Getting a bad credit car loan does not have to be the chore or the impossible task that some people think it is. In fact, many of our customers tell us that they are so embarrassed by their bad credit situations that they have been hesitant about coming in to apply for a car loan.
We have one thing to tell our customers with bad credit: come on down; you won’t be disappointed!
We offer bad credit car loans for our customers that need them. And if you think you’re alone with your bad credit, you’re not. Many of our customers have bad credit and are still able to get affordable car loans.
Whether you are shy about your bad credit or not, one of the most convenient and easiest ways to get your bad credit car loan is to start by completing a credit application online. Here’s what you’ll need to do if you want to get started with your credit application online:
First, visit the section of our Web site where we have the credit application. This is a secure section of the site, so you should feel comfortable inputting your personal information without worrying that it will get stolen online. Of course, if you do not want to complete the online application, you’re also welcome to visit us in person to fill out a credit application at the dealership.
Next, you’ll need to speak with a fiance specialist about options that are available to you. Even if you have bad credit, we work hard to make sure that you have several loan options to choose from so that you get the best possible loan for your needs. We’ll discuss your options after we review your credit application. If we receive your application over the internet, we’ll contact you to discuss these options.
Choose the right option for you. After speaking with a fiance specialist about your options, you’ll have a clear picture of what your budget is and you’ll have an easier time finding the right loan for your needs. Therefore, we recommend that you tell us everything that’s on your mind when you apply for your loan and have your initial meeting with the finance specialist.
To get started applying for your bad credit car loan either online or in person, contact us at today!
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 with us.
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. 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, 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.
If you are looking to get a car loan in Northern Ontario, but have bad credit, we’ve got some news for you: you still qualify for a bad credit car loan. It’s important that you get as much information as possible about car loans before taking out a bad credit car loan, so we’ve assembled 8 facts about bad credit car loans that can provide you with a general overview. Contact for details about bad credit car loans or for more information:
1. Everyone qualifies for a bad credit car loan with us – even if you have had a bankruptcy or have no credit at all. All of our customers should have equal opportunities to finance their car purchases, so we won’t turn anyone down from a bad credit car loan.
2. You have options. We will offer several options to each customer so that the customer can select the right bad credit car loan package that’s right for their unique needs.
3. You can get a bad credit car loan for a used car, or a used truck or minivan. Our car loan program is designed to help you by any used car you’d like.
4. It often takes people several years to repay their bad credit car loans. Speak with our lenders to determine exactly what type of loan program you will use. Your choice of loan program will determine the duration of the program.
5. You may pay a higher interest rate for a bad credit car loan than someone with good credit. However, because of the options that we provide, you should be able to find a bad credit program that suits your particular budget.
6. You can always refinance your bad credit car loan. As long as your repay your car loan and rebuild your credit, you will have the option of refinancing your bad credit car loan down the road. Contact us for details.
7. You can apply for a bad credit car loan online using our secure credit application.
8. It’s recommended that you complete a credit application for a bad credit car loan prior to looking for a car. By completing the credit application, you’ll know more about how much money you’ll be able to spend on the car. Therefore, completing the car loan application is the first step for many customers.
Contact us today to learn more about bad credit car loans and
Owning a car is a real luxury in life. Unfortunately, it is one that comes at a cost. Vehicles are not cheap and this can make it very difficult for some consumers to afford them. While it might seem like all hope is lost when you discover that you’re not able to afford the ride of your dreams, it is important to keep in mind that there are some options available to you. Bad credit car loans exist for exactly this reason.
This is a type of loan that can help you to get the car that you have your eyes on. Before you rush out to sign up, it is important to learn a little bit about how this financing option works. Essentially, bad credit loans are structured for borrowers who do not have the best credit. Many lenders deny loans to potential borrowers with bad credit but this option is very different. By choosing this type of loan, you can get the money you need to buy a vehicle and make your life easier.
While this is an excellent choice for people who do not have great credit, it is important to keep a few points in mind. Bad credit loans often have high interest rates attached to them. This can be frustrating but it is one of the only ways that lenders are able to afford being able to supply this loan option. To keep your payments manageable, be sure to put down a sizeable payment in advance and you are likely to see lower monthly payments to follow.
Getting behind the wheel of the car of your dreams is a difficult goal to achieve when your credit is in bad shape. While it might be disheartening, there are ways around this issue. Take a look at your credit score and see if you are in a good place. If not, consider how you can get the best results with loans structured for buyers with bad credit.
If you are looking to buy a used car, chances are good that you will need to have a car loan in order to buy the car. We specialize not only in selling top-quality cars at affordable prices, but also in making sure our customers have affordable car loans in North Bay that make buying the right car easier than ever! If you are looking for a car loan to go along with your new or used car, here are a few things we want you to know:
How car loans work
It’s important that you understand how car loans in North Bay work before you take out a car loan. A car loan is an amount of money that a lender will lend you. That money needs to be repaid. Car loans generally come with interest rates. An interest rate is a percentage of the total car loan that is charged to the borrower in exchange for the loan. Interest rates vary based on the lender, economy, and the borrower’s credit history. The interest rate can also vary based on special deals that are currently going on here at Drive It Now.
Car loans also last for a longer period of time. You may take out a car loan to buy a car this year and still be repaying the loan in five years. Therefore, it is important that you are comfortable with the amount of the car loan – and that you are prepared to make that long-term commitment to repaying it.
Complete the credit application
Before you can get a car loan, you need to give the lender some important information about your financial situation and credit history. The way to get this information quickly is to complete a credit application. The credit application will allow us to run a credit check on you, which will help us to learn more about your spending habits and history, which will then help us to establish a loan program that is just right for your financial needs.
Speak with a lender
Once we have a general idea for what kind of car loan in North Bay you may qualify for, we will be able to advise you as to which loan options are right for you. It is then up to you to select the loan option that you are most comfortable with.
We look forward to helping each of our customers get the right loans for their needs – right when they need them. Speak with us today for more details about how to apply now!
At Drive It Now, we are proud to be able to offer car loans in Northern Ontario to all of our customers. Some of our customers come to us with excellent credit and qualify for very low interest rate loans. Other customers come to use with bad credit and qualify for competitive car loans that suit their overall financial needs. However, we are proud of the fact that we do not turn down any of our customers that come to us looking for car loans.
The question that we sometimes get from our customers is “how can you afford to give car loans to all of your customers.”
Here’s our answer: We believe that all of our customers should be able to receive a car loan if they need it. After all, not everyone has loads of money that they can spend to buy a car with cash. Therefore, we have a philosophy that we will partner with our customers in order to ensure that they are able to get a car loan that makes it possible for them to afford to buy a car.
Car loans are possible for everyone. However, the type of car loan that our customers qualify for may vary based on the credit history and their needs. Therefore, the first step that our customers need to take in order to get a car loan in Northern Ontario is to complete a credit application. From the credit application, we will learn more about their current financial situation and about their credit history.
We use a series of equations and formulas to determine what interest rate and loan amount our customers qualify for based on the information that they provide to us on their credit application. With this information in mind, we will meet with each customer to discuss their practical needs, which may include a real-life budget or other concerns that our customers have about their ability to afford to repay a loan. By speaking with us candidly about their financial situation and concerns, we are able to tailor a loan program that our customers are truly able to afford.
The best part about getting a car loan through us is that we can work with your budget as we determine which cars might be best for you. We not only understand your lifestyle needs, but also your financial needs and will make sure that they are both addressed adequately.
Contact us today to get started getting the best car loan for your needs and lifestyle.
If you’re a teenager, you want to buy your first car as soon as possible. However, even if you’ve looked at tons of used cars and feel confident you’ve found the one you absolutely love, it’s extremely important you consider the financial side of things before you come in to see us to make a purchase. Here are a few tips for saving up for your first car successfully.
Calculate How Much You Need
The first step in saving up for your first car involves figuring out how much you need. It’s important to remember that this doesn’t just include your monthly payment. You also need to factor in the cost of gas, insurance, regular oil changes, maintenance, and more. Then, figure out how much your income is every month and how much you can set aside for your first car.
If you aren’t planning on paying for the car all at once, determine how much you can spend on a car payment every month. Then, figure out how much you can spend on a down payment. Typically, it’s a good idea to put at least 20 percent down on a vehicle loan.
Find Ways to Save a Little Extra
Now that you’ve figured out how much you need to save to buy your first car, it’s time to start the actual saving. If you don’t have much of an income, try getting a job or doing things on the side for your friends and family members. For instance, you might try babysitting for a neighbour on the weekends. You may also want to think about cutting back on things you don’t really need, like eating out and going to movies.
When it comes to saving up for your first car, it can be done. You just have to be patient, be diligent, and make smart decisions as you get ready to make this important purchase.
When you are looking to buy a car, but you have a history of bad credit, it can seem like your dream is over before it has had a chance to begin. Luckily, there are plenty of options available out there for those who are looking to buy a car but do not have the credit that they wish. One way to do this is with poor credit auto loans. Taking out this type of loan can help you get behind the wheel of the car that you wish in practically no time at all. There are a few things to remember when you are considering this type of financing.
Taking Out the Loan
The first thing that you need to keep in mind is the amount of the loan itself. The size of the loan will be determined by several factors. The price of the car itself can make a huge difference, so if you are looking at a car that is not within your reasonable budget you can expect higher payments over the course of time. The duration of the financing plan will also change what you can expect in payments. The shorter the timeframe, the higher the payments. Sit down and create a reasonable financial plan in order to make the best decisions for your poor credit auto loans.
Making the Payments
As with any loans, making consistent payments in a timely fashion is a wise idea. How you make the payments is entirely up to you. When you make larger payments each month, you will be done paying off the car in a much quicker fashion. However, if you can only afford a specific amount each month, it is better to stick with whatever payment you can afford that meets the monthly requirement so you can get your credit in better shape. No matter how you choose to pay back the loan, it is important to stay on top of your game throughout the process so that you do not miss payments or harm your credit in any way.
When it comes to car loans, you might ask yourself whether or not you’re ready for them. You want that new or used car but you aren’t sure about whether or not loans are for you. For many people, leasing a car can be a life saver. It allows you to have the money right then and there to pay for a car without waiting. Most people find their payments easy to live with also. However, if you’re about to finance your car, it’s important to follow these three steps before you dive in.
Choose a Lender
When it comes to choosing the right lender, it’s important to do a little research. Many people choose to use the dealer as their lender. This is great, especially if you’re purchasing a car at the last minute. While you may be stuck filling out paperwork for a long period of time, at least you can get the loan as soon as possible.
Make a Budget
Before any large purchase, it’s imperative that you have a budget. The last thing that you want is to be unable to pay your bills. When it comes to a new car, the inability to pay can have it taken from you. The car is in your possession for a reason, it’s best to make sure that you have the money to pay for it and to take care of it if anything were to go wrong.
Trade-In or Down Payment
There are two different ways to approach car loans. Sometimes, you will be able to trade your old car in for a newer model. When this happens, your loan payments will be lowered due to subtracting the price of your other car from the newer model.
Car loans don’t have to be complicated. If you’re looking to finance your car, make sure to figure out who you want to lend from, what your budget is and how you plan to pay for it.
Car loans can be scary prospects for someone that has never been in debt or owned a car. At Drive It Now we do our best to make first time car buyers feel at ease with the process, and our lenders are some of the best in Canada. We can cater the loan terms to fit your situation and help you get into the vehicle that you need for your daily commute or weekend jaunts into the wilderness.
Credit should not be an obstacle when it comes to shopping for the car that you need. Our trained professionals work as a team to provide you with the best experience and the best vehicle possible. Our salesmen will listen to your needs and match you with the right car, while our lenders will help you with a loan that will assuage any doubts you may have with regards to affording the vehicle. Count on us to work with you whether you have bad credit, mediocre credit, or a perfect score.
The loan process is one that has become common place at most dealerships across Canada. It allows one to get into a vehicle that isn’t immediately available to them because of price barriers, but that may be necessary for them to get and keep a job or to enjoy the great outdoors to the utmost. Borrowing money and responsibly paying off the debt is the best way to build one’s credit. We are proud to help people build their credit with car loans and to help people become more mobile in the vehicle and manner that best suits them.
Fear not the uncertainty of debt. Let the lenders and our friendly staff be the solace you need as a new borrower or car owner. Comfort in your financial and vehicular decisions can be assured when working with us as we work with you to build connections between the buyer and the road and the great country of Canada.