It's hard to miss those commercials you see on television and the ads that you hear on the radio. Almost everywhere you go, you hear companies advertising that they can help you get a car regardless of your credit. Unfortunately, many of these companies are scam dealers that will try to sell you an unreliable used car that has been poorly maintained or, in the worst case scenario, some old beater that you would never want to drive.
If you're one of the hundreds of thousands of potential car buyers who struggle with damaged credit, you need to know where to go. Before you call another Sacramento area buy here pay here dealership
, see why so many people choose us over our competitors.
Minimum Monthly Income Requirements
We think that your income is just as important as your credit score, which is why we focus on that aspect of your financial state, and put less emphasis on your credit history. Typically, lenders want to see that your gross income is at least $1,500 a month . Gross income refers to how much you money you make before taxes are taken out. But even if you only make $1,200 a month, you might still qualify for a subprime credit auto loan
. However, we want to ensure that you can comfortably afford to pay back your loan. That means being able to pay your bills and make your loan payments without struggling to make ends meet. Your car payment shouldn't prevent you from being able to buy gas, groceries for your family or any other basic necessity.
Residency and Other Requirements
Do you currently live in the Sacramento area? If not, or if you're new to the area, you should know that most California dealers and buy here pay here lots
have residency requirements in place. Since they aren't worried about your credit, they want to ensure that you're responsible enough to have a stable place of residence. Does that mean you won't qualify for a bad credit auto loan
if you don't live in Sacramento?
No, this is not the case. If you commute from another area but work in Sacramento, we can still help you find the perfect car that meets all of your needs.
What if I am Self Employed?
Not everyone who applies for a loan has a traditional job. The days of working 9 to 5 in a typical office are a thing of the past for a lot of buyers. People are now often engaged in freelance employment. They may also work for multiple companies, work strange hours and even run their own businesses. As long as you have legal documentation of steady income, such as your official tax return documents, you can still apply.
Bankruptcy and Bad Credit
Bad things happen to good people. Depending on your situation, you might find that bankruptcy offers the fresh start that you want. If you lose your job and owe hundreds of thousands of dollars to different creditors, filing for bankruptcy allows you to have a second chance. Having a BK on your record can sometimes leave you worried about securing an auto loan or even applying for one, but we can help you, Sacramento! Bad credit and bankruptcy
don't have to slow you down, and our application process makes it easy to find the lender or dealer that can get you moving forward again fast.
Special Financing, Leasing and Other Options
Regardless of your credit past, we believe that you should be given a second chance as well as options that work for you. That's why we want to connect you with the dealer that best fits your needs. So, contact the special finance experts at Auto Credit Express. We'll go over your situation with you and to come up with a solution to get you back on the road and on to a better credit future.