Fact:. Thanks to the credit crunch, banks are pickier than ever, and the average subprime auto loan is now shopped to more than five banks before it's accepted. Our dealers are electronically linked to hundreds of lenders, which greatly boosts your chances.
Fact: It sounds awful, paying 12, 15, 18 percent interest for a bad credit car loan, and people freak out that it'll be too expensive. But here's the deal: You can get a really good car, and even paying a worst-case
scenario 18 percent, your payments are only
$1.00 or $1.14 more per day! (Proof here)
Fact: Now think about what that extra dollar gets you.
It gets you better credit, so you don't have to pay
what's essentially a bad credit tax the next time you
buy something. You can drive a better car while rebuilding your credit.
But wait -- there's more!
Fact: Dealers have gotten better at dealing with credit issues because they see more and more of them every day.
Fact: Dealers need all the buyers they can get. Thanks to rising gas prices, car sales have dropped like a rock. There are unbelievable incentives as the 08 model year closes out. (Read more)
