Concerned About Auto Financing? – Don’t Be!
Auto buyers with blemished credit may wonder how they can get approved to buy a car. The answer is sub prime auto financing. When seeking a sub prime auto loan the question shouldn’t be just, “How do I get approved?” The better question to ask is, “How do I get approved for the best sub prime auto financing available?”
Prospective car buyers who have a credit score below 620, a history of late payments or a recent bankruptcy will all be candidates for sub prime auto financing. However, all sub prime loans are not created equal and the wise shopper will do a little homework before going out to the car lots.
Being realistic about the car a buyer can afford also increases the chances of obtaining a sub prime auto loan. This purchase is the first step in repairing less than stellar credit and it may require buying the best car for the buyer’s budget not the purchaser’s dream car.
The largest possible down payment will further help the buyer to find sub prime financing. A down payment may also lower the interest rate of the loan. A lower interest rate generally translates into a lower monthly payment as well.
Finally, remember that receiving credit is an ongoing process. Making timely payments on a sub prime auto loan can be the first step in revitalising a poor credit record.
At A2B auto we can show you how to effectively establish multiple trade lines on your credit bureau that will allow you to rebuild your credit FAST!
To find out exactly how fast we can accomplish this, simply click HERE to fill out your information and we will be in touch withing 1 hour to discuss your options!