There are a number of people looking to engage in some form of special financing, which is very common. That is why AutoNet Financial offers auto financing with 0 down payment to people with bad credit and those who need help with saving money on a vehicle. So what does it take to qualify for special financing without a down payment and credit problems?
Requirements for Special Auto Loans
Now just because we offer special financing auto loans with 0 down and bad credit to buyers doesn't mean that it comes easily. In fact, their is a great deal of importance placed on having a good credit score and putting money down for a vehcile. Both of these things can work in your favor by lowering your interest rates and monthly payments considerably. However, we understand that eveyone cannot have perfect credit or afford a down payment.
How to Qualify for Bad Credit Financing
The first thing that needs to be addressed when financing a car is your poor credit score, which is the first thing a lender will check. Now normally a sub-prime credit loan rating would make a dealer second guess your application, but by having no recent credit errors you can be approved. As a possible lender that will be helping you buy a car, we need to be sure that your bad credit is a result of past issues or more recent transactions.
If past events are still effecting your credit but we can see that you have made steps to improve it we help you qualify for a loan. The same can not be said for recent credit transgressions which can usually speak to an applicant being irresponsible financially.
Pre-Approval for 0 Down Auto Loans
Next will be convincing a dealer that a zero money down bad credit auto loan is something that you can afford to manage. This is usually done with the help of a quality gross income. Our most important concern is that you can afford the payments assigned to the loan, and by showing that your income can cover the loan we can work with you.
Some other options you should consider if you really need help qualifying for a special finance car loan with zero down and poor credit are:
- Ask a close aquaintence to be a cosigner
- Engage in credit repair tactics
- Use a buy and pay here dealership
How AutoNet Financial Can Help
Our network at AutoNet Financial can handle any credit or finance situation that you have, which makes it incredibly easy to help you land your ideal new or used car. Fill our our online application and you will find yourself with an affordable loan in no time at all.
