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Two Ways to Help You Get a Car Loan With Bad Credit

It is easy to believe the lie that bad credit car loans just do not exist. We believe you should be able to receive quality financing, regardless of how poor you consider your credit. We want to do what we can to make sure you obtain the vehicle you want and also receive low monthly payments. Here are proven ways you can get a loan without a superb score.

Be Positive About Your Score

We say this because, a lot of the time, people assume the worst and think because their credit score is not perfect, there is no way they will get the loan for their car. We not only look at this, but also at your history. This means even if it is poor, if you have a solid past you will likely get a better loan than someone with an equal score but no history. Come in with a positive attitude, knowing you do have a chance and that our goal is to do what we can to help you.

Big Down Payments Can Make All the Difference

If your credit is considered low, we advise you to have a pretty large amount of cash you can provide us as a down payment for the vehicle. When financing, this is one of the best ways to get a better interest rate. It will also help to lower your monthly payments, which can be a great thing, especially if your financial circumstances change throughout the duration of the loan.

We understand that not everyone has great credit. This is why we are willing to work with you, regardless of the situation you find yourself in. Most banks and financial institutions will likely turn you down if your results are 600 or lower, but we will do what we can to get you your dream car and excellent financing.

Alleviate Your Financial Woes With Bad Credit Car Loans

If your car broke down, you might find yourself in a tricky situation. If you have bad credit, you might think your chances of getting a vehicle so that you can go to work and earn a living are nonexistent. Luckily, that is not the case. Bad credit car loans can help consumers get a dependable vehicle they need.

Our staff specializes in providing customers with the information to make an informed decision. A bad credit score is in fact more beneficial in some situations than no credit history at all. Making low risk monthly payments is a great way to get your score back up, and possibly qualify you for big loans in the future such as a house loan.

Better yet, our selection of quality used vehicles is almost unsurpassable. We have a wide variety of well-maintained cars in all makes and models ready to be test driven. Our friendly staff is ready to answer all your questions and help you make a decision you won’t regret. From the second you step foot on our lot to when you drive out with your dream car, you’ll be treated with the utmost respect.

Forget about talking with a bank specialist or third party lender. We have the knowledge and expertise to provide you with financing you can afford. If you need a car as soon as possible, speaking with financers outside a dealership can only complicate your situation and waste time. Our goal is to get you on the road fast.

Relying on public transportation is not an option for everyone. Risking unemployment because your car broke down is an unfortunate situation that nobody should go through alone. Take the time to visit our website and get Pre-Approved and discover how you can get a bad credit car loan and an automobile that won’t fail you when the going gets tough.

Important Steps to Take When You Need a New Car

You need a new car, but you have bad credit. You may be stressing out while trying to figure out how you are going to get a new vehicle to use. You probably think you are automatically going to get denied for any type of loan simply because your credit score is considered poor. While it is often harder for those with poor credit scores to get the help they need, our finance company provides bad credit car loans to individuals who can really use them. We understand the struggle and we want to make things right for you.

It all starts with completing an application. You can simply fill out our secure online credit application prior to getting approved. Upon receiving an approval, we can show you around, giving you an opportunity to check out all of the different cars we have available. While you are at our dealership, you will see all different kinds of makes and models available, so there should easily be something of interest there for you, too. You may want to compare the cost and determine how much you would be expected to pay on a monthly basis before selecting the specific vehicle you would like to get from our dealership.

Once you have selected the car you would like to get, you can complete the paperwork and drive right out of the dealership. We know you do not have time for stress and headaches, so we are here to help you with the entire process from start to finish. Our primary goal is to make sure you are satisfied and can leave our dealership with a smile on your face while riding away in something you absolutely love. Do not let your bad credit deter you from completing an application for a loan. You could receive an instant approval and have a vehicle you love shortly thereafter.

Tips for Buying a Car With Bad Credit

The thought of purchasing a new or used car is exciting. What’s not so thrilling is realizing that the process might prove itself to be difficult because you have a bad credit. Don’t worry, bad credit car loans do exist and we want for you to take a look at these tips for buying a car with bad credit.

Check Your Credit Score

You can’t join the battlefield unless you know the variables you are dealing with. If you’re unsure about your most recent credit score, be sure to check it before you head to the dealership. Even if your credit score wouldn’t win a price, don’t give up. There’s more that you can do to get a car loan.

Improve Your Credit Score

Now that you checked your score, it’s important to thoroughly review your report. Do you notice any errors? If so, dispute these mistakes soonest. Do you notice aspects that you are able to improve, such as paying off some old debt? If that’s the case, do so. Improving your score can be helpful and if that means having to wait a few more weeks to go car shopping, then that’s something you should consider.

Get Pre-approval

Now, while this might seem somewhat unconventional, it’s a smart thing to do. Working with a financial institution to get pre-approved can help you understand better why your credit score is bad and what you can do to improve it. Furthermore, knowing how much the bank is willing to lend you and at what interest rate can get you a more competitive offer from a car dealership.

Choose the Right Auto Finance Lender

If you want to proceed with purchasing a car despite your bad credit, find a lender that works with people with bad credits. They want you to have the vehicle of your dreams and have the ability to work with different financial institutions to get you the best rate. Companies like ours also offers in-house financing that can be a valuable option as well.

As you can see, bad credit isn’t the end of the world. Bad credit car loans exist and these tips can help you.

Pay Your Car Loans off Quickly

No one wants to be stuck with his or her car loan forever. As happy as you are with your new car, that doesn’t mean you’re ready to be saddled with a car payment for too long. Most people want to finish their car loan as quickly as possible. So, how do you pay off car loans quickly? Well, we have a few tips that might help you out.

Extra Payments

Extra payments will obviously cut some time off your car loan. For some, this may be as simple as one to two extra payments a year. You can even split the payments up throughout the year to add up to a full one.

Bimonthly Payments

Some people decide to pay their car payment once every two weeks. This may allow them to pay more than their regular monthly payment. Keep in mind that if you do go this route, you should make sure that your lender doesn’t have any problem with you splitting the payment. Some lenders may charge you an extra fee.

Rounded up Payments

There are a couple of benefits to rounding up your monthly payment to the nearest 50 or 100 dollars. The first benefit is that you can pay off your car loan faster. In the beginning, it may not look like much, but after a while, the payments will add up. The second is that your budget will be easier to keep track of. It is easier to add your car payment to your list of obligations when it’s a round number.

If you’re worried about your car loan taking too long to pay off, there are a few different steps you can take to finish your payments sooner than expected. The quicker you pay it off, the less interest that you’ll pay in the long run. This way you can save money and time.

Bad Credit Does Not Have to Be a Roadblock When Buying a New Car

Unfortunately, traveling on the highway of life is not always a smooth ride. A divorce, a job loss or another situation may leave you with bad credit. Your current car may be costing you a lot of money in repairs. While you desperately need a new car, you believe this is impossible due to your poor credit score. We have a reputation of helping people buy new cars by offering them bad credit car loans. Even with a low credit score, there is a good chance you will qualify. We offer loans for people in many different financial situations such as bad credit, no credit and bankruptcies.

Before applying for a car loan, it’s a good idea to do some legwork to see where you stand financially. Order a copy of your personal credit report; you are entitled to one copy of your credit report per year from each of the major credit reporting companies. Receiving your actual credit score will cost money, but this information is essential in finding your credit tier. You might discover that your credit score is not as low as you once thought.

We work hard to make sure you receive the best interest rate. To give it to you, we will need your financial earnings and information about your current employment. It is helpful if you can bring a copy of a recent pay stub to the dealership.

Our financial team members are here to help you. Many of them have years of experience assisting people with bad credit. Our website is a warehouse of information regarding financing and bad credit car loans; however, if you can’t find the information you need, please call us. We are here to help. While you may be stressed by your current financial situation, it shouldn’t be a roadblock to buying a new car. We are determined to help you drive back on to your life’s highway with a set of wheels that will give you many years of smooth driving.

Why Choose BC Auto Credit?

If you are in the car buying market, then chances are good that you are looking for ways to save money when you buy your car – and get the best possible financial arrangement on the car. Our car loan program is designed to make it easy for you to buy the right car for your needs – no matter what your budget is. Through our car loan program, you can not only get the best interest rates possible for your car loan, but you won’t be denied a car loan for reasons based on your credit.

Here are a few reasons that we think you’ll enjoy getting your car loan from our lenders:

We’re on-site

One of the best reasons to get your car loan from our lenders is that we are on-site. We are located right at the dealership so that you can visit with our lenders and then take a walk through the lot in order to find the right car for your budget based on your meeting with the lenders. The dealer and lender also work together in order to ensure that the car that you buy not only suits your lifestyle, but that it also suits your overall needs.

We don’t turn anyone away because of bad credit

Many of our customers have bad credit and are concerned that they may not qualify for a car loan in the Burnaby area. Luckily, thanks to the strength of our lending program, we don’t deny a car loan to anyone based solely on their credit. We offer bad credit car loans, no credit car loans, and, of course, good credit car loans. The major differences between these loans is that with the bad credit car loans, you may have to pay more for your car loan and qualify for a higher interest rate than a borrower with perfect credit. However, we can still ensure that you will get a car loan at a rate that you can afford for as long as you need it. And – the car that you buy from us with the car loan will be safe and reliable for years to come.

Use the Right Loan as a Solution to Financial Difficulties

Bad credit is a situation that affects many people, often when they least expect it. Medical bills, the loss of work, or other unexpected situations can make it difficult to keep up with bills. This often leads to late payments and, eventually, to a poor credit situation. However, your credit won’t necessarily affect your ability to buy a car. It also doesn’t have to mean that you are only eligible for loans with outrageous interest rates.

When it comes right down to it, your credit history may seem worse to some lenders than it does to others. Some auto finance companies, such as ours, may recognize an individual working hard to get ahead while other lenders are more concerned with their bottom line. If your credit has suffered lately, talk to us about a bad credit car loan. There are some advantages to obtaining a subprime auto loan.

Unfortunately, some of those same accidents that have affected your credit were also responsible for the loss of your car. Without a source of transportation, it can be hard to continue doing the work that you need in order to catch up with your bills. Even though you don’t have stellar credit, you still need a way to get back to work. These loans are the way to do so.

Another benefit of working with a bad credit car loan today is that the economic environment is one that changes often. If you postpone your decision to purchase a car, you might find that this window of opportunity is no longer available. You may find that your hesitation to act results in a much longer period of time without a reliable way to work and to all of the games and errands that make up life.

Once you’ve been affected by bad credit, your life will be changed forever. Hopefully, this experience will help you prepare for other emergencies in the future. In order to successfully move past this financial downturn, you’ll need a source of transportation. Take advantage of our ability to give you a subprime loan, so that you can move toward a more successful future.

Using Bad Credit Car Loans to Improve Your Credit Rating

If you have a credit score that you’re not exactly excited about, it could be difficult to secure a loan for your new car. The good news is we have the financing that will help you in more ways than one. First of all, bad credit car loans help you purchase the car you have been eyeing for a while. Secondly, this type of loan can help you improve your credit rating. You may be wondering how to make that happen.

The first way you can make a bad credit auto loan work to your advantage in improving your credit rating is by making your payments on time. When we offer you a loan, we will make sure it is something feasible for you to pay. This will help you to afford the payment each month. If you ever run into a problem and are short on the payment, simply give us a call and we’ll work with you to make sure it doesn’t become a problem.

Another way to make a bad credit loan work towards improving your credit rating is by keeping it on your report. After the loan is paid off, don’t call the credit bureau to try to have it removed. If you have been diligent in your payments and have worked with our financial representatives, it will be good to keep it around. Even twenty years down the road, it will be a good sign that you have a credit line that you were on time with.

These aren’t the only things you can do to improve your credit rating, but it is a good place to start. If you are purchasing a new car with a poor credit rating, a bad credit loan could help you many ways. Speak to one of our representatives today to find out what you can do to secure a loan that will help your credit score.