Trying to recover from personal financial failure such as the loss of career, folding of your small business etc is never easy, but its not the end of the world either. It all starts with adapting your inner expectations. Stop reminiscing about the days of living in upper class neighborhoods, and driving luxury cars. Being able to flip hamburgers, and having a shelter is good enough since there will always be others less fortunate. Start your new life positively and once you get going, you will be able to reap personal rewards sooner than you imagined.
Having your own car certainly helps to improve chances of getting higher paying full time jobs compared to delivering pizzas. Look for used car dealers in your area and some of these used car lots offer no credit check car loans to help close the deal for buyers. If your credit score is as bad as mine, simply accept the fate of relying on such high risk car financing in order to purchase a vehicle. Bad credit car loans are nothing new, since many drivers need to have their own set of wheels regardless their FICO score.
Buy Here Pay Here Used Car Lots
Used car lots with in house financing are usually known as buy here pay here car dealers. Such used car financing are very convenient and easy to get approved, because you do have to put money for the down payment. Usually, they will also accept third party financing although not many lenders are willing to pre-approve auto loans for older vehicles. The best way to buy used cars will be to check out the current inventory at each car lot and look for something suitable, then bargain hard until you are satisfied with the deal.
No Credit Check Auto Loans
Before visiting the dealer’s lot, have a clear idea on your budget and the type of cars or trucks you need to drive. Otherwise, you may get sidetracked by the wide variety of options and choose a car you want, and not one you needed especially for work purposes. Ask for the down payment and weekly car loan payment required, to see if you can afford that used car. Remember that these are guaranteed approval auto loans, as long as you can pay the money down they asked for. However, do not think of getting a fast cash loan for the down payment. Be conservative and do not be tempted to buy thinking someone else will snatch it if you don’t.
If you have a modest budget, it is better to be upfront and let the car dealer recommend the available models that meet your price range. Note that buying a used car with bad credit is nothing like shopping for the latest cars. You are here to buy a car that can help you get a better job, and not one to enjoy ride or impress your dates. If a small 10 year old Toyota is the best deal available, settle for it and let it help you earn some money.
Used correctly, a no credit check auto loan will help you improve your life and get better work. As long as you make timely payments every week or month, the lenders will report to the credit bureau and help fix your bad credit score.