Just about anyone can qualify for a bad credit car loan, no matter what a person's credit history or current credit score is. In order to get a car loan when you have bad credit, there are some things you need to know that can help you get the lowest rate and highest amount of money possible.
Here's a brief overview of what you need to know in order to get a bad credit car loan:
Understanding a Loan. When you approach a loan officer, it is important that you demonstrate to the loan officer that you understand what the terms of a loan are. Essentially, a car loan is money that is borrowed from the lender.
That money will need to be returned to the lender over a predetermined period of time. Because the lender needs to make a profit on the loan in order to stay in business, the lender will charge an interest rate for the loan. Therefore, be sure that you are comfortable talking about interest rates with the loan officer when you sit down for a chat.
Two Minute Application
Quick, easy and secure credit application. This is the first step in rebuilding your credit and getting the vehicle you want.
Choose Your Vehicle
Loan Doctor has access to thousands of cars, trucks, vans and SUVs across the country. We finance all makes and models!
Congratulations on your new car! Loan Doctor will continue to work on lowering your interest rate even after you drive away.
We know you would rather spend your time out looking for a new ride and taking a few test spins around the block than finagling the fine points of car financing in Kitchener-Waterloo. At Loan Doctor we can help you apply and get approved quickly so you can turn your attention to the more pressing matters at hand. The first thing you can do to get the ball moving is to fill out the application on our website.
It is safe, secure and you can do it from the comfort of your kitchen table. You can expect your app to be reviewed that same day and you will be contacted with 24 hours. A loan specialist will explain your options and answer your questions, getting you out on the road in no time!