Knowing how to best buy a car with bad credit doesn’t require a degree, the services of an experienced consultant, weeks of in-depth research into the subject online, or a well-thumbed How-To Guide ordered from Amazon! No. It’s really quite a simple process. If you know who to ask, your application for finance can be approved extraordinarily quickly, too.
If you ever see an offer of “Guaranteed Approval on Car Loan Applications”, take that with a pinch of salt (or other seasoning of your choice). Especially if it’s a dealership. Why? Because only lenders can make promises like that. Dealers who use lenders to approve applications simply can’t guarantee that loans will be approved. It’s not the way it works.
Right. You need a car loan, pronto! But you’ve got poor credit, or you have CCJs on the register, there’s a couple of missed payments on your credit card record, or you’ve defaulted on some other kind of loan in the past, meaning that your credit score is pretty low right now. Don’t fret.
If you work for yourself, you’ll know how hard it can be to find clients, to be paid properly and on time, and to get referrals that actually lead to more work. You’ll also know what a struggle it can be sometimes to cover advertising costs, to maintain a visible online presence, and to generally balance the books in the face of myriad expenses that can crop up when striving to keep your own business afloat.
OK, so you need a car. The reasons why are entirely your own business, of course. But, if money’s a bit tight right now, how are you going to pay for it? Hmm… If you’re unable to purchase a vehicle outright you’ll probably be looking to make repayments on a car finance deal on a monthly basis. But what if you’ve got bad credit? Can you still get a car? Well, it depends…
“Nothing in life comes with a guarantee.” Who said that? Well, whoever it was, they were certainly not wrong!