As with any car loan you need to budget for more than just your monthly note with no credit auto loans

What you should know

Having bad credit means it's more important than ever to consider the related expenses of a bad credit auto loan.

We happen to know this is true because for nearly twenty years we've been working in bad credit car sales and have helped bad credit buyers obtain a problem credit auto loan here at Auto Credit Express.

During that time, we've helped scores of buyers get approved for horrible credit auto loans and skip a tote the note dealer (buyers can also submit an online car loans bad credit application at our web site) while showing them how to handle these loans (to reduce the possibility of repossession).

This means that once you get approved auto loans you need to understand the total monthly expenses that are part of car ownership.


A major expense that many individuals fail to budget enough money for is car insurance.

In many cases this is due to the fact that if your present vehicle is paid off, your current auto insurance may only consist of partial coverage - personal liability and property damage. If a vehicle is being financed, the lender will require that you have full coverage insurance – which means additional insurance covering collision and comprehensive damage.

Even if you currently have full coverage insurance, the increased costs to insure a newer vehicle mean the monthly premium will probably increase because typically newer cars are more expensive to both repair and replace.

Consider fuel economy

Don't ignore fuel economy. A sport utility vehicle may be your dream car, but they not only cost more than a compact or midsize sedan, they also get poorer fuel economy. By setting your sights on a smaller vehicle, you can save money on fuel costs and lower your overall monthly expenses.

Maintenance costs

If you're buying a new car, be sure to check the length of the new car warranty. If it doesn't cover the entire term of your problem credit auto loan finance contract, you may want to consider extending the warranty.

If you're buying a used car, an extended warranty (service contract) should be considered unless you're able to set aside funds each month for unexpected repair bills.

As we see it

Insurance, fuel and maintenance costs are all things that need to be included in your monthly vehicle budget along with your car note. If not, you might run the risk of stretching your budget past the breaking point.

Auto Credit Express has helped thousands of people with bad credit buy cars and establish their car credit at the same time. Our nationwide network of affiliate dealers specializes in second chance auto loans.

So if you're serious about getting your auto credit back on track, you can begin now by filling out our online car loans bad credit application.