Before you run out and start shopping the latest new cars for sale or digging through used car classifieds and car search engines trying to find the best deals on cheap used cars for sale there is something you should consider. Your credit.
Let's face facts; most of us are not so privileged that we can just buy a new car or even pay full price on used cars out of pocket. You'll need to find a loan or secure financing before you make one of those new or used cars for sale your own. In order to know what sort of loan or financing you can get approved for, you need some idea of your credit score.
Now you may already have some idea if you are reading this of what your credit situation is, but if you don't you'll likely need to find that will check your credit score for you. Preferably someone that will check your credit score for free. Once you have that number, compare it to the chart below to get a better understanding of your credit situation.
If your credit score comes back above 600, your next stop for financing or a loan is likely either through your local bank or credit union you belong to. If your score is less than 600, in order to buy a car with bad credit you need to find an automobile dealership or online service that specializes in special credit situations.
Many banks shy away from dealing with a customer with sub-prime credit let alone people with poor or bad credit. You may have already hit the local car search engines, found a vehicle you like, and tried to secure credit only to find out this harsh reality first hand. Since repeated credit request can actually further damage your credit it's important to not waste time and actually find someone that deals in bad credit car loans the first time.
Services like those provided through LotPro.com can not only help you buy a car with bad credit, but also offer a means of rebuilding your damaged credit. Leveraging our large nationwide network of car dealers, we run your application through our network of hundreds of dealers without needing to process your application, or your credit score, multiple times. Check out our online car finance section to learn more.