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Bad credit and no credit check car loans are typically high interest loans offered by dealers and sometimes backed by lending companies that specialize in high risk loans. These often have special terms, such as weekly rather than monthly payments or a low threshold for default and repossession.
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∙ 11y ago
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How can one obtain car financing if they have bad credit?
To obtain car financing with bad credit can be done by purchasing from a car lot that advertizes " buy here pay here". You will find that with bad credit you will pay a higher interest rate than if you had good credit.
Where can a person with bad credit obtain financing for a car?
Usually the dealership can help you obtain financing. It depends on the price of the car, your credit score, how much money you make, how many years you were at your current job, etc.
Where could one obtain guaranteed finance for purchasing a car?
There is no guaranteed finance option as it all depends on your credit. If you have bad credit it's incredibly hard to get financing for anything. If you have good credit you're more likely to get car financing.
Which lending companies offer no credit check car financing?
There are several lending companies that offer no credit checks on car financing, for example, Stoneacre. Other companies such as 'car loan 4 u' also offer this service.
Does car dealerships qualify people for car loans?
Some car dealerships qualify people for car loans even if they have bad credit. You can also try to obtain financing through a bank or local credit union.
What companies offer ways to finance a new car?
You can obtain financing for a new car purchase from a variety of sources such as banks, credit unions, online finance companies. The selling dealer will also have access to seller financing from sources such as Ford Motor Credit, Toyota Motor Credit, etc.
How do you get financing for a car?
the dealera banka credit union
Where can an 18-year-old obtain financing for a car loan?
Just about any bank in the world. Try a local credit union though. better rates.
What are the credit requirements for car financing?
Well the credit requirements for car financing vary greatly between financial institutions. Some will give money to anyone, some want a perfect credit report.
Will a car dealership do a credit history check in order for me to buy a new car?
Most car dealerships will do a credit check before selling you a car because the banks who are doing the financing want to know who they are lending money to. In these financially unstable times there are a few car dealerships advertising that if you have a job you qualify for a car loan at their dealership.
How is credit history check useful?
"A credit history check would be useful if you were trying to buy a house or a car, or obtain a loan. You could check your credit first, and if there were problems you could pay them off before applying for loans."
Credit score in relation to financing a car?
You can finance a car by either contacting a bank and getting a loan through them or by getting a loan directly through the car dealer that you will be purchasing the car from. The benefits of a good credit score include better interest rates, lower payments and make it easier for you to obtain a loan.
