When we don't qualify for the auto loan that we so desperately need, our first response is to blame the dealer or lender. Upon closer examination though, you can often find the problem is likely in your finances.

Think of it this way; would you go in for a test without studying and preparing yourself for its contents? In much the same way, you want - no - need to prepare yourself and your finances before going to a dealer.

Preparing to Qualify for an Auto Loan

What to Do If I don't Qualify for an Auto Loan

The first two places to start are your budget and your credit score. These two items are what you can use to build the foundation of a strong financial standing.

Knowing your credit score is about as important as knowing your name. This number is what almost every lender from different industries will use to determine if you can handle a loan. If you keep getting denied for an auto loan, this could be the root of the cause.

The next thing to work on is your budget. Without one, how can you know what you really can afford? You may think that you have enough to cover seven bills, but you actually only have enough income to cover five. That can spell BIG problems when you are trying to keep on top of your debt.

Once you have your budget set and know your credit score, you'll have a better idea about where to go for an auto loan. Knowing exactly how much you can afford to spend on an auto loan is key to making sure you don't get in over your head with payments you can't afford.

Remember that owning a car has many more expenses than just the loan payment:

  • Gas
  • Insurance
  • Maintenance

Try Again - With the RIGHT Dealer

Once you've gotten your finances laid out and know exactly how much you can spend, find out who can best help you.

If you have a decent credit score, perhaps with a down payment you can be approved anywhere you go. But if your credit doesn't look so great, it's very important to find the right dealer for you.

That's where Auto Credit Express can step in for you. We understand that not everyone is going to have the perfect credit score; but that's not a reason to deny you the vehicle you need.

We put together a special online application that's quick, simple and painless. With it, we find dealers in your area that specialize in auto loans for people with damaged, bad or even no credit. You need a car, and we'll help you qualify for it today.