If you are looking for auto loans for bad credit you have many options. With our extensive experience in the industry we can connect you with the perfect person within our large network lenders that want to work with you. We know the car dealerships that specifically work with those individuals that may have bad credit and bankruptcies. Here at AutoFinance.ca we help you find the financing you need to get you driving quickly!
You Can Find a Loan for Bad Credit
Getting an auto loan is actually one of the best things you can do to improve your credit rating. If you have very poor credit though, you might need to take a higher interest rate while you build back up a good payment history.
Since we need credit for everything in life, paying a little extra interest in the beginning is well worth it for the long term.
Mistakes with Bad Credit (What NOT to do)
1. Late Payments
When you pay late this will bring your credit score down, because creditors report these late payments to your bureau every time that they occur.
2. More Debt Then Income
If you owe more than you have coming in then it looks like you can’t handle your bills and won’t be able to pay new ones.
This can make lenders nervous because you have already had credit issues in the past, but it is possible to rebuild credit through secured cards and on time auto loan payments.
Financing a Car with Bad Credit
If you want to secure auto financing with bad credit we can help you find the funding that you need. It will feel good driving a new car while knowing you are improving your credit rating for the future.
Sometimes having someone as a co-applicant will get you a better interest rate. Also, having a little money to put down can help the approval process.
Now that you’re ready to upgrade your vehicle, complete the application online and you could be approved within 24hrs.
Auto financing is our business. And yes, even with bad credit. Start now and see what your options are for a new car. You’ll be glad you did.
Apply online today!