Bad Credit Auto Loans

Bad credit? Need a car? You’re not alone.
Do you have bad credit? Need a car? If that’s the challenge you’re facing don’t be discouraged, it’s a common one, but many people are discovering ways to get into vehicles with loans that fit their circumstances. It helps to be informed before starting the purchase process. recommends car buyers with dented credit should first get a copy of their credit report. You can get a free copy from This will provide a better idea of where your credit score stands, and you can also check for errors. FICO scores range from 300 to 850 and categorizes… Read More

How To Get A Car Loan With Bad Credit: 5 Myths Revealed!
You’d like to buy a car but you’ve got bad credit, and we all know what that means; it means that there’s no way you will ever get a car loan. And even if you do qualify, you’ll have to pay astronomical rates. Right?   Wrong.   The truth is that people with bad credit can get car loans, without paying exorbitant fees. You just have to know how to go about it. If a less-than-stellar credit rating has put your dream of car ownership on hold, take hope. And don’t be taken in by these five myths about buying… Read More

Costs of car ownership worry millennial generation
The common wisdom that Gen Y consumers – those born between 1977 and 1994 – no longer are interested in automobiles doesn’t seem to hold water, suggests Deloitte’s study. They’re just practical about the costs of car ownership and other factors involved in owning vehicles. “Among Gen Y consumers who do not currently own or lease a vehicle, cost seems to be the main barrier – with most (80 percent) saying it is because they cannot afford it and three quarters citing high operational and maintenance costs,” reported Used Car News. “Affordability is the mantra for Gen Y consumers who… Read More

Bankruptcy doesn’t have to prevent shoppers from getting a car loan
Bankruptcy may seem like the end of the world if you need to purchase a new or used car, but it doesn’t have to be. While lenders are more reluctant, generally, to extend financing to someone with a bankruptcy on his or her credit report, it isn’t always the case, especially if you find a financing company that has a lot of experience working with people with less-than-perfect credit, including bankruptcy. “If you have recently gone through a bankruptcy and are now finding it difficult to obtain financing for an auto loan, don’t despair,” says RoadLoans, an online lender with… Read More

The new car myth and the truth about used cars
How many new cars are on our streets and highways at any one time? Give up? It’s a trick question. The answer is: virtually zero. Almost 100 percent are used cars considering that even the newest among them lost several thousand dollars in value as soon as they were driven off the dealership’s lot. Oh sure, we talk a good game (and countless words are written) about new cars. But even if you don’t take the description “new” literally and count any vehicle up to a year old as new, the vast majority of cars, trucks, crossovers, SUVs, etc., still… Read More

Bad-credit auto loan borrowing for used cars in full swing
Bad-credit auto loans are part of the reason for recovery of car, truck and SUV sales through last year and into 2014. That includes used-vehicle sales, which make up a large portion of the market. “The ability of subprime customers to obtain vehicle financing helped the used-vehicle industry finish [2013] on the upswing as December capped an overall great year for the pre-owned market and pushed the full-year sales total above 40 million units,” reported SubPrime Auto Finance News. Used-car sales closed 2013 at just under 42 million units, CNW Research reported. An improving… Read More

How to get a bad credit car loan
It’s a challenge, but not impossible, to buy a vehicle despite bad credit – and plenty of assistance is available to help us do it. “Some estimates show that 25 percent of American adults are saddled with bad credit,” says the website “Yet, thousands of these individuals manage to get car loans every day.” “Generally, if your credit score falls below 620, you’re considered to be a sub-prime borrower, which means you won’t qualify for the most attractive car loan offers,” says, a privately owned organization that reports government-related information. The first thing we need to do when struggling… Read More

Bad credit car loans put new, used vehicles within reach
Bad credit can get in the way of car shopping. Sure, it’s easier to get to get a car loan if you have good credit, but not everyone has good credit. “Some estimates show that 25 percent of American adults are saddled with bad credit,” according to the website “Yet, thousands of these individuals manage to get car loans every day.” Those are the shoppers for whom RoadLoans is the answer. Having a less-than-perfect credit record, while a hurdle when you seek financing, should not prevent you from getting a car loan to purchase the new or used vehicle you want.… Read More

Getting past bad credit on your auto loan application
Your auto loan application often determines whether you drive home with a new car. The ideal auto loan candidate frequently has a large down payment and good credit score, and can anticipate approval for a favorable, low-interest bad credit refinance auto loan. However, not everyone's loan application is that impressive. What if you need car financing for bad credit? What if you have worked hard, but still have bad credit preventing you from getting a low-interest auto loan? What if that one rough year during college is damaging your credit score? What if you have bad credit because someone stole… Read More

Car Loans After Bankruptcy
Nobody wants to file for bankruptcy. But life happens. A recession here, an economic downturn there and before you know it, you’re filing chapter 13. Yet, there is life after bankruptcy. Car loans after bankruptcy may present a few challenges, but they are not impossible. The first stipulation is being aware of the status of your case. Your bankruptcy case doesn’t necessarily need to be over to get financing, but the courts must have issued an order of discharge. Why? The discharge allows your dischargeable debts to be zeroed out on a credit report. Now that debt has been discharged, you… Read More