Buy Here Pay Here Bad Credit Auto Loans "For People With Challenged Credit."
The lenders and the auto dealers (usually one-in-the-same) in most cases are happy to give you a loan;
Usually at a “low-low interest rate” to boot, when you purchase from their existing inventory of used cars, trucks or vans.
TO Qualify for an Auto Loan to Purchase
If you are purchasing a vehicle you qualify if you have the means to repay the lender.
Normally a small down payment and a job is what it takes to qualify.
If you default on the payments then the lender can take the vehicle back and resell it.
If you are looking to purchase a vehicle and have challenged credit here is a recommended source for you to get 2 or 3 lenders to negotiate with.
Actually in most case the auto dealer is the lender, so negotiate a low interest rate after-all they make money on the car, truck or van your buying!
Be diligent in picking out a good quality vehicle at a low rate of interest. Use the Kelly Blue Book to determine the value.
Good luck and remember you are in the driver’s seat because you can shop and compare.
3271 Five Points Drive, Suite 200 Auburn Hills, Michigan 48326
Making The Right Decisions
Which Loan Is Right For You?
Be responsible, borrow based upon your ability to repay.
Review all the terms carefully before accepting a loan offer. Each lender has their own guidelines and policies for granting loans; they also have their own policies regarding what happens if you default on the loan.
Comparing the Annual Percentage Rate of several different lenders can help you when making a financial decision. Review the applicable laws and regulations governing loan rates and fees in your state: Carefully consider the repayment schedule, fees & interest associated with any loan offered to you.
Keep in mind brokers are not the lenders rather an introduction service that match you to lenders that may offer you a wide variety of financial programs based on the information you submit.
Please, Borrow Responsibly Your future financial well-being is a priority.