Are you struggling with your current credit history? Do you find that auto loans are near to impossible to get? Are you just looking for the best car in either a new car or used car but dread doing a car loan application?
I may have some good news if you’ve suffered with bad credit car loans in the past. Learn this tip on how to get a guaranteed car finance rate easily.
One thing to be sure about is you need to know all the good, bad and ugly about your credit rating before you apply for financing. Especially anything that can trip you up. Don’t try to cover up anything when you contact a credit company for a credit car loan.
These things will cause you to either not get good car credit or increase your interest rate as the finance company will be trying to cover their butts for years on a loan that may go sour with you.
Be sure to first try and correct issues that could ruin any car leasing deals you may find. If you can’t fix a problem, before you get an auto loan figure out a good and plausible excuse why you have this gray mark on your credit history. Don’t fabricate anything, but think about what lead you to have a poor credit auto history. You may surprise yourself when you start to think about it. Truly if you’ve made a mistake tell them that.
Then make sure you expose this flaw right up front. This will give the leading company a lot more trust in you and could make the difference between better rates or just making the deal.
Guaranteed car finance can also be less stressful when you apply online. Whether you are looking new used or otherwise, you can normally finance car loans with these online vendors.
Actually, a guaranteed car finance on a vehicle may be the best way to go in the long run. Plus if you own your home, make sure you mention this as well. You can secure guaranteed car finance rates that will make purchasing dream cars even easier. Even if you have considered picking up a new or used BMW, this is important. You see, when you apply online, if the company can secure an auto loan against an asset that is growing in value, you may save several points on the loan! This is a great way to get a better rate car loan.
To recap, if you want that car and you have bad credit, clearly review what caused your bad credit in the first place. (95% of all applicants don’t to this!) Next, clean up blemishes on your credit history. Finally, if you cannot remove a blemish, be sure to clearly expose it with a truthful and good reason. Even if you just screwed up at the time, it’s better then pretending that it’s not there! So, be sure to apply online for guaranteed car finance as it’s less stressful and actually pretty quick!