If you've been applying all over the Web, stop right now. Each denial will hurt your credit score. Work with a place such as AutoCreditCentral.com and increase your chances of success.
If you've been having trouble getting approved, read our page on minimum credit requirements for a bad credit auto loan. We can help most people, but we can't help everybody.
Once you see if you qualify, the question becomes why should you choose us? And the answers are:
• Dealers in our nationwide network are electronically linked to more than 400 lenders. This increases your chances of getting approved.
• Our online auto credit application can be completed in a minute.
• Your personal information is protected.
• Our service is free and puts you under no obligation to buy.
No. 1. Car dealers got wiped out in 08 and 09 doesn't look much better. That means they have to be willing to bargain. Hard.
No. 2. The average car loan is now, depending on which expert is talking, more than five years long (we've seen stories saying 62, 64 and 70 months). A long loan is just about a sure way to wind up upside down, so when in doubt, think less expensive car. Why get stuck with a car you can't afford to sell down the road?
No. 3. Cars are lasting longer than ever, and that means some really killer cars can still be in good shape even if they are three, five, even seven years old. We saw one survey where a 98 Lexus had fewer reported problems than an 05 Volkswagen. (Details)
No. 4. A Bad Credit car Loan will cost you more, but maybe not as much as you might think. On an $8,000, three-year loan, the difference between a nine percent loan and 18 percent loan is only $1.14 a day. That's a worst case scenario -- and it's still less than a daily cup of coffee!