Auter Financing Trends 2010

Business Man 1 Auto buyers with blemished credit may wonder how they can get approved to buy a car. The answer is sub prime auto financing and we are the specialists in getting car loans. When seeking a sub prime auto loan the question shouldn't be just, "How do I get approved?" The better question to ask is, "How do I get approved for the best sub prime auto financing available?"

That’s where we come in! Your car loan application is submitted and you’ll receive a call from the best local car dealership that wants to work with you to get you approved. You’ll be in a car driving within 48 hours from the time you complete the car loan application.

Prospective car buyers who have a credit score below 620, a history of late payments or a recent bankruptcy will all be candidates for sub prime auto financing. So if you're saying to yourself "I have no money and need a car" then you've certainly come to the right site. We can get you financed simply start the process to apply for your car loan today!

Being realistic about the car a buyer can afford also increases the chances of obtaining a prim or sub prime auto loan. This purchase is the first step in repairing less than stellar credit and it may require buying the best car for the buyer's budget not the purchaser's dream car.

The largest possible down payment will further help the buyer to find sub prime financing. A down payment may also lower the interest rate of your car loan. A lower interest rate generally translates into a lower monthly payment as well. This is especially for those getting a prime car loans.

Good Credit.

Consumers with good credit will have demonstrated a "paid as agreed" credit history for at least three years. "Unapplied for" negative items on the credit report such as medical bills, and civil judgments from non-creditors are often overlooked.

Good Credit Consumers have had "paid as agreed" installment credit such as a mortgage or an auto loan within the last three years. Major derogatory items such as a repossession or bankruptcy should have happened over three years ago.

Apply for a Good Credit Auto Loan

Fair Credit.

Consumers with fair credit history will have demonstrated a "paid as agreed" credit history for at least two years. They may have an occasional late payment on their credit report.

Consumers without a "paid as agreed" installment credit such as a mortgage or an auto loan within the last two years should have substantial good revolving credit. Major negative items such as repossession and bankruptcy happened over eighteen months ago.

Apply for a Fair Credit Auto Loan

Situational Bad Credit or Slow Pay.

Consumers with a situational credit problem. You can usually identify a large economic disaster or event that caused the credit situation. Here are some examples:

  • A Divorce.
  • Illness or injury.
  • Loss of employment.
  • Bankruptcy due to medical problems, credit card debt, or loss of income.

Apply for a Situational Bad Credit Auto Loan

Bad Credit or No Credit

Consumers with little or no applied for credit. May have numerous unapplied for charge-off accounts such as bad checks, unpaid medical bills and utility bills, small unpaid charge accounts, and unresolved repossessions over two years old. Once again I want to stress that if you're saying "I need a car but have no money" or even "I have no credit and need a car" then you're not alone and we can help.

Apply for a Bad Credit Auto Loan

Really Bad Credit.

Consumers with credit issues that can’t be isolated to a single event. It could be a long term history of bad credit. Here are some examples:

  • Multiple bankruptcies.
  • Multiple repossessions outside of bankruptcy at different times.
  • Significant bad credit after a bankruptcy.
  • Currently delinquent on all existing obligations.
  • Repossessions less than one year old.
  • History of writing bad checks over a long period of time

Apply for a Situational Bad Credit Auto Loan