No credit check car finance

If you’ve got the bad credit blues, you’re probably thinking that if you want to get financing, that you’ll have to get your car loan through a dealership that offers in house financing. This is a common mistake that many people make and you need to know why. You do not have to use in house financing if you have bad credit.

Do you want to anyway? Probably not. There are two main reasons that this type of auto financing should be avoided and I’ll explain them to you in simple terms.

You’ll pay more for the car. These types of car lots charge much more for vehicles than they should to be able to sleep at night. When you buy from a normal car dealer, you pay less than retail.

When you buy from a dealer that does in house financing, you pay more than retail. Common sense says that if you have bad credit, it’s because you’ve been having a hard time paying bills.

So why charge people that have had a hard time even more money for cars? They do it because they can get away with it. Simply because most of their customers haven’t done their homework to see that there are companies that will help them with a real car loan.

You’ll pay more in finance charges. They justify it by saying that you’re “buying credit”. Well, if you’ve got bad credit haven’t you “bought” enough credit already with crazy late fees and inflated interest rates? Most car lots that offer in house financing charge rates in excess of twenty percent. No that’s not a typo. 20% or more is what you can expect to pay.

You can avoid all of this. There are real companies that offer their finance services online. In house financing is not the auto loan answer that you need.