There is no secret to buying a car with bad credit, however knowledge is power. The more that you understand the options that you have in regards to obtaining financing, the better off that you will be. Car dealerships are not going to sit there and tell you everything that there is to know about bad credit car finance. Typically, they don’t tell you anything more than what you need to know to convince you that the deal that they are offering you is the best that you are going to be able to get.
Would it be any surprise to you if there was something better than what is offered at a car lot? Would it surprise you if there were better options available for obtaining financing and that a dealership won’t tell you about them?
It should come as no surprise at all that there are in fact options that you have that you will not be told about at a car lot. Those options can significantly increase the odds of you being able to be approved for more car with less money. It is not a secret, however it is knowledge that many people that have bad credit are not aware of.
What you need to know if you have bad credit, is that there are lenders that are available to work with you that you cannot deal with through a car dealership. While dealers may have access to many lenders, there are other options available.
My recommendation: If you obtain your financing outside of a car lot and away from where you are shopping for your car, then you have an opportunity to think logically about the decision that you are making and are less likely to be taken advantage of. There is no one that will be trying to talk you into doing something that you may not need to do.
Also, your emotions and the emotional attachment to a vehicle is less likely to be a factor that will influence you to make a compulsive financial decision. There are websites on the Internet that are reputable and can help you obtain car financing without your having to deal with a salesman or having to go from one car lot to another, trying to find a dealership that has the right lenders to approve you based on your individual circumstances.
Enter your ZIP code and household monthly income at http://www.MyCreditTree.Net/ and see if there is a lender that will approve you for a no money down car loan. You can also apply at http://www.FundMyVehicle.Net/ and get approved in 45 seconds.