Being asked to put down money for a car loan when you have bad credit, is like a the hospital asking you to pay cash for a $3,000.00 procedure because you don't have health insurance. If you had $3,000.00 laying around, don't you think that you'd have money for health insurance? People with bad credit usually have credit problems because they haven't had enough money to pay bills. So, why would someone with credit problems be asked to put down a down payment at a car dealership? It makes no logical sense, at all.
Fortunately, there are sources that you can use to get a special finance car loan with no money down and it's definitely not at a dealership. You can get approved for a new car with no money down if you just use the right lender. Not the right car dealership, but the right lender. It's all about the loan company.
Not all lenders are the same and they vary tremendously, in regards to their requirements and standards to issue a loan. If they were all the same, you would be either approved or declined at all of them. So it's logical that there are different lenders with different credit requirements. The simple way to get a car loan with no money down is simply to use the right loan company. There are sources on the internet that can help you do that and it's faster and less expensive than you think. It's less expensive in that you'll get lower payments, lower interest rates and eliminate the need to pay cash in advance if you use the correct lender. car dealerships are not the answer.
No comments:
Post a Comment