Comments on: Auto Loans for People With Bad Credit http://www.badcreditloancenter.com/auto-loans-for-bad-credit/ Bad credit loan center provides resources for those who do not have good credit. Mon, 15 Mar 2010 18:14:05 +0000 hourly 1 By: Anonymous http://www.badcreditloancenter.com/auto-loans-for-bad-credit/comment-page-1/#comment-1221 Anonymous Thu, 09 Jul 2009 06:40:31 +0000 http://www.badcreditloancenter.com/?p=261#comment-1221 I think getting a car loan directly from car manufacturer would be cheaper than getting it from bank.Yeah if you are looking for small installments for long duration then bank would be the only solution. I have never thought of getter higher loan amount to bear additional expenses along with loan amount it's a good idea. I think getting a car loan directly from car manufacturer would be cheaper than getting it from bank.Yeah if you are looking for small installments for long duration then bank would be the only solution. I have never thought of getter higher loan amount to bear additional expenses along with loan amount it’s a good idea.

]]> By: admin http://www.badcreditloancenter.com/auto-loans-for-bad-credit/comment-page-1/#comment-803 admin Mon, 08 Jun 2009 03:03:29 +0000 http://www.badcreditloancenter.com/?p=261#comment-803 Hello Wendy, Your best bet would be to have someone cosign for you if that is possible. There are many great low APR deals on new vehicle auto loans. Honda, Jeep, Acura, Mercedes and several others are offering 0% to 2.9% financing deals. This is the time to use the bad economy in your favor. If you are not able find a cosigner you can get an auto loan for bad credit but you are going to pay a lot in interest. The higher interest rate the more you will end up paying in the long run. Your goal should be to get the interest rate as low as possible. When you negotiate the price of a vehicle never negotiate by the monthly payment. When you do this the dealer will work the monthly price down to meet your budget then jack up the interest and the length of the loan. As I mentioned you can get an auto loan if you have bad credit with no money down but expect to pay over 10% interest at best. If you do go with a bad credit auto loan make sure you put as much money down as possible on the vehicle. I wouldn't go for car of your dreams either. Just get a budget car that will get you around and when your credit improves you can upgrade. Visit all the local banks in your area to see what kind of APR they can offer you. Also check the credit unions to see if they are accepting new clients which many of them are right now. Usually you can get a loan cheaper from a credit union verse a bank. Once you find the best auto loan ask them ( the banker ) to give you a copy of their offer. Then when you find a vehicle you like take the bank loan quote to the dealer and see if they can beat that offer which many times they will. Car dealers usually have 10 to 20 different banks they deal with so one of them should be willing to beat your bank loan offer. Good Luck, Daniel Hello Wendy,

Your best bet would be to have someone cosign for you if that is possible. There are many great low APR deals on new vehicle auto loans. Honda, Jeep, Acura, Mercedes and several others are offering 0% to 2.9% financing deals. This is the time to use the bad economy in your favor.

If you are not able find a cosigner you can get an auto loan for bad credit but you are going to pay a lot in interest. The higher interest rate the more you will end up paying in the long run.

Your goal should be to get the interest rate as low as possible. When you negotiate the price of a vehicle never negotiate by the monthly payment. When you do this the dealer will work the monthly price down to meet your budget then jack up the interest and the length of the loan.

As I mentioned you can get an auto loan if you have bad credit with no money down but expect to pay over 10% interest at best. If you do go with a bad credit auto loan make sure you put as much money down as possible on the vehicle. I wouldn’t go for car of your dreams either. Just get a budget car that will get you around and when your credit improves you can upgrade.

Visit all the local banks in your area to see what kind of APR they can offer you. Also check the credit unions to see if they are accepting new clients which many of them are right now. Usually you can get a loan cheaper from a credit union verse a bank.

Once you find the best auto loan ask them ( the banker ) to give you a copy of their offer. Then when you find a vehicle you like take the bank loan quote to the dealer and see if they can beat that offer which many times they will. Car dealers usually have 10 to 20 different banks they deal with so one of them should be willing to beat your bank loan offer.

Good Luck,
Daniel

]]> By: Wendy Burn http://www.badcreditloancenter.com/auto-loans-for-bad-credit/comment-page-1/#comment-800 Wendy Burn Sun, 07 Jun 2009 16:39:14 +0000 http://www.badcreditloancenter.com/?p=261#comment-800 I am in search of an auto loan with little money down. My credit is not too good due to numerous factors including a recent divorce. Any advice or assistance that could be provided would be appreciated. Thank you I am in search of an auto loan with little money down. My credit is not too good due to numerous factors including a recent divorce. Any advice or assistance that could be provided would be appreciated.

Thank you

]]> By: admin http://www.badcreditloancenter.com/auto-loans-for-bad-credit/comment-page-1/#comment-795 admin Wed, 03 Jun 2009 21:17:06 +0000 http://www.badcreditloancenter.com/?p=261#comment-795 I can understand why they can't get a used car auto loan. It's because they have a big negative mark on their credit report and a lower credit score I'm sure due to the foreclosure. Although if they have a combined income of 200k a year they should be able to find some finance agency that is willing to work with them. I can understand why they can’t get a used car auto loan. It’s because they have a big negative mark on their credit report and a lower credit score I’m sure due to the foreclosure.

Although if they have a combined income of 200k a year they should be able to find some finance agency that is willing to work with them.

]]> By: Anonymous http://www.badcreditloancenter.com/auto-loans-for-bad-credit/comment-page-1/#comment-794 Anonymous Wed, 03 Jun 2009 20:26:08 +0000 http://www.badcreditloancenter.com/?p=261#comment-794 You should contact these used car dealers down here in Florida. They can't get anyone financed. I spoke with a woman yesterday, she makes 120k a year and her husband makes 80k a year and, because of a foreclosure, they can't even get him a used car. You should contact these used car dealers down here in Florida. They can’t get anyone financed. I spoke with a woman yesterday, she makes 120k a year and her husband makes 80k a year and, because of a foreclosure, they can’t even get him a used car.

]]> By: Salma01 http://www.badcreditloancenter.com/auto-loans-for-bad-credit/comment-page-1/#comment-782 Salma01 Wed, 03 Jun 2009 07:09:58 +0000 http://www.badcreditloancenter.com/?p=261#comment-782 Hi, We have just added your latest post "Auto Loans for Bad Credit" to our website. We are delighted to invite you to submit all your future posts to our directory for getting a huge base of visitors to your website and gaining a valuable backlink to your site. Hi,

We have just added your latest post “Auto Loans for Bad Credit” to our website. We are delighted to invite you to submit all your future posts to our directory for getting a huge base of visitors to your website and gaining a valuable backlink to your site.

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