How Hard Is It To Get An Auto Loan If You Have Poor Credit?

In today’s uncertain financial times, unexpected expenses can wreak havoc with personal finances. Many people who live from paycheck to paycheck walk a fine line every month trying to keep ahead of the bills while hoping and praying that they can avoid a disaster of some type – at least until they get their next raise. But the truth is, for many people, an unexpected large home repair bill, medical bill, or business bankruptcy can derail them financially. These setbacks can lead to negative financial statements and a damaged credit score that’s hard to recover from.

If this has happened to you, you’re probably very familiar with the negative emotions that result from this situation. Shame, embarrassment, and frustration go hand in hand with financial destruction. You might have also received the “helpful” advice of friends and relatives who’ve never been in your situation. Naysayers may tell you that you’ll never be able to rebuild your credit or that it’ll be years before anyone trusts you enough to loan you money again.

So…do you listen to their discouraging words?

The answer is no. Don’t listen to your friends and neighbors. They may mean well, but if they’ve never been in your situation, they shouldn’t be viewed as experts, right? There are ways to quickly rebuild your credit after a financial setback. It’s not the end of the world. A good place to start is with obtaining an auto loan.

How Hard Is It To Get An Auto Loan With Poor Credit?

The good news is that it’s actually not as hard as you might think, provided you know where to look. A great place to start is with a specialized bad credit used car dealership like AutoMax.

bad credit car dealership

AutoMax is a reputable buy here pay here car dealership in North Carolina.  They specialize in providing on-the-lot car financing options to help customers purchase reliable used vehicles. AutoMax offers this financing option to everyone, but they specialize in helping people with poor credit. Since they opened in 1989, AutoMax has been dedicated to helping individuals with bad credit or no credit in obtaining dependable transportation without any hassle.

Why Use On The Lot Financing Instead Of Traditional Financing?

Buying from a buy here pay here car dealership like AutoMax saves you both time and money. On the lot car financing means that the loan is made to you at the dealership. You don’t have to go through a traditional bank, and you don’t have to run around town trying to find someone who will provide you a loan. Instead, you qualify for the loan on-site, choose the car you want, and take care of all the paperwork right there at the dealership. It’s a quick, easy, and hassle-free process.

You also save money by avoiding extra charges that are typically found at a traditional car dealership. Fees like destination charges and prepayment penalties often don’t exist at a buy here pay here car dealership.

Buy Here Pay Here Car Dealerships Are Legit, Right?

Perhaps you are skeptical of bad credit car dealerships. That’s usually because you don’t know much about them. To some, they may seem too good to be true. But buy here pay here car dealerships are the real deal. While they have more flexibility when it comes to loan terms, they’re still regulated by state and local governments just like traditional lenders are. So, you can do business with them with confidence.

When you work with a reputable bad credit car dealership like AutoMax, you have the assurance of working with professionals who can guide you through every step of the car-buying process. They understand that your situation is sensitive and are committed to helping you succeed. They work with you to determine how much car you can afford based on your income and other expenses, then guide you to vehicles on the lot that fit into your budget. They want you to be successful and make sure you can make your monthly payments because it’s a win-win situation for both parties.

Qualifying For On The Lot Financing At AutoMax Is Easy.

AutoMax makes the loan qualification process extremely easy. Fill out the loan application online before you come into the dealership to get a head start on the process. You’ll need to provide some personal information like your birth date, social security number, and your monthly salary. The best part is most buy here pay here car dealerships don’t pull a credit report on you. Since they loan you the money themselves, there’s no need for a credit report. This is good news for anyone with bad credit because the more hits you have to your credit report, the worse it looks to other potential lenders.

AutoMax approves 100% of the loan applications they receive. They focus on your ability to make future car payments rather than dwell on your past credit history. All they want to see is that you can make your car payments going forward. In fact, AutoMax offers customers an opportunity to work on rebuilding their credit scores by reporting their good payment history to one or more of the top consumer credit bureaus in the country. This means you look good every time you make a payment; the more on-time payments you have, the better your credit score might look. Before you know it, you’ll be on the path to recovery.

Lots Of Payment Options Make It Convenient For You.

AutoMax offers customers a variety of convenient payment options, making it easy for you to not only obtain on-the-lot car financing at their buy here pay here car dealership but also make your payments directly to the dealership. Here are the payment methods available to you at AutoMax:

  • Automatic payment on a debit card
  • Automatic withdrawal from your checking account (ACH)
  • U.S. postal service (snail mail)
  • Phone
  • Text message
  • Online payment portal
  • In-person at the dealership

Call AutoMax For On The Lot Car Financing – Even With Poor Credit

It’s easy to get an auto loan – even with poor credit – when you know where to look. In North Carolina, people with bad credit in Raleigh, Durham, Henderson, Youngsville, or Wilson will benefit from a visit to AutoMax. Stop in today or visit online to pick out your next used vehicle. Buying a used car has never been simpler!