Bad Credit Auto Financing – What Do You Need to Get in Your Own Car?
December 6th, 2010 | 
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Do you really want to get a car but have bad credit? Do you need to get a better car but you had a recent bankruptcy and worry that no one will offer you credit? There are many companies and car dealerships that cater to those with bad credit and this article tells you what to look for and what you need to qualify.
Bad Credit Auto Financing
1. Is your credit score lower than 680? In today’s lending world this puts you below the desired credit rating to get a loan from a traditional lender such as your bank. This means you will need to go to either a car dealership or online for financing.
It is a good idea to get your free credit report online. This gives you a chance to see if there is anything that you can remove such as an old lien or any mistakes (potentially embarrassing things to discover at the car dealership)
2. Do you have a job? This will help you get financed. By having proof of employment and proof of your ability to get car insurance you have an increased opportunity to get auto financing.
3. It is a good idea to shop for financing before going shopping for a car, this gives you an idea of what you will be eligible to buy so secure financing first. For this reason I recommend shopping online for bad credit auto financing instead of going to a car dealer to get financing. By having the loan when you walk into a dealership you have more control over the deal and the car salesman will be happy to work within your price range and this may also help you avoid the need for a down payment.
Posted in Auto Financing | 
Tags: Bad Credit Auto Financing, Car Dealer, Car Dealership, Credit Auto, Credit Score, Free Credit Report, Own Car, Proof Of Employment