We know how hard it can be to get an auto loan if you have bad credit. We know that there are many factors that affect your finances like your job, family history, health problems, and education. Luckily our team of lending experts is here to help!
Learn more about how we help you find the best auto loans online and get your back on the road!
Find Auto credit specializes in finding auto financing for individuals with low credit scores. Many people assume a low credit score or bad credit history will keep them from being able to finance a new or used car but you may be surprised.
We can help you:
- Find auto lenders in your city
- Calculate monthly payments and down payments on your next car
- Find the best new, used and leased cars on the market
- Review your credit score at the three major agencies
There are many different options for financing and you may qualify for a loan even if you have no credit or a repossession on your record.
Many dealerships and lenders will not offer competitive loans if you have a poor credit score. Our team found lenders in your area looking to work with people, no matter their credit score!
How to get a loan with bad credit
Many people with bad credit scores assume that they will have to either pay cash or make a large down payment for their next car but there are some tricks to getting affordable car loans.
It is not uncommon to see interest rates on auto loans be as high as 20% in 2017! If you want to find the best rates try:
- Looking for financing at a local credit union
- Consider private party auto loans
- Start working to raise your credit score
- Try online peer to peer lending platforms
- Get a cosigner
Can I finance a car if I have a bankruptcy?
Filing for bankruptcy is never fun and trying to make your first major purchase after filing can be scary. Luckily, there are lenders looking to work with people like you!
One of the most common questions is โhow long after bankruptcy can I buy a car?โ
Most people file for Chapter 7 Bankruptcy in which creditors are given the proceeds from the sale of debtors’ non-exempt assets. The entire process takes about 4 months and the bankruptcy stays on the debtor’s credit report for up to ten years.
If you are on the hunt for a new vehicle with a bankruptcy on your record make sure to:
- Review your credit score for any errors
- Compare lenders and use a monthly payment calculator to figure out your monthly payments
- Try to get preapproved for financing before shopping
Can I finance a car if I had a repossession?
Had a vehicle repossessed in the past few years? While you might not get the best loan lenders are still looking to work with people with less than perfect credit!