Doug's Credit Center Blog

Guaranteed Auto Financing is not always Necessary

When it comes time to start shopping around for a new or used vehicle one of the first concerns on peoples minds is the financing; how are you planning on affording such a purchase? Buying a used car can easily be one of the largest purchases a person will make in their lifetime, typically next to a mortgage.

Guaranteed auto loans too often pop into people heads right away if there is any hesitation about where your credit stands, especially when you drive by the local car dealer with the flashy yellow sign advertising auto loans for anyone, guaranteed.

Are you in need of financing with very bad credit?

If you suffer from the many problems of having a poor credit history, this may seem like the deal you’ve been waiting for.

Guaranteed auto financing can be helpful for those who have really bad credit and need financing. Not having anywhere else to turn to would make this an option to really consider. In today’s day and age not having transportation can be absolutely devastating to ones daily routine and even entire life.

When applying for guaranteed financing do realize that this type of financing was intended for people with really bad credit problems, many of these auto finance companies and car dealers that offer these used car loans will usually require a larger down payment to help account for the high risk nature of the loan. Also, the interest on this type of auto financing can become rather high. With a larger down payment you may be able to help lower that monthly interest rate, but you would have to speak with the dealership or lender.

There are other Auto Loan Options too..

Even with a down right terrible credit score you still have car loan options, and more than most probably realize. Here at Doug’s Credit Center we specialize in bad and poor credit auto loans, and our network of car dealers and other lenders share our same passion. By applying for financing online you will be able to do so from the comfort and privacy of your own home and let us do the heavy lifting.

Before submitting your application make sure to double check your answers for accuracy as they will be used to find local auto financing options in the area which you’re already qualified for.

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