When you need a car loan but have bad credit, it can seem unlikely that you will get approved for an auto loan. However, there are many steps to take when you're trying to buy a vehicle that you need an auto loan with bad credit that can make the application process much easier to go through.
99% of People Meet Our Requirements
- Monthly income over $1,800/mo (pre-tax)
- Current US or Canadian Citizen
- Same job for over 1 year
What to Do When You Need an Auto Loan
When a buyer needs car loans with bad credit you'll probably realize that most banks and automotive lenders deny applications for loans based solely on finances. If you have financial problems and want an auto loan there isn't any need to drive from dealer to dealer, more often than not, this causes an unpleasant experience that salesmen try to take advantage of. Many options are available when you need automobile financing. Getting a car loan for bad credit history is easy to overcome once you know why you have financial issues. Start by understanding your credit history and what you need to do when you buy a vehicle with damaged ratings.
Needed Bad Credit Auto Finance Paperwork
This is your only chance to fill out this important paperwork. Go over the contract! Make sure the terms and conditions are ones you agree with. Make sure to double check the following is accurate in your paperwork.
- Price of The Vehicle
- The sales price should be the selling price of the car plus tax, title, license fees and any paperwork processing fees. These should all be outlined in your paperwork and itemized.
- Amount Financed
- The total amount you are financing. It should be the bottom line price and all taxes and fees minus any rebates and trade-in equity.
- Contract Term
- The sales contract term in months agreed upon with the finance manager.
- Interest Rate
- The charged interest rate. The rate the you qualified for.
- Monthly Payment
- The monthly payment you will need to pay the bank each month. It should match the amount that you agreed to.
If you see anything in the contract you didn't agree to, simply request a corrected contract or walk away.
Used Car Loan Options
The internet has changed the way people buy cars. We can match your vehicle needs to a network dealer that specializes in people with poor finances that need a car loan. Our network of auto dealerships help consumers with bad credit car financing and report every payment to the credit bureaus helping you rebuild your FICO score. We offer a number of advantages when using our dealer network:
- Ability to choose a new or used car from a large inventory of in stock vehicles.
- Most inventory is eligible for service contracts that cover the entire loan term
- Your payments contribute to a better credit history and score.
If you need to apply for a car loan, we can help! Get started today!
With experience in special auto financing for over 27s years we have been able to help people with financial issues find loans they need all over the United States and Canada. We work directly with car finance companies and auto dealers that provide auto financing to help our visitors get approved.
