How to get an auto loan with auto credit with Auto Credit Express
When you have bad credit, there are usually no shortcuts or quick fixes to getting the credit score you need to start doing the things you need to do, like financing a car. Just because you have poor credit doesn’t mean you’re out of luck. You Can Qualify For A Bad Credit Auto Loan If You Know Where To Look!
Start Your Bad Credit Auto Loan Here
first of all, Express auto loan is not a lender. This does not mean that we have nothing to offer you! We have been a leader in the subprime car market for over 20 years and have the experience of proving that we know how sign in to subprime loan options.
Not all lenders can work with people whose credit is less than perfect, so we do our best to find the one who can fund you. When you team up with us, you improve your chances of finding a lender – without having to apply for loan after loan just to be turned down by traditional lenders.
There are other auto financing options besides traditional auto loans, and we can lead the way.
How can we help?
When you complete our auto loan application form, your information is sent to a dealer in your area, with the loan resources available to fund people who find themselves in unique credit situations such as bad credit, no credit, or even bankruptcy or repossession. possession.
Our system connects you with a dealer in your area from our coast-to-coast network of Special Finance dealers. These dealerships are registered with subprime lenders who know you are more than a credit score and take into account other factors besides your credit.
By being matched with the right kind of lender the first time around, you save time and money that you may have wasted driving around town looking for a dealership with special financing options. It could also prevent several hard credit drawings from spreading over weeks while you do a research, which can lower your credit score even further.
What’s the catch?
There is no catch, but bad credit auto loans are not for the faint hearted. When deciding to take out an auto loan with poor credit, you need to be prepared to meet a few requirements, expect an above average interest rate, and be prepared with a down payment.
Once you are matched with a dealership, you can expect a phone call from a representative who can tell you exactly what to expect. These representatives can also verify the information you used on your application form and prepare you for a visit to the dealership.
With a bad credit rating, you will probably need a few things to prove to the lender that you are ready for vehicle financing. They are usually looking for people who show stability, ability and willingness to complete the loan. Think of these requirements not as extra steps between you and the car loan you need, but as a bridge to the credit repair you are looking for!
Be ready for your visit to the dealership
Getting a car loan deal can take a bit of time, especially if you’re not ready the first time you visit the dealership. No one wants to have to come back with more paperwork just to wait even longer for approval. This is one of the reasons why it is worth being prepared.
While each dealer and lender is unique and has their own set of loan requirements, most subprime lenders have these typical requirements:
- Proof of income
- Proof of address
- Proof of a working phone
- Valid driver’s license
- Advance payment
- List of personal references
Meeting these stipulations is a big step in getting approved for a car loan with bad credit, but they are not the only factors a lender takes into account. They also verify that you have sufficient income to pay your existing bills, pay for a vehicle, and have fully covered auto insurance. They do this by checking your debt to income and payment to income ratios. Learn more about these ratios and budgeting for your next car loan here.
Get Approved For A Car Loan With Bad Credit
If you are approved, the subprime lender notifies the dealer of your maximum monthly payment. You search and then choose a vehicle from the inventory of the dealership for which you are eligible!
If a car loan with bad credit is right for you, let Express auto loan help! Start by filling out our quick, free and non-binding form auto loan application form. We will work to match you with a local dealership who has the appropriate loan resources. Don’t hesitate, get started now!