It used to be, that having bad credit was a major obstacle to getting a car loan. On car lots, it can be a real challenge to get a reasonable interest rate and payments if you've got poor credit. The good news is that there are lenders now that are willing to help.
It's really something that can't be described. Getting excited about that new car only to be turned down for car credit is like being picked up into a cloud and slammed down on the ground with the news that you can't get approved. Once you've had that new car smell in your head, looking at the older models just doesn't do it for you.
Relax.
You can get approved for a new or used bad credit car loan online... easier than you can get approved through a car lot. There are lenders now that want to hear from you. It is so much easier to get approved for a car on the internet than it is to get approved through a car lot.
Did you know that finance managers on car lots actually get paid a commission if they can get you to pay a higher interest rate? It's true. They get a kickback from the lender for how many "deals" they send in and also a commission check from the car lot for your paying more in finance charges.
You can avoid all of this and get a lower interest rate, lower payments and avoid having to have a down payment by arranging your own bad credit car loan, online.
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