Good deals on bad credit auto financing
There’s nothing like owning a brand new car. In many places, both urban and rural, commuting and running errands by automobile are facts of life. Another fact of life is that more and more people today have less-than-perfect credit. It used to be that poor credit closed to door to borrowing money, but that’s not the case today. Today, almost anyone with bad credit can qualify for a car loan, without having to pay sky-high interest or stay trapped in debt for years. At Car Deal Expert, we net work with reputable and experienced lenders who offer automobile financing for people with bad credit.
Buy the car you need with bad credit auto loan financing
No matter what kind of credit you have, at Car Deal Expert we’ll do our best to find you a lender with the necessary expertise in making car loans for people with bad credit. When it comes to buying a car, the lack of an established credit history can present the same kinds of challenges people with bad credit face. If you need to buy a car but don’t have an established credit history, Car Deal Expert can help you find the best possible car loan interest rate. For many people, having a car is a necessity. Bad credit or lack of credit is not an insurmountable hurdle to car ownership.
Car Dealerships don’t offer the best financing for bad credit
Car Dealerships generally offer financing from just one or two lenders, and they rarely offer the most competitive interest rates. The more a lender charges for a loan, the more the dealer stands to profit, so it only makes sense that you should shop around and compare financing terms before you accept a loan from a dealer. To put it simply, low interest rates are not in a car dealership’s best interests. At Car Deal Expert, on the other hand, our business depends entirely on finding you the best possible loan no matter what kind of credit you have.
You can even get a car loan if you have no credit history
For many people, a car is the first major purchase on credit. If you’ve never purchased a car or had a mortgage or credit cards, it can be difficult to borrow money. Ironically, you have to borrow money before you can borrow money easily. But there are auto loans for people who’ve never borrowed money before. It costs nothing and takes just a few minutes to apply at Car Deal Expert, and there’s absolutely no obligation. Find out right now if you can borrow money for a car by applying for a pre-approved loan. When you apply at Car Deal Expert, we immediately put you in contact with the lender offering the best terms for your particular credit situation. There’s no waiting, no wondering, and no hassle.
It’s easy to qualify for a bad credit auto loan
Here’s a short list of the basic requirements for a bad credit loan:
- You must be an adult with a valid social security number
- You must meet your lender’s income requirements (typically $1,500 per month, but sometimes less)
- You must meet your lender’s employment requirements (typically six months of uninterrupted employment, but sometimes less)
- You must not have a bankruptcy case currently pending
- You must not have had a recent automobile foreclosure (typically not within the last 12 months)
You may be very pleasantly surprised at how easy it is to qualify for a bad credit loan at Car Deal Expert. Apply today: if you’re thinking of buying a car, there’s no time like the present to discover the best possible financing for your particular situation.
Shop for a loan before you visit a dealer
You can save a lot of money if you take a few minutes to do your “loan homework” before you visit a car dealership. When already know how much you can spend and have an online loan pre-approval in hand, a dealer will be much less inclined to try to “oversell” you to a car that you can’t comfortably afford. Also, when you have your own independent loan pre-approval, a dealer will know that you’re a serious buyer and you’ll have more negotiating power when it comes to price.
Don’t be tempted by an extra-long loan term
You can compare you online loan preapproval to whatever financing a dealer offers, but remember that a lower monthly payment isn’t necessarily the bottom line. Frequently a dealer will offer a lower monthly payment by applying a higher interest rate to a longer loan term. Check the numbers on the dealer’s Truth-In-Lending disclosure. While an affordable monthly payment is important, it’s not the only criteria. When you’re comparing loans, look at the total dollar amount of the payments disclosed on the Truth-In-Lending statement. The longer it takes you to pay off a loan, the more the overall cost of the car.
Save money with bad credit financing at Car Deal Expert
At Car Deal Expert we work highly competitive online lenders to make your car-buying experience as positive and economical as it can be. Unlike a car dealership, our lenders work directly with you. They don’t make money by marking up someone else’s interest rate. The competitive nature of online lending and the reduced overhead costs for conducting online loan transactions keep online interest rates as low as possible for all kinds of auto loans, including bad-credit loans. Find out for yourself by applying today.