By keeping your vehicle you can increase your chances of successfully reestablishing your car credit with auto credit now loans

The car is the key

If you have bad credit and you're thinking of applying for auto credit now, it's time to start thinking about the kind of car to look for. We know, because at Auto Credit Express we've spent the last 20 years working with poor credit car buyers. After seeing the embarrassment and frustration that bad credit customers experience at dealers that don't offer second chance auto loans, we developed a web site with a secure application to match customers with local dealers that specialize in auto credit now loans.

The tote the note dealer alternative is something buyers with bad credit should only use as a last resort, since normally these dealers don't report loans or payments to the credit bureaus. It's also a type of loan that normally results in a higher chance of repossession.

But in order for the bad credit auto loan process to be successful, a key ingredient is picking the right car.

Choose reliable and inexpensive

While many car buyers looking for auto credit now want to finance an SUV, van, or full-sized sedan, choosing one of these is just asking for trouble. Due to the high interest rates charged by bad credit lenders, this will cause the monthly payments of most of these types of vehicles at the very limits of most budgets.

In addition, the cost of both insurance and fuel will make owning all three types even more expensive.


In a recent survey by the American Automobile Association, rising fuel prices were among the most important factors that lead to an increase in vehicle costs. According to the survey, based on driving 15,000 miles per year, here are the average costs of driving a vehicle, based on its size and type:

Small sedan – 43.3 cents per mile or $6,496 per year
Medium sedan – 56.2 cents per mile or $8,436 per year
Minivan – 62.0 cents per mile or $9,301 per year
Large sedan – 70.2 cents per mile or $10,530 per year
4WD SUV – 73.9 cents per mile or $11,085 per year

The final cost takes into consideration a vehicle's depreciation as well as fuel, tire, and insurance costs, all important factors with auto credit now loans.


The report also stated that “The small sedan category experienced the smallest increase of the five categories of vehicles, rising only 2.9 percent from last year to 43.3 cents per mile or $6,496 per year, based on 15,000 miles of yearly driving. The minimal increase was primarily due to the increased popularity of small sedans led by higher fuel prices. It resulted in the small sedan category being the only one where depreciation costs were lower than last year, falling 1.9 percent.

According to the report, you could save over $2,000 a year simply by choosing a small sedan over a medium sedan – money that you could either put towards buying down your loan, or funds that could make the rest of your life more comfortable until your auto credit now loan is paid off.

The Bottom Line

Buying a vehicle with a bad credit auto loan is not the time to get your “dream car”. Instead, it's time to focus on making your monthly payments on time and paying the rest of your bills, so that you'll be able to finance your next vehicle at a lower interest rate.

At Auto Credit Express, we've helped thousands of customers with bad credit buy cars and reestablish their auto credit at the same time. Our nationwide network of affiliate dealers specializes in auto credit now bad credit car loans.

So if you are serious about getting your car credit back on track, you can begin the process right now by filling out our secure online bad credit car loan application.