Locating someone other than a tote the note dealer that offers horrible credit auto loans to people with bad credit
If you’re a credit-challenged consumer there’s a good chance you’ll have a problem finding a dealer that can offer you a problem credit auto loan.
We understand because we’ve been involved in bad credit car sales since 1992 here at Auto Credit Express. Our web site is even designed so that bad credit applicants can learn about issues such as down payments and cosigners as well as today’s topic, finding a dealer that’s close enough that works with lenders that offer no credit auto loans.
Locating a dealer
While many dealerships advertise bad credit auto loans, many of them usually turn out to be tote the note dealers – places that don’t report loans or payments to the credit bureaus. Taking out this type of loan means you’ll have transportation, but your credit report won’t show a car loan and you’ll be in basically the same credit situation the next time you need a car.
Another reason to avoid these buy here pay here dealers is that most are small used car lots not affiliated with a new car franchise. This means the vehicles they sell typically consist of older, high-mileage cars that are often unreliable and, if they have one, a warranty that’s usually very limited and covers just a short period of time.
It’s also true that many new car dealers don’t want the hassle of dealing with customers with bad credit.
This is because unlike regular new car financing, offering bad credit car loans requires special training for dealership employees. Dealers also have to stock the right kinds of cars. As a result, many new car dealers don’t have the experience or the patience to maintain a special finance department and the the right kind of vehicle inventory.
The internet has not only changed the way shoppers with good credit buy cars, but the way those with bad credit can locate a dealer that can help them get financed.
Websites such as ours can match the needs of customers with dealers that work with a broad range of lenders from traditional ones to those that offer bad credit car loans.
For customers with poor credit, these franchised new car dealers offer a number of advantages over buy and pay here dealers:
1. You’ll choose a car from much larger vehicle inventories.
2. Because of stricter lender requirements, these vehicles are either new or newer used cars with lower miles.
3. Most of these vehicles are eligible for an extended warranty covering most of the loan term, helping you avoid potentially high repair bills.
4. By reporting to the credit bureaus, timely payments help you establish your car credit while helping raise your credit scores.
Check with us
At Auto Credit Express we’ve help people with bad auto credit find a dealer for their best chance at getting approved for a bad credit car.
So if you’re serious about getting your car credit back on track, you can begin now by filling out our online car loans bad credit application.