How to Get Bad Credit Car Financing

If you have bad credit and are worried about getting car financing, then worry no longer! We’re happy to tell you that we offer bad credit car financing for our customers regardless of their credit score and credit histories. After all, when it comes to buying a new or used car, you need to have a car that is safe and reliable – even if you have bad credit.

Getting bad credit car financing is quick and easy – especially when you work directly with one of our dealers. Here are a few things that you may need to know to get started!

Apply Online

We offer an easy-to-use online credit application that allows you to fill out the application from the comfort and convenience of your own home. After you submit your information, one of our credit counselors will contact you with more details and to discuss your credit situation.

Consultation

When you have your consultation with one of our lenders, we’ll go over your credit application and discuss different items. We may want to talk more about why you have bad credit and what is different about your situation now. We may want to know more about your job and living situation as well. Feel free to tell us what’s on your mind – your consultation is confidential and the more candid you are, the better your financial situation will be.

Discuss Options

Based on your credit application and our consultation with you, we’ll develop several different options for you that are uniquely designed to suit your financial situation. We care about helping you to afford your car now, but we are also interested in developing repayment that will help you to easily afford your car years from now as well. For example, we may suggest that you make a smaller monthly loan repayment over a longer period of time if you have a limited income. Alternatively, if you feel comfortable in your current financial situation, we may suggest paying more each month, but having the loan for a shorter amount of time.

Customers with bad credit will have a variety of very manageable options when they work with us. Contact us today, apply online, its fast, easy, and secure. Stop walking and start driving!

3 Ways to Keep Up With Your Car Loan

If you don’t have the on-hand cash to buy your next used car outright, or if you simply don’t prefer to do this, securing a loan is a great option. Car loans enable buyers to pay off their vehicles over a designated time frame a with monthly payments at a given interest rate. As with any loan, it’s vital to keep current with car loans in order to protect your credit and to avoid losing your vehicle. Here are some tips to ensuring you can pay off your loan.

Make Payment on Time

When you finalize your car loan, a specific date will be set when your payment will be due. It’s critical to never miss this deadline. Missed payments will not only result in late fees but can cause more serious problems like damaged credit or even repossession of the car. Get in the habit of paying on time no matter what. A good piece of advice is to set up automatic withdrawals from your bank account.

Put Some Money Down

At the time of the purchase, you may be required to put a certain amount of money down for the car. If possible, make a larger-than-necessary down payment. This will lower the principal and the monthly payment, thus making it more manageable.

Call For Help When You’re in Trouble

While you should never intentionally miss your payment, life happens and circumstances make it difficult or impossible to keep up with your loan. Perhaps medical bills pile up, or perhaps you have a job loss or personal tragedy. There are legitimate reasons why paying on time will not be easy. Your lender recognizes this as well. However, if this happens to you, don’t ignore the late notices or neglect the loan. Talk to your lender and explain your situation. Your lender will work out a plan to help you so that you don’t get behind and default.

Staying current on your loan is vital. Practice this tips and have the peace of mind of financial security.

3 Pros To Getting a Loan For Your Car

Purchasing a vehicle isn’t something to take lightly or just do on a whim. This should take careful consideration. After all, your car will serve many purposes, hopefully or a number of years to come. Buying a used car doesn’t have to cause panic or anxiety, however. With car loans, it can be easier than you may think to own a vehicle, whether it’s your only car or if you plan on it being an addition to what you already have. Here are some benefits of obtaining a loan for your next used car.

Won’t Drain Your Bank

Securing a car loan can often be done with very little up front. Sometimes, you can finding lending that won’t require anything down. While you’ll have monthly payments for the life of the loan, you won’t be out a large sum of money at one time. This means you’ll keep your hard-earned cash for yourself to spend on your needs, including upcoming car maintenance and repairs. Purchasing the vehicle outright will take away from what you currently have in your account.

Easier Than You May Think

One thing that keeps people from using car loans for their next automobile purchase is the worry that the lending process will take too much time or will involve more paperwork than is wanted. But actually, many dealerships can handle the lending aspect of the transaction, making the process smoother and painless. You can obtain a loan for your car quite easily without having to wait for the keys.

Helps You Get a Car You might Not Otherwise Buy

The price tag of even a used car can look out of reach or daunting. You might not have that kind of cash on hand, but with a loan, you can map out a plan to afford the monthly payments and ultimately own the car outright.

For your next purchase, consider a car loan. You can drive off in a reliable car sooner than you thought was possible.

Purchasing Your First Car Using Bad Credit Car Loans

If it is your first time purchasing a car, you may feel a mixture of emotions, such as excitement and nervousness. You may feel excited about finally getting something of your own instead of relying on other people to drive you to different places, but nervous because you might not know how you will afford to get a vehicle of your own. Bad credit car loans make it easier for just about anyone to get a vehicle if and when they need one. We can help you complete the application for a car loan at our dealership.

Applying and Making Important Decisions

The first step to the buying process involves completing the application for one of these loans. There are many details you may need to provide about yourself before you are approved for a specific amount of money. If you do get approved, we can tell you how much is available for you to spend and guide you in the right direction of the various vehicles that are available within that specific price range. We have quite the selection available. There are many makes and models available at our dealership. When it comes down to the one that you choose to get, it is mainly a matter of preference.

Ride Away in Style and Stress-Free

Even though your credit is not great, you may still be able to get a great car that looks stunning both inside and out. The option of using a loan to pay for the car means you can easily ride away in style without the stress of spending all your money at once. After getting the loan and selecting the right vehicle, you can agree to make payments of a certain amount for several months until the total cost of the car is officially paid off. It is a stress-free process that allows you to get a car without a struggle.

If you are shopping for your very first vehicle, come take a look at the options we have. Not only do we have an amazing selection of vehicles, but we also offer loans for those with bad credit.

Bad Credit Does Not Have to Be a Roadblock When Buying a New Car

Unfortunately, traveling on the highway of life is not always a smooth ride. A divorce, a job loss or another situation may leave you with bad credit. Your current car may be costing you a lot of money in repairs. While you desperately need a new car, you believe this is impossible due to your poor credit score. We have a reputation of helping people buy new cars by offering them bad credit car loans. Even with a low credit score, there is a good chance you will qualify. We offer loans for people in many different financial situations such as bad credit, no credit and bankruptcies.

Before applying for a car loan, it’s a good idea to do some legwork to see where you stand financially. Order a copy of your personal credit report; you are entitled to one copy of your credit report per year from each of the major credit reporting companies. Receiving your actual credit score will cost money, but this information is essential in finding your credit tier. You might discover that your credit score is not as low as you once thought.

We work hard to make sure you receive the best interest rate. To give it to you, we will need your financial earnings and information about your current employment. It is helpful if you can bring a copy of a recent pay stub to the dealership.

Our financial team members are here to help you. Many of them have years of experience assisting people with bad credit. Our website is a warehouse of information regarding financing and bad credit car loans; however, if you can’t find the information you need, please call us. We are here to help. While you may be stressed by your current financial situation, it shouldn’t be a roadblock to buying a new car. We are determined to help you drive back on to your life’s highway with a set of wheels that will give you many years of smooth driving.

How Bad Credit Car Loans Can Improve Your Credit

Many of our customers come to us with bad credit and are trying to get a car loan. Having bad credit does not mean that you can’t get a car loan, like many of our customers initially think when they first contact us. In fact, you can not only get a bad credit car loan that suits you financial needs, but your bad credit car loan can actually improve your financial situation.

Here are a few things that you need to know about how bad credit car loans can improve your credit:

Car loan interest rates are based on credit

It’s important for you to understand how car loans work. More importantly, if you have bad credit, it’s important for you to be aware that your car loan rate will be based on your credit. When you have bad credit, you will be able to get a car loan, but the interest rate that you will be paying on that car loan will be greater than the interest rate that you would be paying if you were to have good credit. This is because lenders base their interest rates on several conditions, including economic conditions, the lender’s lending capability, and a borrower’s credit.

When you have bad credit, it is usually because you have made some bad financial decisions in the past – whether you are responsible for them or not. You may also not have a very long credit history, which could cause you to have bad credit. When you have bad credit, lenders can not have the same confidence in your ability to be financially responsible as they might have with a borrower who has good credit. Therefore, in order to ensure that they will receive a return on the money that they loan to you, the lender may charge a higher interest rate.

Bad credit car loans can improve credit

Bad credit car loans can improve your credit as long as you repay the loans because they will be showing lenders that you have developed a credit history and are capable of being financially responsible by repaying the loan on time and in full. Therefore, taking out a bad credit car loan can help to improve your credit and lower your interest rates in the future.

Contact us today for more information about our loan program or to get started with your bad credit car loan!

A Bad Credit Car Loan Can Help Secure the Right Vehicle for You

As most everyone is all well-aware, a reliable vehicle is an essential part of earning a decent living. Many find that the best jobs simply remain out of reach without dependable transportation, which can be particularly upsetting for those seeking to rebuild a previously shoddy financial history. That’s why it’s so important for consumers suffering from past financial instability to secure an appropriate loan best-suited to their current needs. Fortunately, bad credit car loans can be ideal for those seeking to bounce back from bankruptcy filings that may serve to impede future purchases.

Because obtaining a vehicle loan can be exceedingly difficult under even the best of circumstances, those with poor credit histories must take great care when pursuing a prospective financing. In many cases, bad credit car loans can entail exorbitant interest rates, which may result in even more financial turmoil down to the line for those striving to get their finances in order. You don’t want to end up paying more than your vehicle is actually worth, which is why it’s crucial to be aware of all the available options before making any final decisions related to vehicle funding.

Thorough research is key in this event, especially if you wish to avoid any loans accompanied by high interest rates. When seeking possible loan options, the internet can be a great place to start your search thanks to the abundance of helpful resources. These resources can serve as a guide during the decision-making process, while also allowing you to head off steep interest rates on your new vehicle.

Throughout your search you’ll be privy to the many different types of loan brokers out there, as well as things like term lengths and repayment conditions. Finding a good job is the fastest way to get back on you feet again, and you must have a trustworthy vehicle to get to and from work each day. To this end, obtaining the right car loan can be the first step towards creating a new financial future.

4 Mistakes Car Buyers With Bad Credit Make

There are benefits to bad credit car loans. For one, you can buy a car when you have low credit. You can also boost your credit score. Once you qualify for a loan, the next step is shopping for a vehicle. It is a major step, and there are some precautions you must take. There are missteps buyers make that cost them money. Below are the most common mistakes – and how you can avoid them.

Signing Documents Without Reading Them

The paperwork for a loan may contain unfamiliar information. Read the document and ask questions. If you sign without reading, you may be agreeing to terms that may cost you extra money or even worsen your credit score.

Taking the First Deal

Generally, bad credit car loans have higher interest rates. Still, it is best that you shop around for the best deal. Check with at least three dealerships and ask them about their interest rates. You can find a dealer with lower rates. This will save you a lot of money.

Adding Extras to Your Car

You can get all kinds of extra features for your car. While it is tempting, it is best to avoid them. These features add hundreds or thousands of dollars to the sales price. Stick with a quality car that is equipped with what you need. This way you can avoid monthly budget-busting car notes.

Making Payments at the Car Lot

There are car dealerships that require that you make payments at the lot. These dealers don’t report to the credit bureaus. Buy your car from a dealer or finance company like ours who reports to credit agencies. When you make payments on time it will increase your credit score.

Bad credit car loans help people buy vehicles. Like any loan, it is always best to do your due diligence. You are getting your finances in order. The last thing you want to do is make a mistake that causes you more stress and financial hardship.

GETTING YOUR CAR FINANCING CONTRACT

So you finally found your dream car. For most people, just putting down cash is not the best or most sensible option. Even if you have sufficient funds available, emptying your savings account may not be your best option. As such, you will turn to exploring financing options. Before you become mired in the vast array of choices and confusing jargon, consider pursuing your financing with us.

We offer competitive financing rates, with several options available. Our knowledgeable and experienced financing professionals are here to guide you through every step. We are here to answer any questions you may have. With us, you do not need to fear fine print and unrecognizable legalese – our financing experts will outline everything in clear terms

Our streamlined application and approval process ensures that you get your financing quickly and without hassle. Instead of waiting days or even weeks for your loan to be approved and for the paperwork to come through, you could be driving off in your new car that very same day.

Available to you is a range of rates and terms so that you can obtain the financing arrangement that is most suitable to your lifestyle and financial position. Our professionals will listen to you and go the extra mile to ensure that your needs are met. We periodically offer discounts and special programs, so be sure to ask our representative to tell you about those.

Together with our financing program, we offer the inclusion of items such as extended warranties, extra rust protection, alarm systems and insurance options. If you are interested in obtaining any of these, they can be included in your financing. Talk to our professionals to find out which options are best for you.

At Trillium Car Loans, financing is available to you on great terms, with many options to choose from. Our financing experts will be there for you every step of the way and will do everything to make sure you are happy with your contract.

Why You Can Get a Bad Credit Car Loan Even If You Have Very Bad Credit

Even if you have very bad credit, you still may be able to get a bad credit car loan. A bad credit car loan is possible for all people, depending on whom they approach and how much money you are looking to borrow. In order to get a bad credit car loan, it is important to first understand exactly what you need to know about bad credit car loans.

What is a Loan

A loan is an amount of money that you will borrow. This amount of money will need to be repaid to the lender in a timely manner that is pre-determined based on the terms of the loan arrangement. The amount of the loan and the loan interest rate will also depend on your credit history.

Why Credit Is Important

Your credit history provides insight into your past financial responsibility and track record. If you can prove that you have been able to pay off your loans in a timely manner and as promised, then chances are greater that you will be able to get a car loan. However, even if you have bad credit, you should still be able to get a car loan.

Interest Rate

The interest rate is an amount of money that will be based on the percentage of the entire loan. This interest rate will usually be somewhere between six and 20 percent, depending on your credit history. Interest rates are an additional fee that you will have to repay to the lender in addition to your monthly principal interest payment. The better your credit history, the lower your interest rate.

Think About the Loan Amount

If you have a solid credit history, chances are good that you will have a lower interest rate and a higher loan amount than if you have bad credit. However, just because you have bad credit doesn’t mean that your situation is at all hopeless. Sure, you may have to pay a little higher interest rate and you may not be able to take out a large loan.

But, if you take out a loan and are able to repay it in a timely manner, than you will begin to improve your credit so that down the road, when you want to take out a loan again, you have a better credit history.

Contact us for more information about how you can get a bad credit car loan with us today!