Reasons That Buying a Car at the End of the Year Can Save You Thousands of Dollars!

End of the year car sales and specials are advertised all over the country, promising to save you thousands of dollars as prices are slashed to reduce inventories and close out the model year. Is the end of the year the best time to buy a car? If you have bad credit, how can you take advantage of special year end prices?

Here are 5 reasons that dealers are bending over backwards to lower prices and move inventory at the end of the year...

1) Car dealerships use something that is called a "floor plan". Basically, what that means is that the dealer doesn't actually have ownership of their inventory, but it is financed by a bank, which charges the dealership interest. The interest is charged to the dealership based on how much of their credit line that they have used for new and used car inventory. So... what does this have to do with year end car sales?

The inventory that the dealership has on hand at the end of the month or the end of the year, costs the dealership interest charges that they have to pay. The more cars that are out of the floor plan at the end of the year, the less the dealer pays for interest charges. This motivates dealerships to reduce inventory at the close of their fiscal year.

2) Also, many manufacturer incentives are offered to dealerships for moving out the current year inventory to make room for new year models that are coming out of the manufacturing plants. So dealers have more than one reason to make a deal happen on December 31st.

3) A third reason that dealers push hard to move cars off of the car lots at the end of December, is because they've all had a slow month as people have been more focused on holiday shopping, rather than car buying. Ending the month of December with strong sales numbers helps them to meet their monthly quotas.

4) Finally, sales management bonuses can be based on the total sales production and number of units sold for the given year. This adds additional pressure on dealership staff to move cars, at whatever cost.

If you have bad credit and you wish to take advantage of the end of the year car sales and special prices, then you may find that obtaining an auto loan through an online lending services to be a quick way to get approved for a car loan that you can use locally.

Real Car Loans For People With Bad Credit Can Help You to Have an Edge at the Negotiating Table

Getting a car loan when you have credit problems is easy.

Getting a car loan with a real loan company that can help you to rebuild your credit, and offer payment terms and interest rates you can live with... well, that's a different story.

The truth is that there are only a few sources online that can help you with a legitimate auto loan if you have a low credit score. More often than not, people just have a hard time finding them because of all of the gimmicks and spam that litters the hallways of this thing we call the internet. Fortunately, you can be provided with some useful direction to help you along your way to getting approved.

Legitimate online auto loans are going to have requirements for approvals. It's better if those requirements are stated up-front, so you don't have to waste your time, or website bandwidth.

Here's a quick rundown:

You have to make at least $1700.00 a month

Any bankruptcy must be discharged unless you have a letter giving you permission to incur debt

You must be a citizen of the United States with a valid social security number

Well, I suppose that about covers it. Getting approved online for a car loan is pretty straightforward, and there's not so much red tape involved as there is with going through the typical car shopping routine. Initiating the financing end of the deal ahead of time saves you a lot of frustration, and gives you a little added negotiating power when you sit down to buy your car.

Real Car Loans For Bad Credit - Avoiding Hoax Offers and Getting Approved With Legitimate Lenders

If you've spent much time online, you've probably asked yourself where the real offers for car loans are at. There are some great companies that can take care of getting you approved for financing with bad credit. Here are a few things you should keep in mind.

Avoid Hoax Offers & Use a Legitimate Lender...

If a company is legitimate and provides real financing or can help to locate a real lender for you, they will be accredited by the Better Business Bureau.

You should check the fine print on auto finance websites and the little "check boxes" on the application forms to make sure that you're not signing up for an extra service. Many of the spam offers have check boxes for loan consolidation or free credit scores, that usually are what is know as a "co-registration offer".

What this means is, that your information is also forwarded to other companies that will try to sell you other products or services. If you're getting a real car loan from a real company, they won't be selling your information to anyone. Real loan applications will also use some form of secure encryption to protect your private data. It's a good idea to review the privacy policy of a loan application also.

As mentioned above, there are some good companies that are in the business of working exclusively with people that have bad credit, to obtain car loans. These types of companies are referred to as sub-prime or secondary lenders. These are the types of companies that you need to be dealing with. It's hard to find them, so sometimes you just have to be pointed in the right direction. It's not difficult at all to get approved with a legitimate lender. It's just a matter of finding the real ones.

Quick Tips For Buying Cars With Bad Credit That You Might Not Have Thought About

Well, if you have high hopes for a newer car and a low credit score to boot, you may find yourself in a difficult situation. There is help if you're interested in getting approved for a newer car or truck, but you'll need to be armed with some information before you set out shopping.

1) Where's your head? Keeping your emotions out of the game is crucial to winning. If you want to buy a car with bad credit without spending thousands more than you have to, know what your options are and use them. Having the mentality that you can't live without a particular vehicle will cost you. Keep those emotions together and think things through. The best thing you can do for yourself is to refrain from selecting a vehicle until you find out what you qualify for. There are some online services that can help you with that.

2) Explore all options. Many people think that they're only option is going to a car lot or using a dealer that finances their own vehicles. That's simply not so. While most everyone with credit problems uses a car lot, you aren't as limited as you may think that you are when it comes to qualifying. There are services available online that can point you in the right direction to finding the right finance company and dealer to work with. By having your credit score and a good idea of what you qualify for in advance, you'll be better equipped to make an informed decision when you choose your next vehicle.

Reputable online companies can help you to find the lender and dealer combination that will work best for you in your local area. It's much easier than you think when you simply know who to deal with.

Qualifying For Auto Financing With Bad Credit is Very Simple

Credit scores are dropping by the day as increasing numbers of U.S. Citizens are finding theirselves having to pay more to live, while making less money. It's good to know that there are lenders that are stepping up to the plate and helping those that are in need of vehicle loans. Not everyone qualified for the CARS program and there is a mass of people in the United States that are in need of auto financing help. Luckily, lending services that cater to bad credit are coming to the rescue. These lending services that cater to helping people with bad credit are opening the doors of opportunity to people that otherwise would not qualify for a car loan.

Qualifying is very simple.

You don't have to have to meet the same requirements that are needed to qualify for prime lending. The requirements are much less and in most cases, you can get away with a great car loan without the need for a down payment. Getting auto financing without the need for a down payment is a big concern for many people. No one wants to have to empty their savings only to have to make a car payment in just a month. There's little need for down payments with these types of services. Even if you've had disasters on your credit report, these options can make a big difference in your financial future. It's great to be able to rebuild your credit without having to have high car payments that are difficult to afford.

Poor Credit History Car Finance - Online Help

If you're looking for car financing you have a poor credit history, you've probably found this difficult to get approved. What you should know is that there are lenders that are willing to help you. It's not so much a matter of if you can get approved or not, it's a matter of knowing where to apply. A poor credit history does not have to stand in your way when it comes to getting good car finance. Although it presents a hindrance with most lenders, there are some that will readily provide you with approval. Knowing what type of lender that you should apply with will help you out.

These types of lenders and I'm referring to really don't even care to have customers that have good credit. That's not what their business for. These types of companies that only deal with people that have poor credit histories are the best places to apply online. Your credit application isn't something that they have to overcome, it's something that they deal with every day.

What could made it any easier?

If you've been wasting your time with regular loan companies and dealerships than you've probably gotten really frustrated with the whole process. The whole process of having to fill out a credit application and wait for hours or days to see if anything can get done, can really wear you out. The solution is working with companies that only deal with people that have a poor credit history. There are some good loan companies online that can help you.

Options For Bad Credit Car Loans - Where is the Best Place to Get Approved

This article looks at a few common and not so common options that you may have available to you for bad credit car loans. It's much easier than many imagine to get approved if you have a job with sufficient income and meet some basic criteria.

One very smart way to go...

Do you own a home? One of the smartest ways to get a great bad credit car loan is to take out a home equity loan. The interest rates are much lower than most bad credit car loan companies charge and the interest is also, drum roll please... tax deductible as mortgage interest. This is one creative and advantageous way of getting the money you need for a car with a secure financing option.

One not so smart way to go...

Buy here, pay here places (those dealerships that you see with signs offering to finance anyone) are popping up everywhere. These are usually small local dealers that have high mileage used cars. They offer to finance anyone that walks through the doors usually, that has a down payment (to cover the cost or a portion of the car) and a job. This is akin to purchasing a vehicle from a pawn shop due to the high interest rates and the pricing (they're betting that you don't look at an used car pricing guide). If you're in a bankruptcy or just have credit that's "tore up from the floor up" then this is an option for getting back on your feet (or off of them).

One not so common option some have...

Local banks (credit unions included) are an option for some if you have an open account with them that is in good standing. Even after a bankruptcy, if you've kept your payments current with a local lender that has treated you well (and you've reciprocated with timely payments) then it's a good idea to check with them first before going elsewhere. You may be surprised what knowing someone can do, too!

One way many are choosing these days...

Online companies that specialize in bad credit car loans and helping people find lenders based on their credit situation/obstacles are some of the best places to look. There are many websites that offer this service, yet you have to be cautious in this day and time to make sure that you're dealing with a good, solid and legitimate company.

Online Auto Financing For Bad Credit

With the way that things have been going lately in America, so many people are suffering from credit problems that are hindering their ability to obtain normal auto financing. If this is you, you'll be happy to know that there are lending services that are here to help with online auto financing. Recent government funded programs that offered trade incentives for people with older cars with poor gas mileage only helped people that had a qualifying vehicle. There is still a segment of the population that needs help and needs in now.

Fortunately... people that have credit problems can now obtain car loans through lending networks that help people based on their incomes. The monthly car payment is based on how much money you make each month. That way, you don't get overloaded with an auto payment that is difficult to afford. After all, if your working to rebuild your credit history, high car payments won't be of any help. You need a reasonable credit offer that you can live with and that will allow you the freedom to have some extra money in your pocket each month.

Online auto financing is available to people that have bad credit, no credit or horrible credit. These types of services match folks up with lenders that have lending guidelines that match the credit history and income of the consumer. There are just simple standards that must be met, like having a monthly income of at least $1700.00 per month and not being currently involved in a bankruptcy.

No Money Down, Bad Credit Car Loans and Everyone is Approved!

You're sitting there at the computer. You understand that you've got credit problems and you're wondering if there is any way that you can get a car loan without a down payment. Maybe you've had slow or late payments, maxed out credit cards, maybe you've had a bankruptcy or your past due on bills right now. Car dealerships have told you that you're going to have a hard time getting approved and if so, will need to put down money.

It's frustrating.

It's downright aggravating, feeling like you have to think about getting approved more than you think about what car you really want. Sometimes, dealers will tell you that you can only get approved on certain cars, usually the cheaper and older ones. Even worse, they want a down payment.

You can avoid all of these headaches.

If you are over 18 years of age, are able to show that you can make the car payments you're approved for (have a job), have a valid drivers' license and are a United States Citizen, you ARE approved.

Forget about everyone that's told you that you've got bad credit. Forget about everyone that's told you that you can't get approved.

Yes, you can!

The secret to getting an easy approval is by using the funding source that helps people with bad credit. The economy has hurt a lot of people and put people out of work. There are many people that need help to get car credit and don't have money to use as a down payment.

If you've got bad credit, you should use a special loan department that specializes in helping people with bad credit car loans with no money down.

No Money Down Bad Credit Car Loan!

There are thousands of companies in American that specialize in helping people with bad credit. There are payday loan lenders, rent-to-own furniture stores, prepaid and secured credit card companies and bad credit car loan companies. Let's take a look at the latter.

In days past, it was very difficult to get auto financing if you had any past credit problems. Now, even a no money down bad credit car loan, is available to most people. There are no secrets to how you fill out a credit application, nor is anything underhanded needed to get approved. You simply have to know where to go to get your loan.

Wouldn't you agree, that out of the thousands of lenders that help people get car loans with poor credit histories, that there is a lender out there that would give you a car loan with no money down? Of course.

The hard part is finding them. What's even harder is that you don't really know how to find them because you have no idea which lender has the standards that will allow you to get approved. Each lender has different lending standards and it's impossible to know what lender to use without applying with them all, right? Wrong.

With the internet age having arrived, there are websites online that search databases of lenders. This allows you to know that you'll get approved, before you actually apply! This is by far the quickest way to a no money down bad credit car loan, that is available to you today.

No Money Down Bad Credit Car Loan Financing

Have you got the bad credit blues? It happens to so many people. When you first start out in life, it's as if as soon as you get a job, you've got access to credit. Everyone wants to give you a chance in the beginning, when you have no credit. It's so easy to get that credit at first and then it's even easier to fall behind on payments and end up with bad credit.

Getting a no money down bad credit car loan gets harder and harder as time goes by. The longer that your credit report doesn't show any signs of improvement and seems as if you have a career of late payments, the harder it's going to get.

There is hope, though.

In today's internet age, there are hundreds and even thousands of lenders that make a business of working with bad credit car loans. No money down is usually available if the loan value of the car matches up with the sale price, which with the way rebates are available on new cars these days, is easy to find.

Your best option for getting approved for a no down payment, bad credit car loan, is to arrange your own financing outside of a dealership. This involves research and work unless you use a website that will show you comparisons of various lenders and what they charge, require and have available in the way of car loans.

These types of services save you money in high finance charges and are very simple to use.

No Money Down Bad Credit Auto Loans - Getting the Financing You Need With No Upfront Cash Down

When most people think of buying a car with bad credit, they think about big down payments and high interest rates. This is mainly due to what people have been told over the years from car dealerships. Usually, when you go to a car dealership, they will only offer a bad credit auto loan with money down.

This is because of a couple of factors...

1) The amount financed is regulated by the lenders. A loan company may approve you for the car that you want, but only finance a certain amount. When it's less than the sale price of the vehicle, you have to come up with the difference.

2) Dealerships ask for down payments because it increases their gross profit. When they can get a maximum retail price for a car, plus a down payment on top of that, they make more money.

3) When you have negative equity in your trade-in, sometimes there isn't enough room to add on that amount to the new loan. A down payment would be required to reduce the amount financed to fit within the guidelines set forth by the lender.

So how can you get an auto loan with bad credit, with no money down?

By using specialized lenders that work with people that have bad credit, you can pre-arrange your financing. This helps you to know what amount of car loan that you qualify for. By knowing this in advance, rather than choosing a vehicle and seeing if the numbers will work, you can know ahead of time if the vehicle will fit within your qualified loan amount.

One of the fastest and easiest ways to see what you can qualify for and also to get approved, is by trying online lenders. There are good companies that provide legitimate auto loans for people that have bad credit, with little to no money down. This can be a real life saver if you've been told that you'll have to come up with a lot of cash, at a local dealership.

No Credit Car Loans - Getting Approved For Auto Financing When You Don't Have Any Credit History

This article briefly explains the options that you have if you have no established credit history and are in need of auto finance. The basic options that you have are outlined and will aide you in your search for an approval that won't break the bank or worsen your situation.

First of all, if you have no credit history, don't go looking for auto financing without credit checks. Wrong answer. You do not want to fall into the trap of buy here pay here car lots, tote the note dealerships or any guaranteed auto financing gimmick. Those types of establishments charge interest rates, down payments and fees that are astronomical in comparison to better options. Worst of all, is that being that you don't have any other option (or so many people think), the prices of the cars are sky high in comparison to their actual value. So we've got that one out of the way. Don't do it.

Next, is online auto finance or financing options through sources online that can match you with lenders that specialize in no credit car loans. These types of companies can help you with auto finance whether you have no credit or bad credit. They match you with lending sources and companies that will provide you with an auto loan approval, based on your income. The payment terms and rates are much more advantageous vs in-house dealership financing. Best of all, with a good auto loan through a legit online source, you'll have the opportunity to build or rebuild your credit history.

No Credit Car Loans - Getting Approved For Auto Finance When You Have No Established Credit History

When you have no credit, it's actually a little bit easier to get a better deal on auto finance than it is if you have bad credit. Different things are taken into account and you will find that you can get a much better deal depending on your time of employment and how much you make each month. In some cases, what you do for a living or how you make your money can have a bearing on what you can qualify for starting out. Getting a car loan with no credit history is fairly simple and straightforward, but the deal that you get is dependent upon a few different factors.

The first factor is how much money you make each month. If you may only $1000 a month, it's going to be really tough qualifying for car loan. This is the same when you have bad credit, too. There are basic income requirements that must be met to qualify for auto financing. For you to qualify with no credit history you need to be making a minimum of $1700 per month. Without that, it's really not going to be happening unless you have a very strong cosigner that is either a parent or guardian. But, if you have the income then qualifying is fairly simple. The more that you make, the more that you can qualify for.

In some cases you can even get approved for brand-new car a few qualify through some of the major manufacturers college programs.

No Bull Car Loans For People With Bad Credit - Legitimate Online Auto Financing For Your Situation

Let's face it, the reality is that the Internet is cluttered like a dirty pool with gimmicks and spam offers that are not worth the electricity it takes to load the webpage. This makes finding a legitimate car loan for bad credit a difficult task for people that don't know where to look or where to turn for help.

Is this you?

Do you have bad credit and are looking for a legit auto loan that can help you to rebuild your credit? Would you like to have reasonable interest rates and payments that you can actually afford to make on time? Fortunately, among the thousands of gimmick offers on the Internet that litter the web with spam, there are legitimate opportunities for auto finance for people with bad credit.

The way that legitimate companies work to help people with auto finance, is that they have databases of lenders that can match you with a loan company based upon your income and time of employment. While there may not be a large selection of companies in your area that specialize in helping people with bad credit, among the thousands of lenders in America, there is help. Finding the lender that is right for you, is all it takes to get a reasonable car loan with reasonable payment terms. There are companies that make their entire business out of helping people just like you.

So you can forget about all the negative experiences that you may have had while trying to get approved. Help is just a click away and you may be surprised at what you find right here sitting at your computer.

My Credit is Shot! Where Can I Get a Car Loan

Let's have a little conversation, shall we? I'll do the typing and you do the reading. I really can't respond to your questions, so I'll do my best to guess what they are and answer accordingly.

Deal?

So your credit is shot. You've got bad credit and you're wondering where you're going to get a car loan. If dealers have turned you down for car credit, then you're probably down in the dumps, wondering what to do. It's common. It's such a disappointment to be turned down. Even worse is when you were really excited about test driving that car and hoping to take it home.

Bummer...

Well, it's not over yet. Do you still want to get approved? Don't let those bad thoughts of feeling like you can't hold you back. You can do something only if you think you can do something and that's a fact. Whether you think you can or you think you can't... it's all in your head.

The truth is, whether you believe it or not, is that there are more lenders in this country than you can imagine. Thousands. Guess what the good part is? They all have different standards. They all approve and disapprove car loans based on different things.

If you have a repossession, your best bet is not going to be to go apply for a $60,000.00 sooped up sport utility loaded with plasma TV's at the Bank of America. It's just not going to happen. There are however, lenders that will approve you for reasonable transportation with reasonable terms. Don't get your hopes up too high, now. I'm not promising you the moon, the stars and Elvis's mansion.

I'm promising you this...

People get it in their head that they can't get a car loan because a few dealers have told them no. It's only nature that once you've been told no, enough times when you ask the same question... you'll quit asking the question.

Don't you think that you can't get a car loan. What you have to do to get approved is go to the right lender. Finding them is as easy as 1-2-3 on your computer keyboard.

Your auto loan is waiting for you online.

Go get it.

My Car Payments Are Too High! What Can I Do to Lower My Car Payment

To be honest, I don't really know of anyone that thinks that their car payment is too low. Most everyone thinks that their car payment is too high, mine included and I get great deals on cars and car finance. So, what can you do when your car payment is too, high? Although some options may seem a bit intimidating, it's actually incredibly simple to do...

Pay Down Your Loan.

That may sound a little stupid at first glance, but it's very simple to call the loan company and tell them that you would like to lower your car payments and that you are interested in paying down your loan. Most all finance companies will allow you to make a lump sum payment to principle and lower your car payments for you on the spot. There is paperwork that you'll have to sign, either in person or by mail. If you have the money, that's an option for you that is really simple.

Call Them Up and Tell Them About It!

Call up your finance company and tell them, "My car payments are too high!". You may be surprised to find that if you let them know that you're struggling to make your payments and would like to get your payments lowered, they actually can easily 'flip a switch' so to speak and lower your interest rate right over the phone. Car dealerships mark up interest rates anyway and if you've been in your loan for more than a year, which is how long the kickback the dealer gets is based on, you may be pleasantly surprised that your interest rate can be lowered as much as 5% by making a simple phone call to the lender.

Simple Auto Refinance.

Even with bad credit, there are loan companies online that will replace the loan that you have on your current vehicle with a new one. This is very simple to do and only takes a minute to apply for a new auto loan at a better interest rate. People with bad credit can especially benefit from this type of service because using a lending service that has a database of lenders can most assuredly provide you with a much better deal. When approved, all you do is tell them that you already have a car loan and you're just wanting them to send a check to your lienholder. It is just like getting a new loan and your payment terms can also be extended to lower your car payments even further.

Low Credit Scores Auto Financing For People With Bad Credit Can Be Found Online

You have probably been given some terms that you dislike from your local dealer's finance department regarding getting a car loan with a low credit score. In fact, you have probably been turned down as many people are. You don't have to take the crazy interest rates that they most likely have offered you.

In today's hard economic times, online lenders are competing for your business. If you have unsavory credit, it means you will pay more money in interest which benefits the lender, unless you know where to go. The old saying, "it's not what you know, it's who you know", comes to mind. You will pay more in interest than a person who has better credit, but you don't have to pay the highest rate the finance department decides to charge you.

Let me explain.

The majority of Americans are not aware of how much money car dealerships make on your average loan. Let's say the finance company sends your dealership a fax that approves you for a loan with a rate of 9.5 percent. Now you will pay a higher rate thanks to the fact that the car lot will increase your loan. So you will pay a much higher price than you would through an online lender.

If your local finance manager knows you are in a hurry to get through the approval process, he or she may make you believe you need to spend more money than is required. You can avoid this rat trap entirely through using an online loan company.

Did you know there are online companies that specialize in helping people like you? Their approval processes are faster, easier, and have lower interest rates. You may be astonished to know that some of them are close to where you live, yet available online.

Low Credit Score Car Loans Online - It's All About Using the Right Lenders

Yes you can obtain car finance if you have a low credit score. You probably have found however, it's easier with some lenders and harder with others. Choosing the right lender to apply with makes all the difference. Car financing is easy if you simply know where to apply. A low credit score can hold you back from obtaining credit cards, a home loan, as well as many other things. You can get a car loan, much easier than you can those things. As different loan companies have different requirements for issuing loans, knowing what type of lender that you should be using is very important.

Having a low credit score, you probably have had a hard time getting a car loan at a local dealership. That happens frequently and is understandable is not all car dealerships are equipped to get just about anyone approved. While you can easily get finance through a buy here pay here dealership, they should definitely be avoided. They won't help your credit score and you end up paying a lot more for car at one of those types of places.

Lenders that deal exclusively with people that have a poor credit history are your best option. There are some and some towns around the country, but the easiest access to them is using the Internet. The Internet allows for faster approvals and much faster processing. After all if you wanted to wait a long time, you could just go to a dealership. It's much more convenient and is simply easy to get financing online if you have a poor credit history.

Loans For a Car With Bad Credit - Getting Approved Without Hassles & Gimmicks to Slow You Down

It happens everyday. Folks go into car dealerships, are told that they have bad credit and end up on the internet looking for a solution. They get caught up in a bunch of spam and hoax websites that instead of offering a real car loan, end up trying to sell them car insurance or some other gimmick deal. It's frustrating and it can really slow you down if you need a car loan and want real answers.

Too often, car dealerships don't give you the answers that you need. The information that you need to get approved for a car with bad credit seems to be hidden away somewhere and it seems like nobody is talking. Well, you can take comfort in knowing that there are a few places on the internet that can truly help you.

Legitimate companies that are in the business of helping people get car loans with bad credit, are a major help in this type of situation. What they do is very simple. They match you with a lender that has the lending guidelines and requirements that match your credit and income profile. I guess you could call it a "matchmaking" service for auto loans.

This type of loan service is the most effective means of obtaining an auto loan with bad credit and can provide you with much better payment terms than you would find through traditional means. The dealer to dealer "hopping", trying to get approved is not the best way to go about getting approved. You'll find everything that you need if you simply use a reputable, reliable and legitimate online source for your bad credit auto loan.

Legitimate Online Bad Credit Car Loan Companies - Getting Approved For Finance on the Internet

Just about everything that you can imagine is on the internet in one place or another. Auto finance online for people that have bad credit is something that has just come around over the last few years. Legitimate online companies that can help people that can't get approved locally, are a big help for people that have low credit scores. Finding a legit offer however, can be as challenging as raising a credit score!

There are some good companies though, that specialize in bad credit auto finance on the internet. You'll find or probably already have found, that there are a lot of gimmicks when it comes to credit. So you have to be cautious about which website that you use. Just because a site has flashy graphics, doesn't really mean much.

There are many benefits to getting approved online with a legitimate car loan company vs buying a car at a car dealership. You know the usual drill at car dealers. You go in, take a test drive, fill out a credit application and are at the mercy of the finance department. A down payment is usually required at car lots and the interest rates can be rather unfavorable if you have less than perfect credit.

By applying and getting approved online, you have the advantage of having your financing already taken care of. Peace of mind that you know what you're qualified for based on your monthly income is something that can put you in a better position to make an offer on a vehicle, rather than having to be told what you can buy and what you can't at a car lot. Just make sure that you apply with a legitimate car loan company that has a good track record.

Legitimate Online Auto Loans For People With Bad Credit - When You've Been Turned Down at Car Lots

If you have bad credit and have been looking the internet over for legitimate auto loan offers, you probably have had a hard time finding something legitimate. Fortunately, there are good car finance companies online that can help you if you have bad credit.

Most car shoppers that have credit issues tend to have their priorities reversed. 

Rather than arranging the best finance deal that they can get and acquiring an approval for a loan, they pick out a car first. Settling on a vehicle before arranging your financing and getting approved is what car salesman encourage you to do. They encourage this because it gets you emotionally charged up when you sit down to go over the "numbers" and puts you at a disadvantage when it comes to seeing things rationally. That's why people leave with more car than they should have bought or they end up paying much more in payments than they had budgeted or planned for.

While there is nothing wrong with shopping for a car and getting hooked on a vehicle that you really want, there is a much more effective way of getting a bad credit car loan. Don't fall into the trap that most people fall into.

Simply put, if you take care of the financing part of the deal and get approved first, you can then shop with confidence that you know what you ARE approved for. This is so beneficial because you can practically just go pick out a car.

If you've been through the typical routine that salespeople encourage you to go through, and you've been turned down at car lots and need online auto finance, there are some companies online that can help you.

Legit Auto Loans For People With No Credit History

If you've been ravaging through the website on the Internet looking for legit car loans for people that have no credit history, you've probably got a little bit frustrated. There are so many websites on the Internet that don't even look like a real opportunity. They look like spam. It leaves one to wonder how these things end up on the front page of Google.

Fortunately, you've come to the right article and there are legitimate opportunities to get financed if you have no credit history. Not having any credit, is not actually as bad as you might be thinking that it is. All that means is that you are looking for someone to give you a chance. It is much easier to get a first chance at something than it is to get a second chance. While there are car loans available for people with bad credit as well, you may find that you qualify for a lower interest rate by a point or two.

Car loan companies that are legit are going to hook you up through a network of lenders and dealer partners that specialize in helping people that are in your situation. They do it every single day and in fact make a business of helping people just like you. So, there is no reason to be discouraged whatsoever. You can get financing with no credit, you just have to go to the right sources and need to avoid scams and spam offers that aren't legit.

Learn How to Get Approved For a Car Loan With Bad Credit

This short read will explain to you the simplest way of how to get approved for a car loan with bad credit. Most people think it's very hard, although there are sources that make it very easy for you.

1) Although not the most popular option, you can get a car loan at a buy here pay here car dealer. Typically, you''ll be expected to put down a down payment in an amount of atleast 10% of the amount financed or the purchase price. If you have cash down and there is a dealer in your area that you trust, this may be an option for you. There is generally no credit check involved. This is the most expensive route to go as you generally will pay a premium price for a car and the finance charges are usually very high, exceeding a 20% interest rate.

2) You can easily get approved for a car loan with bad credit by using an online loan service. Services of this type review your basic information, such as credit score, bankruptcy or other issues as well as income. They then match your credit with a lender that will approve you. It's common that you'll receive information from multiple companies interested in giving you an auto loan. This can be a real relief if you suffer from bad credit and sure beats going from dealership to dealership to try to get approved.

Those are the two easiest ways to get approved for a car loan, if you have bad credit.

Is There Any Such Thing As a Guaranteed Car Loan

There is absolutely no such thing as a guaranteed car loan through a real finance company. That would be the same as saying that there is such thing as a guaranteed mortgage for a house. It's just not the case.

There are people that for whatever reason, will try to convince you on the internet that is such a thing as guaranteed auto financing. No real auto lender would offer 100% guaranteed approval car loans. The closes thing to this would be if you went to a buy here pay here car lot and even then, there are conditions.

A buy here pay here car lot will not give you financing unless you have a down payment, are free from bankruptcy proceedings and have a job. So even with dealers that offer in-house financing, an approval is not guaranteed.

The closest thing that you will find to a 100% approval is an online loan company that specializes in helping people with bad credit, get approved. There are scam sites out there folks that you should be aware of. I won't list them here. Just be warned that there are people that are out to make a quick buck, rather than delivering the truth. Do not believe everything that you read online.

There are legitimate companies and websites online that offer very high approval ratings. The sites match your credit report and history with lending requirements that various lenders have. As there are so many bad credit car lenders in America, having a database of these lenders allows legitimate sites to offer you a 99% guaranteed approval for a bad credit car loan.

Is it Really Possible to Get Auto Financing With Bad Credit

For decades, the way to buy a car was to drive up to a dealership, get greeted by a salesman, take a test drive and fill out a credit application. For people with good credit, this still works. However, if you have bad credit, you've got to take an alternative route.

Getting financed with bad credit means that you've got to work with lenders that car dealers don't even work with. You need to work with a loan company that specializes in helping people with bad credit get the car they need with no money down and at payments and terms that they can afford.

You don't want to end up spending thousands of dollars in extra finance charges because you've got credit problems. Having really high payments won't make it easier to repair your credit, at all. That's why you need to deal with a specialty finance company that will work with you, regardless of your past credit history.

Dealing with a finance company that specializes in helping people with bankruptcies, repossessions and foreclosures, allows you to get an easier approval, lower interest rates and lower payments. They'll tell you how to make sure that your purchase doesn't require a down payment, which is great!

Going the alternative route and bypassing the dealer finance department allows you to have more negotiating power. Rather than being focused on whether or not you can get approved, you can make an offer on a new or used car as if you are paying cash.

Is it Possible to Get a Car Loan Online With Bad Credit and No Money Down

It is totally possible to get a real car loan online when you have bad credit. Not having to have a down payment depends upon the relationship between the loan value of the vehicle that you are buying and the percentage that the lender will loan on the car based upon that loan value.

If you get a great deal on a car you will not have to put down any money upfront. If the price of the car is a little bit higher than what is required by the lender, you will have to put down a small down payment. Fortunately, there are real lenders and sources for car loans online that will work with your budget. You can even get payments that are based upon what you make each month or, your total household income.

This is exciting news for a lot of people that are unaware that these types of services are available. The fact is, some services have had over $1 billion in secondary financing approved for people that are in your same situation. Just like everything on the Internet, there is spam and then there is jam. There are websites that are nothing more than spoofs and there are real opportunities with real companies that are willing to help you.

If you have bad credit and are looking to get financed for car and you don't have any cash to put down that I would highly suggest that you explore the opportunities that are available to you with legitimate online lending services.

Is it Easy to Get a Car Loan With Bad Credit

Most car shoppers that have a low credit score wonder is easy to get a car loan with bad credit? The answer to this question can be very broad as there are many variables that can be involved however, there is an easy solution.

Depending on what your credit score is, it can be nearly impossible to get a car loan at a local dealership. Don't let anybody fool you, it can be very hard with some lenders. While there are some dealerships that focus on helping people that have  bad credit, you will find that some of those dealerships that are not reputable may take advantage of your situation. This can cause a lot of frustration because the last thing that you want to do is be pressured into a car that you really don't want and into payments that you really can't afford.

While you are rebuilding your credit, the easiest way to get a car loan that will help you to reestablish your credit is through a lending network. There are some special finance car loan companies and websites that can help you to not only obtain a car loan but also, to help you reestablish her credit with reasonable interest rates and low monthly payments.

My recommendation to anyone that is wondering how easy it is to get car finance with bad credit, is to take a look at some of the opportunities that you have through online lending services. You may be surprised what is available for you in your present situation.

Instant Car Loans With Bad Credit

Getting an instant car loan when you have bad credit is like a dream come true to many Americans. There are sources and lenders now that didn't exist 5 or 10 years ago. Getting into the car you need and want now, is right at your fingertips.

With the modern information age, more and more people are turning to the internet for shopping, banking and even car loans. It's convenient, fast and saves money vs traditional lending. Loans are available for people of all income ranges, credit histories and for those with limited funds.

There are many advantages to getting an instant online car loan:

Real time, instant approvals

Lower interest rates

Down payments can be avoided

Approval is guaranteed, once issued

No waiting

You can choose where you shop for your car

The biggest advantage of getting an online approval for your next car loan is that you are not limited to a dealership inventory. Typically, when you get approved at a dealership, you're limited to the cars that one dealer has. This can be really frustrating when you have to make a choice not based on what you want, but based on what you're approved for. Arranging your instant financing online gives you the freedom to choose to buy your next vehicle, wherever you wish. This allows you to shop local auto shoppers and classifieds, look for cars for sale by private owners or use online car auction sites to snag a great deal. Avoiding the headaches of repeated credit applications is a plus, as well.

Instant Approval Car Loans After Bankruptcy

Chapter 7 bankruptcies and more commonly, chapter 13 bankruptcies leave a mark on your credit report that lasts for 7 to 10 years. Obviously, you're going to need a car loan before those 7 to 10 years are over. So where can you go to get an instant approval for a car loan after you have had a bankruptcy.

The first thing you need to understand and keep in mind is that your bankruptcy has to be completely closed, discharged and over with, before you can logically expect to be able to obtain auto financing anywhere. While it has been said that there are some finance companies that will give you a car loan while you're still in a bankruptcy, you don't even want to think about how high those interest rates are and the terms of those types of loans.

So if your bankruptcy is fully discharged or dismissed and is completely over with then you can obtain instant approval auto financing. While your local dealership may not be able to do this for you, there are legit lending networks and lending services on the Internet that can help you to get what you need. Keep in mind, just like everything else and every other opportunity that you come across, you cannot trust everything as being legit.

Getting in instant approval online is very simple and you may be surprised that you can actually get better terms than you may be expecting. As always, it's a good idea to shop around even when you have bad credit.

Info on Bad Credit Car Loans For People That Have Low Income

If you have bad credit and a low income, it's very challenging to get approved for a car loan. This article looks at the basic requirements set forth by companies that do offer auto financing for people in this situation.

If you have low income and are in need of a car loan with bad credit, there are a few options that are available to you. Buy here, pay here car dealerships, local banks and online financing solutions have various pros and cons while online opportunities through companies that have low income requirements may be the most convenient solution.

In-House Dealer Financing

Buy here, pay here car dealerships are car lots that offer to finance their own vehicles without a credit check. A minimum down payment is required in most cases and payments can be made on a weekly, biweekly or monthly basis. The interest rates and prices are usually high, so this option is something that should be considered a last resort.

Your Local Bank

Local banks or credit unions have different loan requirements so you will need to consult with your local resources. If you have an account with a local bank or credit union, then you may find favor when applying locally at one of these locations.

Looking Online

Online financing options for people that have bad credit can offer you an opportunity to be matched with an auto lender that caters to people in your particular situation. Some lenders work with marginal, fair and bad credit, and each lender is different. Some sites have large databases of lenders that you can be matched with based upon lender approval criteria and your credit and income. A low minimum income of $1500.00 per month is required. Bankruptcies must be discharged and repossessions are ok, so long as some requirements are met.

If You've Got Bad Credit, Get Car Financing Right Now With Special Finance!

Regardless of the bad marks on your credit report, you can get approved for a car loan, online. Any bankruptcy that you have must be either discharged or dismissed and you have to be 18 and over. Monthly payments are based on your monthly income.

So many people have bad credit these days and it's fortunate that there are loan companies popping up on the internet that offer solutions. With so many people banking, shopping and meeting friends on the internet, it makes sense that car loans are available online, too. It's convenient and allows you to choose where you want to shop for and buy your next car. The days of having to sit in line at a bank or in a car lot waiting room to get approved are over.

Qualifying is easy and online lenders are available for people of all credit scores. You don't have to be embarrassed about your credit. With the state of the economy now, you may be surprised that people with credit problems are becoming the majority, rather than the minority.

To qualify with most reputable online lending services:

You must be 18 or older

You must be a U.S. Citizen

You must have a valid social security number

You must have a valid driver's license

Any bankruptcy must be discharged or dismissed

If you think that you would like to get a car loan online, you open up new possibilities for yourself. You can not only buy a car at the dealership that turned you down, you can choose to buy your car from whoever and wherever you choose.

If You Have Bad Credit and Need a Car Loan - You Don't Have to Wait to Get Approved For Financing!

For people that have good credit, they can just walk into any dealership, pick out a car and drive away with what they want. When you have bad credit, it's an entirely different experience and one that can leave you feeling pretty low.

What is even worse is that it seems as if you'll have to wait a few years before your credit will improve enough that you can get a good car loan.

Getting a good car loan is much easier than you may be thinking. By using online car loan companies, you are able to get a faster and a better approval. You can also get better terms and eliminate the need for a cash down payment.

A lot of salespeople will try to encourage you to pick out and drive a vehicle before the financing process has even begun. This is because they want you to be emotionally involved in the sale. It is to your advantage to prearrange your loan approval before this happens.

Here are a few tips to help.

Don't be fooled into thinking that you have to purchase a warranty for used vehicle as a stipulation of your loan. This is not the case, although dealerships will commonly make you feel obligated to purchase one.

You can save alot of money on a car purchase, simply by backing out of the deal when you get to the finance office. Keep in mind though, they may try to call your bluff and not come down on the price or the interest rates. One way to ensure that you get the best deal on financing is to arrange your loan before you head to the dealership. If you have bad credit, there are some good sources on the internet that can help you.

I'd Get Fired If I Told You This About Bad Credit Car Loans

As a former car salesman, sales manager and finance manager, I can tell you things about buying and selling cars that you've probably never even imagined happen on car lots. Here's another that you may find interesting.

When a customer is approved for a bad credit car loan, there are generally stipulations in the approval that the dealer must abide by in order to get the "deal funded". Getting the deal funded simply means getting paid for the car by the loan company, which holds the title for the borrower.

These stipulations are commonly known as...

Proof of residence required

Proof of income required

Previous year tax returns required

80% advance

90% advance

95% advance

There are others, but let's take a look at the "80% advance"...

Let's say that you're looking to buy a car that is priced at $10,000.00. Your loan application has been approved and there is a stipulation that the loan company will only provide an 80% advance. What this means is, that the loan company is only going to give the dealership $8,000.00 for the car. The other $2,000.00 (which you will be paying payments on) is the responsibility of the dealer. This means that the dealer is telling you that he's selling you the car at $10,000.00, but in reality, he's only getting paid 80% of that.

So where does the other 20% come from? How does the dealer get paid the other $2,000.00? He's got to make a profit, right?

Well, if you have a trade in that's worth $5,000.00, he may tell you that it's only worth $3,000.00. The difference between the trade in "allowance" and the ACV or "actual cash value" of your car, makes up the difference. He allows you $3,000.00 for your car, when it's really worth $5,000.00 on trade. Make sense? The dealer gets the other 20% that the loan company won't advance on the loan by manipulating the numbers.

That my friend, is something I would have gotten fired over for telling a customer.

You can bypass dealer financing by arranging your auto loan online. There are companies that specialize in helping people with bad credit, get approved for no money down car loans.

I Need a Car Loan But I Have Poor Credit

Even if you've been turned down for an auto due to poor credit, you'll be happy to know that there are lending sources online that are willing to help you get into an auto loan with little to no money down. Credit problems have held many people back from being able to take advantage of recent rebate programs funded by the government. There are still people that are in need of auto financing.

People that are still in need of auto financing will find that qualifying for a real car loan is simple. There is no need to use a buy here pay here type of car dealership, as real financing is now possible.

People that have good credit have to meet very strict guidelines in order to obtain a prime interest rate. The qualifications and standards for getting approved through lending sources online for bad credit, are much different. You can get a better interest rate with a company that specializes in helping people with poor credit.

Allowing you to re-establish your credit history with a real car loan, these types of lenders make getting approved so much easier. There is no need for the frustration of going lot to lot, looking for a deal or approval. The deal and credit offer comes to you with these types of lenders. It's so much simpler and can make the car buying experience so much more pleasant. There's just no need to have to worry about getting approved for the car that you're looking for when you know in advance.

I Need a Car Loan and I Have a Bad Credit Rating!

Obtaining car finance when you have bad credit rating can be very difficult. Many people find themselves applying a car dealerships only to get turned down. There are a few things you need to know that will help you along your way. Knowing where you can get approved will help you out a lot. The truth is that not all lenders will approve you and you need to focus on most lenders that are most likely to provide you with financing.

Car finance companies that exclusively work with people that have a bad credit rating, is the ticket for you. Don't waste your time with companies that are more geared for people that have good credit.

While there are some companies that can help folks that have marginal credit, the majority of them are to be really tough to get approved with. The best thing for you is a car loan company that does nothing but, process bad credit car loan applications all day long. It's not a challenge for them.

These types of companies do it every day and have no problem getting you together with the auto loan company that is best suited for you. What could make things he easier for you? If you have a bad credit rating, there's really no better option.

An added benefit of initiating the financing end of the car purchase online, is that you can avoid the pressure of dealing with salespeople in the dealership. You're able to take an honest look at your finances, see what you can qualify for ahead of time, and make a more educated, informed decision about your purchase.

I Need a Bad Credit Car Loan With No Down Payment

Dealers just don't give you as much respect, it seems, when you have bad credit.

You test drive a car, fill out a credit application and in about 5 minutes, that big smile on the salesman's face seems to turn down a bit. He's telling you that you've got credit problems and "We'll have to see if we can get you approved".

He then takes you from the car you really wanted and walks you over to three or four older cars that you can choose from. "How much money do you have for a down payment?", he asks.

You're frustrated and confused. The sale price, the payments, the interest rate, the attitude that you can sense from the finance manager... it all seems, unfair. 

You know you can make the payments on that newer model. You know you can. It's just that past problems are getting in the way. There were reasons that you couldn't pay your bills before and now you're ok. It's just that credit report that everyone thinks is a measure of your worth.

It's not the end of the world and you can avoid all of these headaches and frustration. There is a better way.

You can get approved for the car you want, regardless of past credit problems. Yes, you can. Do you have a job? Your job is your good credit. It's simply a matter of knowing where to get this easy financing. No money down is required, by the way.

Foreclosure? Repossession? Bankruptcy? Getting approved online is the easiest way to get into the car you want with a lower interest rate and without a down payment. The secret is to work with an online finance company that actually specializes in helping people with bad credit get a second chance at auto finance.

I Have Bad Credit and I Want a Legitimate Car Loan Online With No Down Payment and No Gimmicks!

Smoke and mirrors. That's what I think of when I look at some websites on the internet. When you've got bad credit and you're looking for a real car loan without hassles and gimmicks, it's tough sometimes knowing where to turn. It seems like there are thousands of websites on the internet and it's just tough knowing what is real and what isn't.

Well, you'll find that there are some good companies, but it's like trying to find a needle in a haystack, as the old saying goes. Here's a few tips that will help you in being certain that a company that offers bad credit auto loans is legitimate and isn't just trying to snag your wallet.

1) Is the company registered with the BBB Online (Better Business Bureau Online) and for how long? This is a good indication of legitimacy as any company that been in business online for any length of time will be registered.

2) Does the company have a long, long track record of helping people to get approved? Or, have they just popped up yesterday and are new to this business? What accomplishments have they made in respect to getting auto loans approved?

3) Do they offer real auto loans or are they just in the business of generating leads for auto dealerships? There's nothing worse than wasting your time filling out a form in the hopes of getting a loan, only to get a car from a dealer trying to sell you a car.

4) Can they truly offer a no money down auto loan package, or is that just another advertising gimmick? Always read the fine print.

If you have bad credit and want a real car loan, there are some legitimate companies online that can provide you with an auto loan with little to no down payment. Even if you've had a bankruptcy, repossession or a foreclosure.

Finding them though - that's another story.

I Can't Get Approved For a Car Loan - What Should I Do

If you haven't been able to get approved for a car loan in your local area, it may simply be that the dealerships that you've been dealing with don't have the lending resources to help you. There are lenders for everyone and if this is the case for you, online lending sources that offer legitimate auto financing options for people with bad credit can be the best solution for many people.

You will find that dealerships in your area all deal with different lenders. Sometimes new car dealership have more resources available to them than standalone used car dealers. Either way, you can benefit from using a lending network that has thousands of dealers and lenders at their disposal to get you approved.

Don't be discouraged.

You just haven't been to the right place yet. Have you had a repossession? If it hasn't been included in a bankruptcy, then it needs to have been 12 months ago, at a minimum. If it was included in a recent bankruptcy, then that's ok.

You also have to consider income requirements. You need to have $1,700.00 or more in personal or household income to qualify for most auto loan programs that help people with bad credit.

You will have to have a job. No one will extend credit to you for a car or a credit card if you don't have a source of income. This can however, be social security or disability income if that may be a situation that you are dealing with.

How to Get Out of a Car Loan When You Just Bought Your Car

There used to be a man in Valdosta, Georgia that had the nickname of "Torch". Torch was a big guy, and that's about all of the description that I'll tell you. I've heard, but never seen, that you could give Torch $600.00 in old $20.00 bills and he'ld take care of your car loan for you. For another $400.00, the car was guaranteed to never be found. Torch is now in federal prison.

Wanting to get out of a car loan right after you've bought your car is simple if you act fast.

If you just bought the car at a dealership within the last couple days to a week, you can get out of your loan. The dealer won't tell you this, but all you have to do is call the finance company that the contract is with and tell them that you feel that you were misled about the car by the dealership. Tell them that you are returning the car to the dealer in the original condition and that you will absolutely not pay the loan if they send it through. Trust me, this will have their attention and they absolutely would rather back your contract out of their system than to have an instant repo on their hands. This works only if they have not yet sent a check to the dealer for the car. Don't ask them if they have or not because they can cancel the check to the dealer, easily to avoid an instant repossession.

Trust me, it works if you act quick.

How to Get Instant Approval Auto Financing For People That Have Bad Credit

When you have bad credit, getting approved for an auto loan can be a very frustrating experience. Most all car lots offer auto financing through a dealer network of lenders, but it can take quite some time for you to get in approval and no one wants to sit and wait only to get bad news. Sometimes dealers will do what is called a spot delivery, without authorization from the financial institution, which can lead to you having to take the vehicle back if your financing falls through.

Other options that are available to you include online auto financing. Getting approved over the Internet is a much faster process, as with legitimate sources there are numerous lenders that are waiting and standing by to give you approval. Credit applications are constantly reviewed and it is a very fast-paced business.

Before you set out going from dealership to dealership looking for approval, possibly you would wish to explore the opportunities that are available to you with online auto financing. You may find that you will be in a much better position to get approved. You will also be in a better position to negotiate the price of a car as well as your auto loan rate. This gives people that have bad credit a significant advantage when it comes to purchasing a car.

By far, the quickest and fastest way to get approved for an auto loan when you have bad credit is by using an online lending service. Not only will you be able to obtain a lower auto loan rate by cutting out the middleman, you'll be able to get a faster response to your application.

How to Get Bad Car Credit Loans

The best way to get a bad credit car loan is by using an online lending service. If you have good enough credit that you can go through a car dealership and you feel comfortable with interest rates and the lending requirements that they offer, then that may be okay for you. It's hard to say because everyone's credit is different and everything has to be evaluated on a case-by-case basis. I myself, arrange my own financing every time I purchase a vehicle and I never use dealer financing.

It's up to you.

Commonly, when you have bad credit and go through dealership financing there are many stipulations for the loan that can be a real headache to have to go through. Having to come up with a utility bill, proof of income with paycheck stubs, filling out a long list of references of friends and family that can be contacted if you ever default on the loan and many other things that you have to come up with can seem a little bit degrading. Not to mention that the interest rates that car dealerships try to get you to agree to are loaded with profit for the dealership.

You can avoid all of these headaches and get an approval much faster and easier if you use an online lending source. Some are better than others and I certainly would not recommend that you do anything that would harm you.

There are many pluses to using an online lending source for your approval and the least of these are that when you get your approval notice by e-mail, you are free to shop for your next car wherever you want to and don't have to worry about whether or not you'll get approved.

How to Get Approved For a Car With Bad Credit

Most people don't know how to get approved for a car with bad credit. Some think that the best place to get financing arranged is a car dealership.

This is not true.

If you have bad credit, you can get approved for a car easier if you do not use the dealer finance department. That is a 100% fact. Why is this? Loan companies that specialize in working with people with bad credit to get bad credit car loans actually prefer, to deal with customers directly.

Why?

It's simply because if you are working directly with them, you are seeking to get your financing arranged prior to shopping. It shows that you are being responsible.

Most people don't know...

Car dealerships make money on loans that they get approved through their finance office. It's called "backend profit". If you get approved at 9.5%, the finance manager will "add points" to your loan. They will tell you that you are approved at a higher rate, like 13% or more. The 9.5% is the "buy rate" and the 13% or more is the "sell rate".

The difference between 9.5% and 13% is called dealer profit. Plain and simple.

This raises your car payments.

When you arrange your financing directly, you get approved easier and with lower payments because there is not a dealer "adding points" to your car loan.

Also, you are able to focus on getting the car you want at the price you're willing to pay, rather than having to be focused on "getting approved".

Regardless of past credit history... it's 10 times easier to get a car loan if you arrange your financing directly with a lender and it's easiest to do it online.

How to Get Approved For a Car Loan With Bad Credit

If you have bad car credit, you're probably very frustrated with the situation that you've found yourself in. Past mistakes are holding you back from getting the car credit that you need. You know you can afford the payments if you can just get the loan, right?

Well, you can take comfort in knowing that you can get approved for a car loan with bad credit, online, much easier than you can get approved at a car lot or at a normal bank. Online car financing for people with really bad credit isn't quite as difficult as you may think that it is. Do you have a job? Are you an American Citizen? Are any bankruptcies that you may have had discharged, dismissed and out of the way?

If so, then you deserve to give online auto loans a chance to get you approved for the car that you want. It's quick and easy to apply for a car loan online and the approval is in most cases, instant. You don't have to sit in front of a loan officer that is going to ask you questions about every late payment that you've ever had. You don't have to go from dealership to dealership filling out credit applications trying to get approved.

Lenders prefer to deal directly with borrowers, especially when they have bad credit. They want to know that you're taking the loan seriously and will see that when they know that you're the one looking for a second chance and it's not just a car dealer trying to put you in a car.

How to Get Approved For a Bad Credit Car Loan With No Money Down and Low Interest Rates

If you're looking for a bad credit car loan, then you're probably a frustrated person right now. You want some new wheels and whether you really need a new car or just want one, it's a frustrating feeling to know that you're credit is getting in the way.

It doesn't seem fair. You know you can afford the payments. Heck, you're probably making payments now. You just wish that a loan company would give you a chance and you certainly don't have a couple thousand dollars laying around to use as a down payment. Even after you put down that down payment, you're payments are still going to be really high because of the high interest rate. It's frustrating and I feel your pain. I've been there.

Are There Any Other Options?

Yes!

Most people have never had anyone tell them that getting approved through a car dealership for financing is one of the hardest ways to get approved for a car loan if you have bad credit. It seems natural to depend on the car dealership to get your financing. When you have bad credit though, it's one of the worst things that you can do and there are better alternatives.

You probably didn't know that even with horrible credit... I'm talking HORRIBLE credit, you can easily get approved online. It's very, very simple and people walk out of car dealerships paying thousands of dollars more than they should have because they didn't know this simple fact.

Getting approved online is easy if you use a lender that specializes in helping people with poor credit. No down payment is expected of you and your interest rate will be much lower than if you went through a dealer to get approved. 99% of people with bad credit have no idea that they even have this option and those same 99% can easily get approved if they just have a job.

So there you go. Enjoy your new ride!

How to Get an Auto Loan With Bad Credit

I'm going to show you how to get an auto loan with bad credit. It's actually easier than you may think.

Bankruptcy, repossessions and foreclosures are on the minds of many Americans. These words used to be taboo in American culture. With the recent tragedies in the economy with job losses and the crash of the stock exchange, these words are becoming household names.

The more severe your credit problems... the narrower your options for getting a car loan. There are only a few places that you can get a good deal on auto financing with bad credit.

Dealerships are not your first option. Quite to the contrary. If you have bad credit, you're better off either trying to work out something with a local lender that you know. If you don't know a local lender that can give you a personal favor, then your best option is to seek out special finance companies online.

There are options on the table for you. You can get an auto loan approval through websites that match people with bad credit to lenders that meet the criteria needed for an approval. These companies offer a quick turnaround time on loan applications and can have you in the driver's seat in no time.

Just remember however, when you get that approval, even though you may be approved for higher payments, try to stay conservative with what you borrow. After all, with today's economy, you never know what might be waiting for you around the corner.

How to Get a Car Loan With Credit Problems

Has a dealership told you that you can't get an auto loan for having bad credit problems? You're probably curious to find out, how to get a car loan with credit problems. This short read will give you all the details of how you can get approved...

If you want to find a good car loan, and you have credit issues, you're going to have to think outside the box a little bit. You just can't get a car loan easily if you go to a local dealership and it's just not your best option.

With past credit problems, you know that there are only a few lenders that will approve you. You just haven't found them, yet. It's a tough search for most people with major credit issues.

Fortunately, there is a solution for you...

There's a few special loan companies that do most of their business on the internet. They help approve people for car loans that have major credit problems, such as past due accounts, slow payments, repossessions, foreclosures and so on. The interest rates that they offer are reasonable and your monthly payments are based on what you can afford. You of course, have to have a job and a place of steady residence. Occasionally, these companies will ask for several personal references, things to verify income and proof of identity. (You have to be who you say you are.)

Getting approved online with special finance companies is much, much easier than getting approved through a local bank.

How to Get a Car Loan With Bad Credit and No Down Payment

Have you had a credit application for a car turned down by a car dealership or a local bank? You probably would like to know how to get a car loan with bad credit and no down payment. You just stumbled upon an article that will show you just how you can do it.

Getting a car loan without a down payment... if you have bad credit, typically isn't going to happen at a dealership. If you've had a lot of slow or past due payments, or other credit disasters, you're going to have to go elsewhere to get financed without a down payment.

It's just a fact - car dealerships are not the best place to get a car loan with bad credit.

You won't be able to get a no money down car deal at a dealer that has in-house financing. Those buy-here-pay-here places always want cash upfront to finance you. The interest charges are sky high and it's very inadvisable to use such a place for financing.

Your best option that is available, if you choose...

There are loan service companies online that can match your credit history with lenders that will meet your criteria. There are so many companies that work with people in your situation. These companies have to compete for loan business and it's common to find that even with major credit tragedies, so to speak, on your credit report, that you can in fact get a car loan with no money down. Even with bad credit.

How to Get a Car Loan With a Repo

Have you been recently turned down for an auto loan due to a repo showing on your credit history? You may be wondering, how to get a car loan with a repo on your credit report. I'll fill you in on how you can do just that.

If you have a repo on your credit report, you just can't rely on a car lot to give you the best financing options. Especially if you've had other late payments, collection accounts and an overall bad credit rating.

You have a few options available to you, if you want to get a car loan after a repo.

Buy Here Pay Here Dealers...

The first option, is one that you probably won't like. It is that you can go to a buy here pay here car lot, put down a couple thousand dollars on a used car and pay incredibly high interest rates. You'll end up paying the same payments for a 5 year old car, as someone with good credit will pay for a new car. Not a good option, is it?

Online Car Loans for Bad Credit...

The second option, and most favorable to most, is to use an online lending service that will work directly with you to help you get approved. These services are free and easy to use. You simply provide a little basic information about your situation and the service will match you up with lenders that help people with repo's on their credit report. Most people can get approved and with a decent interest rate, so long as they have regular job.

You can get an approval much easier by arranging your car loan online after a repossession than you can at a dealership.

How to Get a Car Loan After a Repossession

Do you have a repossession?

If so, you're probably finding yourself in a tough situation when it comes to getting traditional auto financing at a car dealership. If you're repossession just happened, you're in an even tougher situation as you have no ride.

This can be overcome and you may be surprised at how easily you can get a car loan, right now.

First, let me give you a couple tips...

See if you can work it out with the finance company to get your car back. You may be surprised to know that if you can make a couple payments, the loan company would rather you take the vehicle back than for them to have to sell it at auction. A payday loan may be a quick solution to getting the money you need to get your car back.

If you can't get it back...

Getting a loan for a car under these circumstances is tough if you rely on traditional car lending, like through a car dealership. You're much better off getting a quick approval through an online lender. This will enable you to get a car loan, regardless of your credit problems, without the need for a down payment. Afterall, if you had money for a down payment, you could have made your car payments, right?

So online financing is much easier than a typical bank loan. There are a couple car loan companies that specialize in helping people in your situation, get into a really nice car without your having to pay really high interest rates or have to come up with a down payment.

How to Get a Bad Car Credit Loan

Years ago, that credit used to be a really big deal. That was of course, before the days of four dollar per gallon gas. When the economy made a swift downturn in 2008, everything in America changed. Many things changed as far as the lending requirements for car loans, homes, credit cards and everything else. This is unfortunate for some, however very fortunate for others.

With more and more people having bad credit, lenders are having to now look at more than just credit scores and basic information. Prime lenders are seeing customers that once had beacon scores of over 700, now walking in with credit scores in the low 500s. The economy has affected us all and no socioeconomic class has been able to avoid its impact. For people that have bad credit before the economic downturn, what this means for you is that now there are even more lenders that are available to help you get approved for car loan. After all, the more lenders that are available, the more opportunities there are for you.

You may be pleasantly surprised to find lenders are able to approve you for a bad credit car loan without the need for a cash down payment. This is especially true, depending on the equity position that you are in with your trade-in. You can get approved for a bad credit car loan and your payments are based upon your monthly income. This is a tremendous help for many families in America that need car credit and have been turned down by local car dealerships.

If you want to know how to get approved for a bad credit car loan, with no down payment, the best way that you can do this is by using an online source that can match a lender or lenders, with you and your credit history, that can give you an instant approval and prequalify you so that you can go car shopping, anywhere that your heart desires.

Remember, your credit history will improve with time. Meanwhile, you can go ahead and get a reasonable car loan with reasonable interest rates, without having to go from dealership to dealership all over town, trying to get approved by the people that aren't the lenders, anyway.

How to Buy a Car With Bad Credit - Memorial Day Weekend Car Sales Events

Memorial Day weekend is one of the most popular times of the year to buy a car. With manufacturer incentives and dealer rebates being used to lure customers into the showrooms with massively advertised car sales, prices can be expected to drop significantly as dealerships focus on volume sales to clear out inventory. These types of sales events create quite a stir for both new car and used car sales.

It's an Exciting Time to Buy a Car...

With model year end closeouts bringing in many new car trade-ins, great used car deals can be found at many dealerships across the country. Don't get carried away with the excitement though and make sure you take your time to think through your purchase decision.

Having bad credit can present a problem as frequently, dealership financing can be a long and drawn out process of sending a buyers application to several finance companies for approval. This can prevent some people from being able to take advantage of Memorial Day sale prices and incentives.

Online Bad Credit Services to the Rescue...

With a few reputable services online being able to help with same day approvals for bad credit auto financing, the amount of time needed to get approved can be reduced significantly. By using online car loan services, applicants can fill out one application and be able to quickly secure their loan, without having to wait through the typical process of multiple applications at several dealerships.

If you have a low credit score, you may find that the quickest way to get approved to buy a car with bad credit this Memorial Day weekend and take advantage of special sale prices and incentives, to be through these types of services which offer same day approvals online. Immediate response to your application is normally provided, however make sure that you're using a service that will provide you with a fast response so the weekend does not pass you by.

How to Apply For a Car Loan After Bankruptcy

One of the most important things that people don't think to do when they are trying to figure out the best way of how to apply for car loan after bankruptcy, is that they never give a reason for why they had to file. When you don't provide a reason for why you had to go through bankruptcy, it leaves it to the lender to speculate. Whether or not the lender speculates something positive or something negative is not something that you can control. So it is definitely best to provide some type of short explanation.

Did you have a lot of medical bills? Then you should explain what happened. If you had a repossessions that was included in a bankruptcy, that is something that you should explain as well. Credit cards that get out of hand with late fees and over limit fees that put you in a position to where you simply cannot afford to pay your bills is a very common reason that people have to file. Being able to justify logically, why you had to go through bankruptcy can help you with getting a lower interest rate and an easier approval.

So how do you apply for a car loan after bankruptcy?

One of the easiest ways and the most overlooked opportunities for people that have had to go through what you have gone through, is to use a legitimate online lending service. If you need to apply for car loan and want to explore the possibilities that are available to you on the Internet, certainly be careful to avoid scams. There are legitimate opportunities for you and it can be much easier to get approved and to qualify than you may think.

How Hard is it to Get Approved For Bad Credit Car Financing

In the old days of bad credit car financing, you were limited to a few cars on the car lot that the dealer tells you that you can get approved for. Worse is when you had to use a buy here pay here lot because you couldn't get approved for anything through a regular dealership.

Those days are gone and there is GREAT news for you!

Now, even with horrible credit, you can fill out one application online and have multiple finance companies competing for your business. When they compete, they offer lower interest rates and especially lower payments, which is what you want anyway, right?

Having bad credit, you are probably discouraged and think that you'll be that one person that doesn't get approved and don't want to get your hopes up. I'm proud to tell you that 99% of people that apply for car loans online through special finance companies get approved. It may not be for a $40,000.00 automobile, but you can get approved for a good vehicle based on your income.

Interest rates are much lower with online finance companies that specialize in helping people that have credit problems. Payments are lower because of this and there usually is no need for a down payment.

When you have your own financing arranged before you go to a dealership to shop, you can focus on negotiating price with the dealer, rather than them controlling the situation by hanging "loan approval" over your head. It's a relaxing feeling to walk into a dealership and make an offer, rather than being told what you can and cannot buy.

Bad credit car financing isn't that hard. You just need to use a lender that specializes in helping people that are in your situation.

How Easy is it to Get Approved For Special Finance Online Car Loans With Bad Credit

Years ago, before the age of instant gratification on the internet, you had to sit in a loan officer's waiting area to hope that you could get approved for a car loan. Even worse was when you had to resort to car dealers that offered so-called in-house financing because you couldn't get anything else.

Welcome to the 21st century...

Even with disasters on your credit report, you can apply for a no money down car loan right here on the internet. Regardless of repossessions, foreclosures or other major credit disasters. Getting approved is so easy. With legitimate sites that offer special finance car loans, all you have to do is fill out one simple form and you'll have lenders competing for your car loan. Approval is virtually guaranteed and payments are based on your monthly income.

If you've got bad credit, you might be discouraged from thinking that you're good enough to get approved for an auto loan online. Let me tell you, it's easier than you're probably imagining. Thousands of people have done it and the only reason that more haven't, is that they simply didn't know that they could.

When you use an online lending source, your interest rates aren't marked up by the dealer, which results in savings for you. You can even get a no money down loan so long as the sale price of the car isn't that much above loan value. Don't worry about it. Most reputable special finance lenders will give you all the details and work with you.

How Do Bad Credit Car Dealerships Make Money on Auto Loan Rates

Many people are under the assumption that car dealers only make money on the sale price of a vehicle. If this were true, it would make buying a car much simpler and getting a better auto loan rate a lot easier. It's not the case however, and very few people that are outside of the car business or have never worked in that industry are aware of exactly how it works. The fact is that the sale price of the vehicle only amounts to a small part of the total picture.

When you go into a car dealership to buy a car, the sale price primarily covers the cost of the car, the cost of dealership overhead and the salespersons commission. That is called front end profit. Where the real money is made, is in what is called back end profit.

When a dealership takes your credit application and sends it to a few lenders, the lenders send a response that either approves or denies your application. If your application is denied there is generally a good clear answer as to why, which helps the dealer to know in the future what to look for prior to submitting applications to that particular company. If your application is approved, there is a few different factors that are involved. There is be amount allowed for financing, a percentage of that amount that the creditor will allow for an extended warranty, and the number of percentage points that the dealer can add to the loan. These percentage points, otherwise known as dealer add-on rate, are where a lot of hidden money is made in car dealerships. To elaborate on this, let's have a simple example.

Let's say that the creditor or loan company, approves your loan at an interest rate of 10%. That is a reasonable auto loan rate for someone that has had some bumps in the road on their credit report. If the approval comes back allowing the dealer a dealer add-on rate, of 3%, then the dealer can add 1%, 2% or 3% to your auto loan rate. The difference between paying 10% or 13% on your car loan, can make a substantial difference in the amount of your car payment. In many cases, this can add $100 or more to your monthly car payment. The additional amount that you pay each month because of the dealer add-on rate, is divided between the car dealership and the finance company.

So what happens if you trade your car before your car is paid off? Generally a dealership is only charged back if you trade your vehicle within the first year. That is why the dealership is not advanced the full amount of the extra profit that is made on the dealer add-on rate.

How can you avoid this? With the veil of secrecy being held closed so tight in car dealerships, regarding this issue, the public really has no way of even knowing what their true interest rate is when they are approved. The only way to avoid this is to seek financing outside of a car dealership and even then similar principles operate with bank loan officers. One of the best ways of avoiding this is comparing auto loan rate quotes from multiple companies, or using a service that uses the best rate for you.

How Can You Get a Car Loan With Bad Credit

If you want to get a car and you have bad credit, one of the first things that you need to do is to identify the loan companies that work with you. Most mainstream loan companies, are not in the business of working with people that have bad credit. Identifying and applying with companies that do, is the first step to getting approved.

Many car shoppers have credit problems end up in an endless cycle of trying to get a loan. Going to all the wrong places and filling out credit applications at dealerships the don't have the resources to be able to help you, can really slow you down and make you even wonder if it's possible for you to get financing.

The way out of all of this is to apply with the company or two that deals with low credit scores every day. I'm referring to online companies that make their entire business of helping people that are in your financial condition.

If you had a toothache, you wouldn't go to a transmission shop, right?

It only makes sense to go to the specialist that deals with the problem that you're facing. So if you have bad credit, the obvious solution is working with companies that specialize in your problem. There are companies that don't even care to get applications from people that have good credit...they just want to help people that have poor credit ratings. That's the business that they are in and if they don't get you approved, then they haven't done their job.

How Can You Buy a Car With Poor Credit

It's really pretty simple and just a matter of knowing what type of lender to use. Not all lenders are created equal and certainly all of them have different requirements that the require to be met in order to issue car credit.

Car loans are readily available for people that have poor credit through specialized lending companies. There are loan companies on the Internet that do a great job of getting people approved that otherwise would only have a shot in the dark at obtaining car credit.

These types of companies are in business for the sole purpose of providing auto financing for people that have poor credit.

If you have difficulty getting anything done at a local bank or local dealership, then these types of companies can be a big relief. Not only can they provide you with good terms and of fast response, they can have your loan arranged in a matter of hours. It only takes a few minutes to get a response for most of these places, and if you use a good source for your loan, you'll probably never try to get approved for a dealership again.

It's very simple and you will find that it is easier to get a lower interest rate and to qualify for more car, when you are able to deal directly with a lender and can avoid the pressures of the car salesman.

Right now, you need to overcome having poor credit and need to focus on arranging your financing, before you set out picking a vehicle. That's not to say that you won't be able to qualify for the vehicle that you have chosen already, but you'll be in a better frame of mind to make an educated decision.

How Can I Get a Car Loan With Bad Credit

If you are wondering how you can get a car loan with bad credit, then this short little article is going to outline a couple different choices that you have. It's not as complicated as you might think that it is, as it is simply a matter of using the right lenders.

Smiles to Frowns: Many people walk into a car dealership with a huge smile of excitement on their face, not knowing that within a few minutes they will be walking right back out the door with a frown. There is just no way to hide the disappointment when you get turned down for a car loan.

Desire: What this does, is takes you from wanting to pick out car that you like, that exact car that you want, and turns you around so that rather than looking for that perfect car, you are just looking to get approved. That's how it works. We want what we can't have and the more that we are told that we can't have it, the more that we want it.

When we are told no: Such is the case with getting approved for car. Each time a dealer tells us that our credit is in good enough, we want that approval even more. It's a trap that gets used against you by the salesman. He knows that he has your attention on a car and that if he makes you feel like you can get it, then when you do you will sign anything.

How To: The easiest way to get a car loan when you have a low credit report score is by applying online. That's the easiest way to get approved without having to go through the hassle of dealing with salesman, finance people and going dealership to dealership.

How Can I Get a Car Loan If I Have Bad Credit

Getting a car loan if you have a bad credit rating to be difficult if you don't know where to turn. Every lender is different. You have to know what type of lender that you need to apply with in order to secure financing. It's not as difficult as it may sound, though.

Most people think that it is really difficult. This is because they've been looking for car credit and all the wrong places. If you've been looking for your local dealership to get your car loan done, then you may have realized that sometimes they just do not have the power to do it. It's really up to the loan companies. The dealership doesn't actually approve you. It's the loan company that does.

Going around the dealership, and dealing with direct auto loan lenders that get people like you approved every day, is the real solution. By dealing directly with bad credit auto lenders, you are able to avoid the dealership interest rate mark-ups and get the real interest rate. Did you know that when a dealer marks up your interest rate, it can add a hundred dollars or more to your monthly car payment? Sad, but true. Getting a lower rate is one of the biggest advantages to dealing with lenders direct, aside from getting a quicker and easier approval.

You can also eliminate the need for an outrageous down payment. Most of the time, good companies online are able to provide you with a car loan with little to absolutely no money down.

How Can I Finance a Car With Bad Credit

Financing a car with a bad credit rating involves knowing a little bit about secondary auto financing. As one lender varies from another and what they will approve, you have to know where you should go in the best lenders that are suitable for your situation.

Sometimes people look for car finance at local dealerships when most of them don't really even specialize in people with bad credit applications. It's funny, because a lot of car dealers advertise that they can get anyone approved. They can usually help people that have marginal credit, but when it comes to serious credit problems, you need worked directly with a lender that knows what they're doing when it comes to secondary car finance. Secondary auto lending is a whole different ballgame than typical auto loans. Fortunately, there are some pretty good companies that know exactly what they're doing. Applying with these types of companies makes getting approved very easy.

Secondary auto financing works very differently from traditional auto lending. Rather than just your credit report and credit score being taken into account, other things become important factors.

The time that you've been employed, your total monthly income are your good credit. Having a bankruptcy on your credit report, or even a repossession isn't as serious of a deal with secondary auto lenders.

So if you've been refused car finance at a dealership, then you should give auto loans online a try. You may be shocked at how much you can qualify for and how quickly you're loan is available.