credit often believe that one used car lot is the same as another when it comes to applying for an auto loan. The problem with this is if these consumers don't want to be in the same credit situation the next time they need a car they'll need to get a bit choosier.
Here at Auto Credit Express we know why this is the case because we've spent more than two decades helping buyers with bad credit looking for online car loans find those dealers that can offer them their best opportunities for a loan approval that will also give them the best chance to reestablish their auto credit.
High risk car loans
Car loans from higher-risk lenders go by many names - with second chance car loans and subprime car loans being just two of them. But whatever they're called the fact is that these loans offered by a number of national and regional lenders are typically only available through licensed car dealers.
Not only that but these loans are usually available only from franchised new car dealers because lenders consider new car dealerships to be more stable. In this case stability has to do with the fact that, for the most part, new car dealers are better funded and must have their own repair facilities onsite as required by the manufacturer. These dealerships also typically stock newer, lower mileage used vehicles on their lots with a majority of them qualifying for fairly comprehensive used car service contracts (sometimes called an "extended warranty") – an important consideration if you'd like to be given the choice of buying one.
Not all web sites that support buyers with questionable credit are the same, either.
For example over the past ten years our site, autocreditexpress.com, has helped thousands of customers, through our affiliate dealers, purchase new as well as quality, low mileage used cars while also giving them the opportunity to reestablish their car credit.
We also believe our website is better than most because not only does it contain a comprehensive application that can be securely sent over the internet, it also features a resource section that contains the information covering how to buy a used car with no credit – tools such as our resource center and auto loan calculators. Finally, there's also a toll free number at the bottom of each page. It's there, along with our business hours, so that we can be contacted to answer any additional questions buyers may have (it can be difficult finding a contact number at most other sites).
Finally, the Better Business Bureau seal also found at the bottom of each page represents our pledge to meet their standards for ethical online business practices. (Again, feel free to look for it on other sites).
Check us out
We realize this probably appears as though we're beating our own drum, but the fact is that here at Auto Credit Express we do our best to match applicants that have experienced credit problems with those dealers that can give them their best chances for car loan approvals.
So if you're ready to reestablish your auto credit, you can begin now by filling out our online car loans application.