Are you looking for a new vehicle, but you have no luck getting a car loan? It can be frustrating and can make it seem like there is nowhere to go when you are fundraising for bad credit. But the truth is, there are car dealerships that work with bad credit. all over the country – you just need to know where to look.
How to Find Bad Credit Car Dealers
In order to find a bad credit car dealership, First you need to understand that not all dealerships have lenders who can work with low or no credit situations. Lenders who can be called subprime lenders and they work exclusively with special finance dealers.
Most dealerships don’t advertise their special financial services, so it’s helpful to know which dealerships offer this service. Otherwise, you’ll have to go from dealership to dealership, and your credit will suffer as all the different people seriously inquire about your credit.
Here has Auto Express Credit, we work with a nationwide network of specialty finance brokers, so using a service like ours can take stress and frustration out of the car buying equation. We can direct you to a local car dealership that accepts bad credit and has lenders available to finance your next vehicle.
Before you start
Before you start buying a vehicle, you should review your credit reports and check your credit score to find out where you stand. It helps if you are looking at your FICO credit score, as this is the one most lenders use when someone applies for a loan.
Don’t worry about your score going down when you do this, looking at your credit score yourself doesn’t hurt it, and there are many resources available online where you can review it for free. Your credit reports are also available for free by visiting www.annualcreditreport.com. You have the right to get a credit report every 12 months from each of the three national credit bureaus – TransUnion, Equifax, and Experian.
It is also a good idea to prepare for the qualifications you will need to meet for a subprime lender. Although the details vary, most lenders require a standard set of basics. These include: proof of at least $ 1,500 to $ 2,000 of pre-tax monthly income from a single source with your most recent computer-generated check stub, proof of residency with a utility bill in your name at the address indicated on the application, proof of a landline or mobile phone contracted in your name, a list of approximately six personal references and a deposit of $ 1,000 or 10% of the sale price of a vehicle, whichever is less.
Log into a local bad credit car dealership
So, now that you know where to find car dealerships that accept bad credit, take the next step in getting a car loan. You can also get the vehicle you need and help improve your credit. It’s simple to complete our free and easy form auto loan application form. As always, there is never a purchase obligation, so what are you waiting for? Get on the path to a local dealer and better credit with Auto Express Credit today!