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No Gimmicks … No Tricks … No Games.
Just straight information to help you by a car when you have no or bad credit.

Car Loans for Bad Credit

Do you need a car and your credit is just a little less than perfect … or maybe you have no credit at all?

Not all car loans for bad credit are created equal. Like anything you need to do your due deligence and make sure you are in the car that is going to meet your needs, but one that is working at re-establishing your credit.

Bad Credit No Credit Auto Loans

When it comes to people who need to buy a car and but they know they have bad or no credit, it’s the burning question.
 
How do I get a car loan when I have bad or no  credit?
 
First of all the “how” isn’t quite as daunting as it may seem, there are many dealerships and outside companies who are willing to help you. The part that people give little thought to is asking the question “what …” as in:
 
What am I getting into? (with respect to the loan process)
What are my payments?
What are my interest rates?
What are my expectations as far as a car that will fit my needs?
 
Ok … let’s handle each one of these and by the time you’re finished reading this post, not only is the “how” going to be the breeze, but, you will be that much more knowledge about the “whats.” My whole goal here is to help you avoid a lot of heart ache and the expensive pitfalls that others are trapped into … so what do you say we get started!  [Read Further] …

You don't necessarily need a down payment for your car loan when you have bad credit.

One question that comes up on a regular basis is “Can I get a car loan with bad credit and no down payment?”

The answer to that question is typically, Yes! It boils down to the lender and what they require in terms of granting you a car loan, however, based on my experience it is rare that a down payment is asked for.

Do keep in mind however, that when you go to a dealership to get a car loan with bad credit, you will need a deposit. The deposit is anywhere between $500 – $1000 (depends on the policy at the dealership you go to) and it is returned to you when you come in and pick up your car.  The deposit is required by anyone regardless of their credit.

photo credit: MSVG

Do you need a car and your credit is just a little less than perfect … or maybe you have no credit at all.

Customers who come into our office, who need car credit, ask this question all the time …

“Is it actually possible to get an auto loan when you have bad credit, are in bankruptcy or just discharged, are new to the country or have no credit at all? If you can then where’s the catch?” (more…)