North Carolina Car Loan Companies

North Carolina Bad Credit Car Loans

If you are currently doing research on bad credit car loans in North Carolina, the chances are good that you have faced many of the same issues that nearly two thirds of all U.S. consumers are currently experiencing that leave you with less than perfect credit.

We are often asked by residents of the Tar Heel State why they shouldn't just jump in their car and drive out to Raleigh or Charlotte to shop for a car instead of applying for an auto loan with AutoNetFinancial.com. This answer to this question really depends on your credit history and your credit score.

Sub Prime Loan Options for People in NC

If you have a credit score over 640 or more and a fairly extensive credit history, you should be able to purchase a vehicle with a traditional subrime or bad credit loan pretty much anywhere in the Old North State. But even if this is the case, you should still do some research on the internet. For example, LotPro.com has an excellent web site that enables you to view the repair histories of most cars (provided you subscribe to the service), so that you can see how the vehicle you’re interested in compares with the other cars in its class. But dont worry, auto loans for real bad credit do exsist.

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North Carolina Bad Credit Car Dealers

The truth about bad credit car loans in North Carolina is that there are fewer and fewer consumers with perfect credit in the current economy. In that regard, you shouldn't approach the car buying process thinking that you can't get approved for a new or used car loan with a credit score below 640 that includes bad credit or a bankruptcy. Most bad credit car loan programs offer affordable interest rates and a common sense qualification process.

If you have poor perfect credit, however, you may want to hold off driving around Greensboro (or Hickory, Jacksonville, Wilmington or Spartanburg). Here's why: the bad credit auto financing process is much different in North Carolina. And just as the bad credit buying process is different, so is the dealer that can help you with a bad credit car loan.

The fact is, many North Carolina dealers choose not to deal with subprime lenders. Most consumers find that when they try to locate lenders with poor credit auto loans that they may require more effort than regular 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 dealers do not want to do this.

The used cars a dealer carries in inventory need to be purchased at or below NADA wholesale, since North Carolina bad credit car loan dealers base their "advance" (how much they will finance) on these figures. New cars also have to be within a certain price range, since subprime lenders are very strict about keeping your car payment within a budget range. Without the correct inventory, the dealer can’t sell any of the cars on the lot to subprime customers.

The solution to the problem of finding bad credit car loans North Carolina is to apply with us. We have helped thousands of people in the Tar Heel State with bad, blemished, bruised and tarnished credit buy cars and reestablish their credit at the same time. We have a network of affiliate dealers that specialize in bad credit car loans North Carolina and throughout the rest of the U.S.

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AutoNet Financial Service Areas
AutoNet Financial can match you with car dealerships that offer bad credit auto loans in a number areas in the U.S. and Canada.

We can locate dealers in Milwaukee, Ottawa, Waukegan, Chicago, Harrisburg, and so many other areas with each one having a history of supplying poor credit financing options.

AutoNet Financial is different than most online bad credit car loan companies as we offer free auto loans and credit services.