Do you want a new car but have bad credit? One fast way to raise money regardless of your credit score is to take out a title loan with Car Capital Financial, a leading title loan company in Southern California. We will lend you thousands of dollars based on the value of your car, giving you enough cash to buy a new one!
Call us at 1-888-500-9887 to get your loan and the cash you want now!
And if you’re still considering your options read on to find detailed options and solutions for getting low interest car loans for bad credit:
How to Score Auto Loans with Bad Credit:
Just because you have bad credit doesn’t mean you can’t still get a good deal on a car loan. Traditionally car loan lenders are reluctant to lend to bad credit holders because they worry they will default on the loan and as a result if they do award them with a loan they often charge higher interest rates . However, there are some ways you can work around this and still get a great deal, and some of these ideas include:
1. Go Through a Specialist Company
There are some car loan companies out there that specialize in awarding auto loans to bad credit holders and as a result they may charge you lower interest rates than what you’d get through a traditional auto loan company. A quick online search will reveal a ton of specialist bad credit auto loan companies so be prepared to contact as many as you can and shop around for the very best deal.
2. Consider a Title Loan
As earlier mentioned, a title loan is an excellent way to raise cash fast if you already own a car in full or only have a few remaining payments left. A title loan works by awarding you money based on the appraised value of your car, which you are then free to spend on whatever you want – which absolutely includes buying a new car! In return the title loan company will temporarily own your car’s title, however you are still free to use and drive your existing car as you repay the loan. Once you have repaid the loan in full your title will be returned back to your name. To get a low interest title loan, make sure you know upfront what the interest rate will be before you take out the loan, as this should help you repay your loan more easily.
To get a title loan today, call Car Capital Financial at 1-888-500-9887. We specialize in delivering same day requests, reliable title loans to our customers in a matter of hours. You could get the money you need for your new car as soon as today, so call us now!
3. Explain Your Poor Credit Situation
If you have a bad credit score because of a sudden financial emergency or despite your bad score you still own considerable equity (such as have significant equity in your house) you should explain this to each car loan company you deal with. If you can demonstrate that your poor credit score is only a recent and temporary development and that you’re taking active steps to recover your score to what it once was, a car loan lender may be more than willing to give you a decent or even low interest rate on your loan. There’s no guarantee that this strategy will work, but it’s worth a try.
4. Take Out A Large Auto Loan
Generally speaking the larger the loan the lower the interest rate, as the loan company wants to drag out your repayments and accrue as much interest for as long as possible. As a result, it may be best to take out a larger auto loan to get the best deal on interest. This will mean putting less money down but it may also mean you will be able to get a low interest auto loan.
5. Improve Your Credit Score
At the end of the day, the easiest way to get a lowest interest car loan is to have a great credit score. If yours is lacking, you may want to simply put off getting a car loan for as long as possible to give you enough time to rebuild your credit score. Simple and fast ways to boost your credit score include always paying off at least the minimum payment each month, stop putting as much on your card on a month to month basis and of course try to pay all of your balance off as fast as you can.
Car Capital Financial
At Car Capital Financial we don’t care about your credit score and the interest rate on your loan won’t be affected by it whatsoever! We have been providing title loans to Southern California residents for over 15 years. Our loans help people get the money they need fast, often in a matter of hours and sometimes as fast as half an hour! Title loans are issued based on your ability to repay the loan.
To get your money today, call 1-888-500-9887!