Having to deal with a bad credit score can be scary, especially when trying to shop for a car.
Even with a decent credit score, most people need some help when it comes to purchasing an automobile: just the interest on auto financing alone generates $98 billion in revenue every year. But if you have bad credit — or no credit at all — securing financing can be difficult.
However, There’s A Solution: Subprime Auto Loans
A low or non-existent credit score can be determined by many factors. If a customer has made late payments or has been the victim of identity theft, his or her credit score can be greatly impacted; if he or she simply doesn’t have enough credit history, there may not even have much of a credit score to speak of. Most of us rely on a car to get us to work every day, and we cannot compromise on having reliable transportation. But since the majority of people can’t afford to pay for a car outright in cash, having a less-than-stellar credit score leaves customers with very few options for buying a vehicle.
Connecting These Auto Loan Leads to Dealerships That Offer Subprime Loans Is Key
Subprime auto loans offer the opportunity for those with poor credit to buy a car with no cosigner. They can also help build up their credit by giving them a chance to make their payments on time. Interest rates can be higher than other types of financing, but sub prime auto leads are of a higher risk than other borrowers. Young adults often have low or no credit, and recent immigrants often haven’t had a chance to build up their credit. Both need access to a vehicle, and both have very limited choices when it comes to a car loan. If having a car is vital to their daily lives, these bad credit auto leads will be interested in obtaining a loan for their vehicle, regardless of the high cost.
Connecting subprime leads to dealerships is our specialty. Allow us to do all the legwork for your dealership.
