What most bad credit car buyers don’t realize is that a car loan with no money down requires great credit. The commercials that advertise a car loan with no money down fail to tell you that and put in such small print you can’t even read it. The most important thing to remember though is you can still get special finance auto loans.
Wednesday, March 9, 2011
Auto Credit Loans with Bad Credit
If you think that there are no credit loans with a $400 monthly then your looking in the wrong place. This will usually require a down payment for a car thats 18000 with bad credit. Most subprime auto finance lenders and your job is your credit car lots require a down payment. This can range from 10-20% based on the price of the vehicle. The higher the vehicle is priced, the more the down payment you will need.
Thursday, March 3, 2011
Subprime Auto Loan
If you are looking for an auto loan with no money down then you better have really good credit. Most lenders like to see anywhere from 10-20% of the vehicle cost for a subprime bad credit auto loan. The worse your credit is, the more the down payment will need to be toward the 20% range. This assures the lender that you have the financial means to repay the loan and will pay it on time every month.
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