Fast Bad Credit Car Loan

Many people with bad credit find themselves in a situation where they have to get a car loan fast because they need transportation.

Fortunately, it’s fairly easy to get a car loan fast even with bad or very poor credit. There are many car dealers who are willing to work with people with bad credit and get them a car fast.

Dealers are willing to work with people with bad credit because in car loan; the auto itself is used as collateral. If the borrower doesn’t pay back the loan, the dealer simply has the car repossessed.

Find a Dealer That Specializes in Bad Credit

Most car dealers will work with people with bad credit but some are more willing to work with people with bad credit than others.

Smaller dealers are more likely to make deals with those who have bad credit than larger dealers. Dealers that provide their own financing are also willing to work with people with bad credit.

You May Have To Settle for a Used Car

One concession you have to make to get a car fast with bad credit is to settle for a used car.

Used car dealers are more likely to work with people with bad credit. Larger dealers are more likely to let a person with bad credit take a used car. Especially an older model that isn’t likely to sell fast.

A car lot with a lot of inventory maybe more willing to work with you because they lose money when a car sits on the lot unsold. Such a car lot maybe more willing to work out a deal with a person with bad credit to get rid of a car that isn’t moving.

Be Careful When Buying a Used Car

Many people are leery of used cars because one they purchased in the past turned out to be an unreliable piece of junk.

The way to avoid getting taken at the used car lot is to inspect all cars closely and ask if you can have your mechanic check it out. Look closely at the physical condition and see if there are signs of dents or other damage that could indicate the car was in an accident in the past. Never buy a used car that was in an accident and rebuilt.

Ask for a Car Fax as well, a Car Fax is a history of the car and it can tell you if the car was wrecked in the past. Reputable dealers should make Car Faxes available on all used car.

Don’t look at the mileage on the odometer of a used car. This can easily be turned back to make the car look like it’s been driven less. Instead read the Car Fax and look at the physical condition of the car. Look for cars that don’t have many visible signs of wear and tear.

Get a Warranty

Try and get a warranty so the dealer will be responsible for the service and maintenance of a used car you buy.