Are you looking for easy auto financing? If you have bad credit, he probably found it difficult to get approved with most lenders. The fact is, it really is difficult to get approved with most traditional lenders. Auto financing is easy if you use direct auto lenders online.
It's convenient, easy and simple but, there is a catch.
In order to be able to get approved have to meet some basic requirements as set forth by the lenders. These are basic, and those people are able to meet them. But you should be aware of these basic requirements.
First, you cannot have a very, very low income. If you do not make $1700 per month, it's going to be really tough. That's the minimum income requirement for the best financing options, and your payment is based upon your monthly income. The more the make above that, the more the ability qualify for.
Secondly, if you have had a bankruptcy it is to be discharged. The only exception is a chapter 13 bankruptcy in which case you have to have authorization from the courts to incur debt. Any other bankruptcy, such as chapter 7 or chapter 11, the media creditors needs to be completed and you need add documentation showing that your bankruptcy is discharged. If it shows is discharged on your credit report, that is normally sufficient documentation.
Third, although a large down payment is rarely needed with online lenders, there is an occasion were small down payment is required. Normally this is more of a factor determined by the price of the vehicle that you're buying in relation to its loan value. So starting out, you don't have to worry about a down payment if you simply want to see what you can get approved for.
Finally, you need to be over 18 years old and a bona fide US citizen.
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