There are many out there that probably wish that credit and financing would just go away for good. I'll tell you what…you would see far less cars on the road, that's for sure.

What You Would See More of Without Auto Financing

In a world with no auto loans, regardless of credit, we likely wouldn't be able to have a very active auto industry. In today's economy, only a very few make enough to actually be able to purchase a car, truck or SUV without a loan.

With no loans to be had, you probably see these things in your day to day life:

  • Horses and buggies. Some would argue that perhaps this is what we should go back to. Honestly, I don't see how it would work in today's world.
  • Without a large consumer base, cars would cost much more than they already do. Think about how much cars would cost if only a select few could buy them? Smaller production runs means a higher cost to the manufacturer.
  • There would be a need for more mass transit systems. Unless we've suddenly jumped into an episode of Star Trek, I doubt that we will see a more common method of transporting people and goods quickly by land beyond automobiles. I'm not saying it's impossible, just not anytime soon.

The fact is, we need cars. We need them to get to work, school and to provide for our loved ones at home.

Without the means to borrow money for high ticket purchases such as cars, trucks and SUV's, the opportunities for an auto purchase would be slim. You would likely have to save up for at least a year in order to purchase a car. And when I say save up, I mean EVERY SINGLE PENNY.

If that sounds insane, that's because it is. That is why we need to have lending companies, for people with all walks of credit. Not all lenders are created equal though, and that's why when you are in a challenging financial situation you need one that is experienced in working with people just like you.

Stop the insanity

Here at Auto Credit Express, we can help you get an auto loan regardless of your financial situation. Simply take a few minutes to fill out the quick application, and then we can set up a time for you to meet with the dealer who can put you into the right vehicle for your needs, regardless of your credit.