Fast and Easy Car Financing Regardless of Credit History
Planning to purchase a vehicle? Get the car you want without going through the usual time-consuming and difficult borrowing process. Enjoy fast and efficient car loan approval regardless of your financial challenges and your credit history.
Put Yourself in the Driver’s Seat
By working with us to get pre-approved for financing before going to the dealership, you separate car financing options from dealer price negotiations and get the best deal possible.
AllCreditCarLoans Follows A Simple 1-2-3 Process
No need to wait for hours at the dealership or submit tons of paperwork. No need to worry about your credit history. With AllCreditCarLoans, everything is as easy as 1-2-3.
1 – COMPLETE OUR ONLINE APPLICATION – This process takes only around five minutes to complete. Our application page is safe and secure, so you don’t have to worry about the safety of your information. In addition to this, we do not ask you to fill out a lengthy application. Everything is done online. There are also no extra fees or hidden charges. Applying is FREE.
2 – RECEIVE YOUR LOAN APPROVAL – Getting your loan application approved is easy. AllCreditCarLoans has an extensive lending network, so approval is fast and efficient. You don’t have to wait for days, or weeks, or months. You can get loan approval on the same day you apply.
3 – PURCHASE YOUR VEHICLE – With our 1-2-3 process, you can purchase your vehicle on the same day your loan is approved. You can visit your favorite dealership and negotiate like a cash buyer.
Purchase A Car
The subject of car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. The provision of car finance by a third party supplier allows the acquirer to provide for and raise the funds to compensate the initial owner, either a dealer or manufacturer.
Car finance is required by both private individuals and businesses. All types of finance products are available to either sector, however the market share by finance type for each sector differs, partly because business contract hire can provide tax and cashflow benefits to businesses.
Personal Car Finance is a complete subsector of personal finance, with numerous different products available. These include a straightforward car loan, hire purchase, personal contract hire (car leasing) and Personal Contract Purchase. Therefore, car finance includes but is not limited to vehicle leasing. These different types of car finance are possible because of the high residual value of cars and the second hand car market, which enables other forms of financing beyond pure unsecured loans.
Car finance arose because the price of cars was out of the reach of individual purchasers without borrowing the money. The funding for personal car finance is provided either by a retail bank or a specialist car financing company. Some car manufacturers own their own car financing arms, such as Ford with the Ford Motor Credit Company and General Motors with its GMAC Financial Services arm, which has now been renamed and rebranded as Ally Financial. Indirect auto lenders may set risk-based interest rate, or “buy rate,” that it conveys to auto dealers. Car companies may then allow their auto dealers to charge a higher interest rate when they finalize the deal with the consumer. This is typically called “dealer markup.”  Markups can generate compensation for dealers and some (those of GM's Ally and Honda) have been found to use the discretion to charge consumers different rates regardless of consumer creditworthiness.
The funding supplier may retain ownership of the car during the period of the contract for certain types of financing. This interim ownership by a third party and subsequent leasing to the acquirer is far more typical for business assets than private ones, with the option of vehicle leasing being the major exception for private consumers.
The finance is arranged either by the dealer which provides the car or by independent finance brokers who work on commission.
Buy a Car With Bad Credit With No Money Down
If you're in the market for a vehicle and have bad credit, you've probably been asked by a car dealer or two about whether or not you have money to put down. This is common and depending on your credit score, you may or may not have to have a down payment. All car dealers have different requirements for money down and it can depend on a number of factors. Here, we'll take a look at how different types of car dealerships and lenders view down payments, as well as, how they can affect your loan approval.
New Car Dealerships
Most new car dealerships are able to apply rebates and incentives to reduce the need for money down. If you have negative equity in a vehicle that you're trading in, you may have to provide money down to cover the negative equity so that it's not carried over into your new loan. While buying a new car while having bad credit isn't so common, there are many manufacturer's that offer lower priced new cars with attractive financing incentives to make buying easier for people with lower credit scores. Kia and Hyundai are known for their bad credit financing programs and this may be something worth looking into if a new car is what you're interested in. You may wish to call your local dealer to find out about current rebates and incentives that you can use in lieu of a down payment.
Online Loan Matching Services
Services available online in some cases may be able to match you with a lender willing to help you get approved for a car loan with little to no money down. It's a matter of finding the right combination of vehicle and dealer, to work with your individual circumstances.
Having bad credit often leads to the need for a down payment when buying a car. New car dealerships may offer incentives or rebates to offset the need and used car dealers may be able to make the numbers work in your favor. Buy here pay here car lots generally always require down payments. Negative equity in the vehicle you're trading can prevent you from being able to buy without any money down.
How To Get An Auto Loan If You Have Bad Credit
There are several articles about refinancing your current auto loan, but has anybody explained to you what refinancing your auto loan means? This articles shows you what an auto loan refinance is and how you can benefit from getting a new auto loan with lower interest rates to refinance your current one.
Refinancing your auto loan means that you get a new credit with much lower interest rates than your old car loan. With this new car loan you can refinance your old car loan, so that you have lower monthly payments. All you need to do is to find a great deal in order to get a car loan with a very low interest rate. Then carry the money you get to your current lender and enjoy the saved money. Sounds easy, but where do you find these lower interest rates and when is the best time to look for your new loan?
Be aware, there are some finance companies or banks that will add a "special agreement" for paying back the loan earlier. The charge extra fees and you will be paying much more than you have expected. Watch out fore these terms of agreement in your current loan agreement.
With the popularity of the internet, many people have taken the chance to save lots of cash through refinancing their auto loan and you can be the next one. Take action today and compare different offers from several finance companies and banks.