It is so much easier than you are probably thinking and I wish that there was a way that I could just reach through that screen and show you exactly how easy it is. Getting a car loan when you have bad credit is so simple if you simply know where to go to get your loan. People over complicate things and worst of all, are the car dealerships that tell people so many things that are simply not true about auto financing.
Car loans are secured loans.
It is so much easier to get a car loan when you have bad credit than it is to get a credit card or an unsecured line. Dealerships will not tell you to run home and get on your computer to get your financing because they want you to think that they are the best place to get financing.
With car dealerships having to sell cars at invoice because people can get on the Internet and find out what they pay for the cars, they have turned to making money on financing. They get a kickback based on the interest rate that you have to pay at the dealership.
The last thing that they want is for you to know and for the general public to know that you can get online and get approved for a car loan with bad credit easier than you can at a car dealership. In today's economy, bad credit car lenders are competing for your loan business.
No comments:
Post a Comment