Question:

Information about car loans for people with bad credit

by Guest15492  |  12 years, 2 month(s) ago

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I work on a car showroom that deals in second hand cars. Many times I get to have customers that are looking for car financing and leasing but are quite reluctant in doing so as they have bad credit. I want someone to provide me information on car loans for people having bad credit.

 Tags: Bad, car, credit, information, Loans, people

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  1. Harrydgr8

    If you have a bad credit history this certainly does not mean that you cannot get a car loan or leased from a financial institute. This is because if there are no car buyers in the automobile market and no loan borrowers, then there will be no earning for the financial institutes and also the carmakers and dealers. There do happen to be some leasing and financing companies that help people with bad credit history to get car loans. Since the interest rate for people with bad credit could be a bit on the higher so it is advised to go for second hand cars as the price would be quite lower than for the newer ones.

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