Very Bad Credit Car-Loans [mortgagefraud101.blogspot.com]
Click Here! === NoCreditAutoBuying.net === Click Here How to buy a car with bad credit is something that is possible contrary to what you may have been told. You've got bad credit and dealer after dealer is wanting money down. To buy a car with bad credit, with no money down, you need to know a few things. First, there are only two reasons that a dealer would want a down payment... The most common reason is because it adds profit to the sale. The other less common reason is because it's needed to lower the total amount financed for approval by the lender. Trying to figure out which is the real motivation to pressuring you for cash is a little difficult so long as, you are depending on the dealer to get you approved. Most people think that if they have bad credit, they have to use the financing offered through the car dealership. After all, the local bank won't give you a loan right? This is a common mistake that can co st you thousands of dollars in outrageous finance charges. Let me fill you in on a little BIG secret... Car dealerships mark up the price of the car. Everyone knows that. Did you know that they ALSO mark up the interest rate? Yes, they do. They submit your credit application to lenders. The lender responds with an offer. Let's say that they approve you for a rate of 9%. Guess what? The dealer, knowing that you know you have bad credit will try to convince you that you are approved at 12%. The 3% difference becomes nothing more than profit that the finance ...
mortgagefraud101.blogspot.com ♫ How To Buy A Car With Bad Credit With No Money Down ♫
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If you have very bad credit, you're probably very frustrated with the situation that you've found yourself in. Past mistakes are holding you back from getting the car credit that you need to get the ride that you want. You know you can afford the payments if you can just get the loan, right?
Well, you can take comfort in knowing that you can get approved for a car loan online much easier than you can get approved at a car lot or at a traditional bank. Online car financing for people with really bad credit isn't quite as difficult as you may think that it is. Do you have a job? Are you an American Citizen? Are any bankruptcies that you may have had discharged, dismissed and out of the way?
If so, then you deserve to give online auto loans a chance to get you approved for the car that you want. It's quick and easy to apply for a car loan online and the approval is in most cases, instant.
You don't have to sit in front of a loan officer that is going to ask you questions about every late payment that you've ever had. You don't have to go from dealership to dealership filling out credit applications trying to get approved.Lenders prefer to deal directly with borrowers, especially when they have bad credit. They want to know that you're taking the loan seriously and will see that when they know that you're the one looking for a second chance and it's not just a car dealer trying to put you in a car.
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