Okay, you are one of the many with a past event in your life that has unfavorably impacted your credit.  As we can all see, the current economy is impacting almost 20% of individuals in our country that are unemployed or underemployed.  It is no surprise that many looking to purchase a new or used car have had a credit problem in the past.  In addition to recent economic recessions, companies have been downsizing and cutting employees.  Outside of employment events, credit can be impacted from uninsured medical expenses, divorce, and other life changing events. 

Bad credit is not always a “no problem” situation as some might advertise.  And the easy money days are long gone.  To have a chance at getting a car loan with bad credit, you will need to have something positive. Also, whatever the issue that impacted your credit should be behind you.  Key elements we will look at if you have bad credit are the amount of your down payment (the more the better), your job, income stability, and the price you are agreeing to for the car compared to the loan balance, or LTV.

If we can approve you, we will.  Online car financing benefits bad credit customers tremendously.  Think about it–  You can get your car loan taken care of and approach the dealer (any dealer) as a cash buyer. It is an entirely different experience for you than approaching the dealer wondering if you will even get approved.  You do not need to fill out an application at the dealership and you do not need to work with the ‘special finance department’ that handles bad credit.  CarFinance.com can help you get into a loan that you can succeed in. 

If we can’t approve you, we will refer your application to a dealer that may be able to help.