Bad Credit Auto Finance

Posted by admin on October 25th, 2009 at 12:00am

Question:
What are the possible bad credit auto financing options we have?
My husband and I are having a child soon and we have to get a vehicle with more than 2 doors. As a result of a job loss and the following reduction in income our bad credit is seriously banged up which is the bad news. Luckily, we in a good situation again but the past credit issues continue to hurt us.
I have done some looking, but everything that I have seen seems pretty shady. Are there any legitimate bad credit auto finance options available to us?

Answers:

You could consider getting a less expensive used car until you credit score improves.
But if you require a new car I would suggest consulting with Saturn. They allow you get a sub-vented rate for customers on new vehicles for customers with some credit problems. They have a 9.9 percent APR for sub prime customers and their cars are more affordable and have five star safety ratings. You have children to be concerned about. Good luck.

You could check out the automotive financing forum on the internet website I have listed.
Many individuals that ask questions in that site’s forum are going through similar cases. There is some good advice on how to handle banks, car dealers, what lenders deal with borrowers with bad credit or low income.
There is no advertising on that site. It is purely information and advice only, nobody will try to make you to do business with them. Spammers that try do that are kicked off that site very quickly.
Furthermore, check out the credit message board. Do some research and learn how to handle with those people.
http://creditboards.com/

Under Cars and Bad Credit