Where can I find Car Loans for Bad Credit - Bad Credit Car loans without the hassle or high Interest rates?
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Can someone recommend any companies that provide car loans for bad credit that they've had a good experience with? Ive looked online for one but there are so many and I have no ...show more
My credit score could be better but we all make mistakes.. that's how we learn, right? I researched a lot of bad credit car loans providers when i was buying my second car, but then my sister's friend told me about http://24hrLoans.net and that I could get a bad credit car loan with them that would be recognized by other lenders as a way of rebuilding my entire credit score. Initially the loan rate they will give you reflects how bad your credit score is but as you repay the loan youll gain trust and they will be less strict about your interest rate. It really won't take you more than a year to fix most credit issues.
Other Answers (11)Rated Highest
Auto finance is what I do for a living there are 10 things that go into making up a car deal weather it's a purchase or a lease and all can effect the interest rate.
1. Term of loan. Shorter the better.
2. Age of vehicle. Newer the better.
3. Miles on vehicle. Lower the better.
4. Amount to finance compared to book value. Lower the better.
5. Credit score. Higher the better.
6. Credit profile. Deeper the better.
7. Down payment. More the better.
8. Monthly income. Higher the better.
9. Time on job. Longer the better.
10. Time at residence. Longer the better.
As long as all of the above are in line with the lender guide lines and you make enough income to budget for the payment you should be approved. As you can see from the above list there are way to many things that go into making up a car deal to guess at your interest rate.
You might try Americredit, Capital One, Wells Fargo and Santander. They all offer loans to people with limited or damaged credit.
Source(s):Finance Manager for a car dealer for over 12-years.
Your best option is Click&loan - it is a company that i am using as well. They will give you up to $ 10,000.00 even with really bad credit score - i am usually approved in about 5 minutes and get my money directly to my bank account in just one day...and their interest rates are not bad!
Just apply here http://ponvu.com/click-n-loan
if you live in Ohio, then http://www.bobbsaysyes.com is good too.
I GOT REAL BAD CREDIT RIGHT NOW ,I NEED A CAR REAL BAD, I JUST LOST MY JOB ,BUT I JUSTRETIRED N THAT HELP ME A LOT , SO IF YOU KNOW ANYONE WHO GOT A CAR FOR SALE HAVE THEM CALL ME AT 413-464-8107 OK THANKS GTK
Bad credit car loans are quite common as nearly a quarter of Americans are credit-challenged. If you have imperfect credit, you should have little problem of getting the car you're interested in, as several thousand bad credit car loans are issued everyday in the U.S.
Top 3 car finance company look here http://wikly.net/bad-credit-car-loans.ht...
I was also worried to pick the right car loan with Bad Credit that fits my needs. I had 1000 questions and was more than happy when a friend recommended this website which helped me a lot.
I am confident they can help you as well!
Have fun with your research!
or Buy Here Pay Here is good too
Try to check other websites to like
My credit score and monthly income are not very high, but I've got an auto loan online recently. I recommend you try to get a loan online.
If you are or was in default the past 24 months, no bank or finance co would approve you. If you go to a Buy Here/Pay Here dealership, there will be no warranty once it leaves the lot. Try to get help from your parents.
Source(s):Retired bill collector 35 years
If you have bad credit the first thing you have to consider is your outrageous interest rate that you will recieve once you take out a loan. Unfortunately, the high interest rate is something you just will not be able to avoid. You see, credit is basically a fancy word for trust. If your credit is not in good standing, creditors will assume you are a risk and therefore you will have more unfavorable terms compared to having good credit.
You could go to a buy here pay here car lot and try to get financed. The general rule is to try and not go above 18% interest. I'm 21 and I bought my first car, with decent credit, and I have a 31% interest rate. There is no telling what you would end up with.