Feedback
Bad Credit Car Loans

Facing trouble with loans for people with bad credit? Try refinancing:

If you had gone for bad credit car loans, you might have to go through a lot of trouble to refinancing options. These car loans might be helpful at times of need, but, have really high interest rates. You will have to pay very big amounts as EMIs each month. If you are suffering from bad credit, or, are recovering from bankruptcy, arranging such large sums of money every month might be very difficult for you. Thus, you should try to get your loan refinanced. This way, you can save a lot of money, and, can maintain the ownership of your car.

What is the need for refinancing car loans?

If you have been bankrupt recently, or, have poor credit history, you will have no other option than to go for bad credit loans with high interests. But, you do not have to continue the deal for too long. The good thing about these loans is that, as you go on paying the EMIs within the stipulated periods for some time consistently, your car loan credit score will keep improving. As soon as the score is decent, a whole new world of loan opportunities will open up for you, and, you can get a refinance option at much lesser car loan interest rates.

Advantages of refinancing bad credit car finance:

The interest rate for a refinanced option might be as low as 7%, whereas, the interest for bad credit loans can be as high as 21%. Thus, the total amount of interest you will need to pay in case of bad credit is much larger than the amount you will need to pay after refinancing. Hence, you will be able to save a lot of money in terms of car loan rates.

Be Sociable, Share!
  Finance Calculator  
Loan Amount
Repayment Method
Over
Depending on your credit profile, it will cost you per month;
  • Excellent Credit
    $ 0
  • Average Credit
    $ 0
  • Poor Credit
    $ 0
Representive APR 1.99% *See representative example For illustrative purposes only, depending on your circumstances
Quick tip
   
  Did you know ?
   
  Did you know ? That by applying for a car loan online you can be in total control of your buying decision when you arrive at the dealership.
   
   
 
Orange Arrow Calculate your Car Loan Payment
Orange Arrow Free Car Loan Application
   
YOUR SUCCESS STORIES
couple2
   
  Last Week I didn't have a car , was feeling down about my relationship and didn't really see the light at the end of the tunnel. That feels like an eternity ago A big thank you to Tony who helped me with the the entire process.
Jason L. Detroit, Michigan
   
 
Orange Arrow Easy Car Loan Application
Orange Arrow Car Loan Payment Estimator
SPEAK TO A REAL PERSON
   
Phone Icon Speak to a Auto Loan
Specialist Today


Toll free 1 (800) 219-4354
  Customer Service