A Whole Range Of Bad Credit Car Loans
New Leaf Auto Finance is the premier auto lender for bad credit car loans as well as good credit auto loans in British Columbia. New Leaf Auto Finance will get you and your family the right automobile finance product without the headaches should you have a good credit rating, a bad credit score, or no credit at all. It’s what our specialty is and what we and take great pride in. NLAF features poor credit car loan programs for good people who just happen to have bad credit. The days are gone that a bad credit score would be a judgment against you, and acquiring less-than-perfect credit car loans was a difficult experience. This is one of the best times to combine a bad credit loan product to improve your bad credit history and get a fresh start. New Leaf specialty financing delivers customized auto financing solutions for new and used auto loans in addition to bad credit auto loans for people with a bad credit history.
A Car Loan With Bad Credit
A direct auto loan is where a bank gives the loan directly to a consumer. New Leaf will act as your broker throughout the process to get you the best deal possible both in the term of the loan as well as the interest rate. A lending institution is only going to enable you to borrow a specific amount of money based on all of your credit factors, so you need to look for a used car loan that is a wise choice financially. Unlike a home loan or a car loan, a personal loan is unsecured, meaning that you are offering no collateral to secure the loan, and they are tough for anyone to get, much less someone with less than perfect credit. Once we help you get pre-approved for a loan, you may select a car that will fit your budget thus re-establishing your credit, by applying for a loan to buy a car.
Car Loans For People With Bad Credit History
There are numerous bad credit car dealerships in BC, as well as many banks and credit unions providing loans to borrowers who have poor credit scores. New Leaf Auto Finance gives you the confidence that you will always get the best deal possible from any lender that we suggest to you. Bad credit car loans may not be available to people who have a severely damaged credit rating, despite what you read about Guaranteed Car Loan promises that abound on the Internet. Quite often you will need a co-signer if your credit is really bad, despite what you read. Bad credit loans are designed for people who have had issues with poor credit, been refused a loan elsewhere or have suffered bankruptcy, divorce or any number of financial setbacks. Even if you had access to the hundreds of banks, credit unions and private lenders that exist, most people would have no idea where to begin, thats where our specialty finance reps become your most valuable asset by helping you understand their financial offerings. There are a growing number of financial companies offering loans for people with bad credit with numerous types of credit and loan products that are specifically designed for people with less-than-stellar credit. New Leaf Auto Finance helps you choose th one best suited for you.
High Interest Rates And A Mountain Of Fees
The loan you get will have a higher interest rate and closing fees than car loans offered to borrowers with a better credit profile. A good tactic is often to consolidate other loans and debts for just one, or refinance a higher interest rate for a lower interest rate. Debt consolidation loans give you the opportunity to get out from under the burden of a high interest loan and exchange it for personal loans with lower interest. Quite often we are able to get you cash back to pay off loans, or consolidate your other debts into your auto loan. The lender will charge a higher interest rate due to the risk associated with the loan but if your primary goal is rebuilding your credit, if you follow out plan we will incrementally apply for refinancing at a better rate as your standing with the credit agencies improves.
A Leader In Affordable Online Car Financing
New Leaf Auto Finance is growing into a Canada wide automobile finance network of auto loan banking institutions along with new and used car dealers that help you locate the best financing for any vehicle. With New Leaf Auto Finance you won’t have to settle for an old, high kilometre car from a buy-here pay-here dealer simply because you might need a bad credit car loan. Financing a car or truck will help re-establish your credit, while you drive your car. Many people consider having a vehicle not just a privilege but it’s now a necessity. Purchasing a new or used car, outside of buying a home, is one of the largest purchases most people will make. A used car can be a great budget-friendly option for motorists keen to have the benefits of a new vehicle without the high cost of a new car.