At YourJobisYourCreditCarLoans.com, we works with car lots and auto dealers in all 50 states who regularly approve financing for people with problems such as:
- Sub-600 Credit Score
- Past or Current Bankruptcy
- Past Repossession
- Past Auto Loan Delinquency
- Home Foreclosure
When you apply for auto loan preapproval through our online system, our software engine matches your unique credit profile, income, down payment, and location in real-time against available lenders who may be willing to extend you credit to finance a used car, truck, or SUV. Our network of car lots and lenders spans all 50 states — one of the largest and most comprehensive networks of its kind. In effect, our service does much of the legwork required to get approved for a car loan.
What to Expect at a Your Job is Your Credit Car Lot
If you’ve been turned down for financing before, finding a car lot willing to extend you credit can be a truly exciting discovery. After all, here is your opportunity to get behind the wheel of a new car. As always, you’ll be more comfortable with the process if you know what to expect.
- The Payment Discussion Comes First — how much you want to pay for each installment is typically the first and foremost topic of negotiation, and your car payment amount largely decides which vehicles on the lot you will be able to finance.
- Payments Could Be More Frequent Than Monthly — the managers of some Your Job is Your Credit car lots require payments on either a weekly or twice-monthly basis, whereas most traditional lenders only require monthly installments.
- Putting Money Down is Best — if you can make a down payment of 10-20%, you will put yourself in a much better position both in terms of building equity in your new vehicle and minimizing your car payments. Some lot pros claim that $2000 is the magic number, but this is more than 20% of the average vehicle sold on such lots. It’s best to avoid “pick-up payments,” which are lump amounts typically required at the 6 month and 1 year mark to make up for lower payments made throughout the rest of the year. These can be a problem, as having such funds available may be problematic, even if it seems like you have plenty of time to save up the requisite amount.