How to Make Bad Credit Car Loans Less Terrifying

Your credit score is lower than you would like. A polite person might call it “suboptimal.” Regardless of the terminology, having a lower credit score can make large purchases an intimidating experience. The good news is that a few simple practices can take most of the fear out of buying a car. On top of that, a successful car purchase can be an excellent step down the road to a better credit score. Here are a few things to keep in mind when applying for bad credit car loans.

Avoid the Scams

It’s unpleasant, but there are plenty of predators out there. Many predatory lenders see bad credit as a sign of weakness and will look to take advantage. The biggest way to spot these predators is to know your credit score before you even look at the first car. Knowing your credit score first hand will enable you to get online estimates of what a fair loan should entail. While there will be some variance, knowing ballpark figures will help you budget and help you spot scammers. A dishonest lender is likely to tell you your credit score is lower than it is or that your interest rates will be as much as ten to twenty percent higher than they should be. Armed with knowledge, it should be easier to spot these scams and just walk away.

You Still Have Buying Power

The good news is that scammers and predators are not the norm. The simple truth is that bad credit loans are a huge market. There are plenty of dealers and lenders who will appeal to this market without a nefarious motive. These professionals will be up front with your credit score and lending options. Their offers may not match your expectations to the letter, but they should be in the same ballpark. When you are confident you aren’t being scammed, you can feel free to try and negotiate your terms. While bad credit car loans will never see minimal interest rates, the size of the market will still require lenders to be competitive, as long as you give them a little push in that direction.

Bad credit can make buying a car feel so much scarier than it should. If you check your credit score ahead of time and get a few loan estimates, you can avoid the worst case scenarios and negotiate your purchase with confidence.

What to Know When Buying a Car With Bad Credit

Nowadays, it seems like your credit score determines your ability to buy anything from a car to a home. While it can feel like having bad credit can stop you in your tracks for certain purchases, that is not always the case. Bad credit auto loans exist out there for those who need a car but do not have the finances to cover the purchase in full. Before you rush off to take out a loan, here are a few things that you should know going into the process.

Your Credit Score

The biggest thing that you will want to know before you take out a loan for your car is your exact credit score. Knowing your score can help you to understand what you will be looking at in regards to the specifics of your loan. The interest rates and payment plan that you will face will be determined by your score, so make sure that you do your research and know your score before you even set foot into a dealership.

Your Income

Another important thing that you will want to keep in mind is your income. Look over your recent paychecks and see what you make on average. When you have a more solid understanding of your exact finances, you will have no trouble coming up with a budgeting plan that allows you to make regular payments on your loan without ever falling behind financially.

Your Plan

You should also have a plan for the process. Going into a financial situation blind is an easy way for you to feel overwhelmed. Before you make your purchase, sit down and think about what you want to get from your car. Consider your lifestyle, what you will use the car for, and how much you can afford in a down payment. When you take the time to think about all of this, you will be able to pick a car that works for you while making your monthly payments as manageable as possible.

How to Get Bad Credit Car Financing

If you have bad credit and are worried about getting car financing, then worry no longer! We’re happy to tell you that we offer bad credit car financing for our customers regardless of their credit score and credit histories. After all, when it comes to buying a new or used car, you need to have a car that is safe and reliable – even if you have bad credit.

Getting bad credit car financing is quick and easy – especially when you work directly with one of our dealers. Here are a few things that you may need to know to get started!

Apply Online

We offer an easy-to-use online credit application that allows you to fill out the application from the comfort and convenience of your own home. After you submit your information, one of our credit counselors will contact you with more details and to discuss your credit situation.

Consultation

When you have your consultation with one of our lenders, we’ll go over your credit application and discuss different items. We may want to talk more about why you have bad credit and what is different about your situation now. We may want to know more about your job and living situation as well. Feel free to tell us what’s on your mind – your consultation is confidential and the more candid you are, the better your financial situation will be.

Discuss Options

Based on your credit application and our consultation with you, we’ll develop several different options for you that are uniquely designed to suit your financial situation. We care about helping you to afford your car now, but we are also interested in developing repayment that will help you to easily afford your car years from now as well. For example, we may suggest that you make a smaller monthly loan repayment over a longer period of time if you have a limited income. Alternatively, if you feel comfortable in your current financial situation, we may suggest paying more each month, but having the loan for a shorter amount of time.

Customers with bad credit will have a variety of very manageable options when they work with us. Contact us today, apply online, its fast, easy, and secure. Stop walking and start driving!

Auto Loans to Match Your Financial Needs

The search for a new car carries with it plenty of financial implications. Any dealership you go to has plenty of offers for you, but that doesn’t mean you shouldn’t do your own research in order to find what’s best for you. Auto loans come in all shapes and sizes, making your research and your understanding of what you can afford all the more important.

Find a Loan with Low-Interest Rates

The annual percentage rate (APR) is of the utmost importance when it comes to what you will truly pay in the end. The APR for any loan literally shifts on a daily basis and is based on the length of your loan agreement. A shorter-term loan results in lower interest rates but a larger monthly payment, whereas you have the options to stretch out that same loan and pay less monthly, but your total cost, in the end, will be higher. Find out how you can lock into the best interest rate possible for your situation.

Look at All the Options Available to You

The same way you shop around for the best car at the best price, you should shop around for the best loan. There are plenty of lending options – from big banks and the dealership itself to smaller banks and credit unions – or you can deal with an auto finance company like ours and we will do all the work, so it’s not a situation where you have to settle.

Understand Where You Stand Financially

Monthly payments, total cost once the loan is paid in full, what type of credit you have, and much more will have an impact on what type of loan you works best for you. It all starts and ends with what fits into your budget, so the decision is and should be based on your full understanding of your finances and what works best for you.

Tips for Buying a Car With Bad Credit

The thought of purchasing a new or used car is exciting. What’s not so thrilling is realizing that the process might prove itself to be difficult because you have a bad credit. Don’t worry, bad credit car loans do exist and we want for you to take a look at these tips for buying a car with bad credit.

Check Your Credit Score

You can’t join the battlefield unless you know the variables you are dealing with. If you’re unsure about your most recent credit score, be sure to check it before you head to the dealership. Even if your credit score wouldn’t win a price, don’t give up. There’s more that you can do to get a car loan.

Improve Your Credit Score

Now that you checked your score, it’s important to thoroughly review your report. Do you notice any errors? If so, dispute these mistakes soonest. Do you notice aspects that you are able to improve, such as paying off some old debt? If that’s the case, do so. Improving your score can be helpful and if that means having to wait a few more weeks to go car shopping, then that’s something you should consider.

Get Pre-approval

Now, while this might seem somewhat unconventional, it’s a smart thing to do. Working with a financial institution to get pre-approved can help you understand better why your credit score is bad and what you can do to improve it. Furthermore, knowing how much the bank is willing to lend you and at what interest rate can get you a more competitive offer from a car dealership.

Choose the Right Auto Finance Lender

If you want to proceed with purchasing a car despite your bad credit, find a lender that works with people with bad credits. They want you to have the vehicle of your dreams and have the ability to work with different financial institutions to get you the best rate. Companies like ours also offers in-house financing that can be a valuable option as well.

As you can see, bad credit isn’t the end of the world. Bad credit car loans exist and these tips can help you.

Get Your First Car Regardless of a Low Credit Score

You may have studied hard and practiced for weeks before taking the test to get your driver’s license. Now that you have a license and can drive around to different places, such as work, school and even the grocery store, you may want to make sure you have your own vehicle to get around. It is certainly not fun relying on other people and waiting around for them to drive you to the different places you would like to visit. However, you may think it is impossible to get a car at this moment.

Is your credit score low? When reviewing your credit report, you may have noticed that your score is not so good for a number of different reasons. For example, you may have a lot of debt and inquiries. Even if you are making payments on your credit cards in a timely manner, your score could still be low if you have too many inquiries and way too much debt compared to available credit. Even so, that does not mean you should be denied the opportunity to get a car that you want and need for different reasons.

If you are worried about getting denied, you can contact us. We offer bad credit car loans for those with less than perfect credit scores. We realize that things happen and not everyone will have the perfect score, but we believe in offering an opportunity to those who are in need of a vehicle. We offer a large selection of different cars to choose from, too. If you want to stop depending on others for a ride and be able to drive around on your own as often as you would like, consider completing our secure online credit application process for a loan. The process is simple and fair. Before you know it, you could be driving away in your first car.

Benefits of Bad Credit Car Loans

When you have bad credit, it can sometimes seem like you will never get out from under the score, this is where we can help. Not only can we get you into a quality new or used vehicle, we can also help you get bad credit car loans. These loans can do more than just get you a new ride, however, they can also help rebuild your credit.

Get a New-To-You Ride

The most obvious benefit of bad credit car loans is that you can get a new ride for yourself and your family. This means that you can more effectively get to work and run errands. You can upgrade to a bigger vehicle, get one more fit for work and much more. We will help you find the right automobile for your needs and help you get the loan to afford it. You can find a variety of vehicles to meet your needs for seating and storage in new or used makes and models.

Rebuild Your Credit

The fastest way to rebuild your credit is to have a loan in good standing or a successfully completed loan on your credit report. By getting a car loan, you can also get a reliable ride to and from work or around town. This can give you the opportunity to restart or rebuild your credit because every on-time payment will add to your score and a completed loan will bump it up faster. This can help you get better terms on future loans and for bigger purchases.

You may think that the only benefit of bad credit car loans is getting you a new or used vehicle to get around in; however, the right loan can help you rebuild your credit. By dealing with us online or in person one of our finance specialists can go over your financing options to get you pre approved then we can choose your new ride.

3 Ways to Help Financing Your Car

If you are looking for effective ways to reduce the price of your new or used car or to make buying a used car easier than ever, then check out our three tips for financing your car purchase. These tips are designed to be effective for everyone – no matter what your current budget or financial situation is. By using one or all of these financing tips, we hope that you will be able to save a significant amount of money off of the cost of your car – no matter what your financial requirements are. Without further ado, here are our three most helpful financial tips:

Go for the loan

Many of our customers are aware that they will need a car loan in order to more easily afford the right kind of car for their needs. While many customers have to choose between buying a less reliable car with the small amount of cash that they have or buying a car that will suit their long-term needs with a loan, we always think the decision should be easy: go for the loan. Sure – if you buy a less reliable car with cash, you won’t have a loan to think about. However, you may have more repairs on your plate and the car may not be as safe as it should be. Taking out a small car loan can not only help you to afford a car that will suit your long-term needs, but it can help to ensure that the car you buy will be safe and durable for years to come. Trust us: it’s worth it.

Trade-in to trade-up

We have a helpful trade-in program that helps many of our customers trade their existing cars in for money off of the cost of their new cars. Some customers use their trade-ins to get better cars while other customers use their trade ins to reduce the overall price of the new or used car. We’re happy to help you determine the value of your trade-in so that you can maximize your savings and get the right car for you.

Look for deals

We have special deals going on for our customers all of the time. These deals change, so you’ll have to contact us to find out what deals are going on now or may be coming up. However, these deals are designed to help you get low interest rates, low down payments, cash back, or other great financial arrangements you’ll love.

We look forward to helping you save your money. Contact us first for car loans and bad credit car loans today to learn more about how we can help you!

Get a Used Car Loan Through Us Today

There are a few different ways to get a used car loan. The traditional way to do it is through a bank. But there is another way. We are proud to offer financing of all types, including used car loans. Getting a loan from us is much simpler than trying to go through your bank. There a few reasons why that is true.

Same Day Loans

Bank loans can take days to get approved. They require meetings and paperwork, which takes up a huge amount of time. With so much waiting around, you could lose out on getting the car of your dreams. Someone else could find the car you want and snap it up before you are approved. With our in-house same day loans, we can save you the time and hassle of going through the bank. You can apply and be approved on the same day, meaning you can take your car home as soon as possible.

Convenience

There is nothing more convenient than an in-house loan. No more scrambling from place to place. No more going between the dealership and the bank while trying to work something out. When you get a used car loan from us, you only need to deal with us. Stressing about orchestrating and coordinating your car loan will be a thing of the past when you get one directly from us.

Happiness

These all combine to create one thing: maximum happiness. With reduced stress and fewer hassles, our loan program is all about making you happy. Getting a used car loan from us will leave you happier than you may think possible. We aim to please and getting your loan from us is sure to be a pleasure.

What to Know About Buying a Car in Canada

A car is a major purchase. Unless you have thousands of dollars lying around, chances are you’ll need to borrow money. Car loans are a viable option for buying all kinds of vehicles. By understanding different aspects of the car buying process, you can get the right auto for your needs.

Car Loan

A car loan is financing used for purchasing a vehicle. There are many institutions offering this funding option. For example, many auto dealers offer in-house financing for their customers. You can finance up to the maximum cost of the car. Working with dealership, is a convenient way of borrowing funds and buying your dream car all in one place.

Payments

Car loans are generally paid in full within three to six years. You have the option of making bi-weekly or monthly payments. Consider making a substantial down payment. It’s the easiest way of lowering your payouts.

Budget

There are so many automobile brands, makes and models. How do you know what car is best for you? Research costs associated with the vehicle. Consider things such as insurance, fuel consumption, maintenance and parts. You can find this information online.

Test Drive

Test drive the cars that interest you. Compare things such as handling, steering, braking, comfort and smoothness of the ride. Getting behind the wheel helps you make the right choice.

Used Car

There are many advantages to purchasing a pre-owned vehicle. Typically, these autos undergo extensive bumper-to-bumper inspections. In many cases, late model cars are equipped with the latest modern technology and features. It’s a budget-friendly approach to buying a high-quality, reliable vehicle.

Getting around in Canada is a lot easier when you have your own vehicle. The good news is you don’t have to break the bank to do it. With a little upfront leg work, you can obtain a loan and drive off our lot in your dream car.