Bad Credit Car Finance Top Tips!
Indirectly applying to a finance companies through a dealer finance
department puts you at risk of paying a much higher interest rate. Why? Some
dealerships only offer as low as 7% to good credit customers, so just imagine
what they will do for poor credit applications!
Many bad credit car finance companies offer loans lower than this and usually
around 9%. The reality is negotiating interest rates with your car dealer is
extremely difficult if you are in a poor credit situation.
You can easily bypass the dealership financing option even if you have bad
credit. If you want bad credit car finance services, the easiest way to shop
around and get approved instantly is to arrange for your own financing
through bad credit lenders.
Supply in this case would be the many bad credit car finance loan providers
willing to consider your loan approval. The problem is more and more
applicants are falling into the subprime loan category that is, borrowers with
credit score below 680.
Car dealers and auto lenders simply don't have the volume of AAA credit
candidates they need to keep their businesses alive. Even if your credit score is
between 525 and 680, be assured, there are bad credit car finance programs
available that will enable you to borrow the funds you need to get the car you
American auto markets are in a sorry state. So don't let bad credit stop you
from getting a decent vehicle see the link below for a good selection of bad
credit car finance providers.