At LotPro, we provide options for every situation, including auto loans for people with bad credit. We understand that everyone makes financial mistakes. We don't feel that these mistakes should keep you from purchasing a new or used car. That's why we help our customers learn about bad credit auto financing options and help them decide on the best choices for their needs.
Our loan specialists can work with you to find local dealers offering auto loans for people with bad credit. Through our Auto Credit Express application process, we can help determine how much you qualify for before you begin your car search. This can help you narrow down your options to those you can afford.
Auto Loans are determined based on a specific set of criteria. These criteria take into consideration how much you wish to borrow, how fast you can pay it back, and what you can pay each month. Income, down payment, cosigners, and credit history can also play a role. Before applying for a loan you should first take a look at your credit report. Examine your revolving credit as well as any installment loans you have, such as a mortgage. Also take a look at any late payments and inconsistencies--if these are mistakes, notify a credit bureau to have them corrected.
Since multiple inquiries into your credit can make applying for a loan more difficult, we recommend working with our loan specialists prior to beginning the application process. Once you know how much you can afford, you can search for cars within your budget via the easy-to-use search tool on the LotPro website. We even allow searches based on budget range, so you can quickly narrow down your choices.