Looking for an auto loan in New York is now even easier with AutoNet Financial and New York's largest car dealer network. Each one of our network auto dealerships have the ability to get you financing even if you need a bad credit auto loan.
There's a couple of things you should do before you go looking for your next new or used car in New York. Depending on your credit score, you could qualify for a conventional auto loan or a bad credit auto loan. The truth about bad credit auto loans is that there are fewer consumers with "perfect credit" in the current economy. New
York car buyers shouldn't approach process
thinking that they can't get an auto loan just because they happen to have a low credit score.
Get Financed for Used Cars with Poor Credit in NY
As a bad credit buyer, it's important to realize that just because a dealer happens to sell cars, it does not mean that dealer has the right cars for bad credit buyers. A New York car dealer's new and used car inventory also has to be adjusted for subprime lending. Vehicles in inventory have to meet lender guidelines in terms of mileage and year.
The fact is, many New York car dealers choose not to deal with subprime lenders. Auto loans with bad credit require more effort than regular auto loans in the sense that dealers are responsible for more documentation and for making sure that the documentation is correct as well as verifiable. If anything goes wrong in the documentation process, the contract is sent back to the dealer and the dealer holds the contract for the car. This means the dealer must collect the monthly payments from the customer and very few dealers in NYC want to do this.
