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How to Get Approved For a Car Loan When You Have Bad Car Credit

Updated on November 4, 2009

Most People Have Bad Credit

Millions upon millions of folks have credit problems. All of these people still have to get where they're going. It's a tough spot to be in when you have bad credit and you need to get approved for a car loan. This hub will help you to understand how to get approved for a car loan when you have bad credit. It seems like it's tougher than it really is.

Is it really that hard to get approved for auto finance with poor credit?

Nope - it's not.

You simply have to remember a few key points about getting approved...

  1. Dealers aren't the end all to getting financed. There are other options.
  2. Quit thinking that you are desperate to get approved. It's really not that hard.
  3. Never disclose that you have a down payment to a car dealer until after you've negotiated price!

Even with really bad car credit, there are legitimate sources online that can offer you options to buy a car with bad credit. Your credit can be so bad that the printer farts when your credit report is printed out.

It doesn't make any difference.

Cars are secure loans as they are collateral.

So long as there is something that the finance company can repossess and sell to recover their money, you can get approved for a car loan even with really bad credit.

That's something that dealerships won't tell you and that you should definitely keep in mind.

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