You need a bad credit car loan. Here's your options:

• Go from dealership to dealership hoping for the best, usually settling on whatever vehicle they push you into? 
• OR get pre-approved and walk onto the car lot empowered and ready to do business on the vehicle of YOUR choice?

Obviously getting pre-approved is the best way to go! Bad credit auto loans are available through some very good lenders. 

FACT:

If you need a bad credit auto loan then getting pre-approved can save you an average 2% - 5% AND thousands of dollars in payments!

Pre-Approved Car Loans Put You In the Drivers Seat!

Regardless of your credit score, being pre-approved for an auto loan gives you more options when you walk onto the car lot. Once you’re approved for a car loan you are in the drivers seat! You are free to shop for the BEST vehicle in your price range!

Before you start shopping for bad credit auto loans though. Here's some helpful advice.

Know Your Credit History

Rates and terms will vary depending on your credit scores. This can mean the difference between a new vehicle or a used one; a vehicle with a lot of equipment or one that’s a little scaled back. Before you assume you need to deal with a creditor who specializes in bad credit, check your credit score.

Click here for to get a FREE copy of your credit report and score.

Leave Room For Warranties and GAP

The average mechanic bill on a vehicle today can be over $400. And that’s for something simple like a window motor! Get that extended warranty, it's worth the little bit extra!

GAP insurance pays off the difference between what you owe on the vehicle and what the insurance company gives you if your car is totaled. This is a must have for any financed vehicle today!

Most bad credit auto loan lenders will give you "room" to put in these items. However, each lender is different so you'll want to ask if they are allowing for this kind of bump up before you start shopping.   

Take Your Time And Find The Vehicle YOU Want At A Reasonable Price

Just because you have bad credit doesn’t mean you should be forced to buy the worst vehicle on the lot!

If you’re shopping for a used vehicle ask them for a Car Fax report. If they won’t give you one then don’t buy the car. Always be an informed buyer!

For used vehicles the best way to know a good value is to ask for a Kelly Blue Book sheet. A good price should fall between wholesale and retail price. Don’t let the lender sell you a vehicle for more than it’s real value!

Know Your Trade-In Value

Most bad credit auto loan banks will give you an estimate on what you're vehicle is worth as a trade-in. Also you can check it out for yourself on kbb.com.

Kelly Blue Book fair trade value is a fair price. If you can get more from a local source then by all means, go that route. But if trade value ranges from $4,000 to $8,000 don’t ask for $8,000. Unless your car is a museum piece that’s never been driven it’s probably not worth the max amount.

So, if you're ready to get shopping talk with one of our bad credit car loan lenders right now and get yourself pre-approved for that car loan!

Good luck and good shopping!

Bad Credit Car Loans