So where exactly is the best place to get a car loan when you have bad credit?
Firstly, you certainly want to avoid the following ...
Avoid buy here Pay here dealers.These types of establishments that offer free domestic financing extremely high interest rates, their cars or retail price above and usually always wants a prepayment. This is not the best place to get a car loan, and certainly not if you're wanting to save money. Buy a car from one of these places and you will pay not hundreds, but thousands of dollars more for the cost of what you need.
Avoid Dealer to dealer Greece. Don't go jumping a concessionaire for another attempt to get approval. Many people with bad credit do just that and he leaves large number of credit inquiries on your credit report. These surveys remain on your credit report for two years and they show that you're having difficulty getting approved. When you go to a second or third attempt to obtain approval, the dealer may consult the banks and loan companies that you have been sent to already and have been rejected. So, if you're making the jump dealer to dealer, stop now!
Lenders online save the day.If you have bad credit, the best place to get approved for a car loan is online. Now don't go enter your information into 15 sites. There are some legitimate sources on the Internet that allow you to search through a database of lenders. There are also online sources that will pair your credit history with the creditors who are granted approved for you. In my opinion, online sources are the best place to get a car loan, if you have bad credit.
http://www.buyingcarswithbadcredit.com can help you find a real car loan.