Q: Can you provide me with
a list of the dealers in my area?
A: No. Over five hundred
used car dealers throughout the USA and Canada subscribe to
our service, however, not every dealership will accept your
application. To avoid numerous inquires, only one
used car dealer will process your
application. Our technology will place you with the
closest dealer, based on zip code, that excepts your
application.
Q: How much money down will I need?
A: Many people with bad credit that have
used our car loan
services have been approved to buy a car with zero money
down. There are situations, however, that may require
a down payment, for examples:
Often,
if a money down is required, a trade-in can be used as
money down.
You may
need money down if you select a vehicle that is more
expensive than the approval amount.
You may
need money down if you are trading in a vehicle and you
owe more money than the trade-in is worth.
You may
need money down if your a first time buyers with no
credit score, usually at least the first payment.
You may
need up to 20% money down if you have really bad credit,
such as recent repossession.
Q: What are the
Interest Rates?
A: Interest rates vary,
but the fact is you will get the rate that you deserve.
If you had good credit in the past and your credit problems
can be isolated to a single economic disaster then you
deserve a much lower rate than a person with a long history
of credit problems, such as multiple bankruptcies, multiple
repossessions, and a history of writing bad checks.
Q: How long does it
take, can I get an instant auto loans?
A: There are many things
you can get in an instant, if you have bad credit, an auto
loan is not one of them. Each application is processed
by a human. Often, an employment verification is
conducted before the loan is approved. This takes
time, but can normally be achieved the same day, if you
apply for a
used car loan
before 4:00 pm.
Q: Am I guaranteed auto financing?
A: Legally, no
company can make a blanket statement the everyone is
guarenteed for auto financing, if they do be leery.
Q: Is there a credit check?
A: Yes. Prior to submitting
the application you have to agree to a credit check.
If you want to buy a car with no credit check search for a
"We Finance" or "Buy Here Pay Here" dealer. If you
finance a car with no credit check chances are that the
payments that you make will not be reported to the three
major credit bureaus. In other words, if you are
looking to rebuild your credit, you should get an auto loan
from a lender that reports your good payment history to the
credit reporting agencies.
Related Content:
- Buying Used Instead New
- There are a multitude of considerations that are considered
when the decision is made to purchase a used auto instead of
a new auto. Personal finances are top on the list.
- Used Car Prices
- Used car dealerships have many used vehicles that they
want to move off their lots to make room for the newer models.
You can actually find a used car that is in great shape, low mileage,
gets great gas mileage, and has some bells and whistles to boot.
- Used Car Research
- By doing the proper used car research could prove to be
your best financial investment. Researching for a used car is no
different than if you were researching to buy a new car.