Car Lot Finance

Bad Credit Auto Dealers

Given the current economy, bad credit auto dealers are one way to get back on your feet and establish a safe and paying line of credit. Many people across the country, and in the Charlotte NC area in specific, lost their jobs during the economic downtown and recession; while parts of the country are slowly recovering, not everywhere and not everyone has been able to do so. What happens to that person when disaster strikes and something happens to their car? Almost everyone in the country commutes, in some fashion, to work – how are you supposed to support yourself without a car, and given bad credit, cannot get a loan from a brand name car dealership?

Bad credit auto dealers are a collection of used car dealerships in the Charlotte NC area that are able to be searched on Car Lot Finance LLC’s website. These dealers offer a service known as secondary financing where, as opposed to primary financing through a bank – with their own rules and underwriters, the dealership itself is the one offering the loan. The entire point of a ‘buy here pay here’ style dealer is to help you repair your credit score by offering assistance in getting back to financial security. In addition to offering credit advice on how to repair your score, the loan itself – as long as it is paid, will help because of having a paying account.

Prior to coming to any of the bad credit auto dealers, there are a few things to be aware of; the first being that you will need a down payment of anywhere from five hundred to almost three thousand dollars, depending on how bad or good your credit score is and how expensive the car you want is priced. The dealership will need to see proof of residence, proof of income, and your Driver’s License, as well.

An additional thing to consider is checking how each of the bad credit auto dealers accept payment. Some have options to pay via their website or through the telephone, while some can let you make a payment in cash at their physical location. This gives you the flexibility to find a way to make payments that work for you and let you inch ever closer to owning your car and having a paid report on your credit score. Furthermore, a thing to consider is asking if the dealership actually reports individual payments, as nota l of them do, but the ones that do will show a benefit to your credit score.

Use the search engine today, and find which of the bad credit auto dealers best suits your needs!