How to Buy a Car, Work Truck, Van or a Cargo van with Bad Credit

Posted Monday, Jul 15, 2019

bad credit

Having poor credit won't always stop you from getting an auto loan, but it does change the process of buying a car. One of the most difficult steps to getting a subprime auto loan is finding a dealership that's willing to work with you. Many lenders and dealers aren't very flexible when it comes to helping people buy a Vehicle with bad credit.

Traditionally, lenders use your credit score to qualify you for an auto loan, and their processes may call for an automatic turn down if it's low. However, certain bad credit auto lenders are willing to work through challenging situations because they base approvals on your income, employment, and other factors in addition to your credit.

Because of the smaller number of lenders that offer subprime Auto loans, the process of buying a car with bad credit is different. Instead of finding the car you want, you'll want to get approved for financing with a bad credit auto lender first before worrying about your vehicle choice.

cash or finance meeting
cash or finance auto key

The tricky part of buying a car with bad credit is that you can't directly apply with most subprime lenders. Instead, they're indirect lenders that only work through certain dealerships with special finance departments. These bad credit car dealerships often are your best chance to get approved, At Cash or Finance Auto we have been in business for over 20 years and we built an amazing relationship with a lot of Banks and finance companies that are willing to work with Bad credit.