7 Comments

1. Doug Dwyer says:
   September 12, 2010 at 6:11 pm

   So far, this is my best recommendation: http://www.topcarleasedeals.com/

   You can easily request a loan with really bad credit and they will give you best options. Good Luck!
2. Charlie T says:
   September 12, 2010 at 7:07 pm

   You really shouldn’t give out the information necessary to get a loan over the internet. I don’t highly recommend it, but with really bad credit and you really need a car go to a buy here pay here lot. I wouldn’t recommend applying for a loan on line at all.
3. n says:
   September 12, 2010 at 8:05 pm

   Avoid websites, most are just lead services and/or scams.

   Your expectations are not just unrealistic, they are absurdly so.

   REALLY BAD CREDIT means you have proven you wont pay. Nobody with a brain would lend to you on decent terms.

   Here is how buy here pay here car dealers operate

   You will often get a car that is worth (At wholesale) not much more than your down payment yet you will owe many thousands more plus a high rate of interest.

   For example, if you put $800 down, you might get a car with a wholesale value of $700-1200 and your balance to be financed will be $3500-3900 or more. Plus interest at 21-29%.

   On somewhat nicer stuff, say $1500 down, you might get a $2500 wholesale unit
   Yet owe $5900-6900 more plus interest. And at 21-29% that interest can REALLY add up.

   Most cars are sold as is. Any “service contracts” they sell are usually worthless too.

   More often than not, the car will break down sometime before its paid off and many buyers stop paying. The dealer repos it and reports the repo on their credit which ensures continued bad credit for another 7 years.

   So, TRUST me when I say your best bet is to save up $1200-2000, shop around for a really good deal from a private party, have an independent mechanic check it out only AFTER you are sure you want it and have agreed on a price. Then have him make sure its a good car.

   There is no such thing as a “good deal” at a buy here pay here car dealer.

   If you pay as agreed, you are making up for all those who do not.

   And BHPH dealers often know nothing or do nothing to their cars. They go from Auction to their lot to you. They have no idea whats wrong or might go wrong soon. And they don’t really care.

   With bad credit, you simply cant afford to borrow….for ANYTHING.

   Really, the dealers aren’t to blame. They have to charge what they do to make the business viable.
4. Ali says:
   September 12, 2010 at 8:51 pm

   http://www.horseshoefinancial.com/
5. Monica Brown says:
   September 12, 2010 at 8:54 pm

   Hello,am Monica Brown .Sometime ago i was a need of a loan to transact a business i ran to my bank to take up a loan but they refuse to grant me because of my credit check,so a friend of mine introduce me to a legit lender that she got loan from sometimes ago at first i was scared but i decided to give them a trier to my greatest surprise my loan was approved an transfer to my bank account without any form of cosigner,collateral,debit check with 2 percent rate,so i will advise anyone at there that need a loan to contact them via this email,tomlinkslonfirm@yahoo.com
6. Jeremy Kates says:
   September 12, 2010 at 9:06 pm

   You don’t want to go to a buy here pay here. If you make at least $1800 a month, you can get approved most of the time. Buy here pay here is like renting a car by the week. Make it the very last resort.
7. sarahsmile90 says:
   September 12, 2010 at 9:23 pm

   Be careful when applying for an auto loan on-line. You can trust a companies trustworthiness out at rankings.com.

   Some good sites for bad credit auto loans are:
   http://www.autocreditexpress.com
   http://www.fundingway.com

   Good luck.