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The Top 4 Sources of Bad Credit Auto Financing

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Information about The Top 4 Sources of Bad Credit Auto Financing
Finance

Published on January 29, 2009

Author: badcreditchannel

Source: slideshare.net

Description

Looking for a bad credit car loan? BadCreditChannel.com presents our editor's picks of the top 4 bad credit auto loan providers including Web2Cars, DriverLoans, DriveTime and Barnone.
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Bad Credit Auto Loans The Top 4 Sources of Bad Credit Auto Financing Updated January 27, 2008 Presented by BadCreditChannel.com Bad Credit, Not Bad People

The Top 4 Sources

of Bad Credit

Auto Financing

Updated January 27, 2008

Presented by BadCreditChannel.com

Bad Credit, Not Bad People

Web2Carz Pros All credit types are welcome including individuals with no credit, bad credit and/or bankruptcy. Access to a large network of car dealers and lenders New, used, and rent-to-own car programs Site includes new and used car inventories Cons Relatively new company

Pros

All credit types are welcome including individuals with no credit, bad credit and/or bankruptcy.

Access to a large network of car dealers and lenders

New, used, and rent-to-own car programs

Site includes new and used car inventories

Cons

Relatively new company

BarNone Pros Fast, easy to complete online car loan application Very large network of participating car dealers BarNone is a well known, established company (As seen on TV) Fast response High rate of car loan approval Cons Some participating dealers do not work with individuals who have filed for bankruptcy in the past 7 years.

Pros

Fast, easy to complete online car loan application

Very large network of participating car dealers

BarNone is a well known, established company (As seen on TV)

Fast response

High rate of car loan approval

Cons

Some participating dealers do not work with individuals who have filed for bankruptcy in the past 7 years.

DriverLoans Pros ALL credit types welcome. Bankruptcy’s OK Nationwide network of affiliated car dealers specializing in subprime financing and second chance car programs Fast response after submission of online application . Cons Minimum income required To learn more visit the DriverLoans website .

Pros

ALL credit types welcome.

Bankruptcy’s OK

Nationwide network of affiliated car dealers specializing in subprime financing and second chance car programs

Fast response after submission of online application .

Cons

Minimum income required

To learn more visit the DriverLoans website .

DriveTime Pros Very high approval rate In-house financing (buy here pay here model) Work with individuals regardless of credit as long as minimum income standards are met Accept online applications Cons Used cars only Limited to dealer’s current inventory Available only in the following states: AZ, GA, NM, TX, NC, FL, CO, CA, VA, NV. (See list of DriveTime locations )

Pros

Very high approval rate

In-house financing (buy here pay here model)

Work with individuals regardless of credit as long as minimum income standards are met

Accept online applications

Cons

Used cars only

Limited to dealer’s current inventory

Available only in the following states: AZ, GA, NM, TX, NC, FL, CO, CA, VA, NV. (See list of DriveTime locations )

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