Bad Credit Car Loan

BAD CREDIT CAR LOAN


Topbillin Auto Sales provides bad credit car loans Toronto and used car loans for bad credit. used car loans for people who have bad credit, bankruptcy, or no credit at all. We can help you buy a dependable used car, truck or mini-van, and arrange monthly car payments that make sense to you regardless of your bad credit. We believe car buying should be fun!

We offer special used car loans for people with bad credit. 

There are lenders that specialize in car loans for people with bad credit. These lenders have minimum requirements that borrowers must meet and Topbillin Auto Sales can help you find them.  At Topbillin Auto Sales, we have helped thousands obtain a bad credit car loan.  We do this by evaluating your current situation and putting less emphasis on your credit score history. We will carefully match each person needing a bad credit car loan with an appropriate bank or lender.

You can expect that banks that specialize in bad credit loans will have minimal income requirements. Factors such as your total income, how secure your income is, how long you've been employed at your current job, and how long you've lived at your current address are very important. In general, if you have been employed for less than 14 months, you can expect that the bank or lender will want to see information regarding your previous employment as well as your previous home address. 

Topbillin Auto Sales is the place to turn for people with bad credit who want and need a car. You might think that it is not possible to buy a car if you have anything short of spotless credit, but this just isn't the case.  Even people with bad credit are able to apply and get approved for a car loan.

The good news is that having bad credit doesn't mean you have to forget about having a car, our company can make the process of finding the right car loan for you easy and secure.  Information is power, and having the right information can save you money when trying to apply for a bad credit car loan.   Check out our website, apply online by filling out a car loan application, and you will soon find yourself behind the wheel of a new car. Yes, it is that easy!  

Bad Credit Car Loan:

A car with bad credit, just like any other car, will give you the ride you want. Okay, they might not be served on a platter but if you need a car.... but they are worth the ride. Customers suffer from bad credit circumstances do not mean they are bad people. It only means things happened! And every loan lender that is providing you with bad credit car loans do understand that. With car loans for bad credit you not only get the car you want there are added surprises on the runway.

Chances that you are getting Bad credit car loans are extremely bright. Banks, credit unions, finance companies all are providing loans for bad credit. People who would not qualify for bad credit car loans just five years ago can now easily meet the criteria.

When a borrower has bad credit, it will be a good start to begin with credit report. Every borrower is assigned credit score based on his performance with previous loans. It is a three digit number that most of the lenders use to evaluate the risk while lending you car loans. Each one of the credit bureaus - Equifax, Experian and Trans Union will have a copy of your credit report. Most lenders use Fico score which ranges from 300-850. Fico score 580 -500 and less means bad credit. This means you are heading for bad credit car loans. Now knowing your credit score is important for many lenders can take advantage of your ignorance.

Okays, assuming that you do know your credit score - let's talk about bad credit car loans process. There is not much difference, yet there is a significant difference. Interest rates and down payment is the place where real difference shows. Interest rates with bad credit car loans will be higher as is the case with any bad credit loan. So there is no escaping that. Interest rates for Bad credit car loans would vary with credit score and will range from 5%-29.5%.

Down payment depending on the severity of the bad credit can range from 20%-50%. Bad credit car loans are short term loans. A down payment is a good way of negotiating bad credit car loans interest rates in your favor. Even small down payment can open some seriously good options for bad credit borrowers. Bad credit loan term will range from 2-5 years. Extending it further won't be beneficial in financial terms.

Not every loan lender will be offering bad credit car loans but there are lenders who are ready to take the risk. You will find many lenders offering bad credit car loans. Therefore, it becomes necessary for you to search. There are many lenders who would make false claims. Look around for interest rates and terms offered. Compare the various bad credit car loans and then opt for the best one.

The best way to protect your investments is knowledge. An uneducated lender will always pay more for bad credit loans. First know the real cost of the car you want to purchase and add the dealer's profit. This will be the bad credit car loan amount you will be applying for. Make sure you can afford it. Just because you can get bad credit car loans doesn't mean you have to take it. If you have hesitations regarding repayment refrain from borrowing until when financial condition is better.

With Bad credit car loans there is an added benefit. Bad credit car loans are a great tool to rebuild credit. If make no faults with your bad credit car loans then they can actually improve credit. Your performance with bad credit car loans is bound to shine in your credit report if it is good.

Many borrowers who think that with bad credit they have no options and have to take whatever they are offered. This of course is not true. There are many options available with bad credit car loans. Therefore look around carefully. You will find that the search is worth it. You will save a lot in the long run. Plan ahead when you are looking for bad credit car loans and you are bound to find a bad credit car loan that places you behind the wheels you want.





Contact

Topbillin Auto Sales

2-7855 Keele St
Directions Vaughan, ON L4K 1Y6

  • Sales: 1 (888) 699-3049

Hours

  • Monday 9:30 AM - 7:30 PM
  • Tuesday 9:30 AM - 7:30 PM
  • Wednesday 9:30 AM - 7:30 PM
  • Thursday 9:30 AM - 7:30 PM
  • Friday 9:30 AM - 7:30 PM
  • Saturday 10:00 AM - 5:00 PM
  • Sunday 12:00 PM - 4:00 PM