People are always looking for a good deal when shopping for a car. And if your credit is not so good then of course you’re thinking that the year-end specials might be the best way for you to get auto financing. |
As a former car salesperson I can tell you that 1. Yes – there are a lot of good deals on new (last years model, but still new) vehicles 2. No – this might not mean that you can get auto financing from a traditional lender if your credit isn’t so good
If you’re willing to take what the dealership has on the lot (last years remaining models, remember) and not complain that it doesn’t have some feature you really wanted then you can get some bargains for sure. And this can work in your favor if you have bad credit.
Why? Because of the major discounts offered the vehicles are being sold for much less, which makes that more attractive to a lender. The less they have to finance a credit challenged person, and the more reliable the vehicle being bought, the happier the bank.
If you’re looking to finance a vehicle but your credit score isn’t so hot then I recommend you look at getting pre-approved auto financing from a lender that says they specialize in bad credit. We have three that we recommend because they’ve been stellar all this year getting our readers financed time and again. We also have several articles on our website written by my partner who used to sell cars at one of the major dealerships here in Phoenix. I encourage you to read those and then you will know how to get pre-approved auto financing, and how to gain the upper hand when car negotiating, making your car buying experience fun!
Dewey Kearney is the owner of 1-800BadCredit.com and 1-800BadCreditBlog.com
He co-owns these sites with his daughter Leslie J. Kearney. Both Dewey and Leslie have over 10 years experience helping people with bad credit get their credit back on track. Our sites offer information gleaned from our own experiences with bad credit in the past as well help finding bad credit car loans, Bad Credit, credit cards at competitive interest rates and best of all Legal Credit Repair with one of the best legal professional companies in the nation.
Please visit our sites: www.1-800BadCredit.com & www.1-800BadCreditBlog.com
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